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ORDINANCE Page 9 of 17 <br />units with notification of the applicant’s or property owner’s intent to provide the tenant with relocation <br />assistance in an amount equal to one (1) month as provided in RCW 84.14.020, as amended. <br />E. After the expiration of the extension, the applicant or the property owner must provide tenant <br />relocation assistance in an amount equal to one (1) month's rent to a qualified tenant within the final <br />month of the qualified tenant's lease. To be eligible for tenant relocation assistance under this <br />subsection, the tenant must occupy an affordable unit at the time the exemption expires and must <br />qualify as an eligible household under this chapter at the time relocation assistance is provided. <br />3.78.050 030 Residential targeted area designation criteria. <br />Following notice and public hearing, or a continuance thereof, as prescribed in RCW 84.14.040, the city <br />council may, in its sole discretion, designate all of or a portion of the residential targeted area described <br />in the notice of hearing as the residential targeted area. The designated targeted area must meet the <br />following criteria, as found by city council in its sole discretion: <br />A. The targeted area is located within the urban center as determined by the city council. <br />B. The targeted area lacks sufficient available, attractive, convenient, desirable, and livable residential <br />housing to meet the needs of the public who would be likely to live in the urban center, if such places to <br />live were available. <br />C. The providing of additional housing opportunity in the targeted area will assist in achieving the stated <br />purposes of RCW 84.14.007, namely: <br />1. Encourage increased residential opportunities within the targeted area of the city of Everett; <br />or <br />2. Stimulate the construction of new multi-family housing and the rehabilitation of existing <br />vacant and underutilized buildings for multifamily housing that will increase and improve <br />residential opportunities within the city’s urban centers. <br />D. In designating the residential targeted area, the city council may also consider other factors, <br />including, but not limited to, which additional housing in the targeted area will attract and maintain a <br />significant increase in the number of permanent residents, whether providing additional housing <br />opportunities for low- and moderate-income households would meet the needs of citizens likely to live <br />in the area if affordable housing were available, whether additional housing in the targeted area will <br />help revitalize the targeted area city’s urban center, whether an increased residential population will <br />help improve in the targeted areas supports significant public investment in public transit or a better <br />jobs and housing balance and whether an increased residential population in the targeted area will help <br />to achieve the planning goals mandated by the Growth Management Act under RCW 36.70A.020. and <br />E. The notice for the hearing has met the requirements of RCW 84.14.040. <br />F. At any time the city council may, by ordinance, amend or rescind the designation of a residential <br />targeted area pursuant to the same procedural requirements as set forth in this chapter for original <br />designation.