Ordinance 3613-18 - Laserfiche WebLink

HR-2: Preservation and rehabilitation of historic buildings can add costs for development. The city should include incentives that provide financial benefits to encourage preservation and rehabilitation. These incentives can include: • Special valuation property tax program • Federal new market tax credits • Grants and/or low-interest loans through programs HR-3: Support efforts to promote historic tourism within Metro Everett. Specific actions could include: • Highway (1-5) and other directional signage for Hewitt Avenue National Historic District • Walking and mobile tours of historic buildings and sites • Development of the west end of Hewitt Avenue into a street-end park that includes historical interpretive displays • Historic building plaques Main Street Program There are currently 33 Main Street communities in Washington State. The program helps communities revitalize the economy, appearance and image of the downtown commercial districts. Main Street programs are not run by the city; they are a private, nonprofit endeavor supported by the city. Main Street communities can utilize the tax credit incentive program for Business & Occupation (B & 0) or Public Utility Tax (PUT) credit for private contributions given to eligible downtown organizations. The Main Street Program is organized around four points: • Organization —framework that is well represented by diverse stakeholders • Promotion — creates excitement and vibrancy downtown • Design — enhances the look and feel of the district • Economic Restructuring— looks at current market forces to develop long term solutions HR-4: Encourage the creation of a "Main Street" program for downtown Everett. The Main Street program has been helping communities in Washington State since 1984. Chapter 7, Historic Resources 8 August 29,2018