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<br />. <br /> <br />that would be made if the project was developed in cooperation with a not for profit housing <br />corporation. As a result, the amount of developer contributions should not be an impediment <br />to approving the mc's. <br /> <br />Use with Similar Unit Types - The PUD indicates that if the PUSD does not exercise its <br />option on the 23-acre site, it will be developed as MDR senior housing with single-family <br />attached and detached housing subject to subsequent PUD development plan and a CEQA <br />review. As a result, at this time it is not possible to determine a unit mix or if the units will be <br />rental or ownership. In recognition of this situation, the developer has requested a ratio for <br />applying IUC's to different unit types and in general staff is in concurrence with these. <br /> <br />Term of Credits - The ruc guidelines indicate the credits must be used within five years of <br />Council approval or from the date that it is possible to use the credits. Because the developer <br />has indicated a preference to use the IUC's on the 23-acre Busch site, their use is dependent <br />upon the PUSD's action related to its option on the property. As a result, the developer's <br />request for a five-year time frame from the time the PUSD closes escrow or terminates its <br />option on the property would be consistent with the guidelines. <br /> <br />Timing of the Request for roc - The IUC guidelines indicate that a request for lUC'-s should <br />be made during the PUD review process and that the Council will generally not consider <br />requests after the approval of the PUD and project fmancing. As a result of these restrictions <br />based on the timing of the current request, it would not be eligible. However, the developer's <br />request was made prior to the development of these guidelines and because the Council's <br />decision on the initial request was continued until after the adoption of the guidelines, staff has <br />determined that the request is consistent with the guidelines. <br /> <br />In addition to a review of the guidelines listed above, it should be noted that the current <br />request is generally consistent with the request made by Ponderosa Homes in October 2003. <br />A copy of that staff report is included as Attachment 4. <br /> <br />STAFF RECOMMENDATION <br /> <br />As indicated above, this request for IUC's conforms with the IUC guidelines approved by the <br />City Council on September 21, 2004. As a result, the Council's discussion on this matter <br />should most likely focus on the conditions for IUC approval. Listed below are staff's <br />recommended conditions. Because the IZO and ruc guidelines are drafted to allow Council <br />flexibility, alternative recommendations and usage should be considered as part of the <br />approval process. If the Council determines alternatives are appropriate, staff will modify <br />conditions included in Attachment 1. <br /> <br />SR:04:260 <br />Page 5 <br />