Title
Consider/Discuss/Act on a Request by Ron Lustig for the Waiver of Roadway Impact Fees in Accordance with the Neighborhood Empowerment Zone Impact Fee Waiver Program for the Proposed Multi-family Construction Located at 500 North Chestnut Street
Summary
MEETING DATE: May 6, 2014
DEPARTMENT: Development Services - Planning
CONTACT: Guy Giersch - Historic Preservation Officer
Matt Robinson, AICP - Planning Manager
RECOMMENDED CITY COUNCIL ACTION:
Staff recommends approval of the Impact Fee Waiver request through the NEZ Program.
ITEM SUMMARY:
* In accordance with Ordinance No. 2013-11-110, Section 98-84-8 Neighborhood Empowerment Zone (NEZ), the applicants are requesting roadway impact fee waivers for the project located at 500 North Chestnut Street, which consists of eight (8) multi-family dwelling units.
* Approval of the impact fee waiver will result in foregone roadway impact fee revenues of $30,344.06.
* The property is currently vacant and the current assessed ad valorem value of the property by CCAD is $19,152.
* The project consists of eight (8) multi-family dwelling units. While this is a multi-family project, the function, look, and feel is that of a single-family project. The project is in conformance with the Guidelines for New Construction in the Neighborhood Empowerment Zone. The Guidelines require that new construction be compatible with the massing, size, scale, and architectural features of the surrounding homes.
* As part of the NEZ Impact Fee Waiver Program, impact fees are paid upfront by the developer and reimbursed upon the satisfactory completion of the project in accordance with the approved site/construction plans.
CRITERIA FOR ELIGIBILTY:
Massing - Massing is derived from the comparison of the totality of the building to the parts of the building. The entire building is a composition of masses. Dormers, towers, chimneys, and other facade projections such as bay...
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