Loading...
HomeMy WebLinkAboutELIZABETH STREET APTS - REZONE - 19-99 - REPORTS - RECOMMENDATION/REPORT W/ATTACHMENTS10/20/99 15:02 e949 440 8277 Q 003/003 Reason for Request: (Please attach additional sheets if more space is needed.) Property owner is under contract to sell property to petitioner for the development of a 50-unit affordable, senior (age -restricted) apartment project. Please attach listing of names and addresses of all persons owning land (as per Larimer County Assessor's office on date of request) within 500 feet of any portion of the area under petition for rezoning. State of California ) ss County of Orange Respectfully submitted Deborrah A. Willard Affordable Housing Alliance II, Inc. The forgoing instrument was acknowledged before me this 2^tQ= day of r''? __,_nGa2 1999- BY 3=-gc22�m 14 rA . tJ 1 L -m Q1, for the purpose therein set forth. My commission expires uc-)%( M. RATntAr CoMM ttlon # 1181%9 Notay Public - colitomia Orange county ► Y carom. Eapves"I.= --vJQW*Ta- - Notary Public Note: Firing of a petition to rezone requires a deposit of $856.00 with the City Clerk to defray the cost of the amendment. Please return to the Planning Department . City of Fort Collins. 10/20/99 15.02 V949 440 8277 2 002/003 CITY OF FORT COLLINs REZONING PETITION Petitioner: Name: Debormh A. Willard Affordable Housing Alliance 11, Inc. Owner: Name Colorado State University Research Foundation Julie Birdsal Address: 2600 Michelson Drive. Ste. 1050 Irvine, CA 92612 Address P.O. Box 483 Fort Collins, CO 80522 To the City Council of the City of Fort Collins, Colorado. I (We), the undersigned. do hereby respectfully petition and requeaK that the City Council amend the zoning ordinance of the City of Fort Collins by changing the zoning of the hereinafter described parcel, containing 1 .925 acres, more or less, from no zoning district to MMN zoning district: The Petitioners and/or the Property owner reserve the right to withdraw this petition and their signatures therefrom at any time prior to the commencement of the roll call of the City Council for the vote upon the second reading of the rezoning ordinance. (Legal description) C.OLORADO STATE UNIVEHSIIY (970) 482-2916 Fax: (970) 484-0354 CS U P.O. BOX 48Ti iOUNDA[ION P.O. BOX 4A3 FORT COLLINS. COLORADO 80522 October 21,1999 Mr. Troy Jones Current Planner City of fort Collins P.O. Box 580 Fort Collins, CO 80522 Re: Application for Initial Zoning —Elizabeth Street Property Dear W. Jones: CSURF (Colorado State University Research Foundation) owns the referenced property. David W. Gough and/or its assigns, has contracted to purchase this property from CSURF_ In order to facilitate this transaction and at the request of the purchaser(s), please be advised that CSURF is supportive of the enclosed Rezoning Petition and Application Form, seeking a change in the zoning from none (currently not zoned as state-owned (CSU) property) to MMN zoning district. In submitting this request for zoning and any subsequent land use approvals with respect to the development of the property, CSURF wishes to establish zoning and land use approvals for the purposes of the sale of the property to David W. Gough and/or assigns for the specific development of an affordable senior (age -restricted) apartment project. CSURF reserves the right to withdraw its support of the Rezoning Petition and Application prior to the final adoption of such petition and application by the Fort Collins City Council. Thank you for your consideration in this matter. If you have any questions or need further information, please contact Julie H. Birdsall or me at (970) 482-2916. Sincerely, t K een Byington President KB.jhb Enclosure cc: Anders Platt, Kaufman & Broad LO/ZO 'd VSS0VR 'ON XVi NOI.1d0N(10.d HONd3S3b ASO WV b0:01 M 66-2-100 OCT-21-1999 16:11 KRUFt7AW & BROAD 562 2562004 P.O /N o¢ SELLER DATE Colorado i Stare University $earch Foundation i BUYER DATE David W. Gough, and/or assigns Elizabeth Street Housing Investors, L.P., a Colorado Limited Partnership By: Rog Deborrah Willard, President, Affordable Housing Alliance II, Inc. (General Partner) Am Aa47.144 AOREEBGNT TO A�D r.ORTT/ACT — Real egos ee1lfUUe M (AE41.1." 