Ordinance No. 20585 - Laserfiche WebLink

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economic development, incorporate educational aspects, support appropriate enhancement of riverfront habitat and promote a mix of uses that complement and support existing downtown riverfront uses. Assumptions: This new special area zone applies to about 27 acres of land on the east side of downtown, along the riverfront (also known as the Eugene Water and Electric Board riverfront site). Consistent with Envision Eugene's goal of compact urban development and accommodating more multi -family homes and jobs inside the current UGB, City staff provided support to the Eugene Water and Electric Board's (EWEB) design staff and a nine -member Community Advisory Team for development of the EWEB Riverfront Master Plan. The new special area zone for the site is intended to implement the plan. Analysis: The EWEB riverfront site has been and will continue to be the focus of several City resources and tools in order to help facilitate redevelopment of the site. These include the site currently sitting within both the newly adopted Multiple Unit Tax Exemption (MUPTE) boundary and the urban renewal district, adoption of the Riverfront Special Area Zone for the EWEB site, project coordination assistance, permit facilitation, and commitments to park and infrastructure improvements. The EWEB redevelopment scenarios for the site include different scenarios. Depending on how it is developed, if the development includes a residential focus the range is estimate to be about 250-450 dwellings.9 Timing: The City Council adopted the Downtown Riverfront Special Area Zone on July 8, 2013. The City's action was acknowledged by the Oregon Department of Land Conservation and Development pursuant to ORS 197.625(1)(a). Efficiency Gained: The primary efficiency measure tool is development incentives received under the MUPTE program. However the City finds that a programmatic approach is important and that together, Measures 5, 6 and 7 will accommodate 1,003 high density residential dwellings in the downtown, or about 47 acres10 of high density residential capacity. 3. Conclusion Based on the measures above, the City has created additional capacity for residential land within its 2012 UGB. The capacity identified in the 2012 Residential Land Supply in Part I of this Study and the Housing Needs Assessment (HNA) in Part 11 of the Study, together with the capacity identified through these measures, determines whether the City has enough residential land for the next 20 years or whether it needs to expand its UGB to meet all of the residential demand. 9 EWEB Riverfront Master Plan, 2010, Page 72. io The average densities seen in high density residential are 21.5 per gross acre. 1,003 high density dwellings divided by 21.5 is 46.7 acres. Residential Land Supply Study I Final Part IV — Page 12