SR 06:076 - Laserfiche WebLink

Honorable Mayor and Members of the City Council: BACKGROUND In August of 2002, the City Council approved PUD-18 for the development of 363 housing units on the Busch property by Ponderosa Homes, This PUD induded the development of a In-unit senior apartment project. As part of Council's review of this PUD, it determined that indusionary zoning requirements for the entire 363-unit development could be met with 87 affordable units included in the senior apartment project. However, subsequent to this approval, the developer requested, and the Council approved, a change to the unit mix of the apartment project resulting in an additional 51 affordable units, As a result of this change, the current unit mix includes 138 affordable units as follows: Current Affordabili tv for the Gardens at Ironwood Senior Auartments Unit Type No. Affordability Levels Current Monthly Rents Units One Bedroom 23 50% of AMI (For one $n4 oerson household) One Bedroom 46 50% of AMI $735 (Based on CDLAC Rents) One Bedroom 55 60% of AMI (For one $870 oerson household) One Bedroom 5 60% of AMI $890 (Based on CDLAC Rents) One Bedroom 21 Market $995 Two Bedroom 9 60% of AMI $993 Two Bedroom 13 Market $1,150 Total 138 Affordable Units Market Unit 34 As part of the developer's request to modify the unit mix, it also requested it be granted 51 IUC's as outlined in the IZO, The request was consistent with the IZO since the 138 units provided were/are in excess of the 87 required affordable units, At its meeting of May 6, 2003, the Council directed this matter to the Planning and Housing Commissions for review prior to taking action on the request. The Commissions completed their review in June 2003 and the City Council reviewed this matter again at its meeting of November 3, 2003. As an outcome of its review, the Council continued a decision on this matter until it completed an overall review of SR:06:076 Page 2