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Rosemary Apartments Site Plan and CUP Frenchman Place 4th Addition Final Plat Page 3 questions during the public hearing were answered. There may be a separate meeting on other drainage items not related to this project. 2. DESCRIPTION OF REQUEST: The developer is requesting approval of a site plan and conditional use permit (CUP) for a three story approximately 80,000 square foot apartment building (including underground parking lot) for the property located north of Rosemary Way and west of Everton Avenue. Apartments are allowed in the Medium Density Multiple Family Residential (R-5) with a CUP. The property is 18.15 acres, including several wetlands for a total of 4.6 acres buildable. The density of the project would be ten units per acre, meeting the zoning district regulations. The apartment would be rented to persons or families who earn 60% of the area median income or less. This equates to $45,000 to $65,000 depending on household size. Rents will average $725 for a one -bedroom, $985 for a two -bedroom, and $1,200 for a three -bedroom. The anticipated unit mix is 6 one -bedroom, 18 two -bedroom, and 21 three -bedroom units. The developer is also requesting approval of a final plat for Frenchman Place 3rd Addition. This project will plat one 1 from Outlot B, Frenchman Place consistent with the preliminary plat. 3. CONTEXT: A. Surrounding Land Use and Zoning The properties to the north are zoned Agricultural (AG) and are occupied by large lots and single family homes. The property to the east is zoned Medium Density Multiple Family Residential (R-5) and is occupied by Christ Lutheran Church. The properties to the south are zoned General Business (C-2) and are vacant. The property to the west is zoned Planned Unit Development is occupied by townhomes. B. Existing Site Characteristics The property is currently vacant and contains several wetlands. The upland of the property was used for stockpiling of dirt, but is normally generally flat. 4. BACKGROUND: The property is part of the Frenchman Place development that was master planned in 2008. There are several lots in the development that were proposed to be a combination of institutional, residential, and commercial uses. The developer at the time, indicated that this lot would be developed at an apartment building. Site plan approval is required for each lot as it develops. The City Council agreed with the approval of the preliminary plat that the proposed lot and building layout, street alignments, and proposed uses functioned properly and fit in with the surrounding areas. The Medium Density Multiple Family Residential (R-5) allows for the expansion and development of medium -density multiple -family uses such as townhouses and apartments where