75E - PH - 2525 N. MAIN ST._ADJOURNED

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EIR No. 2018-01, DA No. 2018-01, GPA No. 2018-06, AA No. 2018-10 2525 North Main Street February 5, 2019 Page 22 2. Unit Mix: Increase number of family units from 20 percent to 30 percent (two- and three- bedroom units). 3. Parking Management: Increase number of spaces or capacity to increase the onsite ratio of onsite parking to an equivalent of 2.00 spaces per unit. Further, a parking management plan shall be submitted that maintains this ratio prior to Certificate of Occupancy and throughout the life of the project. Provisions to meet this standard may include an onsite valet parking service. 4. Design: Incorporate two courtyards into the portion of the project that is located along the north property line adjacent to Santiago Park. The staff recommended changes to the development discussed above will be codified in the Specific Development as follows: Table 12: Specific Development - Development Standards Development Standard Specific Development Section Number of Units Section 3 a Unit Mix Section 3 b Parking Section 10 Design North Building Elevation Section 12 (b)(3) Conclusion Staff supports the conversion of the existing vacant office buildings to residential. If approved, the project will provide additional housing in a prime location that is accessible to retail and employment opportunities with multimodal transportation options. The project provides general fund revenue as well as community benefits for the neighborhood and Santiago Park. The project will also enhance the City's economic and fiscal viability through the increase in property tax values as well as an increase in sales tax generated from the residents. The Planning Commission recommended denial due the increase in traffic resulting from the project, the massing and density of the project, the project's incompatibility with the surrounding community, potential adverse effects of the project on the adjacent Park Santiago neighborhood, the lack of community support for the development, potential long term impacts associated with the proposed development, and concerns with potential parking intrusion on the adjacent neighborhood. STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's efforts to meet Goal #3 - Economic Development, Objective #2 (create new opportunities for business/job growth and encourage private development through new General Plan and Zoning Ordinance policies). 75E-22