Ordinance 3675-19 - Laserfiche WebLink

10. RCW 84.14.010 defines areas eligible for designation as "urban centers"where the Multiple Family Property Tax Exemption is intended to be used to stimulate housing development in targeted areas where a mix of uses and adequate urban infrastructure exists. 11. As a planned new mixed use neighborhood, the area lacks sufficient desirable residential housing despite the need for additional housing in Everett. 12. The City has been asked by Riverfront landfill pad's owner to expand the City's Multiple Family Property Tax Exemption program to the Riverfront landfill pad in order to make redevelopment of multiple family housing more viable financially. 13. Expanding the eligible area for the Multiple Family Property Tax Exemption program to include the area will create a financial incentive to develop quality housing as intended by EMC Chapter 3.78. 14. The new area proposed to be included in the Multiple Family Property Tax Exemption program is limited to the Riverfront landfill pad. 15. Certain amendments to EMC Chapter 3.78 are necessary to expand the City's Multiple Family Property Tax Exemption program to this area to encourage the development of housing that will benefit Everett. 16. RCW 84.14.040 requires the City to adopt a Resolution to establish a hearing date, and to provide public notice of the public hearing a minimum of 7 days and not more than 30 days prior to the date the City Council will consider the Ordinance to establish the Riverfront Landfill Urban Center. 17.Notice of the City Council public hearing was provided in the Daily Herald within the time frame required by RCW 84.14.040. WHEREAS,the City Council concludes the following: 1. The notice for public hearing has met the requirements of RCW 84.14.040. 2. The proposed amendments to EMC Chapter 3.78 will encourage the development of desirable residential housing in the planned Riverfront Landfill Urban Center. 3. The areas within the designated urban center area lack sufficient available, attractive, convenient, desirable, and livable residential housing to meet the needs of the public who would be likely to live in the urban center, if such places to live were available. 4. The additional housing opportunity in the targeted area will assist in achieving the stated purposes of RCW 84.14.007,to encourage increased residential opportunities within the targeted area of the city, and stimulate the construction of new multifamily housing that will increase and improve residential opportunities within the urban centers. 5. The proposed amendment is consistent with the policies of the Everett Growth Management Comprehensive Plan and will promote densities called for in this Planned Development Overlay zone. 6. The proposed amendment is consistent with RCW Chapter 84.14. 7. The proposed amendment is in the best long term interests of the Everett community. 2