HomeMy WebLinkAbout2020/01/07 Item 4 - Presentation
Community Benefit Agreement 0658 January 7, 2020-19 City Council Agenda Item. No. 5 ACI Sunbow LLC
Staff Presentation•Action Request Summary•Sunbow Planning History•Site Overview•
SITE LOCATION Village 2 WestCity ParcelLandfillProject Site
SURROUNDING LAND USES
GDP 54.7 Ac.SITE Site Utilization Plan–
Aerial View ParkwayOlympicLandfillSite Looking East-
Planning History Designation for Site Retained–2005 City Adopted New GP •Use2004 GP Amendment Submitted to Change Land •Center/ Fire Station/ Parks + $1.3 Million Addl.Constructed 1,977
Residential Units/ Commercial •Limited Industrial–GP and GDP Designated Land Use for the Site •605 Acres–1989 Sunbow SPA Plan Approved •
Planning History (Cont.)Construction (400,000 SF and 300,000 SF)Villages 3 and 8 West Approved and Under •(2.2 Million SF Innovation, 7 Million SF University)UID Land Acquired by City
and SPA Plan Approved •3 Million SF)-Construction (2Approved and Under MilleniaSince then, •Hearing June 2, 2009 Application Withdrawn before CC •May 13, 2009 PC Recommended Denial•2009
GP Amendment Processed-2007•
Action Request RequestResponse to Staff Comments on Initiation Public Benefit Agreement Proposed in •Proposed (700 Units/8 Acres Commercial)Mixed Use Residential/Commercial Land Use
•Plan Approval)Application Filed (30 Years After Sunbow SPA April 2019 GPA/GDP/ Rezone Initiation •
Action Request (Cont.)Council Future Project Decision Discretion Retained•Industrial DevelopmentNear Term Opportunity vs Undetermined Future •Sole DiscretionFee Able to be Used to Acquire/Improve
Parks at City –Waive Parkland Dedication Requirements–Development Fee ($15 Million)Park Benefit Fee Equal to Park Acquisition and •At City Discretion for UID Development Facilitation–3
Payments–Public Benefit Contribution ($8.0 Million)•
Recommendation Community Benefit AgreementCouncil Adopt the Resolution Approving the •
Questions