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EXECUTIVE SUMMARY

Meeting Date: 5/18/2009
AGENDA #4a


Title of Agenda Item: East 54 Affordable Housing: Minor Modification/Change to the Special Use Permit. (R-2)

Council Goal 3:  Continue Focus on Land Use, Transit and Development.

Background: The attached staff memorandum includes background information on a proposed modification to the affordable housing component of the Special Use Permit for the East 54 development.

Fiscal Note: If a payment-in-lieu of providing affordable housing is approved as propsed, the Town could receive between $750,000 to $900,000 that would be directed to the Affordable Housing Fund.

Recommendations: That the Council consider a resolution to endorse a modification to the Special Use Permit for the East 54 development.


ATTACHMENTS:
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Staff Memorandum
Resolution
Letter from Lee Perry, East West Partners
February 26, 2007 Adopted Special Use Permit