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plus an escrow accouz~rt for_ k>i_ke path} would a { 1 <br />i~~ave to be in plac+~ bofaz:e thc~ third bui.Jdinq <br />would receive a rer_tific'a~te of occupancy. <br />'I'h.e developer. stated that rnar_ ket stud ies :i_nd i.cat cad. <br />that this as a vi.a;b_le prajer.t in this aroa anci <br />al_tt~.ou.gh there is ;~ phasing plan, it is the i.ntc~ni_ <br />of t:hc~ deve [ open tc> have the cn t i re project <br />r_ompleted in appro:ximat:el y one year . <br />Mohr stated ghat tlhe General Development: P1 an w.i tYl <br />Homar_t incJ_uding this parc_.el of land was adapted <br />in 1~~4 a:nd a.llow,, for high dcnsi.t:y multi-family <br />development at: this location, Mohr asked >'r.anklin <br />to list t:h_e c.r:iteria for which Council is to <br />cons .der.. for approval of ttt i.s project . F?rankl i.n <br />listed those i.t-:ems ottt l fined by Or_diraance in the <br />Cit:y Munir_.i.pal Cody, concerni.nca .t:ems and i.sstzes t:o <br />be cons:idered in approving any development. coming <br />in for. final P[1D. Those items include 1) <br />consistency with tlhe Comprehensive Plan; 2.) <br />determining if t:he pr.opert:y is in the flood plain <br />ar in an area of s~ubsidenc.e; 3) provision for open <br />space; 4) adequate street design; `~) suff:i.ci.ent: <br />landscape plans and buffering; b) arerrt:at:ion of <br />site and lot: arrangement; acrd '/) compat:fibs l i.ty at <br />bus _l.dings of urro~und:ing dc'ssigns and <br />neighborhoods. <br />Mohr stat.t_~d that staff })r3.:, recommended approval <br />based on t:he fact: that: a1J_ of thF~ <br />requirements/criteria far approval of final P[_1}) <br />for_ t:h i s z>ro jer.t: have been met::.. Mohr asked <br />Franklin if market studies ~.tre t_o be considered . <br />Franklin stated that there are no provisions <br />within t:he C:sty`s code to consider market studies. <br />W i. l l i amson concur. r. red t:hat mar. ket:. ing i.ssuE~:~ ar. e not:. <br />appropriate :issues to review at the PUD stage. <br />1~'err.era st:aged ghat. traff:i.c impact studies were <br />addressed at the time of approval of the General. <br />Development Plan. Franklin concurred sfiat.-.i.ng t:hat <br />the studies r_.ontr_:ibuted to the astablishrnent of <br />the Design Guidelines for Dil.l.on }toad. Densi.t:ies, <br />nu~7rbe.r of uni_t:s and type at land u.;e is <br />established through. the zon_nct and general. <br />deveJ oprrrent plan process . <br />Ferr.er_a stated that it the project. i.s not <br />er.oriorn:ica:lly teasi:b.le the banks wi 1.1 not provi.dE~ <br />the money for the project. Ala ot-.her. quest:ions <br />have beers answered to Ferre~:~.t's satisfact::ion. <br />Socket:t: a;~ked what of:her uses are approved t or <br />t:hi_:; parcel . 1~'rank l i e responded t_h.a t: t:ttis i s a <br />