2013/07/10 Council Agenda Packet

EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET PROJECT TITLE: An Ordinance Expanding the Consent COUNCIL BILL# (j_ Multiple Family Property Tax 7-24-13 Action Originating Department Planning Exemption Area and 7-10-13 First Reading Contact Person Allan Giffen Amending Ordinance No. 7-17-13 Second Reading Phone Number 425 257-8725 2347-98, as amended(EMC 7-24-13 Third Reading FOR AGENDA OF 7-10; 7-17; 7-24 Chapter 3.78) 7-24-13 Public Hearing 7-10-13 Briefing Initialed by: Department Head CAA i ,) Council President �9 Location Preceding Action Attachments Department(s)Approval None Ordinance Planning,Legal • Amount Budgeted N/A Expenditure Required N/A Budget Remaining N/A Additional Required N/A DETAILED SUMMARY STATEMENT: Property located at 3515 Hoyt Avenue, a former nursing home,has been vacant and in a blighted condition for many years. There have been occasional proposals for a variety of uses,but no potential buyers have been able to redevelop the property and it has remained vacant and a blight on the neighborhood. A prospective buyer has entered into a purchase and sale agreement to redevelop the property with market rate multiple family rental housing. The prospective buyer has asked the City to consider extending the property tax exemption area to include this property to make it feasible for the redevelopment of this structure and property to occur. The attached ordinance would amend the boundary of the urban center to add six blocks between 33rd Street and 36th Street, from Rucker Avenue to Colby Avenue,to the area in which the Multiple Family Property Tax Exemption authorized by RCW 84.14 would apply. RECOMMENDATION(Exact action requested of Council): Adopt Ordinance Expanding the Multiple Family Property Tax Exemption Area and Amending Ordinance No.2347-98, as amended(EMC Chapter 3.78). 3