Ordinance 3613-18 - Laserfiche WebLink

Permitting and Financial Incentives Leland Consulting Group (LCG) did suggest some strategies to ensure that the right development is encouraged. E-1 2: Reduce the time and cost for development through the following actions: • Modify environmental review (SEPA) process to encourage infill development • Expand the multifamily tax exemption area to include all of Metro Everett • Transportation impact fees should take into account reduced trips in Metro Everett through revised fee • Allow the payment of impact fees to be deferred for high-density (7 or more stories) mixed-use development. The program can be modeled on the single-family impact fee deferral program. E-1 3: The city provides a business and occupation tax incentive for employers that create 50 or more full time jobs. To encourage more employment in Metro Everett, including small business, amend this provision to provide the incentive for business that creates ten (I 0) or more new full time jobs. E-1 4: Development regulations should be clear and flexible to allow for a variety of residential and commercial uses. E-1 5: Review, and revise as necessary, parking requirements to reduce development costs and support other modes of transportation. E-1 6: To encourage commercial development, consider reductions to fees and capital facility charges provided the fee reduction is equal to or meets a defined percentage of any tenant improvements. This incentive might help preserve historic buildings and over time, provide a return of additional tax to the city beyond the value of the fee reduction. E-I 7: The city should encourage amendment of building codes to allow the use of cross-laminated timber, which can help the city achieve the mix of heights, densities, and designs it wants. . E-1 8: Census Tracts 402 and 407 have been designated as Opportunity Zones to incentivize private investment into low- income areas. The city will support projects that lead to positive outcomes including housing stability, education, health and well-being, economic security and mobility within these census tracts Chapter 9, Economic Opportunities 6 August 29,2018