Zoning Resolution 21-Z-184 - Laserfiche WebLink

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Under this site plan modification, the Applicant is seeking to purchase and assign TDR's in the amount of 287 square feet of FAR and zero (0) dwelling units. The assignment and payment for the additional TDRs shall be as per Condition No. 2 stipulated in Section VII. Please note that one (1) dwelling unit in the City's TDR bank is equivalent to 1,997 square feet of floor area. Price of TDRs The appraisal report done by Appraisal First Real Estate Appraisers, LLC. Date stamped September 3rd, 2021, reflects the square foot market value of the subject property (17749 Collins Ave) as One Hundred Twenty-five Dollars ($125.00) of allowable FAR. The Applicant has agreed to pay the square foot value of One Hundred and Twenty -Five Dollars ($125.00). Thus, the total TDR purchase is Thirty -Five Thousand Eight Hundred Seventy -Five Dollars ($35,875.00). Please refer to Condition No. 2 in Section VII. The effect of the TDRs purchase and approval on the project would be an increase in intensity (square footage). 3. Traffic Engineering — Not applicable 4. Landscaping Architect — Not applicable 5. Civil Engineering — Not applicable VI.FINAL ANALYSIS Based on the above review by City Staff, the application is consistent with the City's Comprehensive Plan and the City's Land Development Regulations. The site plan modification requesting an increase of 287 square feet of FAR, will only affect Unit 1802 increasing the overall FAR of the unit from 4,609 square feet to 4,896 square feet of FAR. The Applicant has not requested any variances as part of this application. Staff has reviewed the application requests and has no objection if all conditions are accepted. VII. CONDITIONS If the City approves this application, the application will be subject to the following conditions set forth in Section VII. Conditions to be completed before demolition, below grade or building permits are issued. M