74R@*FA$7* Ffuma Bm e7M Fm . co low, V'WM 6.00. ORaa6A57O. 1999: ROO CCOCol=57 ,.CQMWVAMa M.SUN Kewlgk Comm@,M BfakerApamM The Group.,1 W.M 10)11A9 00:10:25 Pap a of 2 TOTAL P.O4 OCT-21-1999 16:10 KHIFMAN & BROAD 401 West Mulberry 4INC.Fax THE Ck"Up IAk Collins, CO 80521 alike 970\221-0700 970\221-0746 THIS FORM HAS IMPORTART LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL EEFORE SIGNING AGREEMENT TO AMENDIEXTEND CONTRACT RE: Connect dated February 11, 1999 between David W. Gough, and/or assigns (Buyer) and Colorado State University Research Foundation (Sche4 rdadng to die sale and purldmse of the fo8owing desatbed teal estate in elm County of Larimer Colorado: TR IN 15-7-69 knowntabb-TBO W. Elizab FsrLC961y 80529 (Ptepeny) treat nrate Buyer seed Seuc hereby agrea to amend the afaeaa)d nomad as Iblbws: 1. The dam for dosing and delivery of dead Is changed to October 29, 1999 2. The dam far famishing mmmismen for title instmnse policy or abstmat of tide is cheaVed to n/a 3. The dam for dchvaitlg possession of P.-petty is dlangad to n / a 4. The data for approval of new Ian is danged to nL& 5. The dam for lende/s consent In loan mutsption or ussafer of Ptoperty is dwtgcd to n/ a 6. Other dates set fomh in said eamnaY shell be changed as folkwrs: n!a 7. Addmond assm ' m: (The kmguage of ties additvml emehdmads has not been appmvcd by the Colorado Real Euma Commission). 1.) This contract shall be assigned to Elizabeth Street Housing Investors, LP, a Colorado Limited Partnership as the Buyer. 2.) Paragraph 2.E. Form of deed shall be changed to Special Warranty Deed. 3.) Paragraph 3.B. Cash at Closing. Cash due at closing shall be $126,000.00, less $10,000.00, received in the form of a note and redeemed on June 17, 1999, and is being held until closing by Transnation Title Company. 4.) Paragraph 3: Purchase Price and Terms. Seller agrees to amend original terms as follows: For balance due Seller, $504,000.00, Buyer shall execute a promissory note payable to Seller secured by a 1st Deed of Trust, encumbering the property, using a strict due -on -sale note. The note shall be paid interest only at the rate of 8 percent per anntun with payment commencing November 29, 1999, payable each month on the first day of each month for a total of 6 months. The final payment shall be due April 29, 2000. Each payment shall be in the amount of $3,360.00. If any payment is not received within 5 calendar days after the due date, a late charge of 1.5 percent of such payment shall be due. Buyer may prepay without a penalty. 5.) Paragraph 21. Additional Provisions. Add: 21.D. Access, improvements and storm drainage: Buyer accepts the drainage plan for the site as prepared by Ayres and Associates, dated August 30, 1999. Buyer, upon and as of the date of execution of this agreement to amend the contract dated February 11, 1999, hereby grants Seller, its agents, employees, and others contracted by Seller, the right to enter upon the property to conduct necessary surveys, soil engineering tests, and all other such reasonable tests necessary in connection with the analysis and to construct the storm water drainage improvements as detailed on Exhibit "A" attached hereto. Seller shall hold Buyer harmless for legal action arising from said actions. Final design and costs will be provided to Buyer prior to construction of said improvements on or before December 31, 1999. Construction of improvements shall be complete by March 31, 2000. Cost of improvements shall be shared equally between Buyer and Seller, however, costs to Buyer shall not exceed $22,500.00, as previously agreed by Buyer, unless Buyer agrees to participate in an additional amount. 5.) Paragraph 11. Date of Closing The date of closing shall be changed to October 29, 1999. AU other tette and maddian of said cont al slm0 remain the same. tn• IntentsOattsaa of OW tors hm sees peyyeat COMM" HOW EsialaCanmbbtk (AC41.14t) Na tn.ae AOR®RMTO WN7RACT ROTAUD Fenno, aver 4700. Flares). CO e0667, yandat 6.00, OR"FA17E. 1999: Naga LCOCOL222357 Ccm~ or - Stan K9wWok. Comman2al 61okslPmtna. The Gtam. Mc, Raaaaa . Bupl(e) 10n419911/2:11 1 2 OCT-21-1999 16:09 KAUFMAN & BROAD 562 2562004 P.02iO4 ICU F MAN A-, B RO A D October 21, 1999 Troy Jones Current Planning City of Fort Collins P.O. Box 580 Fort Collins, CO 80522 Re: Partnership Structure Elizabeth Street Senior Apartments Dear Mr. Jones: The land will be purchased and owned by a limited partnership, Elizabeth Street Housing Investors, L.P., pursuant to the attached amended Purchase Agreement (currently in circulation for signatures). Affordable Housing Alliance II, Inc. ("AHA"), a 501 (c) (3) non-profit corporation, is the managing General Partner of the