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CITY OF EVERETT' <br /> FISCAL ANALYSIS OF ANNEXATION <br /> Executive Summary <br /> BACKGROUND <br /> This report documents the results of an annexation study conducted by Berk&Associates on behalf of <br /> the City of Everett to assess the fiscal, governance and strategic implications of potential large-scale <br /> annexations. The annexation analysis was conducted by looking at how each potential annexation <br /> might fit within the broader context of the City's long-term fiscal situation, and the economic <br /> development opportunities. <br /> The study included an assessment of six primary annexation areas in the City's Municipal Urban <br /> Growth Area (MUGA) and three optional areas (gap areas) that go beyond the primary areas but are <br /> contiguous to the City's MUGA: <br /> • Emander (MUGA) • Larimer(MUGA) <br /> • North Creek (MUGA) • Lake Stickney (gap area) <br /> • Eastmont (MUGA) • Cathcart (gap area) <br /> • Hilton Lake (MUGA) • Silver Firs (gap area) <br /> • Rugg's Lake (MUGA) <br /> The nine contemplated annexation areas were combined into seven annexation "scenarios," based on <br /> the following criteria: (1) the areas under consideration must have logical geographical boundaries <br /> and be contiguous; and (2) the scenarios must have at least 10,000 population, to ensure receipt of <br /> the State sales tax credit: <br /> • Scenario 1: Emander and North Creek <br /> • Scenario 2: Emander, North Creek, and Lake Stickney (all areas west of City boundary) <br /> • Scenario 3: Eastmont, Hilton Lake, and Rugg's Lake <br /> • Scenario 4: Eastmont, Hilton Lake, Rugg's Lake, and Larimer <br /> • Scenario 5: Eastmont, Hilton Lake, Rugg's Lake, Larimer, Cathcart, and Silver Firs (all areas east <br /> of City boundary) <br /> • Scenario 6: Emander, North Creek, Eastmont, Hilton Lake, Rugg's Lake, Larimer, and Cathcart (all <br /> areas within the UGA) <br /> • Scenario 7: All nine study areas <br />