City Council Study Session Agenda and Packet 2008 02 26

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Opportunity Area #1 includes approximately 165 acres of land located to the east and west sides of Highway 42. There are existing residential entitlements in the Opportunity Area that were created by either annexation agreement or by a General Development Plan as properties were either initially zoned or rezoned subsequent to annexation. The Comprehensive Plan recommended an additional residential land area of 39 acres for an additional 116 residential units. In discussions with the Planning Commission and City Council it was determined that Opportunity Area #1 would receive a residential allocation of 752 units. In September of 2005 Markel Homes submitted preliminary documents for the development of a 73 acre parcel for residential and commercial use. The 73 acres included the Schempp parcel (40 acres) and the Anderson parcel (33 acres) located adjacent to and to the west of the Schempp parcel. The project was approved by City Council in December of 2006 authorizing 350 residential in conjunction with a total of 65,650 square foot of commercial retail. In June of 2007, RMCS, LLC, initiated a land use request for 'Takoda Village. The total land holdings of 64.46 acres are comprised of four ownership parcels located west of Hwy 42. The applicant/owners are requesting authorization of the required land-use entitlements to combine four ownership parcels into one general development plan for the phased development of a residential and commercial development. The development proposes a total of 350 residential units in conjunction with 106,765 square feet of commercial development. Opportunity Area # 2/ Hwy 42 Revitalization Plan The land use principle for Opportunity Area # 2 focuses on the establishment of a healthy and vibrant downtown consisting of a mix of supporting businesses and residences. The area would reflect a diversity of business and a complimentary mix of diverse housing with connections to local and regional public transit. A Transit Development Overlay was incorporated in Opportunity Area #2 over the Hwy 42 Revitalization Area as well as the Downtown. Commercial District. 'This overlay acts to join both the Hwy 42 Revitalization Area and Downtown in a complimentary relationship in support of a proposed commuter rail station and a mix of land uses to support both the station and the downtown district. The Framework Plan recommends a total of 500 residential units within the Opportunity Area. Of that total, a total of 350 dwelling units are allocated to the Highway 42 Revitalization Area located east of the railroad tracks with the majority of those units being medium to high density. The Highway 42 mixed use zoning district and associated design guidelines were approved by the City Council in September of 2007. The proposed zoning code amendments include three primary sections: 1) Mixed Use Residential and Commercial Community Zone Districts; 2) Associated Mixed Use Development Design Standards and Guidelines (MUDDSG); and 3) Industrial Zoning District -Limiting Certain Industrial Uses. The Highway 42 Mixed Use zoning district proposes to establish a range of minimum and maximum development densities (dwelling units per acre (du/ac)). The maximum density provided by the zoning amendment is twenty (20) du/ac, resulting in approximately 350 dwelling units for the redevelopment area. The table provided below was reviewed by the Planning Commission and the City Council as to the potential of number of'residential units based upon density. 2