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5 -year CIP; they are not fully funded and only right-of-way acquisition is planned to occur within the next 5 years. Historic Approvals on the Subiect Site On March 4th 2003 the BCC approved a rezoning request initiated by Simon Property Group, LP to change the subject site from 4.5 acres of A-1, Agricultural -I District; 16.6 acres of RM -6, Multiple -Family Residential (up to 6 units/acre); and 19.2 acres of RS -6, Single -Family Residential (up to 6 units/acre) to RM -8, Multiple -Family Residential (up to 8 units/acre) (see Attachment 4). Subsequently on January 20th 2009, the BCC reviewed and approved a request from Sunnyside Up 1, LLC to rezone the subject site from RM -8, Multiple -Family Residential (up to 8 units/acre) to PDTND, Planned Development Traditional Neighborhood Design. That approval allowed for up to 354 residential units (a mix of single and multiple family) and approximately 32,000 square feet of commercial/retail space with a reverter clause stating that if no project construction had commenced within 10 years from approval of the ordinance, the PD zoning would terminate and revert back to the prior RM -8 zoning. In 2009, the BCC modified this planned development's reverter deadline to increase it by 2 years (see Attachment 5). Subsequently on December 13th 2011, the BCC extended the reverter deadline 7 additional years to January 20th 2029 (see Attachment 6). The current rezoning request, if approved, would revert the subject site back to the RM -8 zoning district that was previously approved by the BCC in 2003. Zoning District Differences In terms of potential uses, there are a few substantial differences between the existing PDTND district and the proposed RM -8 district. The most notable difference between the existing PDTND district and proposed RM -8 district, is that the proposed RM -8 zoning district allows for a maximum of approximately 322 residential units while the existing PDTND district allows for a total of 354 residential units and 32,000 sq. ft. of commercial floor area. The purpose statement for these zoning districts, found in the County's Land Development Regulations (LDRs), are as follows: Planned Development Traditional Neighborhood Design: The Planned Development Traditional Neighborhood Design zoning district is established for the following purposes; • To implement the policies of the comprehensive plan. • To provide for planned residential communities, containing a variety of .building arrangements, planned commercial and tourist commercial centers, planned industrial parks, planned public and quasi -public facilities, or planned multiple use centers which include a diversity of residential, commercial, industrial and public uses that are complementary and compatible with adjacent areas and developed in accordance with an approved development plan. • To allow diversification of uses, structures, and open spaces in a manner compatible with existing and pennitted land uses on abutting properties. • To reduce energy costs through a more efficient use of land design and smaller networks of utilities and streets. than is possible through application of other: zoning districts and subdivision requirements. • To ensure that development will occur according to the limitations of use, design, density, 121