A. The property must be located in a designated residential targeted area.

B. The project must consist of at least 20 dwelling units of multifamily housing, located within a residential structure or a mixed-use development, in which at least 50 percent of the space within such residential structure or mixed-use development is intended for permanent residential occupancy.

C. The project must comply with all zoning requirements, land use regulations, and building code requirements contained in the Edmonds City Code and applicable upon land use permit approval or submittal of a complete building permit application, whichever occurs sooner.

D. For the duration of the exemption granted under this chapter, the property shall have no violations of applicable zoning requirements, land use regulations, or building code requirements contained in the Edmonds Community Development Code for which the planning and development department shall have issued an order to correct (“OTC”) or notice of violation (“NOV”) that are not resolved by a voluntary correction agreement, vacation by the hearing examiner, or action of the property owner in compliance with the applicable code requirements as determined by the director, within the time period for compliance provided in such OTC or NOV and any extension of the time period for compliance granted by the director.

E. New construction multifamily housing must be completed within three years from the date of approval of the application or by any extended deadline granted by the director pursuant to ECC 3.38.090.

F. The owner must enter into a contract with the city, approved by the mayor, under which the owner has agreed to the implementation of the development on terms and conditions satisfactory to the city and in compliance with this chapter. [Ord. 4299 § 6 (Exh. A), 2023; Ord. 4047 § 1, 2016].