Resolution 6481 - Laserfiche WebLink

CITY OF EVERETT RESOLUTION NO. 6481 A Resolution of Intent to Establish "Urban Centers" Under RCW Chapter 84.14, and Setting April 18, 2012, as the Date for the City Council Public Hearing. WHEREAS, the City Council finds the following: 1. The City Council initiated preparation of the Evergreen Way Revitalization Plan in 2009 to address, among other matters, improving land use and development standards, supporting Swift Bus Rapid Transit investments, accommodating economic and population growth, and implementing the policies of the Comprehensive Plan. 2. The City engaged the services of an economist to evaluate the economic viability of different land uses for the Evergreen Way corridor, including residential and mixed use development. 3. The economic analysis found that residential and mixed use redevelopment on Evergreen Way would be substantially more viable with a range of incentives not currently available in Everett's municipal code. 4. The economic analysis recommends that the City extend the Multiple Family Property Tax Exemption allowed under RCW 84.14 to the areas near the Swift Bus Rapid Transit stations, which are proposed to be rezoned to E -1 MUO (Mixed Use Overlay). 5. RCW 84.14.040 requires the City Council to adopt a Resolution of Intent to establish "urban centers" for the purpose of establishing the Multiple Family Property Tax Exemption, and to follow specific procedures regarding notice for public hearings. NOW, THEREFORE, THE CITY COUNCIL HEREBY RESOLVES THE FOLLOWING: Section 1. Intent to Establish Urban Centers. The City hereby declares its intent to designate the areas within the Evergreen Way corridor that are proposed to be rezoned to E -1 MUO (Mixed Use Overlay), the locations of which are depicted in the attached Exhibit A, as urban centers, as provided by RCW 84.14.040.