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Policy 7.5: Consider the conversion of underutilized commercial development into housing or mixed-use development. Goal 8: Promote a sense of community by encouraging neighborhood identity efforts within the community. Policy 8.2: Where feasible,provide or improve connections between residential areas and neighborhood amenities such as parks, trails, and neighborhood business areas. 2. The proposed use is not in conflict with any Regulating Maps or other adopted plan: This criterion does not apply. The subject property at Rice and South Owasso Boulevard does not have a regulating plan or other adopted plan that guides future development. 3. The proposed use is not in conflict with any City Code requirements: At this stage of the project, the applicant has not disclosed if they intend to pursue any conflicts with existing requirements of §1004.06 (Multi-Family Design Standards) or those applicable requirements of§1011 (Property Performance Standards). Based on a cursory review of plans submitted thus far, substantial compliance is being depicted. However, the full details of the site and building development have not yet been finalized. That said, should the project be supported and move forward, staff would work with CommonBond and its engineers and architects to develop a project that achieves compliance with all applicable Code requirements. The Planning Division has discussed with CommonBond the possibility of shifting the building closer to Rice Street and South Owasso Boulevard (south and east). Such a shift provides greater separation from the adjacent single family residential properties and also provides potential for greater green space and landscaping on the site. This could help address some concerns that were voiced at the Open House. It should be noted, that shifting the building closer to Rice Street and South Owasso Boulevard would require a variance to setback requirements, which triggers another public hearing before the Variance Board, including notification to the neighborhood within 500 feet of the property. 4. The proposed use will not create an excessive burden on parks, streets, and other public facilities: The Planning Division has determined the proposed increase in unit density from 24 to 32 units per acre will not create an excessive burden on parks, streets, and other public facilities. Staff does suspect there may be an increased use of area parks by seniors who would reside in the proposed project,however, their activities will not tax or be overly burdensome to the park system. With regard to excessive burden on streets, during the Open House Meeting adjacent property owners and citizens voiced concerns regarding added traffic on Rice Street and South Owasso Boulevard. To address these concerns, CommonBond hired a consultant to conduct a traffic study (Attachment E) to determine the impact of a 60-unit senior housing project on the northwest corner. The study analyzed the existing and proposed conditions of the subject development area. Results of the existing operations analysis indicate the study intersection currently operates at an acceptable overall Level of Service(LOS) during the a.m. and p.m. peak hours. No significant side-street delay or queuing issues were observed. Results of the year 2021 build operations analysis indicate the study intersection and proposed access location are expected to operate at an acceptable overall LOS during the a.m. and p.m. peak hours for both build scenarios. The reference to both build scenarios includes: A) development consistent with the underlying zoning(commercial use at the corner), and