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City to consider developer agreement incentives for multifamily project; commissioners ask about downtown parking
Summary
Staff presented a developer agreement for Carl Winter Haven LLC proposing an 81-unit multifamily building with ground-floor commercial space and a tax-increment rebate schedule; commissioners raised concerns about whether the on-site parking and shared parking agreements will adequately serve residents and nearby businesses.
City staff presented a developer agreement for Carl Winter Haven LLC for a proposed multifamily development at the corner of Magnolia Avenue and Third Street Southwest. The site plan shown to the commission indicated roughly 81 residential units with a small commercial footprint on the ground floor.
Incentives described by staff The developer would receive a tax-increment financed rebate of 90 percent of the project's generated tax increment for the first 10 years, 75 percent for years 11 through 15, and 65 percent for years 16 through 20. The developer also requested reimbursement of projected water and wastewater connection fees payable over four years. Staff said the project had been unanimously approved by the downtown CRA advisory board and presented to the CRA board prior to coming to the city commission.
Parking and site access concerns Several commissioners expressed concern about parking capacity for 81 units. Staff said the site plan provides one parking space per unit and 23 commercial spaces behind the adjacent BB&T building; staff indicated an arrangement that would allow nighttime parking by residents and guests in the BB&T lot when offices were closed. One commissioner asked how that plan would affect nearby businesses (for example Grow Roots) and whether the city should pursue additional public parking in the area; staff said additional public-parking opportunities were being identified and that the private landholder had continued to allow public use of some parking south of the site.
No formal commission action recorded Staff presented the developer agreement as a consent-agenda item; the transcript records discussion and questions but does not include a formal recorded vote during this session.
Context and next steps Staff noted they are still exploring public-parking solutions for downtown and that the commission could expect a follow-up presentation in coming weeks. The developer's request for connection-fee reimbursement and the TIF rebate schedule were presented as the terms currently proposed in the agreement.