Partnership. Kaufman & Broad Multi -Housing Group ("KBMH'I is the developer of the project on behalf of the Partnership. AHA has an established record of promoting community development in the State of Colorado and will bring favorable financing and local community knowledge and support to the partnership as its manager. KBMH will provide additional financial capacity and development expertise to assure the successful completion of the project on behalf of the Partnership. It should be noted that David Gough, of Gough Property Management, is a consultant to KBMH. He is responsible for locating and securing real estate properties, and applying for and securing tax credit financing. As such, he first contracted with CSURF for the Elizabeth Street property. However, he will assign his interests in the property as shown in the attached Purchase Agreement. For further information or questions regarding this matter, please don't hesitate to call. Sinc ely, Anders.Plett Project Manager KAUFMAN AND !ROAD MULTI -HOUSING GROUP. INC. .110 COLOL.N 5N042 ItI tTF 200 LONC REACH CA 90902-4217 TEL 562.2i6.2000 FAY 562.256.200t Project Characteristics For over 40 years, one hundred percent of the units will be rented to qualified low income seniors with rents targeted at or below 40% of the County median income. This will insure that seniors with fixed incomes will find quality housing in Fort Collins. The proposed community will consist of a three-story building with interior corridors and elevators. Amenities include a fully furnished recreational center, onsite laundry facilities, pool, spa, seating areas and professionally landscaped open space. A variety of services will be available to the tenants including full social activities. Secured parking will be provided at a ratio of one space per unit. Sponsor Characteristics The project is sponsored by Kaufinan and Broad Multi -Housing Group, Inc. (KBMH), a wholly -owned subsidiary of Kaufinan Broad Home Corporation, a New York Stock Exchange -listed company that is one of the country's largest home builders. The development will be owned by a Colorado Limited Partnership. Affordable Housing Alliance II, Inc. ("AHA"), a 501 (c) (3) non-profit corporation, will act as the managing General Partner and KBMH will act as the Development Manager on behalf of the partnership. AHA, as the principal office of the Partnership, has an established record of promoting community development in the State of Colorado and will bring favorable financing and local community knowledge and support to the partnership as its manager. KBMH will provide additional financial capacity and development expertise to assure the successful completion of the project on behalf of the Partnership. Kaufman and Broad Multi -Housing Group, Inc. currently has 4 affordable (Low Income) apartment communities in Colorado. In total, the Multi -Housing Group has participated in the development of nearly 80 communities, representing more than 7,500 affordable apartment units completed, under construction, or in the pipeline. We thank you in advance for taking the time and effort to evaluate this petition for zone change. For further information or questions regarding this application please don't hesitate to call. Sincerely, Anders Plett Project Manager KnUFMANABRO-tvD August 23, 1999 Troy Jones City of Fort Collins Community Planning Services 281 N. College Ave. P.O. Box 580 Fort Collins, CO 80522 Re: Justification Letter Rezone: 50-Unit Elizabeth Street Senior Apartments Dear Mr. Jones: Kaufman & Broad Multi -Housing Group, Inc., proposes to build a 50-unit senior citizen affordable apartment project on approximately 1.9 acres located on the north side of Elizabeth Street, east of Constitution Avenue in the City of Fort Collins. The site is surrounded by high -density student housing and is located south and east of the Fort Ram Village Apartments and west of the International House. This proposed community, which will be financed in part with Low Income Housing Tax Credits, is a prime example of what the City is looking to promote for a variety of reasons, including excellent project area characteristics, evidenced need for affordable housing, a strong team with extensive development and management experience, as well as a quality designed rental community. Also, because the site is surrounded by student housing, the proposed senior apartment development will bring a more diverse resident