| | | | | | | | | Date: | August 21, 2018
| Agenda Item #: VII.D. | To:
| Mayor and City Council
| Item Type:
| | Report / Recommendation | From:
| Cary Teague, Community Development Director
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Item Activity: | | Subject: | Resolution No. 2018-63 & Ordinance No. 2018-09: Final Rezoning, Final Site Plan, Overall Development Plan, Final Plat & Development Agreement for Pentagon Park North. | Action | |
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ACTION REQUESTED: Approval of Resolution No. 2018-63 & second reading of Ordinance No. 2018-09 approving the Rezoning, Final Site Plan for Phase 1, Overall Development Plan, Final Plat and Development Agreement as drafted by the city attorney.
INTRODUCTION:
The applicant has specifically responded to the City Council conditions that were placed on them as part of the Preliminary Approval. (See attached narrative.) They have created what they are calling a "parkway" along the north side of the building, will be soundproofing the building so the noise levels from Seagate would meet the state standard from inside the buidings and have revised the park entrance. In regard to the affordable housing condition, staff has drafted the condition to be consistent with the City's affordable housing policy per City Council direction. However, the applicant is not agreeable with staff's recommendation. Chase has provided what they call their final offer on affordable housing. The proposal does not meet the affordable housing policy. Chase is proposing a $3 million dollar "buy in," which would account for 30 units per the "buy in" policy. The remainder is proposed to be satisfied with 30 units to be dedicated for affordable housing at 60% AMI within the project. The affordable housing policy would require the remaining units to be priced at 50% AMI.
The proposed plans are consistent with the approved preliminary plans. |
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