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3 <br /> ORDINANCE NO. <br /> An.Ordinance amending Sections 1,2 and 4 of Ordinance No. 3380-14 <br /> which authorized a Pilot Project for Micro-housing for Trinity Lutheran <br /> College Students at the Southwest corner of Oakes and California. <br /> WHEREAS, the City Council finds the following: <br /> 1. The City Council approved a pilot project in Ordinance No. 3380-14 to allow student <br /> housing in the downtown with the required off-street parking to be provided off-site. <br /> 2. If the off-street parking was to be provided on-site,the student housing would have been <br /> allowed without the need for a pilot project ordinance, as it would have fit within the B-3 <br /> zone permitted land use category of"dwelling,multiple family." <br /> 3. The pilot project is encouraged to allow Trinity Lutheran College to grow while <br /> minimizing student housing construction costs and making use of existing parking <br /> facilities conveniently located near the proposed student housing. <br /> 4. Section 2,paragraph 6 of Ordinance No. 3380-14 provides the opportunity to reduce the <br /> amount of required off-street parking in the Trinity Lutheran College parking garage <br /> based upon a parking analysis demonstrating lower utilization, subject to approval by the <br /> City. <br /> 5. Section 2,paragraph 9 of Ordinance No. 3380-14 restricts the use of the proposed <br /> building to student housing,but does provide for the City Council to consider an <br /> alternative use if it determines the proposal is in the best long term interests of the <br /> community. <br /> 6. The financial institution providing project financing has stated its concerns that the <br /> language in Section 2,paragraph 9 creates the potential for a building that may not be <br /> capable of being fully occupied in the event that Trinity Lutheran College ever ceases to <br /> exist in downtown, and has requested an amendment to the ordinance as a condition of <br /> providing financing for the project. <br /> 7. Leaving the determination about occupancy by housing other than student housing to a <br /> future City Council review process jeopardizes initial project funding. <br /> 8. koz Development and Trinity Lutheran College have proposed the amendment of <br /> Ordinance No. 3380-1?, so that in the event the building cannot be fully occupied by <br /> student housing by Trinity Lutheran College, Everett Community College, Washington <br /> State University, or another institution of higher education, that it would be allowed to1:e <br /> 10 <br />