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TTM No. 2017-03 — Subdivide Parcels at 905 East Second Street; 910, 927, 928 & 1000 East <br />Third Street; and 1026 East Fourth Street <br />February 20, 2018 <br />Page 2 <br />roof deck. The townhome units will also be three stories in height and will range in size from <br />1,363 square feet to 1,836 square feet. Three different floor plans will be provided, consisting of <br />two, three and four-bedroom units with two and a half or three and a half bathrooms. Each unit <br />will also have a two -car garage, with Options Two and Three containing private balconies. <br />The architectural style of the single-family and townhome residences has been designed to be <br />contemporary in nature, embracing the industrial character of the subject sites and surrounding <br />area. Materials proposed for the residences include horizontal and vertical wood paneling, <br />stucco, corrugated metal, metal and glass cable railings, and vinyl windows. Amenities include a <br />pedestrian and bike paseo running in a north -south direction as well as two 6,800 -square foot <br />public parks. <br />The project is expected to generate new property tax revenue to the City with the conversion of a <br />truck service center and vacant land into a residential development. It is estimated that property <br />tax revenue of approximately $585,000 will be generated annually from this project. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #3 - Economic Development, <br />Objective #2 (create new opportunities for business/job growth and encourage private <br />development through new General Plan and Zoning Ordinance policies). <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Candida Neal, AICP <br />Acting Executive Director <br />Planning & Building Agency <br />VF: rb <br />S:RFCAX2018\02-20-181PBA TTM2017-03 Toms Truck Subdivision <br />Exhibit: A. Planning Commission Staff Report <br />32A-2 <br />