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Centerville 2040 H <br /> Centerville has an active Economic Development Commission which has completed the Star <br /> City program. The Commission will examine the feasibility of establishing community <br /> participation and financial incentives for economic development, such as tax increment <br /> financing. Proximity to 1-35E, land availability, public utilities and expanding labor markets <br /> enhance the opportunities for development potential in the next 10-20 years. Financial <br /> assistance, active marketing, and general development may be a prerequisite for maximum <br /> opportunities. <br /> The City currently has provisions within the existing zoning ordinance related to industrial <br /> uses. These provisions will be reviewed to determine if changes are needed to more <br /> effectively manage industrial development activities in the future. Adequate lot sizes and <br /> structure setbacks will be required to provide safe and convenient access and parking. Site <br /> buffering, landscaping and design criteria will also be evaluated. <br /> The Metropolitan Council considers any housing development more than eight units <br /> per acre to qualify as affordable housing. Based on ThriveMSP 2040 allocations, <br /> Centerville has a total affordable housing allocation of 14 units. Table 22 identifies <br /> the area median income (AMI) distribution of that affordable housing allocation. The <br /> high density residential and central business district/mixed use districts have a <br /> minimum density of twelve units per acre which qualify as affordable housing as they <br /> exceed the eight units per acre minimum. <br /> Based on the City's development phasing plan (Map 4-3) it is anticipated that 7.54 <br /> acres of CBD/Mixed use land will develop by 2030. Land guided CBD/Mixed Use are <br /> required to develop with a minimum 25% residential. Based on that residential <br /> percentage, of the 7.54 acres of developed CBD/Mixed Use land, 1.89 acres will be <br /> residential development. That will result in a midpoint of 39 affordable housing units <br /> constructed by 2030 which exceeds the City's 2030 affordable housing allocation of <br /> 14 units. <br /> Affordable Units by 2030 <br /> At or below 30% AMI 9 <br /> 31 — 50% AMI 4 <br /> 51 —80% AMI 1 <br /> Total 14 <br /> Chapter 3 Page 14 <br /> 82 <br />