HomeMy WebLinkAboutUNION PLACE - FDP - 15-09/A - CORRESPONDENCE - AFFORDABLE HOUSING MEMO. (6)MEMORANDUM
DT: September 24, 2009
Advance Planning
281 North College Avenue
PO Box 580
Fort Collins, CO 80522
970.221.6376
970.224.6111 - fax
kgov. com/advanceplanning
TO: Neighborhood and Building Services Department
FM: Megan Woodman, City Planner I
RE: Development Review Fees for Merten Inc. - Union Place Subdivision
Merten Inc. is planning to build a mixed -use project at the southwest corner of Willox
Lane and Mason Street in Fort Collins. This project was originally approved to provide
52 of the 89 residential units, or 58%, as affordable to households earning 80% or less
of Area Median Income; however, they have since reduced the number of affordable
units to 36, or 40%. The breakdown of affordable units is as follows:
• Lot 1 Block 5: townhomes (8) units
• Lot 5 Block 3: single family (1) unit
■ Lot 6 Block 3: single family (1) unit
■ Lot 7 Block 3: single family (1) unit
• Lot 8 Block 3: single family (1) unit
■ Lot 4 Block 3: single family (1) unit
• Lot 3 Block 3: single family (1) unit
■ Lot 2 Block 3: single family (1) unit
■ Lot 1 Block 3: single family (1) unit
■ Lot 1-10 Block 1: triplex units (20) units
This is still a qualified affordable housing project and Merten Inc. is eligible to receive
a 40% reduction in their Development Review Fees. However, because they originally
received a 58% reduction in those fees, they will be responsible to pay the City the
difference prior to the issuance of any building permits.
If you have any questions, please contact me at 221.6342. Thank you.