Ordinance 3271-12 - Laserfiche WebLink

C. The tax incentive provided by Chapter 84.14 RCW will stimulate the creation of new and enhanced residential structures within the city's urban center, benefiting and promoting the public health, safety and welfare by encouraging residential redevelopment. D. This housing tax-incentive program also would promote further economic development and enhanced public safety in the city's urban center by creating an influx of new residents who will utilize urban services, stimulate re-development consistent with the policies of the Everett Growth Management Comprehensive Plan, and encourage increased residential opportunities. E. The providing of additional housing opportunity in the residential targeted area described in Section 3.78.159 meets the requirements of Chapter 84.14 RCW. F. The notice of hearing given for the designation of the residential targeted area and the adoption of this chapter meets the requirements of RCW 84.14.040. Section 2. Section 3 of Ordinance No. 2347-98, as amended (EMC Chapter 3.78.030.L), definition of "Residential targeted area", which reads as follows: "Residential targeted area"means the area within or coterminous with the city's urban center that has been designated by the city council as the residential targeted area in accordance with this chapter and Chapter 84.14 RCW as found by the city council to be lacking sufficient available, convenient, attractive, livable, and desirable residential housing to meet the needs of the public. is hereby amended to read as follows: "Residential targeted area"means the areas within or coterminous with the city's urban center as defined in this chapter that have been designated by the city council as the residential targeted area in accordance with this chapter and Chapter 84.14 RCW as found by the city council to be lacking sufficient available, convenient, attractive, livable, and desirable residential housing to meet the needs of the public. Section 3. Section 3 of Ordinance No. 2347-98, as amended (EMC Chapter 3.78.030.M, Definition of"Urban center"), which reads as follows: "Urban center" means the compact identifiable district in the city center as described in Section 3.78.150 of this chapter, where urban residents may obtain a variety of products and services including, but not limited to, shops, offices, banks, restaurants, governmental agencies and a mixture of uses and activities that may include housing, recreation, and cultural activities in association with either commercial or office, or both uses. is hereby amended to read as follows: 4