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• <br />1. Size of Site: 602.99 acres (gross) <br />587.00 acres (net less right-of-way dedications) <br />2. Zoning Classifications: <br />Current: RM -8, Residential Multi -Family <br />A-1, Agricultural <br />Proposed: PDTND, Planned Development Traditional <br />Neighborhood Development <br />3. Land Use Designations: M-1, Medium Density 1 (up to 8 units/acre) on 95.52 <br />acres <br />AG -1, Agricultural 1 (up to 1 unit/5 acres) on 507.47 <br />acres <br />4. Commercial/Office Area Proposed: 26.65 acres or 4.41 % of project area <br />170,000 sq. ft. floor overall <br />a. Maximum at SR 60/entrance area: 42,500 sq. ft. floor area (25%) <br />b. Maximum in Town Center: 127,500 sq. ft. floor area (75%) <br />Note: Many of the buildings in the commercial/office areas accommodate 21 floor <br />residential units. Thus, many buildings will contain a mixture of <br />commercial/office and residential units. <br />5. Total Units Proposed: 1,199 units (maximum) <br />The 1,199 residential units exceed the normal Development of Required Impact <br />(DRI) threshold for Indian River County. That threshold may, however, be <br />exceeded for a mixed use project, such as the one proposed. During the PD review <br />process, the applicant has coordinated with the Department of Community Affairs <br />(DCA) and the Treasure Coast Regional Planning Council (TCRPC). Since the <br />developer is proposing a traditional neighborhood design (TND), the DCA and <br />TCRPC have indicated that the development should not be subject to full DRI review <br />and approval but can be approved at the State and Regional levels via the binding <br />letter process. That process has been used by other developments in the county, <br />including Sams/Wal Mart and Horizon/Prime Outlets (existing phase). <br />The Board of County Commissioners can approve this development subject to the <br />developer obtaining a binding letter or can require the developer to obtain a binding <br />letter prior to rezoning and conceptual PD plan approval. In staffls opinion, the <br />development should be approved with a condition that the binding letter be obtained <br />prior to release of the Phase IA preliminary PD plan. <br />6. Density: Proposed: 2.04 units/acre <br />Allowed: 2.13 units/acre <br />Units Inside USA Proposed: 64% of project total <br />Required (minimum): 60% of project total <br />The number of units and resulting density are calculated in accordance with comprehensive <br />plan policy 18.3, which requires 60% of the density to be derived from inside the urban <br />MARCH 9, 1999 <br />33 <br />BOOK 103 PACE 554 <br />