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• RESOLUTION NO. 6822 Z TT <br /> A Resolution declaring the City's intention to designate a North Broadway <br /> Urban Center under the Multiple Family Property Tax Exemption <br /> provisions of RCW Chapter 84.14,and setting February 25,2015 as the date <br /> for a public hearing. <br /> WHEREAS,the City Council finds the following: <br /> 1. RCW Chapter 84.14 provides for the establishment of"urban centers"in which <br /> qualifying multiple family housing developments are exempt from the payment of <br /> property taxes for a limited period of time. <br /> 2. It is the purpose of RCW Chapter 84.14 to encourage increased residential opportunities, <br /> and to stimulate the construction of new multifamily housing,including affordable <br /> housing, in urban centers having insufficient housing opportunities. <br /> 3. RCW 84.14.040 requires a city to adopt a Resolution declaring its intention to designate <br /> an urban center under RCW Chapter 84.14 and establish the time and place of a hearing <br /> to be held for such purposes. <br /> NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF EVERETT DOES HEREBY <br /> RESOLVE THE FOLLOWING: <br /> 1. A Public Hearing will be held on Wednesday,February 25,2015, at the regular meeting <br /> of the City Council,which begins at 12:30 pm, in the City Council Chambers of the <br /> William E.Moore Historic City Hall, 3002 Wetmore Avenue. <br /> 2. A map identifying the area proposed to be designated as an urban center is attached <br /> hereto as Exhibit A. <br /> 40t/A1/ /I/ft./ 16 <br /> Cozen e�fiber Introducing Resolution Date <br /> /1 <br /> 1/// A. <br /> its- (oureil President / <br />