Town of Chapel Hill North Carolina Executive Summary
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Meeting Date: 2/27/2013

Title of Agenda Item: Consider Application for Special Use Permit - The Bicycle Apartments at Central Park, 602 Martin Luther King Jr. Blvd.  (R-7)(R-8)(R-9)(R-10)

Council Goal: Focus on Economic Development, Land Use, and Transportation for a Balanced and Sustainable Future

Background: Tonight the Council continues the Public Hearing held on January 23, 2013 to consider a Special Use Permit application for the Bicycle Apartments at Central Park, located at 602 Martin Luther King, Jr. Blvd., between Hillsborough St. and Martin Luther King, Jr. Blvd. and east of University Apartments. The application proposes: 1) demolition of 74 dwelling units in three, 2-story, apartment buildings, 2) construction of a 4 to 6-story apartment building with 194 dwelling units, and 3) parking for 241 vehicles. The proposed alternative plan would shift the building away from the historic district. Accompanying the Special Use Permit application is a request for partial revocation of the existing Special Use Permit and a Rezoning request.

Fiscal Note: In response to Council requests, we are developing a means for assessing the economic impact of proposed development. While we build this system, we have provided an interim chart in the attached memorandum, which attempts to capture the key elements of impact.

Recommendations: That the Council continue the Public Hearings to consider additional information and receive public comment. We recommend adoption of the Revised Resolution to approve a partial revocation of the existing Special Use Permit to change the area encumbered by that permit, and adoption of Revised Resolution A to approve the alternative plan for the proposed multi-family development.

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Staff Memorandum
Revised Resolution - Partial Revocation of Existing Special Use Permit
Revised Resolution A - Alternative Plan, Special Use Permit, Approving the Application
Revised Resolution B - Public Hearing Plan, Special Use Permit, Approving the Application
Resolution C - Special Use Permit, Denying the Application
Additonal Responses to Council's Public Hearing Questions
Applicant's Revised Material
Petition Regarding Access to Cobb Terrace
Combined Neighborhood Comment
Affordable Housing Contributions Matrix
Combined Advisory Board Summaries of Action
Northampton Plaza and Terrace,1965, 1967 & 1977 Special Use Permits
Area Map