DCPREZ-2016-10992 - Laserfiche WebLink

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� Public Hearing: June 28, 2016 Petition: Rezone 10992 ' � ?', Staff Report Zoning Amendment: Town/sect: AF�< :_',, A-2(8) Agriculture District to R-2 Cottage Grove ''...)46,146.-- Residence District Section 21 Acres:11.41 Applicant Survey Req. Yes North American Group Zoning and Land Regulation Committee Reason. of Companies Inc Create 16-lot residential Location: subdivision 3695 County Highway N -R� ii-4 o t I 7 A-3 R-1 CUP 0 TDR SENDING AREA ' R-1 1250 Petition Number 10320 A-2(8) Limited family h usiness-farm equipment repair To: R-2 A-1(EX) . • - —�---E aR-lA - . . . O P .......... / N to d I:3 V f B-1n r A-2(0) ItatriI CUP R_1 485 Single family residence: I i l t 1' Not E,()"eckHe Fd R-1 R-1 R-1 I �11-1(E�rDC� Z UOUO-3 2(2) 11 DESCRIPTION:Applicant proposes to rezone an 11.4 acre A-2(8) parcel to the R-2 Residence district and the TDR-R overlay district in order to create a 15-lot subdivision. The majority of proposed lots are approximately 1/2 acre in size, with the smallest being 21,946 sq. ft. and the largest being 42,433 sq. ft (average is 26,145 sq.ft). The development would be an addition to the Skyhigh subdivision. Per the town's Transfer of Development Rights (TDR) program, 2 density units will need to be transferred from sending area properties in the town's agricultural preservation area. OBSERVATIONS:The property is located just north and east of other residential subdivisions (2nd addition to Rolling Wheels and 3rd addition to Skyhigh). To the north are a single-family residence and a farm equipment repair business. The subject property is located within the Village of Cottage Grove Extra-territorial Plat Review Jurisdiction (ETJ). The property is NOT within the Village's urban service area, therefore, these lots will be served with private well and septic. TOWN PLAN: The subject property is located in the Neighborhood Development Area. The plan includes a Transfer of Development Rights (TDR) policy. In the Neighborhood Development Area, there is bonus ratio built into the TDR policy. As stated in the plan: "For each RDU transferred from a TDR Sending Area to a Neighborhood Development Area, the developer is able to develop eight housing units above the number of housing units allocated to the May 15, 1982 parcel, provided that the developer met all other applicable regulations and policies". Policy from Town Plan: A transfer ratio incentive is built in so that landowners and RDU buyers have an incentive to transfer RDUs to a Receiving Area where compact development will be more appropriate. The incentive is that someone can buy one RDU from a Sending Area and develop more than one dwelling unit with that RDU in the Receiving Area. Based on technical review and public input, the Town of Cottage Grove has determined that an economically reasonable transfer ratio is eight. A transfer ratio of eight means that, for each RDU transferred from a Sending Area to Receiving Area, the Receiving Area developer would be able to develop eight housing units above the number of housing units allocated to the May 15, 1982 parcel, provided that the developer met all other applicable regulations and policies.