2019/03/27 Council Agenda Packet

EXHIBIT 1 Buildable Lands Report Capacity After Reductions in 2012 City Limits 52,280 2035 Redevelopable with 25%Reduction 1,158 Total Employment Capacity Based on Buildable Lands Assumptions 147,177 The Comprehensive Plan adopted by City Council in 2015 included population and employment capacities in the current city limits and the areas outside the city but within the City's Municipal Urban.Growth Area(MUGA). Based on this analysis,Everett has sufficient population and employment capacity within the City limits to meet the Alternative 1 growth targets for the City limits. Snohomish County's adopted targets within the MUGA provide sufficient capacity to meet the County Council adopted initial growth targets. 2. Consistency with Snohomish County Tomorrow Population and Employment Allocations The City's 2035 growth targets are consistent with the City Council adopted preliminary growth targets. There is sufficient land use capacity within the city limits to accommodate the very high growth assumptions of the Vision 2040 Regional Growth Strategy,but the City believes it is unlikely that all of the factors and actions needed to support the growth guidance of the RGS will align to allow Everett to realize such high levels of growth. The city and MUGA growth targets are combined in the table below to show the growth targets for the entire Everett Planning Area. Table 8: Adopted Population and Employment Targets for 2035 City Limits Unincorporated MUGA Everett Planning Area Conditional Target 165,000 47,156 212,156 Population Default Target 143,000 • 47,156 190,156 Employment 14o,000 8,324 148,324 The City will continue to monitor growth in Everett,and if the City is not on path to achieve the Conditional population target by the next periodic update of the Comprehensive Plan,the City will coordinate with Snohomish County,its cities,and PSRC to ensure that Everett's growth targets are supportive of achieving the Regional Growth Strategy in effect at that time. III. EVERETTS LAND USE CONCEPT aftd-The City Council selected a"Preferred Alternative"with both a Conditional Population Growth Target,which most closely resembles Alternative 1,and a Default Population Growth Target,which most closely resembles Alternative-2-City_council Preliminary_Growth Targets for the City of_Everett. The Employment Growth Targets . _ are identical for both alternatives. A. REGIONAL HIGH CAPACITY TRANSIT SYSTEM EXTENSION TO EVERETT Everett's 2o351and use concept--: :: .-- -" - - - : -. - - - - . -- - . . - :- . 'ncludes light rail stations located in several critical redevelopment areas that will be transformed by.investment in high density mixed use transit oriented neighborhoods: -- _ - -- - - -- - - = - . . investment in light rail. The land use concept for the City's 2035 comprehensive plan includes the following assumptions: LAND USE ELEMENT Amendment (3-6-19) 10 Ex.1-Page 10 39