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Commissioner Blank asked Mr. Wayland if he would be comfortable with a limitation <br />that would restrict density to no more than 35 units per acre on all three parcels. <br />Mr. Whalen replied that what they are planning for is adequate. He noted that if it is <br />feasible, BRE could build it, but ultimately it comes down to what the City wants. He <br />indicated that there is a product that hits that and right now can be built. <br />Commissioner Blank inquired if all three parcels should have the same restriction. <br />Chair Narum replied that she is only interested in Parcel 2 and thinks each parcel <br />should have its own restriction. <br />Commissioner O’Connor stated that whatever is decided, he thinks the average should <br />be the same on all three parcels. <br />Commissioner O’Connor asked Mr. Wayland if BRE would be supportive of putting no <br />more than an average of 35 or 40 units to an acre. <br />Mr. Wayland replied that 35 to 40 units would be fine from his perspective and based on <br />what can be built on the parcel. He indicated that he cannot speculate on the future, but <br />he reiterated that the Commission should indicate what it wants and be clear about it <br />because if BRE does not come through and build now, and five to ten years from now, a <br />developer comes in with a higher density, there will be an issue. <br />John Steinbuch, W. B. Carey, owner of Parcel 1, confirmed that BRE has an option to <br />purchase Parcel 1 but W.B. Carey owns the parcel. He indicated that he would not <br />want the density capped at 35 or 40 units because if BRE were to go away, the parcel <br />might not be developed for a number of years, and given its location, it might warrant a <br />higher density at that time. <br />THE PUBLIC HEARING WAS CLOSED. <br />Commissioner Olson stated that he does not understand why the Commission would <br />not want to maintain that flexibility. <br />Commissioner Pearce indicated that she understands what Chair Narum is saying <br />about the houses across the street from Parcel 2. She noted, however, that Owens <br />Drive is a big street, and if the City maintains its flexibility, not only is it putting more <br />people on the properties to make the retail more viable, but houses will be needed for <br />the people. She added that the City gets new numbers every year, and this is a perfect <br />infill property to allow the flexibility to put units in a design-appropriate way. She stated <br />that she does not see a problem with allowing the flexibility. <br />PLANNING COMMISSION MEETING MINUTES, January 26, 2011 Page 32 of 50 <br /> <br />