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Planning &Zonfng CommTsslonl <br />Local Planning Agency <br />February 29, 2010 <br />Page 6 <br />story building; however it is not allowed adjacent to residential properties. She said the City will develop design <br />standards for the PMX-High and PMX-Mid zoning designations which will address buffering and landscaping issues. <br />In response to the Commission's question regarding rezoning other parcels along US Highway 17-92, Ms. <br />Smith explained the City was not looking to intensify the entire corridor. She stated thak a property owner along the <br />corridor could request a change to their future land use from commercial to Regular PMX t,ow Intensity, PMX-High <br />Intensity or the MTMU (Major Thoroughfare Mixed-Use), In response to the Commission's question regarding the <br />demand for six and ten story buildings, Ms, Smith stated that this is a long term plan. She said this would provide an <br />opportunity to properly owners to utilize (heir property to the highest and best pokential use, <br />A brief discussion ensued regarding the tax impacts for the proposed changes, traffic concerns and possible <br />options for improvement to traffic. Ms. Smith stated staff has had discussions with the Seminole County Property <br />Appraiser's office regarding the tax impacts to the property. She said that the Property Appraiser is basing the tax on <br />what is currently on the site. She said that the use factor in their equation is minimal, Ms, Smith explained that the <br />City has been determined to be a dense urban land area which has a Transportation Concurrency Exception Area <br />(TCi=A}. She explained that this designation was applied because the City is essentially bolt out. Ms. Smith said the <br />Department of Community Affairs realized that some of khe growth management strategies have not accomplished <br />what they were hoping they would and have resulted in sprawl throughout the skate. She said that DGA is using the <br />TGEA to hold that level of service; however, developers would need to provide strategies that help reduce the <br />number of trips on these major corridors using transit opportunities and mobility strategies. <br />Ms, Reischmann stated that the change to the future land use designation is a long-term plan. She said <br />only certain densities are achievable and the fact the City has design guidelines for the PMX zoning will limit the <br />achievable density on these properties. Ms. Reischmann said that aggregation of properties is required which will <br />limit the ability to develop up to the maximum stories. <br />A general discussion ensued regarding the property owners' ability to rebuild if the property is destroyed <br />more than 50%, possible changes that could be made to the Code that would allow an exception to that requirement, <br />the property owners' option to be excluded from this amendment packet, the property owners' right to seek a change <br />