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1 <br /> 1 <br /> Section 4. The residential targeted area in which the property tax exemption shall apply is the <br /> area within the Waterfront Place Urban Center depicted on Exhibit D of this ordinance labeled as <br /> pproximatte Boundary of Tax Exempt Area," which is proposed Parcel A9 and Parcel A 10 of a <br /> tentative Binding Site Plan and which comprises a portion of Section 13 of T.29N,R. SE, <br /> situated in the city of Everett, Washington. However, the residential targeted area and its <br /> property tax exemption shall not become effective until a Binding Site Plan is recorded with the <br /> Snohomish County Auditor, and a legal description of the recorded parcels within the residential <br /> targeted area is provided to the City Clerk and approved by the Planning Director. Such approval <br /> shall not be given if any of parcels so legally described are located outside of the area marked as <br /> "Approximate Boundary of Tax Exempt Area" in Exhibit D to this ordinance. Upon such <br /> approval, the legal description of the residential targeted area parcels shall be added to the <br /> codified version of Exhibit D to this ordinance. Accordingly, Section 15.D of Ordinance No. <br /> 2347-98, as amended (EMC 3.78.070.D),which reads as follows: <br /> D. Residential Targeted Area Designated. The areas hereby declared to be the residential <br /> targeted area of the city of Everett are the areas depicted on Exhibits A, B and C,which are <br /> attached to the ordinances codified in this section, and which are legally described in subsections <br /> A, B and C of this section. <br /> is hereby amended to read as follows, and shall be codified as EMC 3.73.150.E: <br /> E. Residential Targeted Area-Designated. The areas hereby declared to be the residential <br /> targeted area of the city of Everett are: <br /> (1)the areas depicted on Exhibits A, B and C, which are attached to the ordinances <br /> codified in this section, and which are legally described in subsections A, B and C of this section, <br /> and <br /> (2)the area depicted as the Tax Exempt Area in Exhibit D to this ordinance. <br /> Section 5. Seyerabilit Should any section, paragraph, clause or phrase of this Ordinance, <br /> or its application to any person or circumstance, be declared unconstitutional or otherwise invalid <br /> for any reason, or should any portion of this Ordinance be pre-empted by state or federal law or <br /> eaulatiol? ., this shall not affect the validity of the r'_maining portions of this Ordinance or its <br /> application to other persons or circumstances. <br /> 5 a con lift: in die e',_ill .heie is "i ' i.:. !, `en the ,;r0', ,si01?S of 1, t_. `;rr';,?,^i!C- <br /> (,12L <br /> 1 <br />