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the proposal includes transferability of all residential uses between Parcels C and D. <br />Parcels C and D also include 3.6 acres of dedicated trail corridor. <br />Parcel C is intended to serve as a pedestrian oriented mixed -use development and <br />the GDP includes Design Guidelines for on street parking, intent for a north -south <br />main street with enhanced pedestrian streetscape amenities, maximum building <br />setbacks to support the pedestrian streetscape and a public plaza with a minimum <br />area of two acres. <br />The proposal includes restricting a minimum of 224 of the 900 residential units for <br />affordability for renters with incomes at 60% of the County Average Median Income, <br />with such restriction expiring after 40 years. The proposal for 224 affordable units <br />equals 10% of all housing units proposed with the development. In 2017, the City <br />endorsed the Boulder County Regional Housing Partnership strategy to achieve <br />12% affordable housing regionally by 2035. This proposal would help to implement <br />this regional strategy. <br />The applicant proposes that following issuance of building permits for the first 300 <br />residential units, the next 300 units may only be issued after 250,000 square feet of <br />commercial development within Parcels C, D and E is constructed and receives <br />certificates of occupancy with a minimum of 10,000 sq. ft. being retail development. <br />This concurrency requirement is intended to meet the City policies for fiscal balance <br />of the development. <br />Figure 2: Redtail Ridge Parcel Layout <br />Parcel P <br />The proposed use of <br />Parcel F is for open <br />space and also meets <br />the requirements for a <br />buffer between <br />development on the <br />subject property and <br />development on <br />Paradise Lane in <br />Boulder County under <br />the Intergovernmental <br />Agreement, Southeast <br />Boulder County, South <br />96th Street, Dillon Road, <br />and US 287 Area <br />Comprehensive <br />Development Plan (see <br />Attachment No. 3, <br />Exhibit A to Agreement, <br />Section 4.17). <br />FD <br />�,.. <br />LEGEND <br />=0E V4 LOPIVIMT AAEAS W PUBL+G PURPOSE EASEHEKT6 <br />moveY 5R r4 kI,VM'C IRNOI CONSERVATION EA&EMEWT6 <br />-PARPLS MUELIC ANRI IOSF-SITEI. <br />TRAIL VORR66R IPUBU <br />PAA' Et LABEL <br />PUBLIC SOFT+ IPVELIC LANUI EU56REA B"NOMY •"`�i ��\1��' �41 <br />ENGUMBE PEO EASEMENTS 7+ffl <br />1 <br />Redtail Ridge Comprehensive Plan and GDP Amendments <br />PC — June 11, 2020 <br />Page 5 of 32 <br />14 <br />