base to the area. The site currently does not have a zoning designation, given that it has been owned by Colorado State University (CSU). Therefore, the proposed use will require a zone change and an amendment to the Zoning Map. The surrounding properties are zoned CC, Community Commercial District. This zoning designation is consistent with the proposed land -use. However, the City Planning Department staff has recommended MMN, Medium Density Mixed -Use Neighborhood, which also allows for the intended use. A Project Development Plan (PDP) is also required and will be subsequently submitted. KAUFMAN AND BROAD MULTI -HOUSING GROUP, INC. 320 GOLDEN SHORE SUITE 200 LONG BEACH CA 90802-4217 TEL 562.256.2000 FAX 562.256.2001 S Cf 0 Cl e- A fRACI OF LAND LOCATED IN INE NOHIHLA51 UUAHILH Ul I.. ,.,. , -_ . _ OF THE Sib P.M., CITY OF FORT COLLINS. COUNTY OF LARIMER, STAIE OF COLORADO JARIIJER N0. 2 r..fif P:lJ It LAC 1, 110, 1Rif FA•?n'. 4,9NS54" E 162JY ul P 6 I li.7T { N SURvE`!OR'S srATELIENI t I, ,limes A Anderson. a Proleeslanaf Land Survi yar in the Slate of Colorado, hereby c-erldy to COLORADO SPATE Uf/19ER91Y RESCARCH FOUNDATION and IRANSNAIION LIRE INSURANCE COMPANY that the Silver sheen hereon moo mods unNr my direct tefpcnsibddy. wOnritkn and checking and that this plot acahalety rep"sonis said wrcey and that all monuments unl as lhoen hereon. 1 // —) . 1 lowes A. Anderson oylslaed Land Sur"yn 5I It Imo. '0 to � � • ' ari1'34- p m, Celaodo Reg. No. 27596 E' N 41 � - gpllfy EA4EIAENI 0' SCALE. I"-10W .: � Ntp:, '{ N OAIE: JUNE 12. 1998 Is 'A �oI J'v It'• V:D7ERSIFY vRLACE n _ _ 'n o (] =''„a 1.92ri� ACRES w y~, /I�'� \ o S ' -'\', NORM RIGHT OF WAY UNE OF EUZABETH STREET Io CENTER 1/4 COR SEC, I5-1-69 e p \h. ' J tv _ _ `l.� _ _ 927.42' / N 0OOB'JS" E EAST 1 4 COR _ N 69'2J'40' W JN IB' \ N 89'73'W W PORIf _ _ - /50.00' SEC. I� 7-69 ll1Er-OLIII 31REEF OF RECINNINO ta ,I N 69'23'40• W h SW TN IJNE OF [HE NORTHEAST TER OF SECTION IS-7-89f QUARTER 1J5905' _� FOUND ! l/V ALUMINUM (BASIS OF BEARBEARINGS)FOUN (BASIS OF D 3 1 4 ALUMINUM IN RANGE BOX. IN RANGE BOX. Notice According N. Colorado POW you enrol commence any legal action based upon any dernl m this turves, WiBrn Three )am$ offer am first dine", web defect. In no eefnl. may oar aolicm listed upon any defect on This survey be eawmeneed emre Than Ion ]eon bow the dale of she cerliecelien than hessan NOTES 1.) a INDICATES A SEI NUMBER 4 REBAR 3XIH PIN AND CAP, LS NO. 21698. 2.) 951EAE PROP[ATY CORNER IS LOCATED IN INE LARIMER NO. 2 CANAL A NUMBER 4 RE9AR MTN PIN AND CAP, CS NO. 21596 WAS SEr ON THE EASTERLY AND SOUTHERLY EASEMENT LINE Or ME CANAL WOS-BRO" WeA � erwneue THU 11:27 THF'ROUP INO FAX NO. 9702 )! 0746 r u4 out No -s TIt7► MjmTIODT TITTX A tf3LA1sTC� CCMAMY 6439873 ScmgDgLz A - continued LEGAL DESCR12TION A tract of land located in the Northeast Quarter is section 7 North, Range 69 West of the 6th Principal Mertdi�w, particularly Collins, County of Larimer, State of Colorado being more p described as follows: er of bearingrNorth southf the rtheast seconds West from adfound13n1/4p15 as aluminum cap in. range box at the East Quarter corner of said Section 15 to a found 3 1/4° aluminum Cap in range box at the center Quart alcorner l bearings contained herein relative of said Section 15 and with thereto: commencing at the East Quarter corner of said Sect®=nof5aaid section 15, thence along the South line of the Northeast ZQ3u z feet; North 89 degrees 23 minutes 40 seconds West, thence, North 00 degrees 08 minutes 25 seconds East, 50.00 feet to a point on the North right-of-way line of Elizabeth Street; 40 seconds thence along said North line, North 89 degrees 23 minutes West, 627.42 feet to the POINT OF BEGINNING, thence, continuing along said North line, North 89 degrees 23 minutes 40 seconds West, 374.18 feet3 thence. North 12 degreesl minutes 57 seconds East, 158.98 feet; thence, East20-00 Oncet North S2 es 57 65 degrees 1 minutes 57tseconds E�� l 0.001feet; thence uth 02 gent degrees 13 minutes 54 seconds East, Z12.77 feet; thence, South os degrees 27 Minutes 19 seconds East, 87.59 feet; 04 feet thence, South degrees 29 minutes 50 seconds East, 87.; thence, South 12 12 degrees 00 minutes 21 seconds West, 103.90 feet to the POINT OF BEGINNING. county of Larimcr, Stats of Colorado Page 10/20/99 15.02 '0949 440 8277 Q 003/003 Reason for Request: (Please attach additional sheets if more space is needed.) Property owner is