2020.05.15 Planning Commission - Laserfiche WebLink

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REQUEST FOR COMMISSION CONSIDERATION ITEM DESCRIPTION: Final Planned Residential Development: Review of the proposed final plans for Phase III of the Midtown Village PRD comprised of 204 affordable senior housing units on property to the north of Old Highway 8 – PIDs 29- 30-23-13-0020 and 29-30-23-12-0176 DEPARTMENT HEAD’S APPROVAL: CITY MANAGER’S APPROVAL: No comments to supplement this report ___ Comments attached ___ 15.99 Deadline: The 60-day review period for this application expires on 7/7/2020. This deadline can be extended an additional 60 days if necessary. Recommendations:  Staff believes the Phase III Final PRD for Dominium is in substantial compliance with the preliminary approval.  Staff believes the Final Plat for Phase III is in substantial compliance with the preliminary approval and subdivision requirements.  Staff believes Council should grant conditional approval of the Final PRD subject to the suggested conditions. Legislative History:  Complete application received on 5/8/20.  Planning Commission review scheduled for 5/19/20 Financial Impact: Significant over the long term. Ehlers estimates the proposed development of Midtown Village will result in $210K of yearly tax revenue going specifically to the City upon decertification of TIF District #34. Summary: Dominium is seeking approval of a Final Planned Residential Development for Phase III of the Midtown Village development. This final phase will include preparation of the remaining land north of Old Highway 8 for development, installation of public improvements, and construction of the affordable senior housing building (to be called Oaks Landing). Preliminary approval for this development was granted by the City Council on May 28th, 2019. Agenda Section: VII Item: 1 Report Date: 5/14/20 Commission Meeting Date: 5/19/20