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Page 2 of 9 <br />submitted within the next two months, as well as a small office expansion that may be <br />proposed in the near future. If all these planning applications were approved, there <br />would insufficient room left under the MAD limitations to issue building permits for all of <br />the projects. <br /> <br />The DTPP requires that City staff report back to the Council when the 80% threshold is <br />reached for MAD development in any category. The only development category that is <br />in jeopardy of being exceeded is office; residential, retail and lodging have a <br />considerable amount of development capacity remaining. While the MAD has not <br />technically been reached for office development (since it is a building permit cap), staff <br />believes it is best to bring this back early to the Council for a general update and <br />potential direction. That is the purpose of this report: 1) to provide a general <br />development update as required by the DTPP, 2) to seek clarity regarding how the City <br />“reserves” MAD allowances for projects that are currently in the planning stage and 3) to <br />outline options for DTPP amendments to modify/adjust MAD allowances. <br /> <br />ANALYSIS <br />Maximum Allowable Development Overview <br />The Downtown Precise Plan (Section 2.0.4.) specifies the MAD for several categories of <br />development: <br />• Residential Development: 2,500 net new dwelling units <br />• Office Development: 500,000 net new square feet of gross floor area <br />• Retail: 100,000 net new square feet <br />• Lodging (hotel): 200 net new guest rooms <br /> <br />A project is deemed “entitled” and has construction rights when a building permit is <br />secured. Conversely, no building permit can be issued for a project that would be in <br />excess of the MAD limitations. In order for a project that is in excess of MAD limitations <br />to proceed, a DTPP amendment must be approved by the Council. <br /> <br />Recent Development Activity <br />The private development market has reacted swiftly since the adoption of the DTPP. A <br />total of nine (9) development projects have obtained planning entitlements and building <br />permits in accordance with the DTPP. Six (6) other projects have recently been <br />submitted. The following chart summarizes project details and status. In order to provide <br />a simple overview of the type of development being submitted, this chart only provides <br />gross square footage and housing unit counts. A more detailed chart that provides <br />square footage removed as a result of these projects, is attached to this report. <br />9.C. - Page 2