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The owner of property applying for exemption under this chapter shall submit an application to the director on a form established by the director. The owner shall verify the correctness of the information contained in the application by his/her signature and affirmation made under penalty of perjury under the laws of the state of Washington. The application shall contain such information as the director may deem necessary or useful, which at a minimum shall include:

A. A completed city of Edmonds application form, including information setting forth the grounds for tax exemption;

B. A brief written description of the project, and schematic site and floor plans of the multifamily units and the structure(s) in which they are proposed to be located;

C. Floor and site plans of the proposed project, which plans may be revised by the owner provided such revisions are made prior to the city’s final action on the exemption application;

D. A statement from the owner acknowledging the potential tax liability when the property ceases to be eligible for exemption under this chapter;

E. At the time of initial application under this section, the owner shall pay to the city an initial application fee of $1,000, plus an amount necessary to cover recording fees as set out in the city’s development fee table;

F. Except as otherwise provided for in subsection (G) of this section, the application shall be submitted any time before a complete application for a building or other construction permit is submitted;

G. If, on the effective date of the ordinance codified in this chapter, the owner has applied for a permit identified in subsection (F) of this section, then application for exemption under this section may be submitted any time prior to issuance of a building permit. [Ord. 4047 § 1, 2016].