To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Tara Vargish, PE, Director, Development Services Department
BrieAnna Simon, Senior Planner, Development Services Department
Title
Resolution Approving a Site Development Plan for the Unity on Park Street Multi-family Residential Housing Project (Lot 3 Castle Park West, 1st Amendment) [Wellspring Community, 884 Park Street]
Body
________________________________________________________________________________
Executive Summary
Wellspring Community is seeking approval of a Use by Special Review - Site Development Plan for a multifamily development. Wellspring Community has partnered with the Douglas County Housing Partnership (DCHP) on this project and, the project developer - Unity at Park Street LLLP for the renovation of the old La Quinta Inn in Castle Rock. The renovation will result in a 42-unit apartment complex with half of the units set aside for households with disabilities especially those with intellectual and developmental disabilities (ID/D) and the remaining units offered with attainable rents for residents earning between 30 - 80% of the Area Median Income (AMI).
The proposal is in conformance with the B - Business/Commercial Zoning Regulations of the Municipal Code, and with Town Municipal Code and technical criteria. All staff and external comments have been addressed through the review process.
Budget Impact
Unity at Park Street LLLP has submitted a request for a fee waiver. Town code provides for development impact fee (§3.16.050) and system development fee (§13.12.080J) reductions of up to 100 percent for attainable housing projects. Per code, “A qualifying attainable housing project and unit shall be defined as a housing project or unit participating in an attainable or affordable housing program through the Douglas County Housing Partnership, Colorado Housing Finance Authority or other certified local, state or federal attainable housing program.” Waivers of this type require Town Council approval. The fee waiver request will be considered by Town Council on November 7, 2023.
Staff Recommendation
Planning Commission voted 6 - 0 to recommend to Town Council approval of the Site Development Plan, as proposed on October 26, 2023.
Proposed Motion
Option 1: Approval
“I move to approve the resolution, as introduced by title.”
Option 2: Approval with Conditions
“I move to approve this resolution as introduced by title with the following conditions:” (list conditions)
Option 3: Continue item to next hearing (need more information to make decision)
“I move to continue this item to the Town Council meeting on [date certain], 2023, at 6 pm.”
Attachments
Attachment A: Resolution
Attachment B: Vicinity Map
Attachment C: Site Development Plan