Resolution 5167 - Laserfiche WebLink

27. On December 20, 2001, the City, the Everett PFD, Snohomish County, and the Snohomish County PFD entered into an Interlocal Agreement for the development of the Regional Center at the Hewitt Avenue Site which: committed the parties to a timeline for commencement of construction by March 1, 2002; committed the City to complete acquisition of and lease of the Hewitt Avenue Site to the PFD; committed the County PFD to support the debt service on not less than$7 million for the development of the Regional Center; and committed the County to enter into a lease for the PFD's use of the existing and proposed future County parking garages in the vicinity of the Hewitt Avenue Site for Regional Center events. 28. On December 18, 2001, the Hearing Examiner issued a decision granting a special use permit and a height variance for the proposed Regional Center at the Hewitt Avenue Site. No appeal of the Hearing Examiner's decision was made. 29. On February 13, 2002, after lengthy negotiations with the PFD, the City Council approved Ordinance No. 2587-02, authorizing an Interlocal Financing Agreement with the PFD that sets forth the terms and conditions under which the PFD will finance, design, construct, operate, and maintain the Regional Center at the Hewitt Avenue Site with the assistance of the City. 30. On February 13, 2002, after lengthy negotiations with the PFD, the City Council authorized a Ground Lease between the City and the PFD whereby the City leases the Hewitt Avenue Site to the PFD for construction and operation of the Regional Center for a term not to exceed thirty(30) years,pursuant to the rental obligations set forth in the Lease, with the City's right, at termination, to take title to the Regional Center without payment of additional consideration. 31. On February 13, 2002, in response to citizen comment on the impacts of the Regional Center at the Hewitt Avenue Site,the City Council adopted Resolution No. 5156, authorizing the expenditure of up to $6 million dollars to redesign the façade of the Regional Center, to add public space to the Regional Center, and to accomplish other design changes at the Regional Center. 32. To date, the City has advanced approximately$700,000 for consultant and professional fees, studies and other expenses associated with the development of the Regional Center and spent in excess of$12 million for the acquisition of properties and the relocation of businesses at the Hewitt Avenue Site. 33. The PFD has,pursuant to RCW 35.57.040(1)(d) and RCW 82.14.390, made arrangements to secure for the PFD the transfer of sales and use taxes that would otherwise be paid over to the Washington State Department of Revenue so that such funds can be used for the development of the Regional Center. S:\JIles\WINWORD\resolution re.initiative.doc 5