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5 years x 225 1,125 <br /> Year 6 (criteria met) 2 only 1 &2 1 &2 <br /> no cap cap in -place cap in -place <br /> 225 225 <br /> 6 years x 225 1,350 <br /> Year 7 no cap no cap <br /> TABLE INSET: <br /> A 16 unit apartment complex has already been approved this year. <br /> City hopes to approve housing in the City Center and possibly along Commerce <br /> Blvd. in Year one or two. <br /> Trigger Criteria (both criteria must be met to trigger cap): <br /> 1= development approvals exceed 560 in any two successive (i.e., prior) years. <br /> 2= development pace over the preceding 3 -year period has exceeded an average of <br /> 225 units per year (675). <br /> When the cap is triggered, the cap is set by calculating the number of years (past <br /> years trigger year) times 225 units per year and subtracting the number of units <br /> that have been approved to date (e.g., Scenario 1, Year 5 5 X 225 1,125; 1,125 <br /> 846 279). <br /> B. During the annual review, the trigger cap may be adjusted up or down a maximum of ten <br /> percent by the city council (i.e., between two hundred two and two hundred forty seven) to <br /> accommodate changes in land use program assumptions (for example, vacancy rate factors and <br /> household size). <br /> (Ord. 711 2 (part), 2004: Ord. 695 3, 2003) <br /> 17.19.060 Establishing priority development areas and application of residential development <br /> cap. <br /> A. Establishing Priority Development Areas. The city council may, by resolution, establish <br /> priority development areas, after calculating the trigger cap and determining the need for a <br /> residential development cap based on policies in the land use and growth management element <br /> of the general plan. <br /> B. Residential Development Cap. If established, the residential development cap shall be <br /> allocated at the time of residential building permit application except as provided for in <br /> subsection 17.19.040(A)(3). Examination of an application for allotment under the residential <br /> development cap shall consider the following factors, with the first four factors to be given the <br /> highest priority: <br /> 1. Project Design. The extent to which the project is adapted to its natural setting, promotes <br /> mixed use and pedestrian- oriented development and otherwise fosters smart growth principles, <br /> contributes to a cityscape that provides visual interest, and results in a development with a <br />