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4. Filed by the Olson Company to allow 86 live-work units encompassing three city blocks within the artists Village; to increase the density from 22 dwelling units per acre to 27 dwelling units per acre and to subdivide 3.18 acres creating 86 condominium lots for construction of live-work lofts. PUBLISHED IN THE REGISTER: October 12, 2001 PUBLICLY NOTICED: October 12, 2001 Recommendation: Recommend that the City Council: 1. Adopt a resolution approving Conditional Use Permit No. 01-28 as conditioned. 2. Adopt a resolution approving Variance No. 01-09 as conditioned. 3. Adopt a resolution approving Vesting Tentative Tract Map No. 16217 John Reekstin presented the staff report and provided an outline of the redevelopment efforts. He stated that the live/work project was the key to finalizing the revitalization of the Downtown. He advised the Commission that in response to noise issues raised at the study session a meeting has been held and substantial progress has been made. Sergio Klotz provided a report on the land use and the project area was outlined. The project consists of 86 live/work for-sale units. A homeowners association will be established and Conditions, Covenants, and Restrictions will be recorded. ' Mr. Buckland of the Olson Company provided a history of the company and their primary mission of providing housing for urban area. He also described several projects in other cities that they have developed. The proposed project was outlined including sales prices and demographics. Financing for the project and lenders for buyers was provided. Vincent Sarmiento provided a letter from Thever and Associates, Attorney's at Law, for review by the Commission. Vice-Chairman Nalle opened the public hearing. Dr. Lomeli, James Kendrick, Mike Mcgee, John Gothold, and Kathy Morehead spoke in support of the project. Vincent Sarmiento addressed the Commission and stated that he would like to support the project but there were environmental and noise issues that still need to be addressed before he could. Glenn Calsada, attorney for Festival Hall, spoke regarding mitigation measures that would be necessary to make the live/work project and Festival Hall compatible. ' Vice-Chairman Nalle closed the public hearing. Discussion ensued regarding mitigation measures for the project and Festival Hall. Mofion to recommend that the City Council: 1. Adopt a resolution approving Conditional Use Permit No. 01-28 as conditioned. 2. Adopt a resolution approving Variance No. 01-09 as conditioned. 3. Adopt a resolution approving Vesting Tentative Tract Map No. 16217 PLANNING COMMISSION MINUTES 5 OCT08ER 22, 2001