| Transportation Development District Application Criteria Matrix | ||||
| Criteria | Yes/No | Explanation | ||
| One of the following three is required: | ||||
| 1) Does the proposed project redevelop a blighted property or is it sited in an area with particularly difficult transportation issues? | No | Largely a greenfield | ||
| 2) Does the proposed project provide unique retail for the City or an innovative mixed-use design? | Maybe | Commission views would be appropriate. It has some elements of traditional neighborhood design, but also something of a hybrid between TND and more standard suburban design | ||
| 3) Does the transportation element of the project exceed City requirements? | Yes | Project exceeds code requirements at minimum on: roundabout, lighting, landscaping. | ||
| The following are optional but can result in a more favorable evaluation of a project: | ||||
| a) Does the project use pay-as-you-go financing instead of bond obligations? | No | Although this will not be pay-as-you-go, developer is minimizing City risk by only seeking special obligation bonds after retail is built and has been operating for a period of time. | ||
| b) Are at least 15% of the TDD-eligible costs paid for by the applicant? | Yes | Developer capped from receiving more than $5 million of TDD-eligible costs. There appears to be at least $5.8 million in TDD-eligible costs. | ||
| c) Has the applicant submitted a transportation design that pays special attention to alternative forms of transportation, such as public transit or pedestrian accessibility? | No | |||