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6th Cycle Program 1.6: For those properties designated for <br />high-density residential development with existing commercial <br />uses, conduct outreach with property owners and businesses <br />to identify specific incentives for business relocation and to <br />encourage property owners to develop their properties with <br />housing. Develop appropriate incentives that would facilitate <br />relocating existing commercial/office/industrial uses in order <br />to enable development with residential uses. The City will <br />facilitate the conversion of commercial, office, industrial <br />buildings and parking structures for housing and mixed-use <br />developments with use of incentives, which may include: <br />1. Transfer of development rights; <br />2. A review of traffic requirements and evaluation measures <br />to facilitate mixed use <br />development; <br />3. Development of transit alternatives; <br />4. Use of development agreements; <br />5. Flexibility of parking standards; <br />6. Flexibility of development standards for converting existing <br />buildings or space to <br />residential (i.e., adaptive re-use) to ensure minimum and <br />maximum densities can be <br />achieved; and <br />7. Expedited processing of development applications <br />Facilitating the conversion of commercial, <br />office, industrial buildings and parking <br />structures for housing and mixed-use <br />developments. <br />Initial outreach (January <br />2025); subsequent outreach <br />(January 2027 and January <br />2029) <br />To commence in the fourth quarter of 2025