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3 <br /> City can determine if such a TDR program is in the best long term interests of <br /> the City. <br /> 5. The Regional TDR program that can use tax increment financing to fund <br /> infrastructure improvements in designated TDR receiving areas is not likely <br /> to be a viable tool in the City of Everett as currently authorized by State law. <br /> NOW,THEREFORE,THE CITY DOES HEREBY RESOLVE THE FOLLOWING: <br /> 1. City staff is directed to initiate contact with Snohomish County to determine how <br /> an interjurisdictional TDR program could work in a manner that benefits both <br /> jurisdictions. <br /> 2. City staff is further directed to report the results of discussions between the <br /> City and County to the Planning Commission and City Council. <br /> 3. If the City Council decides to initiate consideration of the TDR program, a <br /> public outreach effort with neighborhoods that may be designated as <br /> receiving areas will be initiated to help determine if the program is in the best <br /> long term interests of the City. <br /> Councilmember Introducing Resolution Date <br /> City Council President <br /> 3 <br /> 21 <br />