3.38.050 Residential targeted areas – Criteria – Designation – Rescission

3.38.050 Residential targeted areas – Criteria – Designation – Rescission.

A. Following notice and public hearing as prescribed in RCW 84.14.040 (now or as hereafter amended), the City Council may designate one or more Residential Targeted Areas, in addition to the areas stated in subsection D of this section, upon a finding by the City Council in its sole discretion that the Residential Targeted Area meets the following criteria:

1. The Residential Targeted Area is within an urban center as defined by Chapter 84.14 RCW or as hereafter amended;

2. The Residential Targeted Area lacks sufficient available, desirable and convenient residential housing, including affordable housing, to meet the needs of the public who would be likely to live in the urban center if the affordable, desirable, attractive and livable residences were available; and

3. Providing additional housing opportunity in the Residential Targeted Area will assist in achieving one or more of the following purposes:

a. Encourage increased multifamily residential opportunities within the City; or

b. Stimulate the construction of new affordable multifamily rental housing.

B. In designating a Residential Targeted Area, the City Council may also consider other factors, including:

1. Whether additional housing in the Residential Targeted Area will attract and maintain an increase in the number of permanent residents;

2. Whether providing additional housing opportunities for low and moderate income households would meet the needs of individuals likely to live in the area if affordable residences were available;

3. Whether an increased permanent residential population in the Residential Targeted Area will help to achieve the planning goals mandated by the Growth Management Act under Chapter 36.70A RCW, as implemented through the City’s Comprehensive Plan; or

4. Whether encouraging additional housing in the Residential Targeted Area supports plans for significant public investment in public transit or a better jobs and housing balance.

C. The City Council may, by ordinance, in its sole discretion, amend or rescind the designation of a Residential Targeted Area pursuant to the same procedural requirements as set forth in this chapter for the original designation.

D. The following areas, as shown in Maps 1 through 3 in this section, meet the criteria of this chapter for Residential Targeted Areas and are designated as such:

1. Downtown;

2. Overlake Village; and

3. Marymoor.

E. If a part of any legal lot is within a residential targeted area as shown in Maps 1 through 3 in this section, then the entire lot shall be deemed to lie within such Residential Targeted Area. (Ord. 2892 § 3 (part), 2017).