Title
***ADDITIONAL INFORMATION (SEE ATTACHED MEMO)*** Public Hearing and Resolution Adopting the 69th & Thomas Redevelopment Area Plan (Resolution 22293) - District 7
Description
Request to hold a public hearing and adopt a resolution for the 69th & Thomas Redevelopment Area Plan.
Report
Summary
The subject site (Redevelopment Area) is 9.94 acres located at the southwest corner of 69th Avenue and Thomas Road. The Redevelopment Area consists of five parcels that will be combined into one approximately parcel for redevelopment as part of a single proposed affordable housing multi-family development project. The Redevelopment Area was recently approved by the City Council for a 288 unit multi-family community, with at least 50 percent of the units being reserved for those making 80 percent or less of the Area Mean Income (AMI) through GPA-MV-1-24-7 and Z-53-24-7. The developer is pursuing this Redevelopment Area designation as a precursor to applying for a Government Property Lease Excise Tax (GPLET) approval from the Mayor and City Council. If approved, the developer would construct the apartment project then lease the land back to the City for a 10-year period. During this 10-year period the property would receive a 20 percent reduction of the GPLET owed by the lessee.
State Law requires that the City Council hold a public hearing prior to adoption of a redevelopment area plan and that the City Council adopt by an affirmative vote of at least two-thirds of its members.
Staff Recommendation: Approval.
PC Action: The Planning Commission is scheduled to hear this item on April 3, 2025.
Location
Southwest corner of 69th Avenue and Thomas Road
Council District: 7
Addresses: 2832 N. 67th (69th) Avenue; and 6903 and 6939 W. Thomas Road
Department
Responsible Department
This item is submitted by Deputy City Manager Alan Stephenson and the Planning and Development Department.