Consideration and Adoption of Resolution No. 2013-31: A resolution authorizing the execution of a Development Agreement between Trailside MAR, LLC and the City of Flagstaff related to the development of approximately 4.02 acres of real property generally located at 600 West University Heights Drive North. (Development Agreement for Trailside Apartments)

1) Read Resolution No. 2013-31 by title only
2) City Clerk reads Resolution No. 2013-31 by title only (if approved above)
3) Adopt Resolution No. 2013-31

State law allows cities to enter into development agreements by resolution. The proposed Development Agreement governs the terms and conditions of the use of the affordable housing incentives found within the Zoning Code as they relate to the development of the subject property.

No impacts are anticipated.

• Retain, expand, and diversify economic base.
• Effective governance.

No previous Council discussion has occurred as it relates to this Development Agreement. The Developer has processed a Regional Land Use and Transportation Plan amendment and a Zoning Map amendment for the subject property concurrently with the processing of this application. Prior to the consideration of this application, the Council as taken action on the previously identified amendments.

The City Council may approve, deny, or modify the agreement as necessary to ensure that the development meets the objectives of the Regional Land Use and Transportation Plan, the Zoning Code, and the City's development goals.

The Developer has requested a Regional Land Use and Transportation Plan amendment and a Zoning Map amendment to accommodate the development of a 111 unit multi-family residential apartment complex. Part of that request includes an affordable housing component. In accordance with Section 10-30.20.040 of the Zoning Code, an application may be eligible for certain incentives based on the percentage of affordable units and the level of affordability (e.g. Category 1 to 4). The Developer has provided 14% of the permitted dwelling units as Category 1 Permanent Affordability. In accordance with Table 10-30.20.040.A of the Zoning Code, this level of affordability enables the use of five or more affordable housing incentives. The Developer has requested the use of only the three following affordable housing incentives: (1) A 45% reduction in forest resources protection thresholds; (2) a 27% increase in permitted dwelling units; (3) a 10% reduction in required parking lot landscaping. A more detailed discussion regarding the impact of these incentives on the proposed development can be found in the attached Planning and Zoning Commission Zoning Map Amendment staff report dated October 27, 2013.

Under the provisions of the proposed High Density Residential (HR) zone, the project is entitled to develop at a maximum density of 88 dwelling units. The Developer has proposed to classify 14% (12) of those units for Category 1 Permanent Affordability. In exchange, the Developer is looking to utilize three affordable housing incentives as outlined in Section 10-30.20.040 of the Zoning Code. These incentives would increase the project to 111 dwelling units, reduce the forest resource protection threshold to 27.5%, and reduce the required parking lot landscaping to 3,078 square feet.

None.

The community will receive 12 dwelling units classified as Category 1 Permanent Affordability for a minimum duration of 30 years. This will increase the City's supply of available affordable housing.

None. Development agreements do not require public or neighborhood notification. However, this agreement is tied to the proposed Regional Land Use and Transportation Plan amendment and Zoning Map amendments, which require public notifications, and has had public hearings before the Planning and Zoning Commission and the City Council.

None.