2005/11/16 Council Agenda Packet

rii,-.: '7- 060/minA -`, CITY OF EVERETT PLANNING COMMISSION RESOLUTION NO. x905=-/9 A Resolution Recommending that the City Council Approve Amendments to the 2003 Development Agreement Between the Port of Everett and City of Everett for the North Marina Redevelopment WHEREAS, the Planning Commission finds the following: 1. The Everett City Council approved a comprehensive plan amendment and a Planned Development Overlay(PDO)rezone in 2003 to allow the Port of Everett to develop a mixed use residential, commercial, recreational, and marine services project on property known as the North Marina Redevelopment area; and 2. The City of Everett and Port of Everett did execute a Development Agreement concerning the redevelopment of the North Marina Redevelopment area, including a conceptual site development plan and development standards that provided for a maximum building height of 55 feet for residential portions of the proposed development; and 3. Following execution of the development agreement,the Port of Everett and its development partner, Maritime Trust, entered into the detailed design phase to refine their plans for the mixed use development; and 4. Through engineering and environmental studies, the Port of Everett and Maritime Trust discovered a higher ground water table on the subject property than originally understood, causing reconsideration of project design; and 5. The applicant has identified substantial construction materials cost increases for the proposed buildings and public improvements; and 6. The Port of Everett and Maritime Trust revised plan alternatives for the North Marina Redevelopment area to create a more desirable site plan, with improved access and circulation, arrangement of buildings and open spaces; and