Fiscal Note
No appropriation is required.
Title
Adopting a development plan for Phase II of the Allied Drive Neighborhood Redevelopment as required by Enacted No. RES-08-00057.
Body
On January 22, 2008, the Common Council adopted Enactment No. RES-08-00057, File No. 08380 (the "2008 Resolution"), which authorized the redevelopment of the Allied Drive area by the Community Development Authority (CDA), the conveyance of City-owned lands to the CDA, and the provision of approximately $9,000,000 in City funds to assist in the redevelopment. The CDA has redeveloped a portion of the lands into 48 apartments of affordable housing as Revival Ridge. The remainder of the land that was the subject of the 2008 Resolution was re-platted into 28 lots called Mosaic Ridge. The CDA initially intends to develop Lots 4 through 28 as single family homes. Lots 1 through 3 will be developed later as multi-family housing.
The 2008 Resolution made the redevelopment of future phases conditional on the Common Council's approval of a development plan including but not limited to land use, design, outreach, and affordability.
Now therefore, be it resolved that:
1. The Common Council approves the development plan for Allied Drive Neighborhood Redevelopment Phase II: Mosaic Ridge, and
2. All other terms and conditions of Enactment No. RES-08-00057 shall remain the same.