10-02-2023 JDA Agenda Packet - Laserfiche WebLink

Home Browse Search

Joint Development Authority TCAAP Redevelopment Project Joint Development Authority TCAAP Redevelopment Project AGENDA ITEM 8e MEMORANDUM DATE: October 2, 2023 TO: Joint Development Authority Board of Commissioners FROM: Director Perrault SUBJECT: Request City and County Consideration of TCAAP Redevelopment Code (TRC) Amendments Following the presentation from Alatus to the JDA at the September 27, 2023, Special Work Session, City Staff reviewed the proposed development density scenario of 1,960 units to the City’s TCAAP Redevelopment Code (TRC) in order to determine what amendments, if any, would be necessary. As shown in the Alatus presentation, the TRC includes as Attachment 1 the TCAAP Proposed Regulating Plan. This regulating plan illustrates the breakdown of total acreage for all of the TRC zoning districts, as well as the gross density range and maximum residential units by residential neighborhood/zoning district totaling 1,460 units as currently approved under the TRC. Based on the proposed density of 1,960 units from Alatus, Staff has confirmed that a TRC Amendment would be required to modify this table. It should be noted that a TRC Amendment would be triggered most likely with any change to the breakdown of acreage by zoning district and/or density as a result of the adopted Maximum Residential Units table which is formulated to 1,460 units. Along with the TRC Amendment, Staff would note that the City’s Comprehensive Plan would also need to be amended for the proposed density scenarios due to the increase in residential units of the Town Center NR-4 zoning district and conversion of the southwest corner of the TCAAP site from Flex Office to Residential. While regular zoning code changes can be done on a simple majority vote, Comprehensive Plan amendments require at least four affirmative votes by the City Council. However, per State Statute, a Comprehensive Plan Amendment can be done on a simple majority of it allows for affordable housing, the stipulation is that 20% of housing units in the development must be affordable at 60% of Area Median Income. The exact language from statute is below. Amendments to permit an affordable housing development are approved by a simple majority of all of the members. For purposes of this subdivision, "affordable housing development" means a development in which at least 20 percent of the residential units are restricted to occupancy for at least ten years by residents whose household income at the time of initial occupancy does not exceed 60 percent of area median income, adjusted for household size, as determined by the United States Department of Housing