ATTACHMENT 4

 

A RESOLUTION AUTHORIZING A PROGRAM OF USES FOR DEVELOPMENT OF MASTER PLANS FOR THE PARKING LOTS 2 AND 5 SITES (2004-04-14/R-13b)

 

WHEREAS, the Consultant, Stainback Public/Private Real Estate, has commissioned a Market Analysis Study conducted by Economics Research Associates, Inc.; and

 

WHEREAS, the Council has held a public forum on March 22, 2004 to hear citizen comment on the proposal;

 

NOW, THEREFORE, BE IT RESOLVED by the Council of the Town of Chapel Hill that the Council authorizes consideration of the following uses and range of square footage in the preparation of a land, building, and infrastructure program for Lots 2 and 5 as part of the next stage of  development of conceptual Master Plans for both sites:

 

Parking Lot 2 Uses:                           Range in Square Feet

 

Retail Space                                             20,000 – 30,000

Market-Rate Housing                               65,000 – 75,000

Affordable Housing                                     9,750 -  11,250

Art Gallery                                                 1,500 –   2,500

Pedestrian/Public Space                              1,000

 

Parking:                                               

Replacement Parking                            104 spaces

Additional Parking                                149 spaces

Total                                                    253 spaces

 

Parking Lot 5 Uses:                           Range in Square Feet

 

Retail Space                                             30,000 –   50,000

Market-Rate Housing                             101,000 – 122,000

Affordable Housing                                   15,150 -   18,300

Art Gallery                                                3,500 –     4,500

Pedestrian/Public Space                             3,500

Specialty Grocery Store                             2,000 –     3,500

 

Parking:                                               

Replacement Parking                            170 spaces

Additional Parking                                258 spaces

            Total                                                    428 spaces

 

BE IT FURTHER RESOLVED that the Council authorizes consideration of design options for a transit transfer center in conjunction with the development of Parking Lots 2 and 5 as part of the next stage of developing conceptual master plans for the sites.

BE IT FURTHER RESOLVED that the Council reserves the right to make adjustments to the uses and the ranges based on additional information that may become available during the design stage of the project in developing conceptual Master Plans for both sites.

 

This the 14th day of April, 2004.