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Agenda Number: E1 <br />CITY OF HUGO <br />PLANNING AND ZONING APPLICATION <br />STAFF REPORT <br />TO: Hugo Planning Commission <br />FROM: Pierre Giguere, Community Development Intern <br />SUBJECT: MWF Properties Frenchman Lofts Sketch Plan <br />DATE: July 9, 2018, for the Planning Commission Meeting of July 26, 2018 <br />ZONING: Medium Density Multifamily Residential (R-5) <br />60 -DAY REVIEW DEADLINE: July 26, 2018 <br />1. BACKGROUND: <br />Starting in 2008, the City Council approved a rezoning, preliminary plat and final plat for a <br />phased development on 54.1 acres known as Frenchman Place. Developments within Frenchman <br />Place include medical buildings, a daycare, and a church. The proposed Frenchman Lofts <br />apartment project is proposed to be located on an outlot of Frenchman Place. <br />2. DESCRIPTION OF REQUEST: <br />The applicant, MWF Properties, has proposed to develop a three story, 45 -unit multifamily <br />apartment complex with both surface and underground parking upon an 18 acre parcel. The <br />footprint of the apartment is approximately 19,000 square feet. The total building square footage <br />is approximately 75,000 square feet including the below ground garage. <br />The applicant has stated that approximately 4.5 acres are buildable. The applicant has a purchasing <br />agreement to buy the property from the owner. The property is located northeast of Festival Foods. <br />The site contains wetlands, therefor a wetland delineation will be required. Buildable acreage for <br />the site will then be determined. The project is proposed to provide rental housing to working class <br />families who earn 60% of the area median income or less. This equates to $40,000 to $65,000 <br />depending on household size. The applicant will be applying for Section 42 Housing Tax Credits <br />(LIHTC). In return for these credits, MFW Properties is required to rent to households earning <br />