12/17/01 - Laserfiche WebLink

Home Browse Search

Session 1828 December 17, 2001 the Plan Commission with appropriate amendments to the conditions attached to the original proposal. There are no changes in the basic dimensions of the building nor to the site plan. There are no major changes to the exterior of the building. There is an increase in the designated parking spaces as required by the revised interior layout creating 261 units, an increase of 39 over the originally approved plan. This is accomplished by decreasing the size of a number of the units. The result of this alternate layout should be an increase in potential city revenue. I recommend approval of the amended plan as an alternative conditional use permit. One high quality development company has already indicated an interest in completing the project with this alternate plan. Conditions should include all of those required by the City Council on the original amended plan plus an authorized floor area ratio of 1.986, minimum 485 parking spaces, fire department approval of parking layout, traffic study analyzing traffic generation changes from increased density, and deleting conditions related to outside users of project amenities since these are deleted from the alternate plan in favor of the increased residential occupancy. We are encouraged by the interest in this project shown by quality developers and investors across the country who recognize the high value of University City property. Approval of this alternate plan should speed completion of this very desirable project. Mr. Sharpe moved approval. Mr. Wagner seconded the motion. Responding to Mr. Lieberman, Mr. Ollendorff stated that if Council approves this as an alternate plan, then either the original project that Council has already approved could be built or this alternate one. The owner could then market this to other developers that may be more interested in this type of plan versus the original. Responding further to Mr. Lieberman, Mr. Ollendorff said that he had not seen the market plan yet and is not sure if staff has received one. He was advised that the market study indicated the need for smaller units, therefore for more of them, both from a marketing and financing point of view. He has not seen the actual written study. Mr. Ollendorff assured Mr. Lieberman that since Delmar Boulevardthe County had been advised of the previous plan and that they will be apprized of this new plan if the Council approves it this evening. The plan will be subject to anything that the County feels needs to be added or changed. Mr. Ollendorff confirmed that the County's changes could possibly change the parking plan. Mr. Ollendorff, responding to Mr. Lieberman, said that the Planning staff looked at the parking requirements very carefully and indicated to him that the minimum number of spaces for the 261 units, based on a breakdown of 1,2 and 3 bedroom units, that the zoning code requires 468 off street parking spaces for residents and employees and that it requires 17 spaces for visitors. The total minimum requirement is 485. Mr. Munkel stated that they exceed the minimum with 495 spaces, according to the