Ordinance 3314-13 - Laserfiche WebLink

Ordinance No. 3314-13 ' An Ordinance Establishing an Interim Official Control on the Silver . enter Property, in accordance with RCW 36.70A.390 to Allow the City to Conduct a Re-Use Planning Process, and Declaring an Emergency to Exist. WHEREAS,the City Council finds the following: 1. The mixed use development approved under the City shoreline permit SMA#03-010, for several parcels of land comprising approximately 11.8 acres known as Silver Lake Center,proposed a high-quality commercial and residential development that included improvements to the Silver Lake shoreline and to the City-owned Green Lantern Park; 2. The previous owner of the Silver Lake Center property had worked closely over many years with the Silver Lake neighborhood to incorporate community input into the design and improvement of the proposed development and Green Lantern Park; 3. Demolition of previously existing structures on the subject property has been completed in preparation for development in accordance with the approved shoreline permit; 4. The City of Everett and the State of Washington have invested significant public funds in the improvement of transportation in the immediate vicinity of the subject property; 5. The recession impacted the economic feasibility of the mixed use project, causing delays that resulted in the shoreline permit expiring before construction could commence; 6. The recession led to approximately 6.7acres of the property being foreclosed by the lender; 7. The current B-2 zoning of the property allows a wide range of uses, including retail or residential uses, and other uses that if developed under existing regulations, may provide neither the same level of quality mixed use development or the level of improvement to Green Lantern Park and the Silver Lake shoreline; 8. Because of the site's unique location and proximity to Silver Lake, it is a critical property for the future of the Silver Lake neighborhood and the greater community. A transition to a new use will have ramifications for years to come; 9. The change in circumstance warrants additional planning for the site as well as its immediate vicinity. This planning process will consider a range of alternatives and 1