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REQUEST FOR COMMISISON CONSIDERATION ITEM DESCRIPTION: Preliminary Planned Residential Development: Review of the proposed Midtown Village PRD and site plan to authorize future construction of 53 market rate townhomes, 204 affordable senior housing units, and 154 affordable workforce housing units on property north and south of Old Highway 8 near 8th Avenue NW – PIDs 29-30-23-13-0021, 29-30-23-13-0020, 29-30-23-13-0022, 29- 30-23-13-0023, 29-30-23-13-0025, and 29-30-23-13-0024. DEPARTMENT HEAD’S APPROVAL: CITY MANAGER’S APPROVAL: No comments to supplement this report ___ Comments attached ___ 15.99 Deadline: Staff has already exercised the City’s right to extend the review period out an additional 60 days, so the final deadline for a decision is currently 8/6/19. Recommendations: Staff believes the Preliminary PRD can be approved with conditions. Template motions, recommended findings, and suggested conditions can be found on pages 42 through 46 of the report Legislative History: Complete application (all plan sets and EAW) received on 4/8/19. Published notice occurred on 5/8/19 Public hearing notices sent out on 4/23/19 Planning Commission review & public hearing scheduled for 5/21/19 Financial Impact: Significant over the long term. Ehlers estimates the proposed development will result in $210K of yearly tax revenue going specifically to the City upon decertification of TIF District #34. Summary: Pulte Homes and Dominium are seeking approval of a Preliminary Planned Residential Development and site plan to transform approximately 12 acres of underutilized or vacant land into a new housing development consisting of 53 market rate townhomes, and two multi-family buildings providing 204 affordable senior units and 154 affordable workforce units respectively. The project will include significant upgrades to the local road and pedestrian systems. Agenda Section: VI Item: 1 Report Date: 5/16/19 Commission Meeting Date: 5/21/19