Zoning Resolution 17-Z-161 - Laserfiche WebLink

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January 31, 2017 Page 3 experience of the residents, and also providing a meaningful benefit to the public and surrounding community. Dedication of Park via Easement: Applicant is proposing to dedicate a portion of the Property fronting Collins Avenue to the City for purposes of a park, as depicted in the enclosed plans ("Park Dedication"). .The Park Dedication will be memorialized via a perpetual easement. Applicant will enter into the perpetual easement regarding the Park Dedication prior to building permit; however, the land being dedicated will be utilized for construction purposes and parking until the Temporary Certificate of Occupancy("TCO") is obtained for the South Tower at Phase 2. Density Bonuses and Workforce Housing: The Property is 8.68 acres and the Proposed Project contains a total of 589 units. The density count is calculated as follows: ------. -- - - • Base density(50 units/acre)-=-434.units - _ • Waterfront Development Bonus(10 units/acre)=86.8 units • Workforce Housing bonus(8 units/acre)= 69.4 units Section 265-34(D)(9)(b)(1) permits a density bonus of up to ten (10)additional units per acre for waterfront developments that comply with the City's Comprehensive Plan with respect to Community Design Element Policy 1 E, Recreation and Open Space Element Policy 1 C, and Coastal Management Element Policies 3A and 3D. Here, Applicant complies with the Community Design Element Policy 1 E since the Proposed Project will provide a public baywalk with continuous lineal public access pathways and greenways, linking public and private space. Similarly, Applicant compiles with Recreation and Open Space Element Policy 1C as the Proposed Project will preserve view corridors and provide additional public access to the water. Finally, Applicant complies with Coastal Management Element Policies 3A and 3D since the baywalk provides a public water-oriented opportunity and will facilitate public access. Therefore, the Proposed Project qualifies for the density bonus of up to ten (10)additional units per acre. In addition, Section 265-34(D)(9)(b)(2) permits a density bonus of up to eight (8) additional units per acre provided that the Applicant complies with the affordable workforce housing provision of the Housing Element of the Comprehensive Plan and provisions of Section 265-39 of the City Code. Here, Applicant will provide workforce housing in compliance with Section 265-39 of the City Code. Section 265-39(D)(1)(a) permits one (1) Market Rate unit for every one (1) Workforce Housing Unit provided. Here, there will be a total of 69 units permitted under the Workforce Housing Bonus (8.68 x 8). Therefore, Applicant will provide one (1) Workforce Housing unit for every one(1)additional Market Rate unit, for a total of 35 Workforce Housing units Applicant will provide 35 Workforce Housing units, as defined in Section 265-39. The Workforce Housing units will be provided in the Existing Building, as permitted by code: "A housing development, including any mixed use residential development at one (1) location, which may include one (1) or more structures, including existing buildings, which are unified via a unity of title or a covenant_in_lieu_of_uniity of_title."Her-e,_the..P_r-operty contains_one (1)_or..more structures,_at one _ _ {40589909;2}