4908 S 4TH AVE 2018-01-02 MF Import

Finding: As proposed in the Wetland Mitigation study, mitigation measures would include the following: • Welland buffer enhancement for the wetland on the abutting parcel to the north. • Buffer enhancement would include removal of blackberry plants and planting of fast-growing native plants, such as cedar, fir, dogwood and red elderberry. Conclusion: Adequate mitigation of project impacts can be provided. III. ADDITIONAL FINDINGS ON TRANSFER OF DEVELOPMENT RIGHTS: If the City determines that a reasonable economic use of the lot or lots cannot be provided under Subsections 37.050.B.3 of the Zoning Code, the City may authorize a transfer of development rights (TOR). A TOR may only occur after review of a reasonable use application. TOR means that the City severs the development rights from the fee interest and permits the owner of the restricted party to either transfer an authorized portion of the development rights in that property to another lot owned by the restricted party, or to sell an authorized portion of the rights to owners of land who can use such rights in accordance with Subsection 37.050.B.3 of the Zoning Code. Subsection 37.150.B.3 of the Zoning Code describes the process for implementation of TDRs. It is anticipated that the transfer would be applied through the land use and environmental review of a proposed development on the receiving property. In this case the development credit for each of the four parcels will be one credit, for a total of four (4) TOR credits. The credits will authorize construction of up to four dwelling units either in the form of single-family dwellings, or four units within duplex, townhouse, or multifamily structures). This credit may be used for a receiving property that meets the criteria in EMC Chapter 19.37.050.B.3. Please note that a formal land use decision must be issued for development of a receiving property and implementation of the TOR credits. This decision does not constitute an approval to construct units on any receiving property. A TOR will result in placement of an environmentally sensitive area covenant and deed restriction on future use of the original property. IV. DECISION: The Planning Director hereby approves the requested reasonable use of parcel No. 3-027 and Transfer of Development rights for the remaining four lots fronting on South 4'" Street. The following conditions and limitations will apply: 1. The TOR shall consist of four residential dwelling units (single-family, duplex, townhouse, or multiple family) as permitted in Subsection 39.150.B.3.0. 2. The TOR can only be implemented after review of a development proposal by the City. 3. Transfer of TOR to different ownership — The TOR authorized by this decision may be transferred to a different owner as approved by the City in accordance with Subsection 37.050.B.3.c of the Zoning Code t_9 2930 Wetmore, Suite 8-A, (Everett, \VA 98201-4044 'M (425) 257-8731, Fax (425) 257-8742