Ordinance 3774-20 - Laserfiche WebLink

b. All public art shall include a maintenance plan to ensure the public art is properly funded and maintained. 7. Agricultural Land Preservation. a. A development height incentive may be provided where a development severs the development rights from the fee interest of property that is designated as"agricultural lands of long-term commercial significance" by Snohomish County. b. The development rights being acquired must be certified by Snohomish County. c. Each agricultural development right which is acquired shall entitle the developer to five thousand square feet of additional floor area. d. In order to implement this program cooperatively with Snohomish County,the city of Everett adopts Chapter 365-198 WAC,as now or hereafter amended,by reference. 8. Parks,outdoor and common area a. To receive an incentive height bonus for public parks,a developer must either: i. Dedicate land to the city as approved by the parks director, mayor and city council;or iii. Improve an existing public park or open space,or provide funds in-lieu-of improvement,in an amount that is equivalent in value of a land dedication,and as approved by the parks director. b. To receive an incentive height bonus for outdoor and common areas,the developer shall provide outdoor and common areas in addition to the minimum requirements set forth in EMC 19.09.050. 9. Fee-in-Lieu-Of. a. When Allowed.Where a fee in lieu of is allowed,the determination of the fee must follow the requirements set forth in subsection 9.b of this section. b. Fee Calculation. i. The in-lieu-of fee is based on the bonus provided. For example,if a developer wishes to pay an in-lieu-of fee to support two floors of affordable housing in return for four bonus floors,the fee is based on the two floors of affordable housing. ii. The in-lieu-of fee, as of July 1,2020, is based on the zoning designation and values set forth below.The fee will be adjusted annually based on the adjustment process set forth in EMC 16.72.020. (1) Mixed Urban zone:seven dollars and fifty cents per square foot. (2) Light industrial zone(s):six dollars per square foot. (3) Multifamily(UR3&UR4)zones:five dollars per square foot. Fee calculation example No. 1:A developer wishes to provide a fee in lieu of providing affordable housing in the urban mixed zone.The developer wishes to support two floors of affordable housing,which would provide a height bonus of four additional floors.The floorplates of the upper floors are seven thousand five hundred square feet.The in-lieu-of fee would be one hundred twelve thousand five hundred dollars based on 2020 rates. (2 x 7,500 x$7.50= $112,500.) In this example,the developer would have four additional floors,or thirty thousand square feet of gross floor area,in exchange for an affordable housing fee of one hundred twelve thousand five hundred dollars. Fee calculation example No.2:A developer wishes to build one additional floor and provide to the city's public art fund.The gross floor area of that incentive floor is seven thousand five hundred square feet.The in-lieu-of fee would be fifty-six thousand two hundred fifty dollars based on 2020 rates. (7,500 x$7.50=$56,250.) c. City Funds.Any fees accepted by the city shall be deposited into city funds to be used for the purpose for which they were deposited.The city will annually account for the deposit and expenditure of the funds provided in lieu of the developer providing the required benefit. Ch.19.22 Building and Structure Heights 10 City Council Action(11/04/2020)