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Page 2 of 12 <br /> <br />Applicant's Preferred Plan <br />Following the February 18 meeting, the East Lakes applicant submitted a preferred plan and <br />project narrative for the East Lakes project (Attachment 1). The narrative states that the project <br />aims to create “a vibrant new community featuring a variety of housing types and community <br />amenities” with “a range of ownership and rental opportunities appealing to first-time home <br />buyers through retirees.” <br /> <br />The applicant’s preferred plan is the same as City Alternative 1 shared with the City Council on <br />February 18, 2025. As summarized below in Table 1, the preferred plan includes a total of 697 <br />units with 85 percent available to all households (not age-restricted) and 15 percent age- <br />restricted to seniors. The plan includes a variety of housing types, including detached single- <br />family homes (“court homes” and “alley loaded homes”), attached townhomes, and multifamily <br />apartments. <br /> <br />The plan proposes 100 on-site inclusionary units (equivalent to a 16.75 percent inclusionary <br />rate) clustered in three multifamily apartment buildings on an approximately 3-acre site. The <br />applicant has not yet determined if these inclusionary units would be age-restricted or not. If <br />so, the proportion of senior vs. non-senior noted above would change. <br /> <br />Table 1: Preferred Plan Unit Allocation <br /> Units Percentage <br />Non-Age Restricted Units <br />Court homes (detached single-family) 135 19.4% <br />Alley-loaded homes (detached single- <br />family) <br />88 12.6% <br />Townhomes 267 38.3% <br />Affordable Multifamily (rental) 100 14.3% <br />Subtotal non-age restricted units 590 84.6% <br />Age Restricted Units <br />Court homes (detached single-family) 24 3.4% <br />Conventional homes (detached single- <br />family) <br />83 11.9% <br />Subtotal age-restricted units 107 15.4% <br />Total Units 697 <br /> <br /> <br />Building heights range from one to three stories. Proposed unit sizes (excluding garages) are: <br />• Market-rate single-family homes: 2,000 – 2,850 sq. ft. <br />• Market-rate townhomes: 1,300 – 2,150 sq. ft. <br />• Age-restricted homes: 1,200 – 2,100 sq. ft. <br />Page 325 of 348