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Comments RE Caribou Industries Mixed -Use Project November 17, 2020 Page 3 of 9 B. DISCRETIONARY LAND USE AND CEOA FINDINGS MUST BE MADE The Project requires numerous discretionary approvals, including:' • Site Plan Review No. 2020-01. Site plan review to allow the construction of a 16-story mixed -use development • Site Plan Review No. 2020-02. Site plan review to allow the construction of a 10-story hotel. • Density Bonus Agreement No. 2020-01. The Applicant is requesting a 35 percent increase in density and concessions and waivers for floor area, height, open space, massing and parking in exchange for providing 19 very low-income housing units on site. • Disposition and Development Agreement The Applicant is requesting approval of a disposition and development agreement to memorialize the sale of the property, Proj ect's terms, conditions, and obligations and provide vesting development rights for the project components. To grant the abovementioned Project Approvals, the City must make numerous discretionary CEQA and land use findings pursuant to SAMC 41-1607 and Pub. Res. Code § 15162, including but not limited to the following: • (t)hat the proposed development will materially assist in accomplishing the goal of providing affordable housing opportunities in economically balanced communities throughout the city; • (t)hat the development will not be inconsistent with the purpose of the underlying zone or applicable designation in the general plan land use element; • (t)hat the deviations are necessary to make it economically feasible for the Applicant to utilize a density bonus authorized for the development; • (whether) substantial changes are proposed in the Project which will require major revisions of the previous EIR or negative declaration due to the involvement of new significant environmental effects or a substantial increase in the severity of previously identified significant effects; • (whether) substantial changes occur with respect to the circumstances under which the project is undertaken which will require major revisions of the previous EIR or negative declaration due to the involvement of new significant environmental effects or a substantial increase in the severity of previously identified significant effects; and i Variance No. 2020-05 to allow off site reserved parking, deviations from the off-street parking design requirements to allow use of mechanical stackers and valet parking service and Tentative Parcel Map No. 2020-02 to subdivide the property into two lots already have been approved. Ostensibly, once sold by the City and developed, the Applicant can sell the two lots separately to new owners.