2016/04/13 Council Agenda Packet

- • j • •RESOLUTION NO. A Resolution declaring the City's intention to designate Waterfront Place as an Urban Center under the Multiple Family Property Tax Exemption provisions of RCW Chapter 84.14,and setting May 11,2016 as the date fora public hearing • WHEREAS,RCW Chapter 84.14 provides for the establishment of"urban centers"in which qualifying multiple family housing developments are exempt from the payment of property taxes for a limited period of time; and . - WHEREAS, it is the purpose of RCW Chapter 84.14 to encourage increased residential opportunities, and to stimulate the construction of new multifamily housing, including affordable housing, in urban centers•having insufficient housing opportunities. WHEREAS,RCW 84.14.040 requires a city to adopt a Resolution declaring its intention to designate or modify the boundaries'of an urban center under RCW Chapter 84.14 and establish the time and place of a public hearing to be held for such purposes. • NOW, THEREFORE,THE CITY COUNCIL OF THE CITY OF EVERETT DOES • HEREBY RESOLVE THE FOLLOWING: 1. A Public Hearing will be held on Wednesday,May 11, 2016, at the regular meeting of the City Council,which begins at 6:30 pm,in the City Council Chambers of the William E. Moore Historic City Hall, 3002 Wetmore Avenue. 2. A vicinity map identifying the area proposed to be designated as an urban center is attached hereto as Exhibit A. 3. The area to be eligible for the property tax exemption is the area depicted on Exhibit A as "Approximate Boundary of Tax Exempt Area." Councilmember Introducing Resolution Date City Council President • • • 18