Agenda - Council - 11/12/2013 - Laserfiche WebLink

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Section 8: Redevelopment Potential 3. Provide additional supporting documentation that demonstrates an ability to proceed with development once the site is cleaned up. For example: • purchase option agreement • development agreement • proposed site plan • CAD images, elevations or renderings of the completed redevelopment project • letters of credit or other funding commitments • capital improvement plans • city council resolutions, site plan or zoning approvals 4. Floor Area Ratio: What is the maximum floor area ratio expected for the likely use described above? (Divide the expected gross square footage of all proposed new or renovated structures to be developed on the site divided by gross square footage of the project area. The "project area" is defined as the parcel(s) that are essential to cleaning up the site and implementing the proposed project. ) 112800 / 926997 = 12.2% Maximum floor area Site area FAR (Gross SF) (SF) 5. What is the maximum height allowed according to the existing zoning? 35 What is the maximum lot coverage allowed according to the existing zoning? 35% 6. Affordable Housing If the proposed redevelopment includes an affordable housing component, for TBRA applications submitted in 2013, affordable housing is defined as ownership or rental housing affordable to households earning 60% of the area median income (AMI). Affordability limits for 2013 include any units for sale at $177,500 or less. For 2013, the maximum gross rent affordable at the 60% level was based on the number of bedrooms as follows: efficiency $865, 1-bedroom $927, 2-bedrooms $1,111, 3-bedrooms $1,284, 4- bedrooms $1,432 including tenant -paid utilities. (A minimum of 20% of the total housing units proposed must be affordable for a project to be considered for affordable housing points.) Ownership Units Total Units 47 Affordable Units 0 Rental Units 14