Laserfiche WebLink
EVERETT CITY COUNCIL,AGENDA I LhM COVER SHEET <br /> PROJECT TITLE: . <br /> A Resolution declaring the 04/13/16 Briefing COUNCIL BILL# <br /> City's intention to designate Proposed Action Originating Department Planning <br /> Waterfront Place as an Urban • ' Consent 'Contact Person Allan Giffen <br /> Center under.the-Multiple 04/27/16 Action Phone Number (425) 257-8725. <br /> Family Property Tax - • First Reading FOR AGENDA OF 04/13/16 <br /> Exemption provisions of _ Second Reading . 04/27/16 <br /> RCW Chapter 84.14,and Third Reading <br /> setting May 11, 2016 as the Public Hearing - . <br /> date for a public hearing . Tnitialed by: - <br /> Department Head • <br /> - <br /> CAA • <br /> Council President aC It�r <br /> /'tt r • <br /> I - <br /> Location Preceding Action- • Attachments - • Department(s)Approval <br /> . Port of Everett City Council master plan Proposed Resolution and Planning,Legal <br /> Waterfront Place approval January 21; map - <br /> - Redevelopment 2015 . - . . <br /> Amount Budgeted . -0- <br /> Expenditure Required -0- Account Number(s): <br /> Budget Remaining •-0 <br /> Additional Required -0- - I <br /> 1 <br /> • <br /> DETAILED SUMMARY-STATE1 NT: The-City Council-approved the master plan for Waterfront <br /> Place in January,2015. The master plan includes an area where residential development is allowed. The <br /> Port of Everett has asked the City to establish the Multiple Family Property Tax Exemption area for a portion <br /> • <br /> of the redevelopment plan(two parcels)that will be developed with mixed use retail and housing in the next - <br /> phase of development. The cost of constructing rental housing on a fill site, combined with the plan to locate <br /> .the required off-street parking within a parking structure,makes residential development infeasible in the. . <br /> current and foreseeable rental housing market in Everett. The property tax exemption would appear to make <br /> development of multiple-family housing economically viable. . <br /> State law requires the City to adopt a Resolution stating its intention to establish the area as an urban center, <br /> • <br /> and to establish a public hearing date. Adopting the attached Resolution sets the date for that public hearing <br /> on May 11, 2016. <br /> RECOM VIE1 TD ATION(Exact action requested of Council): Adopt.Resolution declaring the City's <br /> intention to designate a portion of the Waterfront Place Urban Center under the Multiple Family Property <br /> Tax Exemption provisions of RCW Chapter 84.14, and setting May 11, 2016 as the date for a public hearing. <br /> 17 <br />