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EVERETT 2044 <br />DEVELOPMENT REGULATIONS <br /> <br /> <br />6/17/2025 <br />DEVELOPMENT REGULATIONS <br />Page 129 <br />1. The locatfon of the affordable housing units shall be intermingled with all other dwelling units 1 <br />within the development, with no more than three affordable units next to each other. 2 <br />2. The tenure (ownership or rental) of the affordable housing units shall be the same as the 3 <br />tenure for the rest of the housing units in the development. 4 <br />3. The bedroom mix of affordable housing units in any project shall be in the same ratfo as the 5 <br />bedroom mix of the market rate units of the project; 6 <br />4. The floor area of the affordable housing units shall not be less than 90 percent of the average 7 <br />gross floor area of the market rate units within the project with the same number of bedrooms; 8 <br />and 9 <br />5. The exterior materials, interior materials, and design of the affordable housing units must be 10 <br />comparable with the other dwelling units in the development, with similarity in building finishes, 11 <br />rooflines, and landscaping. 12 <br />6. Constructfon of the affordable housing units shall be concurrent with the constructfon of 13 <br />market-rate dwelling units 14 <br />F. Alternatfve compliance. The Planning Director may approve a request for satfsfying all or part of the 15 <br />affordable housing requirements with a fee in lieu equal to fifteen dollars per square foot of gross floor 16 <br />area subject to this sectfon. A fee in lieu under this subsectfon may be deferred under subsectfon EMC 17 <br />19.09.070(G). 18 <br />G. Deferred fee in lieu. A fee in lieu under subsectfon EMC 19.09.070(F) may be deferred untfl six months 19 <br />after a certfficate of occupancy is issued for a dwelling unit subject to this sectfon. 20 <br />1. An applicant seeking a deferral under this subsectfon (G) may be required to grant and record 21 <br />a deferred fee lien against the property in favor of the city in the amount of the deferred fee. 22 <br />The deferred fee lien, which must include the legal descriptfon, tax account number, and address 23 <br />of the property, must also be: 24 <br />a. In a form approved by the city; 25 <br />b. Signed by all owners of the property, with all signatures acknowledged as required for 26 <br />a deed, and recorded in Snohomish County; 27 <br />c. Binding on all successors in tftle after the recordatfon; and 28 <br />d. Junior and subordinate to one mortgage for the purpose of constructfon upon the 29 <br />same real property granted by the person who applied for the deferral of impact fees. 30 <br />2. Upon receipt of final payment of all deferred fees for a property, the county, city, or town 31 <br />must execute a release of deferred impact fee lien for the property. The property owner at the 32 <br />tfme of the release, at the property owner’s expense, is responsible for recording the lien 33 <br />release. 34 <br />3. The extfnguishment of a deferred impact fee lien by the foreclosure of a lien having priority 35 <br />does not affect the obligatfon to pay the impact fees as a conditfon of final inspectfon, certfficate 36 <br />of occupancy, or equivalent certfficatfon, or at the tfme of closing of the first sale. 37