Ordinance 3613-18 - Laserfiche WebLink

Budget Note: Transportation impact fees go to improve the capacity of the city's transportation system. In many cases, this reduction could be obtained by development if they provided the studies to demonstrate reduced traffic. b) Impact Fee Deferral. The Metro Everett Plan recommends financial incentives that would allow payment of impact fees to be deferred for high-density (7 or more stories) of mixed-use development. The program could be modeled on the single-family impact fee deferral program. See EMC 18.36, 18.40 and 18.44. Budget Note: Fees would still be collected, but their point of collection is moved back to occupancy of the structure, sale of the property, or 18 months after permit issuance, whichever occurs first. The revenue loss would amount to any interest gained during that 18 month period. Tell Everett's Story Market and create a "buzz" about what is happening in Everett: • the new Metro Everett Plan; • new development and private investment that is changing Everett; • the development incentives available; • the support from the Mayor and Council; • the public investment that has been made or is scheduled; • the opportunities for development; • and most importantly, tell your compelling story and vision for development. Don't be shy about the support for development and the commitment to Everett's vision. Developers want to develop in locations they are welcomed and can readily observe the local government wanting to be a partner in a development that is larger than a single development. Develop marketing materials that adequately describe Everett's vision in both words and images. Appendix A,Implementation 5 August 29,2018