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3 <br /> occupied as non-subsidized,market rate housing with a parking standard of one off-street <br /> parking space per rental room provided in the Trinity Lutheran College parking garage. <br /> 9. The Planning Commission held a public hearing on October 7, 2014, and has <br /> recommended that the City Council approve the proposed amendment to the pilot project <br /> ordinance. <br /> WHEREAS,the City Council concludes the following: <br /> 1. Student housing is still the preferred use for the subject property,but the lender has a <br /> valid financial reason for requesting a contingency in the event that student housing <br /> becomes a non-viable restriction on the full occupancy of the subject building. <br /> 2. koz Development and Trinity Lutheran College have proposed that in the event student <br /> housing is not viable for the full occupancy due to Trinity Lutheran College ceasing to <br /> exist in downtown,and the inability to secure a master lease for student housing with <br /> Everett Community College and/or Washington State University,that occupancy by non- <br /> subsidized,market rate rental housing be allowed, with one off-street parking space per <br /> rental room provided in.perpetuity within the Trinity Lutheran College parking garage. <br /> 3. One off-street parking space per rental room is identical to the required parking standard <br /> for multiple family housing in the B-3 zone. <br /> 4. The proposed amendment provides for the health, safety and welfare of the Everett <br /> community. <br /> 5. The proposed amendment promotes the best long-term interests of the Everett <br /> community. <br /> NOW,THEREFORE,THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1. Section 1 of Ordinance No. 3380-14,which reads as follows: <br /> Pilot Project Established. <br /> A. Section 34 of Ordinance No. 1671-89 and Section 7 of Ordinance No. 2347-98, as <br /> amended, are hereby amended to provide for a pilot project for student housing and <br /> associated parking for student housing in the central business district. <br /> B. The City hereby establishes a pilot project to allow-student micro-housing on a site located <br /> on the southwest corner of California Street and Oakes Avenue in the B-3 (Central Business <br /> District) zone, in accordance with the conditions stated herein. Before January 1, 2017, or <br /> one year following the issuance the certificate of occupancy by the City's Building Official, <br /> whichever date occurs later,the City Council will review this pilot project to evaluate this <br /> new use as well as other micro-housing opportunities in the downtown and determine <br /> whether this type of use should be authorized including appropriate parking standards, and if <br /> so, under what conditions. <br /> i <br /> 11 <br />