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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET <br />PROJECT TITLE: <br />An Ordinance amending <br />Sections 1, 2 and 4 of <br />Ordinance No. 3380-14 which <br />authorized a Pilot Project for <br />Micro -housing for Trinity <br />Lutheran College Students at <br />the Southwest corner of Oakes <br />and California. <br />Location <br />Southwest corner of <br />California Street and <br />Oakes Avenue <br />10/22/14 Briefing <br />Proposed Action <br />Consent <br />Action <br />10/22/14 First Reading <br />10/29/14 Second Reading <br />11/5/14 Third Reading <br />11/5/14 Public Hearing <br />Preceding Action <br />Planning Commission <br />Recommendation <br />10/7/14 <br />COUNCIL BILL # <br />Originating Department <br />Contact Person <br />Phone Number <br />FOR AGENDA OF <br />Initialed by: <br />Department Head <br />CAA <br />Council President <br />Attachments <br />Proposed Ordinance, <br />Ordinance No. 3380-14 <br />14440 <br />Planning <br />Allan Giffen <br />(425) 257-8725 <br />10/22/14 <br />10/29/14 <br />11/5/14 <br />Department(s) Approval <br />Planning, Legal <br />Amount Budgeted <br />-0- <br />Expenditure Required <br />-0- <br />Account Number(s): <br />Budget Remaining <br />-0- <br />Additional Required <br />-0- <br />DETAILED SUMMARY STATEMENT: On April 3, 2014, the City Council adopted Ordinance No. 3380-14 <br />establishing a pilot project to allow student housing for Trinity Lutheran College (TLC) on the southwest corner of <br />Oakes and California, with the required off-street parking to be provided one block to the west, in the TLC parking <br />garage. The developer has been preparing plans and securing financing for the project, and the project lender <br />has raised a concern about the limitation on the occupancy of the building to only student housing. The <br />concern is that if TLC should cease to exist in downtown, there may not be sufficient demand for student - <br />only housing in this location to keep the building fully leased. The developer has proposed a contingency to <br />allow for non -student housing in the event. TLC did not maintain its master lease agreement, and the building <br />could not be fully leased for student housing by Everett Community College, Washington State University, <br />and / or another institution of higher education. The condition reconunended to address this concern would <br />then allow for non -student housing, but only non -subsidized, market rate rental housing. <br />RECOMMEND A.TTON (Exact action requested of Council): Adopt Ordinance amending Sections 1, 2 and <br />4 of Ordinance No. 3380-14 \vilich authorized a Pilot Project for Micro -housing- for Trini t i utherain College <br />Students at the Southwest corner of Cakes and California. <br />11 <br />