PC Packet 03.28.19 - Laserfiche WebLink

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Narrative Introduction This application is for a conditional use permit, final plat, and site plan approval of the property identified by PID: 1903121210013. Statement of zoning classification The site is zoned R-5 Medium Density Residential. The proposed development is consisting with the existing zoning classification. Background on site The current use of the property is raw land. The total property consists of 18.15 acres, however a majority of the site is either wetland or covered by a conservation easement that prohibits construction. This leaves the total buildable acreage of 4.787 acres acres (excluding any potential wetland credits). Proposed project MWF Properties is looking to pursue the development of a three-story multifamily housing project that would consist of 45 housing units in a three-story apartment complex with underground parking. The anticipated unit mix is 6 1 -bedroom, 18 2 -bedroom, and 213 - bedroom units. The number of units is allowable with a conditional use permit that will be submitted in the fall of this year. The project will consist of a mixture of surface and underground parking that will equate to 103 stalls, over 2 parking stalls to every residential unit. In addition to underground parking, on site amenities would include: secure access, in unit laundry, on site management including a manager's office, a community room, a fitness center, and an outdoor children's play area. The project would be rented to working class families ("workforce housing") who earn 60% of the area median income or less. This equates to $40,000 to $65,000 depending on household size. Rents will average $725 for a one bedroom, $985 for a 2 -bedroom, and $1,200 for a 3 - bedroom.