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Item # 5.a.

City Council

Meeting Date:	09/12/2023
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 High Street Residential, Inc., adopting general development terms for the Trammell Crow Mixed Use project, providing for negotiation of Definitive Agreements that will set forth the specific obligations of the parties with regard to the project, and authorizing the City Manager to execute the MOU.

BACKGROUND:

In the review of Zoning Case 1877-Z (Trammell Crow Mixed Use), 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. Based on feedback received from the community, the applicant and Town staff began negotiating a 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:

Property Owner's Association & Covenants requirements.
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.
Performance standards for property management.
Commitment to allow periodic private and publicly facilitated community events within the project.
Commitment to achieve, at a minimum, Silver rating in the National Green Building Standards (NGBS) system for the multifamily building.
Commitment to construct and maintain a bus shelter on Belt Line Road and to construct a median within Surveyor Boulevard and to maintain landscape within said median.
The donation of $250,000 to the Addison Arbor Foundation to support the installation of public art within the project.
The provision of 30 electric vehicle charging stations and the installation of additional service to allow for future EV infrastructure expansion.
The memorialization of a statement of support for the permanent existence of Beltway Drive access restrictions for the Addison Grove neighborhood.

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 issuance of a building permit for this project.

RECOMMENDATION:

Administration recommends approval.

Attachments
Presentation - Trammell Crow Mixed Use MOU
Resolution - Trammell Crow Mixed Use MOU