OS-21-00035 KCT Staff Report - Laserfiche WebLink

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Staff Analysis The addendum to the application provides no additional information about factors relevant to this conservation value. IV. APPLICABLE CODE REDUCTION KCC 3.46.110 provides allows land assessment value reduction based upon the number of points awarded to an applicant. The percent reduction in the assessed market value are awarded according to the table below. Total Eligibility Points Percent Reduction in Assessed Market Value 0 to 3 points 0% reduction in value 4 to 6 points 10% reduction in value 7 to 10 points 30% reduction in value 11 to 13 points 50% reduction in value 14 to 15 points 55% reduction in value With One Bonus 10% additional reduction in value With Two Bonuses 20% additional reduction in value Conservation in Perpetuity 85% reduction in value From the staff analysis, we have determined that the applicant’s parcel would qualify for 8 points and a 30% reduction in assessed value, with 3 points awarded for Shorelines, 3 points awarded for Priority Habitat Species Lands, and 2 points awarded as a scenic vista. KCC 3.46.100 states “Any entity, organization, or person placing whole parcels of land in conservation in perpetuity shall receive an eighty-five percent (85%) reduction in assessed market value.” The applicant has submitted a Conservation Easement agreement with their application materials. This Conservation Easement places the property in Conservation status in perpetuity. V. RECOMMENDATION Staff recommends approval of the application for an 85% reduction under KCC 3.46.100, due to the Conservation Easement included in the application materials.