2013/01/09 Council Agenda Packet

4 Exhibit A to Ordinance No. Central Waterfront Redevelopment Plan Shoreline Public Access Plan designates a shoreline trail through this property as part of the long term plan to develop a continuous shoreline trail along the Snohomish River (See Figure H). Kimberly-Clark has not had any major shoreline permits issued since adoption of the current SMP in 2002. However, a 1993 Shoreline Substantial Development Permit for the Cogeneration Facility with Snohomish PUD No. 1 required construction of an off-site viewing platform along the bluff at 22nd Street, including dedication of 4 lots. I. Proposed Land Use Regulations and Development Standards for Alternatives The draft alternatives included a comparison matrix that spelled out changes to permitted uses and the potential changes to development standards under each of the 4 land use alternatives. A SERA Addendum to the SEIS for the 10 -Year Comprehensive Plan Update evaluated the impacts of the four alternatives and addressed potential mitigation measures to further reduce the impacts of development in the Central Waterfront Planning Area. This information was used by the Planning Conunission to give staff direction for developing a Preferred Alternative. See Section 2 for the land use regulations for the Preferred Alternative. J. Economic Analysis of Alternatives The Economic Report prepared by Property Counselors (see Appendix 6) was developed prior to the development of the 4 land use alternatives. The City's consultant identified those uses that are likely to be economically viable on the Central Waterfront. Several economic concepts were identified that do not match precisely the land use alternatives described in this draft. However, all of the economic concepts evaluated in the economic report can be realized under the 4 land use alternatives. Rather than attempt to revise the economic concepts, this section will explain how they would be possible under the draft land use alternatives. The staff / consultant team has developed 4 alternative land use / public access scenarios for consideration and evaluation for the planning process. The 4 land use alternatives do not match precisely the 4 economic concepts identified in the economic report. However, the analysis of the 4 economic concepts would generally be consistent with the land use alternatives as described below: 1. The "Water -dependent industrial use for the entire site" economic concept is very similar to both Land Use Alternative #1 (Existing Regulations) and Land Use Alternative #2 (Water -dependent and Heavy Industrial). 2. The "Non -water -dependent use on entire site" economic concept is very similar to Land Use Alternative #3 (Business Park and Public Access). is 116