Resolution No. 5032 - Laserfiche WebLink

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for Multiple -Unit Housing Property Tax Exemptions adopted by Administrative order No. 53.09- 01-F. 2.5 The applicant has responded to the public benefit criteria as follows: 2.5.1 Public Benefits o Density, The project will be built in the a -2 zone. The c -2 zone does not require housing. Therefore, all 100 residential units will be in excess of density requirements. o Green Building Features. The applicant plans to attain LEED certification and submitted the LEED Registration Number, Project checklist which demonstrated an award of Gold (and at least five points more than the minimum needed for certification, and a narrative describing the project's green elements. o Mixed Income The Paradigm on Pearl will not include housing dedicated to controlled income. o Homeownership- No units are designated for home ownership. However, the project is being constructed to quality standards that meet market expectations for condominiums with a possibility that condominium conversions will be undertaken at some point after completion of the project. o Accessibi All of the residential units will be ADA adaptable. Two of the units will be ADA accessible. o Historic 5ensitivit . The project is not immediately adjacent or contiguous to a- historic structure. o Location. The project is not located in the Downtown Plan Area. o Parking. The project is in a Residential Parking Permit Zone and will have 105 parking spaces, of which 78 will be code spaces designated for residential use. The project will provide 27 residential parking spaces beyond the 51 required by code. 2.5.2 Longevity of Public Benefits. All of the public benefits listed above will extend beyond the period of the tax exemption. 2.5.3 Points Awarded The applicant has been awarded 440 public benefit points. Page 2 of 3 Resolution EXHIBIT B — Report and Recommendation