01 - Laserfiche WebLink

approximately three acres of land per parcel. This allocation does not include the application of the State Density Bonus, which could increase the total unit count by up to 50 percent, to a range of 1,350 to 2,160 units. • Vision Statement: The Vision Statement includes concepts such as Stoneridge': (1) continuing to be a community destination and a strong economic contributor; (2) evolving to be a vibrant mixed-use community with a variety of land uses that are integrated and well-connected with a multi-modal circulation system, and (3) including public and private gathering spaces and placemaking amenities. • Guiding Principles: The Guiding Principles include concepts related to the long-term economic viability of the site; both a community and regional destination; a center for job opportunities and other economic contributions; the integration of a variety of land uses; well-planned pedestrian, bicycle, and vehicular circulation; integrated and connected neighborhoods; an area for community gathering and civic opportunities; an integrated parking system; equitable distribution of affordable housing among the landowners; future land use planning to include contemplation of uses and densities while recognizing economic market factors and private agreements; and the possibility for adjustments between land owners of, for example, property, housing units, location of public spaces. January 11, 2023, Planning Commission Meeting The Planning Commission at its January 11, 2023, meeting, by a four-zero (4-0) vote, recommended the City Council adopt the Stoneridge Mall Framework Components, attached to this report as Attachment 1 (see below for information on minor revisions that staff incorporated into the Framework Components after the January Planning Commission meeting). Several members of the public at the meeting commented, noting concerns about the cost and feasibility of the projects, particularly when the Objective Design Standards are applied, and schools, traffic, and other environmental impacts that will result from development at the mall. One commenter also encouraged collaboration with the property owners. Property owners that provided feedback to the Commission expressed general support for the Framework and endorsed the planning process for the mall; however, some expressed concerns regarding the design principles, in particular that principles some appeared to be too detailed for this early planning phase. Some owners also expressed a desire to work among themselves and provide a proposal to the City for consideration. Owners emphasized that adequate density on the site, along with appropriate development standards and flexibility, were all important concepts and did not express objections to the housing allocation as proposed for the 6th Cycle Housing Element. The Commission as a whole was supportive of the housing density range of 50 to 65 du/ac as outlined in the Framework, although one commissioner suggested a range of The language used by the three ownership entities uses the term, "Stoneridge," in acknowledgement that future uses at the Mall area will be more varied than the only commercial uses that exist today. Page 4 of 11