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3. The additional housing opportunity in the targeted area will assist in achieving the stated <br /> purposes of RCW 84.14.007, to a) encourage increased residential opportunities within <br /> the targeted area of the city, and b) stimulate the construction of rehabilitated multifamily <br /> housing that will increase and improve residential opportunities within the city's urban <br /> centers; <br /> 4. Theproposedamendment is consistent with RCW Chapter 84.14. <br /> 5. The proposed amendment is in the best long term interests of the Everett community. <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1. Section 15.A of Ordinance No. 2347-98, as amended (EMC 3.78.150.A), which reads <br /> as follows: <br /> Urban center and residential targeted area designated. <br /> A. Urban Center, Downtown Area. The area declared to be the downtown area urban center of the city <br /> of Everett is the area depicted on Exhibit A, a copy of which is attached to the ordinance codified in this <br /> chapter, which comprises portions of Sections 19, 20, 29 and 30 of T.29N., R.5E., W.M. situated in the <br /> city of Everett, Washington, and which is legally described as follows: <br /> Commencing at the intersection of the centerlines of Broadway and 33rd Street,which is the true <br /> POINT OF BEGINNING;THENCE east along the centerline of 33rd Street to its intersection with the <br /> northerly projection of the centerline of alley in Block 796, Everett Land Company's 1st Addition, <br /> according to the plat thereof recorded in Volume 3 of Plats, Page 20, records of Snohomish County, <br /> Washington;THENCE south along said centerline of the alley in said Block 796, and continuing south <br /> along said line and its projection to its intersection with the centerline of 36th Street;THENCE east <br /> along the centerline of 36th Street to its intersection with west line of the State Highway No. 5 <br /> (Interstate 5) right-of-way;Thence northeasterly along said west right-of-way line of State Highway No. <br /> 5 to its intersection with the centerline of the alley in Block 696, Swalwell's 2nd Addition according to <br /> the plat thereof recorded in Volume 3 of Plats, Page 11, records of Snohomish County,Washington; <br /> Thence west along said alley centerline to its intersection with the east lot line of Lot 19, Block 693, Plat <br /> of Everett, Division I, according to the plat thereof recorded in Volume 5, Page 11, records of <br /> Snohomish County,Washington; Thence south along said line to the SE corner of said Lot 19;Thence <br /> west along said line and its westerly projection to the east line of Lot 1, Block 689, Plat of Everett, <br /> Division I;Thence north along said line to its intersection with the centerline of the alley in said Block <br /> 689;Thence west along said centerline to its intersection with the centerline of McDougall Avenue; <br /> Thence north along said centerline to its intersection with the east-west alley in Block 688, Plat of <br /> Everett, Division I;Thence west along said centerline to its intersection with the centerline of the north- <br /> south alley in said Block 688;Thence north along said centerline and its northerly projection to the <br /> centerline of Everett Avenue;Thence west along the centerline of Everett Avenue to its intersection with <br /> 2 <br />