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r <br />APS 2 8 1�, <br />BOOK 8'6 FN.vE �j 7 <br />Victory Park, which is not too far away, is zoned RM -10 and is <br />built out at 9.1 dwelling units per acre density. <br />Chairman Eggert asked about buffering requirements, and <br />Director Keating responded that both a planned development and this <br />project would require 25 -foot buffers, and even though there is the <br />25 -foot setback from the right-of-way in the RM -8 district, there <br />are some infrastructure improvements allowed in the setback that <br />cannot be put in the buffer. This property happens to be bordered <br />on three sides by roadway, so the setback would be comparable to a <br />planned development. <br />Commissioner Bowman asked for clarification of impervious area <br />and retention pond requirements. Director Keating explained that <br />there are a number of ways to accommodate drainage. It can be <br />incorporated with underground drainage or with swales. An <br />important factor is that it must be held on site, but those are <br />site plan factors which are not under consideration at this time. <br />Director Keating stated that staff's recommendation is RM -8. <br />The Chairman opened the public hearing and asked if .:anyone <br />wished to be heard in this matter. <br />Christopher Moench, president of Community Housing and <br />Development Corporation, came before the Board and explained that <br />Community Housing and Development Corporation is the managing <br />general partner of Gifford Elderly Housing, Ltd. Gifford Elderly <br />Housing, Ltd., will be the owner of the proposed apartment complex. <br />Mr. Moench, individually, is also a general partner in Gifford <br />Elderly Housing, Ltd., and he currently has the property under <br />contract and represents the land owner, Mr. Carter. <br />Mr. Moench requested a rezoning of the 4.8 acre parcel from <br />RS -6 to RM -10 to build a 42 -unit elderly apartment complex. The <br />apartment complex would be financed by Farmers Home Administration <br />through their Section 515 program but the rezoning must be obtained <br />first. Currently, the plan is to build 6 -unit buildings and Mr. <br />Moench explained that a zoning of RM -8 would limit the number of <br />apartments to 36. He explained that fewer units would have an <br />impact on the rental cost per unit because it would spread the <br />costs of the construction of the common areas and the overall land <br />costs over fewer units, so the elderly who are on a fixed income <br />will pay more rent with the lower density. He pointed out that the <br />RM -8 zoning just misses his need of 8.5 units per acre. With an <br />average of 1.5 persons per household in the apartment complex there <br />would be approximately 63 people living there whereas if it were a <br />single family development with an average of 3.5 persons per <br />34 <br />s <br />