Ordinance 3428-15 - Laserfiche WebLink

0,1fr 411170,„? ORDINANCE NO. 3428-15 An Ordinance Adding the "North Broadway Urban Center" to the Multiple Family Property Tax Exemption program, and Amending Ordinance No. 2347-98, as amended (EMC Chapter 3.78) WHEREAS, the City Council finds the following: 1. The City of Everett has adopted an Institutional Overlay Zone for the Everett Community College (ECC) owned properties and several private properties located in close proximity to the college, which designate the areas within the overlay zone for college and college- related uses. 2. The City has determined that student housing is a college related use under the Institutional Overlay Zone. 3. The City of Everett established a new Broadway Mixed Use (BMU) zone in 2008 and rezoned the Broadway corridor to be included in the BMU zone. 4. The purpose of the BMU zone, as stated in the Zoning Code, is, in part, to encourage a lively business district with a mixture of uses, including higher density residential use. 5. The enrollment at ECC has been growing, but with a limited inventory of housing available near the campus, most students must travel to the campus, including students who must drive and park either on campus or who may also be parking in the residential neighborhood surrounding the college. 6. ECC is interested in the development of additional housing in proximity to its campus, in part to reduce the proportion of students who must commute to the campus. 7. Washington State University(WSU)has established a presence on the ECC campus, and is pursuing funding for additional student facilities and programs, which will create a need for additional student housing near the campus. 8. There are several vacant and blighted commercial properties in the north Broadway corridor, between 7th Street and 13th Street, which are in need of new investment and redevelopment in order to benefit the local neighborhood and greater Everett community. 9. Everett Transit has a transit station located on the ECC campus which serves the college and surrounding neighborhood. 10. The adopted Everett Growth Management Comprehensive Plan designates Broadway as a high intensity mixed use corridor and encourages a greater density of housing development in proximity to transit facilities.