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2. The PUD zoning designation may discourage redevelopment interest as <br /> developers are often concerned that planned unit development will mean higher <br /> City expectations and resulting increased development costs. <br /> 3. The existing B-3 zoning designation applied to the subject property currently <br /> provides a means to implement the City's Land Use Plan. Thus, most of the <br /> same long term land use objectives could be achieved without the use of planned <br /> unit development. <br /> 4. Typically, PUD projects involve a greater level of City administration/involvement <br /> than projects subject to standard zoning. Such involvement may increase <br /> processing costs. <br /> CONCLUSION <br /> <br /> There are both advantages and disadvantages to applying a planned unit development <br /> (PUD) zoning designation to the subject property. <br /> Primary advantages to applying a PUD zoning designation relate to the ability of the <br /> City to be flexible in terms of its land use and development standards (which may <br /> increase developer interest in the area). Such flexibility commonly results in a higher <br /> quality development product than what could otherwise be achieved via standard <br /> zoning. <br /> A primary disadvantage associated with PUD zoning relates to a possible developer <br /> perception that PUD zoning will escalate development costs. Other disadvantages <br /> include increased administrative costs (associated with greater City involvement) and a <br /> possible need to amend the Comprehensive Plan. <br /> Pc: Kathy Glanzer <br /> Steve Westerhaus <br /> Lee Elfering <br /> 5 <br /> <br />