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Item # 14.

Council Meeting

Meeting Date:	08/09/2022
Department:	Development Services

AGENDA CAPTION:

Present, Discuss, and Consider Action on a Resolution Approving a Memorandum of Understanding (MOU) Between the Town of Addison and AMLI Residential Adopting General Development Terms for the AMLI Treehouse Project Providing for Negotiation of Definitive Agreements that Will Set Forth the Specific Obligations of the Parties with Regard to the Project; Authorizing the City Manager to Execute the MOU.

BACKGROUND:

In the review of Zoning Case 1851-Z (AMLI Midway), both Town staff and the applicant have acknowledged the need to establish more restrictive performance standards above and beyond what may typically be established through the zoning process.

Following the Planning and Zoning Commission meeting where this application was considered, the applicant continued to engage community members and Town staff on this project. Based on feedback received from the community, the applicant and Town staff began negotiating a Memorandum of Understanding (MOU) that would define key performance standards for the execution of this project if the rezoning request were to be approved.

Key components of this MOU include:

Performance standards for initial finish out, use, and leasing of the two ground floor tenant spaces in the multifamily wrap building.
Performance standards for improvement and dedication of the proposed public open space and trail improvements, and the allocation of an additional $100,000 to fund enhancements to the dog park, and the option to dedicate additional land in the future for dog park expansion.
Performance standards for the development of the fee simple townhomes that enhance the Town's capacity to ensure that those dwelling units are completed in a timely manner.
More restrictive construction work hours that limit work during the evening and on weekends
Defining material facade construction standards in the MOU to ensure building facades achieve the Town's previous masonry standards for mixed-use development.
Acknowledgement and support of ongoing discussions with adjacent neighborhoods to finance perimeter fence improvements.
Commitment to achieve at a minimum, LEED Silver certification for the multifamily rental component of the project.
The donation of $150,000 to the Addison Arbor Foundation to support the installation of public art within the dedicated public open space.
The provision of 10 additional electric vehicle charging stations, in addition to the 20 stations that were previously committed to.

If this MOU is approved, the applicant and staff would begin drafting more detailed, definitive agreements to be considered and acted on by the City Council prior to site development work commencing for this project.

RECOMMENDATION:

Administration recommends approval.

Attachments
Presentation - AMLI Treehouse MOU
Resolution - AMLI Treehouse MOU