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• <br /> ' ' EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET 8 <br /> PROJECT TITLE: <br /> CL�.- 'g <br /> An Ordinance Amending 4/9/14 Briefing COUNCIL BILL <br /> Chapter 15.16 of EMC Title 15 Proposed Action Originating Department Planning <br /> (Lo cal Project Review Consent Contact Person Allan Giffen <br /> Procedures), as amended, Action Phone Number (425)257-8725 <br /> Concerning Unit Lot <br /> Subdivisions. 4/9/14 First Reading FOR AGENDA OF . 4/9/14 <br /> 4/16/14 Second Reading 4/16/14 <br /> 4/23/14 Third Reading 4/23/14 <br /> 4/23/14 Public Hearing <br /> . Initialed by: <br /> Department Head :144 - <br /> CAA . <br /> • Council President " <br /> Location Preceding Anion Attachments Department(s)Approval <br /> None Planning Commission Ordinance. Planning Planning,Legal <br /> Recommendation 2/4/14 Commission minutes <br /> provided separately. <br /> Amount Budgeted -0- <br /> Expenditure Required -0- Account Number(s): <br /> • <br /> Budget Remaining -0- <br /> Additional Required 0- <br /> DETAILED SUMMARY STATEMENT: 4 <br /> The Master Builders Association(MBA) of King and Snohomish County asked the City to initiate <br /> amendments to its land use regulations to allow the subdivision of townhouse developments so individual <br /> dwellings could be sold and conveyed through a subdivision process rather than a condominium process. <br /> The MBA members described several problems associated with financing homes created through the <br /> condominium process. Problems include lower property valuations for resale of condos by homeowners, <br /> difficulty for homeowners to refinance,higher homeowner association fees;more costly mortgage insurance, <br /> and greater difficulty for homebuyers to qualify for financing. . <br /> • The Planning Conunission agreed to initiate consideration of a code amendment process,and held several <br /> workshops and a public hearing on the proposed changes to the City's land use regulation. The proposed <br /> amendment adds a chapter to the Zoning Code for"Unit Lot Subdivisions." Related amendments are also <br /> required to the City's Land Division Ordinance(Title 18)and Procedures Ordinance (Title 15), each in a <br /> separate ordinance. This ordinance amends the City's land use permit procedural requirements of Title 15. <br /> RECOMMEINDATION(Exact action requested of Council): <br /> Adopt Ordinance Amending Chapter 15.16 of EMC Title 15 (Local Project Review Procedures), as <br /> • amended, Concerning Unit Lot Subdivisions. 41 <br />