under contract to sell property to petitioner for the development of a 50-unit affordable, senior (age -restricted) apartment project. Please attach listing of names and addresses of all persons owning land (as per Larimer County Assessor's office on date of request) within 500 feet of any portion of the area under petition for rezoning. State of California ) ss County of Orange Respectfully submitted. Deborrah A. Willard Affordable Housing Alliance 11, Inc. The forgoing instrument was acknowledged before me this ^ _01= day of nmin 6ca 1999. BY_=_2fi�?22F;14 A . t n t I. meA js for the purpose therein set forth. My commission expires UC4`( ( a00 M.It*TTRAY Commission 1181969 Notary Public - California Orange County My Canm. &Oes Wloy t,= NotaryPublic Note: Filing of a petition to rezone requires a deposit of $856.00 with the City Clerk to defray the cost of the amendment. Please return to the Planning Department . City of Fort Collins. 10/20/99 15:02 V949 440 8277 IM002/003 Petitioner. Name: CITY OF FORT COI,LINS REZONING PETITION Address: Deborrah A. Willard 2600 Michelson Drive. Affordable Housing Alliance II, Inc. Ste. 1050 Irvine, CA 92612 Owner: Name Address Colorado State University Research P.O. Box 483 Foundation Fort Collins, CO 80522 Julie Birdsal To the City Council of the City of Fort Collins, Colorado. I (We), the undersigned. do hereby respectfully petition and request that the City Council amend the zoning ordinance of the City of Fort Collins by changing the zoning of the hereinafter described parcel, containing 1 .925 acres, more or less, from no zoning district to MMN zoning district: The Petitioners and/or the Property owner reserve the right to withdraw this petition and their signatures therefrom at any time prior to the commencement of the roll call of the City Council for the vote upon the second reading of the rezoning ordinance. (Legal description) No Text !� 111f �� _ 1 f!i-�:■ 0 Elizabeth Street Apartments Rezone, File #19-99 October 21, 1999 P & Z Meeting Page 5 RECOMMENDATION: Staff recommends approval of the Elizabeth Street Apartments Rezone, File #19- 99. Elizabeth Street Apartments Rezone, File #19-99 October 21, 1999 P & Z Meeting Page 4 across West Elizabeth to the south. The parking lot for student housing exists to the east. Further to the east is the Campus West retail area. The property is a logical extension of an existing piece of the MMN zoning district. c. Will the rezoning result in significantly adverse impacts on the natural environment? There are no significant environmentally sensitive areas associated with the subject property. There are no wetlands on the site. Current air quality and noise levels along West Elizabeth Street would not change significantly as a result of any development that would be allowed due to this rezone. d. Will the rezoning result in a logical and orderly development pattern? This property is located within the existing developed area of the City of Fort Collins, and should it develop, would be able to utilize the existing logical and orderly development pattern provided by the site's proximity to West Elizabeth Street, Constitution Avenue, and City Park Avenue. FINDINGS OF FACT/CONCLUSIONS After reviewing the Elizabeth Street Apartments Rezone, File #19-99, staff makes the following findings of fact and conclusions: 1. The Elizabeth Street Apartments Rezone, File #19-99, is consistent with the City's Comprehensive Plan. 2. The proposed rezoning is compatible with existing and proposed uses surrounding the subject land. 3. The proposed zoning district is appropriate for this property. 4. The proposed rezoning will not result in significantly adverse impacts on the natural environment. 5. The proposed rezoning results in a logical and orderly development pattern. Elizabeth Street Apartments Rezone, File #19-99 October 21, 1999 P & Z Meeting Page 3 "Any amendment to the Zoning Map involving the zoning or rezoning of six hundred forty (640) acres of land or less shall be recommended for approval by the Planning and Zoning Board or approved by the City Council only if the proposed amendment is: (a) consistent with the City's Comprehensive Plan; and/or (b) warranted by changed conditions within the neighborhood surrounding and including the subject property." In addition, Section 2.8.4[H][3] outlines additional considerations for quasi-judicial rezonings: "In determining whether to recommend approval of any