NORTH CAROLINA
EXECUTIVE SUMMARY
Meeting Date: 3/15/2010
AGENDA #1a
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TOWN OF CHAPEL HILL NORTH CAROLINA EXECUTIVE SUMMARY |
Meeting Date: 3/15/2010 |
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| Title of Agenda Item:
Public Hearing: Proposed Inclusionary Zoning Ordinance. |
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| Background: Tonight, the Council will consider proposed changes to the Land Use Management Ordinance to include Inclusionary Zoning regulations that would require most residential development proposals to include provisions to expand the Town’s supply of affordable housing. | |||
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| Fiscal Note:
There could be fiscal impacts to developers, builders, the Town and the Town staff depending on what is ultimately adopted by the Council. We believe that the proposed density bonus would offset losses that builders could experience from construction of affordable units. We also note that the proposed ordinances recommends waiving development related-fees for affordable units. For Town staff, there would be an increase in the existing review process for all residential development applications. In addition, staff would have to provide support to a new Affordable Housing Advisory Board that is recommended by the Task Force. These initial fiscal impacts of the Inclusionary Zoning Ordinance will be updated to reflect changes that emerge from the public hearing and deliberation process. |
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| Recommendations:
That the Council receive comments and provide guidance on key issues identified. |
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| ATTACHMENTS: Viewing attachments may require Adobe Acrobat. |
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| Staff Memorandum | |||
| Summary of Public Comments | |||
| Draft Inclusionary Zoning Ordinance | |||
| Draft Administrative Manual | |||
| Summary of Planning Board Action | |||
| List of Task Force Members | |||