Transportation Development District
Application Criteria Matrix |
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Criteria |
Yes/No |
Explanation |
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One of the following
three is required: |
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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 |
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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 |
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3) Does the transportation
element of the project exceed City requirements? |
Yes |
Project exceeds code
requirements at minimum on: roundabout, lighting, landscaping. |
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The
following are optional but can result in a more favorable evaluation of a
project: |
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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. |
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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. |
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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 |
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