such proposed amendment, the Planning and Zoning Board and City Council may consider the following additional factors: (a) whether and the extent to which the proposed amendment is compatible with existing and proposed uses surrounding the subject land, and is the appropriate zone district for the land; (b) whether and the extent to which the proposed amendment would result in significantly adverse impacts on the natural environment, including but not limited to, water, air, noise, stormwater management, wildlife, vegetation, wetlands and the natural environment' (c) whether and the extent to which the proposed amendment would result in a logical and orderly development pattern." 5. Analysis a. Is the request consistent with the City's Comprehensive Plan? The property is identified as "Medium Density Mixed -Use Residential" on the Structure Plan Map. The MMN — Medium Density Mixed -Use Neighborhood zoning district is consistent with this Structure Plan designation. b. Is the rezone request compatible with existing and proposed uses surrounding the subject land and is it the appropriate zone district for the land? The requested zoning is compatible with all existing land uses. Student housing uses exist to the west and north. A fast food restaurant, a convenience store with fuel sales, and single family housing all exist Elizabeth Street Apartments Rezone, File #19-99 October 21, 1999 P & Z Meeting Page 2 COMMENTS: 1. Background: The surrounding zoning and land uses are as follows: N: MMN: Existing student housing (Fort Ram Village), CSU; Existing student housing (married student housing), S: MMN; West Elizabeth Street, existing single family housing, existing multifamily housing, CC: West Elizabeth Street, existing fast food restaurant, existing convience store with fuel sales, RL: Existing single family housing, E: CSU: Existing parking lot for Fort Ram Village, CC: City Park Avenue, existing retail establishments, W: MMN; Existing student housing (Fort Ram Village), Constitution Avenue. The property is part of the "College Addition to the City of Fort Collins" which was annexed to the city on June 28, 1956. 2. Petition For Rezoning The applicant filed a rezone petition with the city on August 6, 1999 requesting initial zoning from CSU land to MMN — Medium Density Mixed -Use Neighborhood District. 3. Provisions of the MMN — Medium Density Mixed -Use Neighborhood District The purpose of the MMN zoning district (Section 4.5 of the Land Use Code) is to be a setting for concentrated housing within easy walking distance of transit and a commercial district, and to form a transition and a link between surrounding neighborhoods and the commercial core. This site is located between existing highly concentrated housing (Fort Ram Village) and an existing commercial district (Campus West), and would satisfy the purposes of the MMN zoning district. 4. Land Use Code Criteria For Rezoning Section 2.8.4[H][2] of the Land Use Code outlines mandatory requirements for quasi-judicial rezonings. This section states: ITEM NO. 5 MEETING DATE 10/21/99 STAFF Troy Jones City of Fort Collins PLANNING AND ZONING BOARD STAFF REPORT PROJECT: Elizabeth Street Apartments Rezone, #19-99 APPLICANT: Deborrah Willard Affordable Housing Alliance Il, Inc. 2600 Michelson, Suite 1050 Irvine, CA 92612 OWNERS: Colorado State University Research Foundation C/O Julie Birdsall P.O. Box 483 Fort Collins, CO 80522 PROJECT DESCRIPTION: This is a request to rezone approximately 1.925 acres of property located on the north side of West Elizabeth Street between Constitution and City Park Avenue. The property is currently, and has historically been, owned by CSU, and was therefore never zoned. The requested zoning is MMN - Medium Density Mixed - Use Neighborhood District. RECOMMENDATION: Approval EXECUTIVE SUMMARY: The North College Rezone, File #19-99 is consistent with the City's Comprehensive Plan. 2. The proposed rezoning to MMN — Medium Density Mixed -Use Neighborhood is compatible with existing and proposed uses surrounding the subject land. 3. The proposed zoning district is appropriate for this property. 4. The proposed rezoning will not result in significantly adverse impacts on the natural environment. 5. The proposed rezoning results in a logical and orderly development pattern. COMMUNITY PLANNING AND ENVIRONMENTAL SERVICES 281 N. College Ave. P.O. Box 580 Fort Collins, CO 80522-0580 (970) 221-6750 PLANNING DEPARTMENT