Title
Conduct a Public Hearing to Consider/Discuss/Act on a Request to Rezone the Subject Property from "ML" - Light Manufacturing and "RG-18" - General Residence District to "PD" - Planned Development District to allow for Multi-Family, Live/Work and Retail Mixed Uses, Generally Located on the Southwest Corner of U.S. Highway 380 (University Drive) and Throckmorton Street (REQUEST TO BE TABLED)
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
MEETING DATE: February 14, 2017
DEPARTMENT: Planning
CONTACT: Matt Robinson, AICP, Planning Manager
STAFF RECOMMENDATION: Staff recommends that the public hearing be closed and the item tabled indefinitely per the applicant's request.
APPLICATION SUBMITTAL DATE: September 26, 2016 (Original Application)
October 17, 2016 (Revised Submittal)
November 14, 2016 (Revised Submittal)
November 28, 2016 (Revised Submittal)
ITEM SUMMARY: The applicant is requesting to rezone approximately 12.753 acres of land from "ML" - Light Manufacturing and "RG-18" - General Residence District to "PD" - Planned Development District, generally to allow for a mix of multi-family, live/work and retail uses.
In an associated application, the applicant has partnered with a Community Development Housing Organization to apply for $2 million in HOME funds from Texas Department of Housing and Community Affairs (TDHCA) to balance the funding for the Project. As part of their request to TDHCA, the applicant has submitted a request for City support for 9% Tax Credits for the Construction of the Multi-Family units within the development.
On January 17, 2017 City Council approved a resolution of support for the 9% Tax Credit. In City Council's motion it was noted that this resolution of support for tax credit is in no way indicative of the outcome of the zoning application pending before the Planning and Zoning Commission and should not be construed as a tacit approval of the zoning application in anyway.
On December...
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