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The applicant is now requesting approval of the first two steps. If this request is approved by the Board of County Commissioners, the applicant will then need to obtain a land -development permit for the required PD infrastructure improvements. *Planning and Zoning Commission Recommendation At its meeting of January -25, 1996, the Planning and Zoning Commission recommended unanimously (6-0) to approve the preliminary PD plan subject to Board of County Commissioners approval of the special exception use, and recommended that the Board approve the special exception use request with the conditions outlined at the end of this report. *Board of County Commissioners Consideration The Board is now to consider the application and approve, approve with conditions, or deny the special exception use request. If the request is approved by the Board, the preliminary PD plan approval conditionally granted by the Planning and Zoning Commission at its January 25th meeting will automatically become effective. ANALYSIS: 1. Size of Development: 16.54 acres or 720,482 sq. ft. Net Size After Right - of -Way Dedication: 16.19 acres or 705,236 sq. ft. 2. Zoning Classification: RM -10, Residential Multi -Family (up to 10 units/acre) 3. Land Use Designation: M-2, Medium Density 2 (up to 10- units/acre) 4. Number of Units: 200 units S. Density: The applicant is proposing a 20% density increase in the project's normally allowed maximum density, using the affordable housing density bonus available through the PD process. The property also has density credit available to it from 1.46 acres of property dedicated (donated) to Indian River County in 1986 for Indian River Boulevard and 8th Street right-of-way. Both the affordable housing and right-of-way donation density bonuses are provided for in the LDRs. The total number of units allowed on the property is as follows: 16.54 X 10 units/acre* = 165.4 units 165.4 units X .2 = 33.08 affordable housing density bonus units 1.46 acres of right-of-way X 10 units/acre* = 14.6 units for 1986 right-of-way dedication (donation) 165.4 + 33.08 + 14.6 = 213.08 units allowed 200.00 units proposed Allowable Density = 12.88 units per acre Proposed Density = 12.09 units per acre *Based on RM -10 zoning of the site Pursuant to section 911.14(4) (zoning chapter) of the county's land development regulations (see attachment #4), the applicant has requested an affordable housing density bonus. _ The applicant is providing affordable housing through the Low - Income Housing Tax Credit Program administered by the Florida FEBRUARY 20, 1996 19 BOOK 9 7 r,{GF 340