2021/03/17 Council Agenda Packet

`EVERETT City Council Agenda Item Cover Sheet Project title: Termination of Restrictions and Requirements for the property located at 2719 Pacific Avenue. Council Bill # interoffice use Agenda dates requested: 03-10-2021 Briefing 03-17-2021 Action Briefing X Proposed action Consent Action X Ordinance Public hearing Yes X No Budget amendment: Yes X No PowerPoint presentation: X Yes No Attachments: SD1 - Termination of Restrictions and Requirements; SD2 - 2006 Quit Claim Deed; SD3 - Proposed Development Plan Department(s) involved: Econ-Dev/Real Property, Planning, Legal Contact person: Paul McKee Phone number: 425-257-8938 Email: pmckee@everettwa.gov Initialed by: DE Department head Administration Council President Project: Termination of Restrictions and Requirements Partner/Supplier : Transatlanticism, LLC (Owner) Location: 2719 Pacific Avenue Preceding action: 2006 Quit Claim Deed from City to Transatlanticism, LLC Fund: N/A Fiscal summary statement: N/A Project summary statement: In August 2006 the City sold surplus property located at 2719 Pacific Avenue. As a condition of the sale, the City imposed special property use restrictions and building design requirements on the site. This was done because, at the time of the sale, updates to the zoning code and land use regulations for the City's gateway corridors were still in development — but had not yet been enacted. The special restrictions served to regulate the type and quality of development that could take place on the site in advance of the anticipated changes to the zoning code and land use regulations. The property owner has now proposed a major renovation and update to the existing building along with site improvements to create a new bath and kitchen showroom in accordance with current Metro Everett Standards. The conceptual redevelopment plan has been reviewed through the pre -application process and it is supported by staff. Updates to the City's zoning code and land use regulations over the past 15 years have made the special development restrictions placed on the property substantively redundant. Termination of those restrictions will allow development to proceed within in the framework of the City's Metro Everett Development Standards. Recommendation (exact action requested of Council): Authorize the Mayor to sign the Termination of Restrictions and Requirements for the property located at 2719 Pacific Avenue.