Title
Development Agreement with Golden Alon Development Company, LLC
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Conduct public hearing. After closing the public hearing, move to adopt the attached Resolution (Attachment 1) approving a Development Agreement with Golden Alon for its development known as Bayan Trails.
Report
Issue:
Should the City Council approve the development agreement with Golden Alon Development Company, LLC?
Staff Contact:
Leonard Bauer, Deputy Director, Community Planning and Development, 360.753.8206
Presenter(s):
Leonard Bauer, Deputy Director, Community Planning and Development
Background and Analysis:
On April 7, 2015, Golden Alon Development Company, LLC, submitted a complete application for a development agreement for property it owns at 607 and 709 Sleater-Kinney Road NE. Golden Alon has also submitted applications for land use review and approval of a proposed development, known as Bayan Trails, on this property. The proposed development includes construction of four senior housing apartment buildings (167 units) and ten townhome-style apartment buildings (70 units), along with a community building, pool building, and associated parking. (See Attachment 4) The development is proposed to be completed in six phases, over a long-term time frame estimated to be ten years or more.
This public hearing and decision are on the terms of a development agreement with Golden Alon for the subject property. This Public Hearing is not a hearing or decision on the proposed development itself. Consideration of the Bayan Trails development proposal on this property will be conducted at a public hearing by the Olympia Hearing Examiner scheduled for May 20, 2015.
Chapter 36.70B.170 of the Revised Code of Washington authorizes cities to enter into a written development agreement with a property owner. The City of Olympia's procedures for development ag...
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