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A. Within thirty days after the first anniversary of the date the city issued the final certificate of tax exemption and each year thereafter for the duration of the tax exemption period, the property owner shall file an annual report with the administrator. Failure to submit the annual report may result in cancellation of the tax exemption. The certification shall contain such information as required by Chapter 84.14 RCW and as the administrator may deem necessary or useful, and shall at a minimum include the following information:

1. A statement of occupancy and vacancy of the multifamily dwelling units during the twelve months ending with the anniversary date;

2. A certification that the property has not changed use and, if applicable, that the property has been in compliance with the affordable housing requirements as described in this section since the date the city issued the final certificate of tax exemption and that the project continues to be in compliance with the contract with the city and the requirements of this section;

3. A description of any improvements or changes to the property made after the city issued the final certificate of tax exemption;

4. The total monthly rent of each multifamily housing unit rented or the total sale amount of each multifamily housing unit sold to an initial purchaser during the twelve months ending with the anniversary date;

5. The income of each renter household at the time of initial occupancy and the income of each initial purchaser of owner-occupied multifamily housing units at the time of purchase during the twelve months ending with the anniversary date;

6. If applicable, a breakdown of the number, type, and specific multifamily housing units rented or sold during the twelve months ending with the anniversary date, as applicable, to meet the affordable housing requirements of this section; and

7. Any additional information requested by the city pursuant to meeting any reporting requirements under Chapter 84.14 RCW. (Ord. 1452 §1 (part), 2014).