03-07-2016 Council Packet - Laserfiche WebLink

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4. The storage area is blacktopped or concrete surfaced, unless an alternative wear -resistant material is determined by the City Engineer to be suitable to control dust and drainage and is specifically approved by the City Council. 5. The storage area does not take up parking space or loading space as required for conformity to this Ordinance and is not located in the front yard. 6. The property shall not abut I -35W or I -35E. 7. The ratio of storage area to building footprint shall not exceed 2.5:1. 8. All parking, loading and truck staging activities shall occur on site. On -street parking and loading associated with the use is prohibited. 9. Storage shall not include material considered hazardous under Federal or State Environmental Law. As noted above exterior storage is not allowed on property abutting 35E or 35W. Staff discussed the possible consideration of an amendment that would allow for trailer storage in these areas. Possible considerations may be to allow trailer storage as an accessory use. The City could limit the location and number of trailers. Berming and landscaping would be a requirement as well. The Planning & Zoning Board discussed the issue at its February 2016 meeting and indicated support for amending the zoning ordinance to accommodate the trailer storage. Tax Increment Financing (TIF) TIF is a financing tool frequently used for economic development purposes. In simple terms TIF is a funding mechanism that uses the increased taxes paid by development (increment) to offset project development costs. It is often used to fund public improvements, write down land costs, or fund site development costs. The developer is reviewing project development costs and preparing an application for City review. At this time staff is interested in have a general discussion on the topic. Consideration of a Tax Increment Financing package will be based on both City TIF policy and our Business Subsidy requirements. EDAC will be discussion the proposal at its March 3, 2016 meeting. No formal application has been received at this time. Requested Council Direction None. Discussion only.