C1: COTA PUD Presentation — original pdf

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Austin Parks and Recreation Department Action on Proposed Circuit of the Americas Planned Unit Development (PUD) Parks and Recreation Board May 2020 Scott Grantham Principal Planner Parks and Recreation Department 1 Overview • Consider a request for City consent for creation of the Circuit of the Americas Planned Unit Development (PUD): • Overview • Background • Parkland and Open Space Plan • Parkland Superiority (traditional development vs. PUD) • Board Recommendation • The Parks and Recreation Board will be asked to make a recommendation to City Council regarding the superiority of the Circuit of the Americas PUD as it pertains to parkland. 2 Background Timeline • 2006-2010 - Land acquired by applicant • 2010-2012 - Construction of racetrack and amphitheater • April 2013 - First concert at amphitheater • Dec 2013 - Annexed by City of Austin • Sept 2018 - Planned Unit Development (PUD) application started Existing Uses • Racetrack • Concert Venue / Amphitheater • Vacant Land Proposed (Additional) Uses • Phase 1 - Hotel (508 units) and Water Park; Condominiums (30 units) • Additional Phases uncertain at this point but could include: Multifamily, Retail, Mixed Use 3 3 Background • PUD zoning case is currently in review. • PUD developments are evaluated for superiority to existing City requirements. • Parks Board is one of several that will determine superiority, and send feedback to Council. • PARD Long Range Plan identifies soccer fields as a desired amenity, specific to this area. K 4 Proposed COTA PUD Parkland and Open Space Plan Plan: • Construct a park with amenities • Dedicate to the City of Austin • Triggered by first residential site plan Location • Northeast of the existing racetrack and amphitheater • Off Kellam Road, north of Elroy Road • Accessible via driveway (Public Access Easement) 5 Proposed Hotel / Water Park Proposed Park Amphitheater Racetrack Entrance Sign Access Drive 2 Soccer Fields CEF – Old Stock Tank Parking Lot Parkland and Open Space Plan • Dedication of Parkland • 11.38 gross acres • 9.71 credited acres • Recordation of 30’ Public Access Easement • Construction of 2 Soccer Fields, and Parking Lot • Other details (next slide) 6 Parkland and Open Space Plan • Two soccer fields (330’ x 220’ each) • Irrigation system for soccer fields • Parking lot (50 spaces) • 26’ driveway (within 30’ Public Access Easement) to Kellam Road; sign at entrance • Drainage and water quality facilities (for park) • Trigger - To be constructed and dedicated prior to issuance of Certificate of Occupancy for any site plan with Residential or Hotel component • Maintenance – To be maintained by City of Austin 7 7 Traditional Development Requirements 508 Hotel Rooms, 30 Condos Land • Condo 30 * 2.8 * 10.4 / 1000 = 0.874 acres • Hotel 508 * 1.3141 * 10.4 / 1000 = 6.943 acres Total 7.817 acres Development Fees • Condo 30 * 834.43 = • Hotel 508 * 391.62 = 8 $25,032.90 $198,942.96 Total $223,975.86 8 PUD Proposal 508 Hotel Rooms, 30 Condos Land • Condo 30 * 2.8 * 10.4 / 1000 = 0.874 acres • Hotel 508 * 1.3141 * 10.4 / 1000 = 6.943 acres Total 7.817 acres Proposed 11.38 acres / 9.71 acres credited Development Fees • Condo 30 * 834.43 = • Hotel 508 * 391.62 = $25,032.90 $198,942.96 Total $223,975.86 Proposed: $1,987,161.00 9 9 • To be superior in parkland dedication, a minimum of 7.817 acres of credited parkland is required. • Required development fee would be $223,975.86 • The current PUD application has committed to: • 9.71 credited acres • Development fee (credited) of $1,987,161.00 • Staff recommends that the Circuit of the Americas PUD meets superiority as it relates to parkland. Parkland Dedication Superiority REQUIRED Land PROPOSED Land 7.817 ac Dev fee $223,975.86 9.71 ac Dev fee $1,987,161.00 10 Recommendation • Make a recommendation to City Council regarding the superiority of the Circuit of the Americas Planned Unit Development as it pertains to parkland. 11