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HomeMy WebLinkAbout5/6/2025 Item 7b, Tway and Cohen - Staff Agenda CorrespondenceCity of San Luis Obispo, Council Memorandum City of San Luis Obispo Council Agenda Correspondence DATE: May 6, 2025 TO: Mayor and Council FROM: Timmi Tway, Community Development Director Rachel Cohen, Principal Planner VIA: Whitney McDonald, City Manager SUBJECT: ITEM # 7b - INTRODUCE AN ORDINANCE AMENDING THE AIRPORT AREA SPECIFIC PLAN TO ALLOW MIXED-USE RESIDENTIAL DEVELOPMENT WITHIN THE SERVICE COMMERCIAL (C-S) AND MANUFACTURING (M) ZONES SUBJECT TO A CONDITIONAL USE PERMIT WHERE APPROPRIATE AND CONSISTENT WITH THE AIRPORT Staff received the following questions regarding the proposed amendments to the Airport Area Specific Plan. The questions are below with staff’s response shown in italics: 1) The consultant identified “minimum commercial requirements for residential projects” as an option for addressing the fiscal impacts of the zoning change. Is this a viable option that staff is supporting? Would this be determined on a project-by-project basis? Would it require an economic study at the time of the CUP application? Yes, the Kosmont Study identified that minimum commercial requirements for proposed mixed-use projects could achieve fiscal neutrality. However, Kosmont also highlighted the disadvantages of a prescriptive minimum amount, since there are other options to achieve fiscal neutrality and a prescriptive approach could limit any new development (residential and/or commercial) in the AASP area, as a required amount of commercial space may render new development projects financially infeasible, and thus unable to proceed at all (Attachment E, Page 11). Based on these disadvantages, the proposed amendment does not require a minimum commercial square footage as part of the requirements of the Conditional Use Permit (CUP). Rather, staff is recommending that each project be evaluated on a project-by-project basis, allowing flexibility and the ability for the applicant to determine the right mix of uses that best suits the project’s goals and feasibility. For example, there are currently parcels within the AASP that contain existing commercial development that have capacity to add a certain number of residential units to the site (e.g. horizontal mixed-use) and meet the fiscal neutrality requirement. The CUP would require the applicant to provide an economic analysis that demonstrates how the project achieves fiscal neutrality whether that is through providing enough commercial space to offset the residential units or a mechanism where fees are collected from homeowners to provide public services (e.g. Community Facilities District (CFD)).