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:
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.