2018/11/07 Council Agenda Packet

EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET PROJECT TITLE: An Ordinance Concerning X Briefing ' COUNCIL BILL# C1810-CJ 1 Exemption from Real Property X Proposed Action Originating Department Planning Taxation for the Development of Consent Contact Person David Stalheim Multifamily Housing in Urban Action Phone Number 425-257-8731 Centers and Designated Residential Target Areas, X First Reading FOR AGENDA OF November 7, Repealing Ordinance No.2347-98 2018 in Accordance with Section 1 of X Second Reading this Ordinance,and Amending X Third Reading Ordinance No. 3390-14 to X Public Hearing Establish Fees for the Processing Budget Advisory Initialed by: of Multifamily Tax Exemptions Department Head Administration Council President p'-E- Location Preceding Action Attachments Department(s)Approval City-wide Multiple ordinances Proposed Ordinance Planning Legal Amount Budgeted -0- Expenditure Required -0- Account Number(s): Budget Remaining -0- Additional Required -0- DETAILED SUMMARY STATEMENT: This ordinance would repeal the current Multifamily Housing Property Tax Exemption regulations and replace with a new ordinance. The new ordinance will: • eliminate the sunset provision of the current ordinance (set to expire at the end of 2018); • expand the urban center and designated target areas to include all of Metro Everett, additional areas within the waterfront, a new expansion along the Snohomish River(aka"Riverfront"), and some minor adjustment to align boundaries in the Evergreen Way Mixed-Use Overlay; • amend affordable housing provisions for the 12-year exemption program to increase the low-income target in Evergreen Way and North Broadway from 50% area median income (AMI)to 60%AMI for 10%of the units, and to add this requirement to Metro Everett; • amend design standards to only require what is set forth in the city's adopted development codes; • amend project size requirements in Evergreen Way,North Broadway and Waterfront to only require 8 new units, consistent with state law; and • amend administrative procedures to change appeals of planning director decisions from going to city council to hearing examiner, and to authorize the planning director to execute tax exemption contracts. RECOMMENDATION(Exact action requested of Council): Adopt an Ordinance repealing existing ordinances establishing an exemption from real property taxation for the development of multifamily housing in urban cent!9 and establishing new provisions, and amending the fee schedule for the review of multifamily exemption applications.