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 27, 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 $25,032.90 • Condo 30 * 834.43 = • Hotel 508 * 391.62 = $198,942.96 Total $223,975.86 8 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 $25,032.90 • Condo 30 * 834.43 = • Hotel 508 * 391.62 = $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 pertains 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