Description of Improvements
"To address the City of Lake Steven's need for economic development as outlined in the Comprehensive Plan, the City of Lake Stevens has signed a development agreement with Costco Wholesale to construct a 160,000 square foot membership wholesale warehouse and fueling station on the southwest corner of 20th St SE and SR 9 in the 20th St SE Corridor of Lake Stevens.
As part of the development agreement, this project is to construct a new roadway, 91st Ave SE (north-south segment) and 24th St SE (east-west segment), which will provide sole access to the planned Costco. This new roadway also satisfies the needs outlined in the 20th St SE Corridor Subarea Plan by completing a larger road network, and extending 91st Ave SE south of 20th St SE and connecting to SR 9 and S Lake Stevens Rd. In alignment with the City's multimodal goals, the new 30 MPH roadway will have 10-foot sidewalks and a 4-foot landscaped buffer, and allow for safe vehicle and pedestrian access to the new development. A transit stop is anticipated to be installed on 24th St SE after the project is constructed, once Community Transit has completed their needs assessment. The project also includes a realignment of a portion of S Lake Stevens Rd, which is in response to the proposed WSDOT SR 9 / 24th St SE roundabout project. Each of these street segments, and the roundabout, are critical links that support the transportation network around the redevelopment. S Lake Stevens Rd, however, is considered a noneligible cost due to the lack of sidewalks on this segment.
The City has invested over $14 million so far into adjacent projects within the 20th St SE Corridor Subarea, including widening the 20th St SE corridor (between 75th Ave SE and 91st Ave SE), and the projects shown in Exhibit Z. The City has partnered with Lake Stevens Sewer District, Snohomish County PUD, the City of Everett, WSDOT and developers like Costco to fulfill these goals."