Everett Housing Authority 9/3/2024

In accordance with EMC 19.43.230,the City published an EIS Addendum on July 9, 2024,to provide further information about the SEPA payments required to mitigate the financial costs of the services, equipment, and station described in Recitals F and G above, in order to ensure that adequate fire and police protection are available to serve the Park District. J. Based on the analysis in the FEIS and the EIS Addendum, and consistent with EMC 19.43.230 and EMC 19.43.240, the purpose of this Mitigation Agreement is to provide, pursuant to SEPA and the Interlocal Cooperation Act (chapter 39.34 RCW), for mitigation payments to address the impact of the Park District on City police and fire services. AGREEMENT The Parties agree as follows: SECTION 1: SEPA MITIGATION PAYMENTS EHA will make mitigation payments to the City as set forth in this Section 1 (collectively, "SEPA Mitigation Payments"): A. Calculation of SEPA Mitigation Payments. Beginning on the date of this Mitigation Agreement,and continuing for as long as this Mitigation Agreement is in effect, EHA will pay SEPA Mitigation Payments for each Park District Dwelling Unit as follows: Police SEPA Mitigation Payment Fire SEPA Mitigation Payment per Year per Park District Dwelling Unit Park District Dwelling Unit 2024 $103.06/year $126.92/year 2025 and Previous year's payment, Previous year's payment, increased each year increased in accordance with in accordance with Section 1.D.2 after Section 1.D.1 below below A "Park District Dwelling Unit" for this Mitigation Agreement is a residential unit in the Park District (such as, for example, an apartment unit or a townhouse)that has a final certificate of occupancy issued after the date of this Mitigation Agreement; provided, however, that a residential unit is not a "Park District Dwelling Unit" if it is occupied by a household whose income at initial occupancy (determined in a manner consistent with determinations of lower-income families under Section 8 of the United States Housing Act of 1937, as amended) does not exceed (a) 60%of area median gross income, adjusted for household size, or (b) if such unit is located within a qualified low-income housing project utilizing the average income test under Section 42(g)(1)(C) of the Internal Revenue Code of 1986, as amended,the applicable imputed income limitation for such unit designated under such section. The average of the imputed income limitations designated shall not exceed 60%of area median gross income. As two of many possible examples of(b): (Example 1): if a qualified low-income housing project has ten units, with eight units without income restrictions, one unit with an income limitation at 50%AMI, and a second unit with an income limitation at 70%AMI, then the two income restricted units will not be Park District Dwelling Units so long as they are occupied in accordance with their income