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