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3. Make the PUD findings for the proposed development plan as stated in the December 9, 2015, Planning Commission staff report (pages 20 through 23 in Attachment 2); and 4. Introduce a draft ordinance approving Case PUD-109, PUD Rezoning and PUD Development Plan, based on the PUD findings of approval (included in Attachment 2) and subject to the Conditions of Approval, Exhibit A (Attachment 1). FINANCIAL STATEMENT The project would be expected to generate revenue (taxes and fees) to cover costs for service. Increases in property tax would be used to provide services, such as police and fire services, to the occupants of the dwelling units and commercial space. The applicant will be required to pay development impact fees (e.g., in-lieu park dedication fee, public facilities fee, traffic fees, and water/sewer connection fees) that will be used to offset the cost of additional demand for City facilities and infrastructure. BACKGROUND Initial Submittal & Planning Commission Work Session On April 6, 2015, the applicant submitted a Planned Unit Development Rezoning and Development Plan application to construct an approximately 2,204-square-foot, two- story commercial/office building and five approximately 2,104-square-foot, three-story attached townhouses. The Planning Commission held a work session on August 26, 2015 and encouraged the applicant to increase the amount of commercial/retail square footage, increase the amount of commercial parking, and reduce the amount of residential development on the site, among other changes. Project Revisions The revised plans were submitted on November 3, 2015 and were presented to the Planning Commission at a public hearing on December 9, 2015. The primary changes to the project from the Planning Commission work session plans include: (1) Reducing the size of four multi-family residential units from approximately 2,104 square feet to approximately 2,015 square feet in area; (2) Allocating four parking spaces to the commercial/office building, while reducing the overall number of parking spaces provided on the site from 20 to 13 parking spaces; and (3) Expanding the size of the commercial/office space from approximately 2,200 square feet to approximately 4,074 square feet in area. Page 2 of 11