Commission Meeting Agenda Item

On October 19, 2015, the Town Commission approved a rezoning from Heavy Commercial to Planned Unit Development for a 49-acre parcel, also known as the Bailey Property, located north of Lake Ella Road and west of Highway 27/441, which resulted in the adoption of a Memorandum of Agreement and Rezoning Ordinance 2015-11.

The Memorandum of Agreement details the land uses as those uses permitted by the Town’s Land Development Regulations consistent with a Planned Unit Development (PUD) and Commercial Zoning (CT, HC, and LC). It also details those uses as stated and depicted on the attached bubble plan with a maximum number of residential units of multi-family apartments and condominiums within the development not to exceed 500 units.

The property is in the process of transferring hands; therefore, the new potential owner would like to present a development concept to the Town Commission to get some feedback. The applicant has prepared a presentation to elaborate about the project. The overall plan for development of this property is a multi-phase project consisting of two parcels.

Parcel #1 is approximately 39.81 acres and will feature:

• Seven condominium buildings totaling 483 units with community pool and recreation center amenities
• 38,400 square feet of commercial/professional offices
• Two restaurants featuring 6,000 square feet each and a
• Five-story 200-room hotel

Parcel #2 is approximately 9.90 acres and is proposed to be rezoned MF-18 to allow for Multi-Family High Rise Density Apartments.

The applicant will need to amend the Memorandum of Agreement Ordinance 2015-11 to remove the 9.9 acres intended for the multi-family apartments and add a 1.39-acre parcel that fronts Hwy 27/441 which will be incorporated in the overall acreage of Parcel #1.

The following items are included in the packet:

• Site Plan Conceptual Layout
• Floor Plan Elevations
• Architectural Exterior Building Façade Elevations
• Presentation Notes