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4. What is the potential impact to residential development within the city if <br />affordability is mandated? What is the impact to commercial /industrial <br />development? <br />Staff is of the opinion that the proposed policy statement clearly identifies the council's <br />preference and intent to provide affordability while still providing flexibility as we work <br />through the necessary ordinance requirements. <br />Item 5. The Council is proposing to provide increased density as an incentive for <br />meeting higher standards or public values beyond the minimum required. Provisions for <br />a density bonus are included within the Land Use Policies within the draft plan (pg. 3 -3, <br />Policy No. 5 and 6). It is anticipated that the density bonus concept would get addressed <br />as part of the zoning ordinance update, most likely as part of the PUD requirements. <br />Discussion <br />The City Council would like to get feedback from the advisory panel regarding the <br />proposed modifications and concepts. <br />Attachments <br />1. Proposed 5 Year Phasing Plan <br />2. Proposed Growth Management Policy Changes <br />3. Proposed Housing Policy Changes <br />4. Proposed Incentive Policy (pg. 3 -3, No. 5 & 6) <br />3 <br />