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4. Site Volume Ratio (SVR): A calculation designed to compare. the total anticipated <br />development of a parcel of property with the amount of natural or open space that shall <br />remain or that is proposed for development on a parcel of property. From a practical <br />standpoint, this ratio is equal to the difference between the LVR and the BVR. The <br />formula for calculating~the SVR is as follows: <br />SVR = ILVR - SVR <br />Section 2.3 Land Use Intensity establishes the following minimum Site Volume Ratios <br />for developments within the various Economic Development Districts: <br />Minimum 1.2equired Site'6Volulne IZatios~* <br /> Required SVR <br /> Primary, Primary I, <br /> Primary Overlay, and <br />Land Use ~ Secondary Areas Prim ary II Areas <br />Residential 2.0 3.0 <br />Office/Institutional 2.0 3.0 <br />Service/Retail 1.0 2.0 <br />Flex Space . 1.0 2.0 <br />Distribution/Wholesale 3.0 4.0 <br />Industrial 1.0 2.0 <br />In order to develop a parcel of property, compliance with.the minimum SVR has to be <br />demonstrated. <br />ISSUE: <br />In reviewing the development of this site, the applicant identified the. following practical <br />limitations in adhering to this system:, <br />1. Buckhorn Village is proposing to be a mixed use development proposing a myriad of <br />different land uses in an effort to provide a broad spectrum of services to local residents, <br />including: residential, office/institutional, service/retail, and wholesale trade, <br />2. Development will occur within three (3) individual districts all approximately forty (40) <br />acres in area, <br />3. Each district has been designed to have a mixture of the uses outline above, with <br />residential development being proposed for location within Districts II and III, <br />4. Each of the proposed land uses has a different Site Volume Ratio (SVR) requirement <br />from the other. <br />