Posted by info Oct 05th 10:50 PM
Fifteen Percent Urban Core Cap
Per Council’s policy direction, code revisions should include: “For parcels within activity centers and on activity corridors, application of non-zoning regulations should be prioritized in a manner that allows for greater potential housing unit yields than would otherwise be achieved without prioritization.”
Even with the urban core cap, parkland dedication requirements may still negatively impact unit yields on key corridor and center properties. For properties that are located on an Imagine Austin Corridor or ASMP Transit Priority Network Roadway, the city should consider providing the applicant the authority to decide whether to dedicate or pay fee in lieu. Many of these properties are complicated infill projects for which parkland dedication could mean a significant reduction of units in areas where Council has explicitly prioritized unit yields in specific areas (on corridors) over non-zoning regulations such as this.