AgdaPkt 2014-12-08 Closed and Joint SA

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9.B. - Page 17 DTPP. It also allows the project to proceed under the DTPP EIR. In order for the City to continue to reserve the allocation, the applicant would need to obtain their planning entitlement within 15-months of the "deemed complete" date, and would need to secure the associated building permit within 12-months of planning entitlement approval. If the applicant fails to meet either timeframe, the reservation would expire. • In the case that two applications are deemed complete on the same day, the City will first reserve MAD allocation for the project that was submitted first. • As applications are found to be complete, the "reserved" floor area is noted against the remaining floor area in the DTPP and posted on the City's website; • If the application is found to be incomplete, the applicant must once again resubmit application materials per the completeness check letter. For each subsequent submittal, staff will complete the standard 30-day completeness check and issue a letter. Floor area will not be "reserved" until an application is deemed complete; • If an application is denied or if a complete application expires, the "reserved" floor area becomes available for another applicant. • Upon issuance of a project building permit, the "reserved" floor area becomes "entitled" floor area, per the DTPP, and • The reservation process is only for projects that qualify under the DTPP MAD limitations. MAD Allocation Alternatives: There are two potential alternatives to the recommendation above: 1. The first alternative is to proceed per the status quo. A building permit would continue to be the permit that reserves and entitles MAD capacity. Staff does not recommend this alternative, however, as it would require that project applicants proceed well into a process without knowing whether a building permit could be obtained. 2. A second alternative could allow the City to "reserve" MAD allocation upon application submittal. However, staff does not recommend this alternative, as project applicants could submit substantially incomplete drawings in an effort to reserve floor area or housing units. Short-Term Maximum Allowable Development Modification Options The DTPP attempted to project market conditions and develop allocation limitations consistent with those projections. However, the DTPP also recognized that these the MAD allocations may need to be amended at some point, as development markets do shift. The DTPP Maximum Allowable Development text read as follows: "Not later than 30 days after the granting of entitlement to 80% or more of the Allowable Units or any of the Allowable Square Footage totals in any category, the Planning Manager/Designee shall report to the City Council the crossing of the 80% threshold Page 5 of 9