2003/03/26 Council Agenda Packet

• SCT and others will compare the collective totals with OFM population ranges. • SCT Steering Committee will make recommendations to the County Council. • County Council will adopt the initial 2025 growth targets into the CPPs. • Cities and County will revise their plans to accommodate the 2025 growth. • A reconciliation process will settle any differences. • Following reconciliation,the County Council takes final action on the targets. Everett's Population Target: The following is the preliminary target population range for Everett's city limits. Our task is to review the range and recommend a specific 2025-population target. Current: 2002 Population 96,070 Projected: 2025 Low Pop. 123,060 (26,990+ 22% growth) 2025 High Pop. 139,510 (43,440+31% growth) Proposed Target Population: 123,060 Rationale: We have less vacant land available for residential use today than we did in 1992. Redevelopment will have to play a significant part of reaching the population growth targets. This redevelopment will have to be in areas now being reviewed by the Planning Commission like the North Marina Project and the Everett Station area. Additionally the downtown area and along the commercial corridors like Broadway Ave, Everett Mall Way, and Evergreen Way. At this time without more detailed analysis and policy discussion the low number for population is recommended. Employment Targets: The employment figures for Everett(within current City boundaries) are as follows: Current: Estimated Everett Employment 2000: 81,117 Projected: Low employment estimate for 2025: 113,480 (32,363 +40% growth) High employment estimate for 2025: 130,340 (49,223-+60% growth) Proposed Employment Target: 130,340 Rationale: Everett enjoys an industrial land base and employers with underutilized capacity for employment growth within their existing facilities. Everett also has areas for redevelopment where job growth could happen. We have more capacity for jobs than we do for population as shown in the Everett Buildable Lands Report. We think the higher number for employment is reasonable based on the land availability and redevelopment potential. The question is the economic engine to make this happen is beyond our control and relates to the world economy. We are heavily dependent on how the world economy grows in the future. We are very dependent on the world demand for products and services produced by Everett businesses. As a target, the higher S:\DKoenig\City Council\City Council 2025 population staff report.doc 3