75A - PH 1901 East First St - Laserfiche WebLink

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Ordinance Second Reading, VTTM No. 2013 -04 & SPR No. 2013 -03 November 18, 2013 Page 2 The Lyon Community project at 1901 East First Street will be a new 254 -unit multi - family residential project in a contemporary architectural style featuring a wide variety of unit types, an extensive amenity package, a retail component, and the provision of both private and publicly - accessible open space. Parking for the project will be provided within an existing parking structure. The project site is located within the Metro East Mixed Use Overlay Zone and was previously entitled as the First and Cabrillo Towers, for which environmental impacts reports were previously prepared. Additional environmental analysis was performed for the proposed project in the form of an addendum to the previously - certified EIRs. This addendum did not identify any additional environmental impacts. The requested actions would approve the addendum to the EIR, modify the existing development agreement to reflect the proposed project, approve a vesting tentative tract map that would allow for the potential for future condominium sales of the units, and approve the site plan for the project. Additionally, after the Planning Commission hearing, a condition of approval has been recommended by staff to be added to the entitlements that require the construction of a block wall and decorative wrought iron fence along the east property line of the site, in line with an agreement reached between property owners. Additionally, at the recommendation of the Council Ad Hoc Committee, and as agreed to by the applicant, the Council approved modifications to the development agreement to incorporate 10 affordable units into the project and to allow the addition of 10 more units to the project, resulting in a total of 264 units. VESTING TENTATIVE TRACT MAP NO. 2013 -04 AND SITE PLAN REVIEW NO. 2013 -03 On August 26, 2013, the Planning Commission recommended that the City Council adopt a resolution approving both Vesting Tentative Tract Map No. 2013 -04 and Site Plan Review No. 2013 -03. Although the project will initially be a rental project, approval of the vesting tentative tract map will allow the applicant the ability to sell the units in the future as economic conditions warrant. The site plan review approval is a determination that the project is consistent with the provisions of the Metro East Mixed Use (MEMU) Overlay Zoning Code. However, since changes needed to be made to the project to incorporate the 10 affordable housing units recommended by the Council Ad Hoc Committee, the Council was unable to act on these two applications at their October 21, 2013 Council meeting. The applicant has since revised the plans to reflect two significant changes: The incorporation of 10 affordable units into the project; and the addition of 10 more units into the development, resulting in a total unit count of 264. The attached plans reflect the changes made to the project per the City Council's approval of Amendment to Development Agreement No. 2007 -01 on October 21, 2013 (Exhibit B). 75A -2