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The development will not be inconsistent with the purpose of the <br />underlying zone or applicable designation in the general plan land <br />use element. <br />At the time of adoption, the City found that the Adaptive Reuse <br />Ordinance would not adversely affect the character, livability <br />or appropriate development in the City and that the adaptive <br />reuse ordinance is consistent with the goals, objectives and <br />provisions of the City's General Plan. Pursuant to the <br />ordinance, residential uses are permitted in the project <br />incentive areas irrespective of the underlying zoning as part <br />of an approved adaptive reuse project. <br />.Therefore, pursuant to the Adaptive Reuse Ordinance, the <br />proposed project is found and determined to be consistent <br />with ; the purpose of the underlying zone or applicable <br />designation in the general plan land use element. Moreover, <br />the project supports the Adaptive Reuse Ordinance and <br />General Plan policies of: encouraging high -density residential <br />development within the City's District Centers; promoting <br />rehabilitation of commercial properties; supporting <br />development which provides a positive contribution to <br />neighborhood character and identity; encouraging the <br />retention and reuse of historical buildings and sites; and <br />encourage development which provides a clean and safe <br />environment for the City's residents, workers and visitors. <br />3. The deviation is necessary to make it economically feasible for the <br />Applicant to utilize a density bonus authorized for the development <br />pursuant to section 41-1603. <br />The proposed project requires two deviations through <br />incentives/concessions: (1) Building Height and Number of <br />Stories; and (2) Underground Utility Installations. The two <br />deviations are described as follows: <br />Building Height and Number of Stories <br />(Incentive/Concession) <br />The maximum height permitted in the Corridor District of the <br />Midtown Specific Plan (SP-3) is 35 feet or three stories <br />(whichever is less). As proposed, the height of the new <br />structure would be 54 feet, six inches (54'6"), and four -stories. <br />The proposed fourth story is needed to make construction of <br />the residential development financially feasible. As designed, <br />the upper three levels above the ground floor parking are <br />Resolution No. 2022-14 <br />Page 3 of 12 <br />