CANNON BEACH, Ore. — The Cannon Beach City Council voted unanimously Tuesday to provide a workforce housing incentive to a developer from money generated from a new construction excise tax.
Last year, city councilors voted to apply a 1 percent tax on all building permits in an effort to raise money for workforce housing projects. So far, the council has seen the fund as a way to provide financial incentives to developers.
Mike Clark, of Coaster Properties, will be the first developer to receive the benefits to rebuild and expand the Sea Lark Apartments. The one-bedroom units, destroyed in a fire in February, were one of the few affordable living options in town. He plans to expand the former fourplex into eight units.
Clark will be reimbursed $19,000 for permit fees and systems development charges associated with the project, all based on the estimated $510,000 in construction costs.
