Title
Recommend Approval for Evergreen Inn Special Tax Valuation
Recommended Action
Move to accept Heritage Review Committee recommendation and recommend City Council approval of a resolution granting special tax valuation to the historic Evergreen Inn located at 2402 Lakeridge Way SW.
Report
Issue:
Whether to accept the recommendation of the Heritage Review Committee to recommend granting Special Tax Valuation for the Evergreen Inn to City Council for final approval.
Staff Contact:
Brittany Gillia, Historic Preservation Officer, Community Development, 360.753.8427
Presenter(s):
Commissioner Stephen Becker, Chair of the Heritage Review Committee
Background and Analysis:
The City of Olympia has received an application to request Special Tax Valuation for the property located at 2402 Lakeridge Way. The applicant is Amie Gutierrez with Ryan LLC, a tax firm hired by the property owner, Olympia 196 LLC, to pursue a listing on the local Heritage Register and a subsequent request for Special Tax Valuation with the City. The subject property has recently undergone an adaptive reuse to convert the 196-room conference hotel into 196 market-rate studio units and is requesting Special Valuation for the rehabilitation costs incurred as part of the project scope. The total dollar amount shown in Attachment 1 has been amended to include additional expenses that were found to be eligible. Before and after photos are available as Attachment 2, and the scope of work statement is included as Attachment 3.
This property is pursuing listing on the Olympia Heritage Register concurrently and the granting of Special Valuation in this calendar year is contingent upon the approval of being listed on the Heritage Register as seen in the previous business item on the agenda.
The Heritage Review Committee performed a site visit on November 2 to review the improvements and determine if the work is consistent with the US Secretary of the Interior’s Standards for Rehabilitation and affirm ...
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