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• <br /> ORDINANCE NO. Forma' <br /> An Ordinance Adding the"North Broadway Urban Center"to the <br /> Multiple Family Property Tax Exemption program,and Amending <br /> Ordinance No.2347-98, as amended (EMC Chapter 3.78) • <br /> WHEREAS,the City Council finds the following: <br /> 1. The City of Everett has adopted an Institutional Overlay Zone for the Everett Community <br /> College(ECC)owned properties and several private properties located in close proximity <br /> to the college,which designate the areas within the overlay zone for college and college- <br /> related uses. <br /> 2. The City has determined that student housing is a college related use under the <br /> • Institutional Overlay Zone. <br /> 3. The City of Everett established a new Broadway Mixed Use(BMU)zone in 2008 and <br /> rezoned the Broadway corridor to be included in the BMU zone. <br /> 4. The purpose of the BMU zone,as stated in the Zoning Code,is, in part,to encourage a <br /> lively business district with a mixture of uses,including higher density residential use. <br /> 5. The enrollment at ECC has been growing,but with a limited inventory of housing <br /> available near the campus,most students must travel to the campus,including students <br /> who must drive and park either on campus or•who may also be parking in the residential <br /> . neighborhood surrounding the college. <br /> 6. ECC is interested in the development of additional housing in proximity to its campus,in <br /> part to reduce the proportion of students who must commute to the campus. <br /> 7. Washington State University(WSU)has established a presence on the ECC campus, and <br /> is pursuing funding for additional student facilities and programs,which will create a <br /> need for additional student housing near the campus. <br /> 8. There are several vacant and blighted commercial properties in the north Broadway <br /> corridor,between 7th Street and 13th Street, which are in need of new investment and • <br /> redevelopment in order to benefit the local neighborhood and greater Everett community. <br /> 9. Everett Transit has a transit station located on the ECC campus which serves the college <br /> and surrounding neighborhood. <br /> 10. The adopted Everett Growth Management Couipiehensi e Plan designates Broadway as a <br /> high i tensity mixed use coI i iclor and encourages a`�'ea__I density of housing <br /> 2 <br />