2011_0926_packet - Laserfiche WebLink

Home

Attachment B 3. Uses existing on the effective date of this ordinance that generate greater Network Trips than are allowed for such Block may continue to exist as a nonconforming use. No expansion of such nonconforming use shall be allowed without compliance with this ordinance. 4. Allowable Network Trips are not a property right and may not be transferred to another Block. C. Restriction on development.- The roadway infrastructure is not adequate for development within the Twin Lakes Overlay District in excess of the Network Trips allowed in Section E. Therefore,, development which exceeds the Network Trips set forth in Section E is premature at this time. In order to provide adequate roadway infrastructure for development which will generate Network Trips in excess of what is allowed in Section E, it will be necessary to construct the Roadway Infrastructure Improvements described in the AUAR and TLIIR. Therefore,, development on a Block that would exceed the number of Network Trips allocated to such Block by Section E below may only be constructed if the Roadway Infrastructure Improvements described in the AUAR and TLIIR to accommodate the redevelopment of the Twin Lakes Redevelopment Area are provided and/or paid for by the property owner(s) of such Block by one of the following methods.- 1. The property owner(s) enter into a voluntary development agreement which includes the payment of the Twin Lakes Roadway Cost Allocation Amount allocated to the Block being developed in the manner set forth in Section D below. The decision of a property owner to enter into a development agreement shall be completely voluntary and optional on the part of property owner(s) of the Block to be developed. This option is not intended to require property owner(s) to enter into involuntary development agreements,, but rather to give property owner(s) a method by which proposed development involving inadequate roadway infrastructure can be made adequate byway of voluntary development agreements. 2. The property owner(s) make such other arrangements satisfactory to the City for the construction of, and payment for, the Roadway Infrastructure Improvements. In lieu of the foregoing options, the property owner(s) can postpone development on its Block until all of the Roadway Infrastructure Improvements have been completed and fully paid for. D. Twin Lakes Allocation Cost.- In order to establish a method by which property owners)l of property within the Twin Lakes Overlay District can develop a Block in a manner which will generate more Network Trips than has been allocated to such Block under Section E below,, the City has prepared and adopted the TLIIR. The TLIIR identifies Roadway Infrastructure Improvements which are necessary to redevelop the Twin Lakes Redevelopment Area, provides cost estimates for the Roadway Infrastructure Improvements, and allocates the cost between the Blocks based on cost per Network Trip. If development on a Block will generate Network Trips in excess of the number allocated to that Block in Section E below,, the property owner(s), of such Block may, as provided in Section C1 above, enter into a voluntary development agreement which includes the payment of the Twin Lakes Roadway Improvement Cost Allocation Amount allocated to such Block in the TLIIR,, as adjusted for the development to be constructed on such Block using the methodology set forth in the TLIIR. In addition to adjustments made when individual development proposals are made, adjustments to the costs in the