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A property owner who proposes a project for a tax exemption under this chapter shall complete the following procedures:

(1) A complete application, on a form established by the Director, shall be filed with the City prior to issuance of a building permit for the project. The application shall be accompanied by the required fee as set forth in the City’s current fee resolution.

(2) The application shall contain such information as deemed necessary by the Director, including:

(a) A brief written description of the project including timing and construction schedule setting forth the grounds for the exemption.

(b) Floor and site plans of the proposed project, which may be revised by the owner, provided such revisions are made and presented to the Director prior to the City’s final action on the exemption application.

(c) If applying for a 12-year exemption, it shall include information describing how the applicant will comply with the affordability requirements set forth in CMC 3.80.040(2).

(d) A statement from the owner acknowledging the potential tax liability when the project ceases to be eligible for exemption under this chapter.

(e) An affidavit signed by the owner stating the occupancy record of the property for a period of 12 months prior to filing the application.

(f) Verification of the correctness of the information submitted by the owner’s signature and affirmation made under penalty of perjury under the laws of the State of Washington. (Ord. 13-12 § 1 (Exh. 1); Ord. 05-12 § 1 (Exh. 1))