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<br />City Council Study Session -11/20/06 <br />Minutes - Page 7 <br /> <br />City reserves to use; funding sources available for single-family <br />neighborhoods; and availability of the Housing Resource Center. <br /> <br />Ms. Shay requested the Council's consideration of the petition <br />request as they discuss the policy perspective; and recognize the <br />need of small complexes that cannot come up with the $3 <br />Million to bond for improvements; and asked that they keep that <br />in mind during their deliberations. <br /> <br />Mayor Klausing noted that the Public Hearing would be held on <br />December 18, 2006 at the regular City Council meeting. <br /> <br />Councilmember Maschka requested that Ms. Bennett identifY <br />and provide information on other funding options and/or possible <br />private funding options for associations as discussed. <br /> <br />4. <br /> <br />Discuss Public Policy on Lot Splits <br />Community Development Director John Stark provided a <br />detailed summary of existing subdivision regulations as they <br />apply to single-family residential properties; a description of <br />where subdividable lots were located within the City; influence <br />of lot size on community character; larger City policy <br />implications of changing single-family residential lot <br />subdivisions; and other potential regulation options. Mr. Stark <br />noted four areas of concentration of larger lots (i.e., Acorn Road; <br />Gluek Lane; Lake Josephine; and Lake Owasso), consisting of <br />approximately 85properties. <br /> <br />Mr. Stark identified policy implications that included: housing <br />affordability; increase of housing stock; property taxes; diversity <br />of housing stock; property-owner rights and expectations; <br />property values; and preservation of Open Space. <br /> <br />Mr. Stark provided several potential lot split options including: <br />1) maintaining existing single-family residential <br />zoning/subdivision code; 2) revising the single-family residential <br />code/subdivision code; 3) creation of a neighborhood <br />conservation overlay; or 4) establishing a large-lot zoning <br />district. <br /> <br />Discussion included age definitions for subdivisions and <br /> <br />Discuss <br />Public Policy <br />Lot Splits <br />