SUBJECT/RECOMMENDATION:
Title
Approve of a Development Agreement between PV-Pelican Walk, LLC (Paradise) and the City of Clearwater, to allow for a parking garage with 642 parking spaces (including 11,482 square feet of retail sales and service space) in the Tourist (T) District as per Community Development Code Section 4-606; adopt Resolution 14-23, and authorize the appropriate officials to execute same. (DVA2014-06001)
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SUMMARY:
The proposal consists of two parcels of land which have an overall acreage of 1.68 acres. One parcel is 0.74 acres and consists of the Pelican Walk shopping center. The other parcel is 0.94 acres and consists of a surface parking lot that supports the shopping center. The property is located within the Tourist (T) District and the Resort Facilities High (RFH) Future Land Use Plan category. It is located in the Retail/Restaurant District in Beach by Design.
The proposal is to construct a seven-level parking garage with 11,482 square feet of retail sales and service space on the 0.94 acres behind the Pelican Walk shopping center. The garage will support the shopping center as well as the businesses within the overall Retail/Restaurant district in Beach by Design. This district encompasses the area bounded by Memorial Causeway, Mandalay Avenue, Baymont Street, and Poinsettia Avenue.
There will be a total of 642 parking spaces. The first 89 shall be apportioned as the developer chooses between leased and hourly parking, subject to a parking management plan acceptable to the City as a condition of closing. The next 450 spaces will be purchased by the City to be used as a public parking garage. The remaining 103 spaces on the top floor will be utilized in the same manner as the first 89 spaces.
The proposal is in compliance with the standards for development agreements, is consistent with the Comprehensive Plan and furthers the vision of beach redevelopment set forth in Beach by Design and includes the following main provision:
q The development agreement will be in effect for ten years which complies with the duration of a general development agreement set forth in CDC Section 4-606.B.1.
On July 15, 2014, the Community Development Board approved a Flexible Development application (FLD2014-05013) to permit a parking garage with 642 parking spaces (including 11,482 square feet of retail sales and service space) in the Tourist (T) District with a lot area of 73,363 square feet, a lot width of 350 feet, a front (east) setback of zero feet (to building), a side (north) setback of zero feet (to concrete walkway) and 5.2 feet (to building), a side (south) setback of zero feet (to concrete walkway) and 5.2 feet (to building), a building height of 64.3 feet (from BFE) to top of flat roof and 85.11 feet (to elevator and other mechanical equipment from BFE), as a Comprehensive Infill Redevelopment Project under the provisions of CDC Section 2-803.D.; and a reduction to the foundation landscape buffer from five feet wide to zero feet as part of a Comprehensive Landscape Program under the provisions of 3-1202.G.
The development proposal will not degrade the Level of Service (LOS C or better) on surrounding transportation facilities nor adversely affect the nearby the nearby signalized intersection which is consistent with the Metropolitan Planning Organization concurrency management for transportation facilities.
The Community Development Board will review the development agreement at its meeting on August 19, 2014.
The Planning and Development Department is recommending APPROVAL of this Development Agreement under CDC Section 4-606.