Ordinance 3454-15 with Exhibits A- C

EVERETT COMPREHENSIVE PLAN Transit adopted an update to its long-range plan indicating that the light rail alignment from Lynnwood to Everett would serve southwest Everett and downtown. 1. Port The Port of Everett's long-term plans foresee an increase in Port activity and development. Seaports are a critical component of the regional, state and national economies as they are a vital link in the transportation network for the economic export and import of goods and materials. The Port of Everett's deep -water marine terminals on Port Gardner Bay are an important component in the marine transportation network on the West Coast, and have the capacity and the potential to play an even greater role. However, to maximize that capacity and potential role, it will be very important for the Port to be able to eventually expand its existing deep -water marine terminals into this last remaining deep -water location. Planning, financing, permitting, and construction of major deep marine terminal facilities almost always require years to complete. In the case of the Port's shipping facilities, environmental remediation will be a key piece of any major capital project. The City's Comprehensive Plan Marine Port element recognizes the Port will need to expand to keep pace with the changing shipping industry. The Port had already taken some modest measures to position itself as a multi-purpose niche container and break -bulk port by the re -commissioning of the two ship -to -shore gantry cranes at Pacific Terminal, investments in rolling stock, and a heavy -lift rubber -tired harbor crane, designed to efficiently handle both containerized and break -bulk cargoes. The Port Commission adopted the Marine Terminals Master Plan in 2008 that built upon the Port's recent success in handling niche cargoes while recognizing the operational and community constraints of its uplands. To continue to support the growing aerospace and project cargo demands, larger berths are required to support the transition to larger vessels, which need berth lengths in excess of 1,200 feet. Since 2008 when the MTMP was adopted, the size of the typical cargo vessel has continued to increase. Panamax class vessels also continue to increase in size. A Panamax vessel is now defined to include a length of up to 965 feet. This is longer than the length of the MTMP planned expansion of South Terminal. Also of significance, because of the expansion of the Panama Canal now underway, the Panama Canal Authority has established a new category to define larger cargo vessels that will be able to transit the expanded canal. This category is called New Panamax. It will include ships up to 1,200 feet in length and 161 feet wide. Additional dockside terminal land area is also needed to stage and handle the increasing cargo volume generated by these increasingly larger ships as well as the cargo handling equipment to support them. On the recreational side, the Port is pursuing the mixed-use development called Waterfront Place Central. The intent of the project is to unify the marina and surrounding property as one economic unit to create a sustainable and unique commercial, recreation and residential community. This new community is pedestrian -oriented and takes full advantage of its attractive waterfront and recreational boating setting. It also supports the final phases of the Port's state- of-the-art regional boat sales and services center in the state's largest marina. When fully realized, the Waterfront Place Development is expected to generate 2,075 family - wage jobs. The project's private development will generate $8.6 million annually in state and local sales taxes; in addition to the temporary construction jobs, sales tax and building permit revenues. ECONOMIC DEVELOPMENT ELEMENT