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f <br /> 5. Historically, development of market rate housing in downtown has not occurred at the levels <br /> of multiple family development in more suburban locations. <br /> 6. Recently, there has been substantially more interest in development of market rate housing in <br /> downtown Everett due to growth and development trends in the Puget Sound area. <br /> 7. The majority of recent housing proposals in the downtown have been located in zones which <br /> require not more than 1.0 parking space per dwelling unit. <br /> 8. Development of multiple family housing in downtown will not be economically feasible if <br /> parking standards are too high. <br /> 9. Parking demands for market rate multiple family housing in urban downtown areas are <br /> typically less than required for suburban locations. This is true also for downtown Everett where <br /> Census data indicates smaller household sizes, a greater rate of renter occupied housing, lower <br /> rates of vehicle ownership, and greater usage of transit,walking and bicycling to work than for <br /> other areas of the City. <br /> 10. The Everett Comprehensive Plan calls for a comprehensive re-visitation of issues related to <br /> housing, transportation, parking, urban design, and capital facilities for the downtown. <br /> 11. There are more parking spaces within the downtown than the combined number of <br /> employees and residents. <br /> 12. Existing parking demands in downtown average 55% of the supply of parking spaces in <br /> downtown. <br /> 13. The amount of off-street parking in downtown exceeds the current requirements of the <br /> Zoning Code by approximately 30%. <br /> 14. There are localized areas in downtown in which parking supply is exceeded by demand <br /> during peak periods of use. <br /> 15. The Comprehensive Plan calls for a downtown parking program dealing with supply of off- <br /> street parking and enforcement of on-street parking. <br /> 16. While a lot of study of parking issues has occurred, the City has not implemented a <br /> comprehensive parking management strategy for downtown. <br /> 17. Peak parking demand by multiple family residential use occurs during night time hours and <br /> weekends. The great majority of parking complaints in downtown are related to on-street <br /> parking in localized areas during weekdays. <br /> WHEREAS, the City Council concludes: <br /> 1. Increasing the off-street parking standards for multiple family housing will discourage the <br /> development of market rate housing in downtown called for by the Everett Comprehensive Plan. <br /> 2 <br />