B-11 South Central Waterfront Regulating Plan docx.pdf — original pdf

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CODE AMENDMENT INITIATION REVIEW SHEET Amendment: Consider initiation of amendments to Title 25 of the City Code related to the South Central Waterfront planning area. Description: The South Central Waterfront Vision Framework Plan was adopted by Council in 2016. Among the items included in the Framework Plan were community benefits and developer incentives; these items will be codified in the LDC as a voluntary, opt-in bonus program that will allow developers additional entitlements (above existing entitlements) in return for community benefits. Anticipated community benefits: • Affordable housing • Enhanced streetscapes • Pedestrian frontages • Reduced parking • Enhanced open space Anticipated developer incentives: • Additional height • Additional floor area • Additional land uses • Reduced parking required Proposed Language: TBD (draft ordinance language will be brought to PC for a recommendation before going to Council for final approval). Background: Initiation recommended by Codes and Ordinances Subcommittee on May 5, 2022. Staff Recommendation: NA Board and Commission Actions: Council Action: Ordinance Number: NA City Staff: Greg Dutton Phone: (512) 974-3509 Email: greg.dutton@austintexas.gov 1 1 of 1B-11