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8. The areas within the E-1 MUO zoned areas are located in the City's defined urban center <br /> and lack sufficient desirable residential housing at densities supportive of the <br /> comprehensive plan policies and the recent investment in Swift Bus Rapid Transit. <br /> 9. Certain amendments to EMC Chapter 3.78 are necessary to implement the <br /> recommendation of the Evergreen Way Revitalization Plan to add areas within the Mixed <br /> Use Overlay zones to the Multiple Family Property Tax Exemption program. <br /> 10. The Planning Commission has recommended quality development standards that will <br /> ensure that any development receiving the benefit of the Multiple Family Property Tax <br /> Exemption program will provide improvements that benefit the general public as well as <br /> residents of the development. <br /> WHEREAS,the City Council concludes the following: <br /> 1. The notice for the hearing has met the requirements of RCW 84.14.040. <br /> 2. The proposed amendments to EMC Chapter 3.78 will encourage the development of <br /> desirable residential housing in the areas closest to the Swift Bus Rapid Transit stations <br /> along the Evergreen Way corridor, an urban center within the City. <br /> 3. The areas within the E-1 Mixed Use Overlay zone lack sufficient available, attractive, <br /> convenient, desirable, and livable residential housing to meet the needs of the public who <br /> would be likely to live in the urban center, if such places to live were available. <br /> 4. 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 new multifamily housing <br /> that will increase and improve residential opportunities within the city's urban centers; <br /> 5. The proposed amendment is consistent with the policies of the Everett Growth <br /> Management Comprehensive Plan and will promote densities called for in this "high <br /> intensity mixed use corridor." <br /> 6. The proposed amendment is consistent with RCW Chapter 84.14. <br /> 7. 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 1 of Ordinance No. 2347-98, as amended (EMC 3.78.010), which reads as <br /> follows: <br /> 2 <br />