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<br />Public Hearing: Parkview Gardens Neighborhood Sustainable Development Plan <br /> <br />Mr. Halpert announced that a public hearing was scheduled for the draft Parkview Gardens <br />Neighborhood Sustainable Development Plan to consider its adoption and incorporation as an <br />amendment to the 2005 Comprehensive Plan Update. He stated that the public notice <br />requirements set forth in Article15 of the Zoning Code have been met. <br /> <br />Mr. Lai stated that the planning process has taken about 14 months, much shorter than the <br />Federal Government had envisioned. The consultants were given 3 years, and after 14 months, <br />they are able to come before the Plan Commission for consideration of adoption. Public <br />meetings and other public engagement forums have been held previously as part of the process. <br />The consultants have also presented updates previously to the Plan Commission. University City <br />is one of 13 communities in the country that received a joint grant from the U.S. Department of <br />Transportation and the U.S. Department of Housing and Urban Development. Several planning <br />partners have been involved in the process. It is before the Plan Commission in accordance with <br />the State Statute that a public hearing be held. This public hearing is in addition to previous <br />opportunities for public input. After comments are received this evening, the consultants will <br />make any necessary revisions and the Plan will be on the agenda next month for consideration of <br />adoption if it is ready to be adopted. <br /> <br />Mr. John Hoal with H3 Studio, project consultants, provided a presentation summarizing the <br />Plan, covering the key components of Plan and implementation items. [A copy of the <br />presentation is in the project file.] <br /> <br />Comments/questions from the Plan Commission following Mr. <br /> <br />Ms. Greening asked about funding. She stated that there are new parks, sidewalks, and streets <br />proposed. She asked where the money will come from and if it will come from taxes. <br /> <br />Mr. Hoal stated that specific taxes are already being collected and there is a source of funding. <br />The market study showed a market for new housing, including affordable housing. Funds are <br />currently being collected; it is up to potential developers to use it. <br /> <br />Ms. <br /> <br />Mr. Hoal stated there is no funding plan. <br /> <br />Ms. Greening stated that if Washington University were to have more student housing, they <br />would not be paying taxes on those properties. She added that she would like to see some type <br />of funding plan including costs and revenue. <br /> <br />Mr. Senturia stated that it is a good plan and a lot of work has gone into it. He stated that there <br />were some issues and challenges mentioned. One of the items mentioned was that housing is <br />affordable. Low rates limit capital improvements to make housing competitive. He asked what <br />that means in terms of affordability. He stated that it was mentioned that 76% of the residents <br />are renters. He asked if they know what average income would be and what average rents would <br />be. <br />tm; <br /> šE <br /> <br /> <br />