Agenda - 02-19-2015 - E3 - Laserfiche WebLink

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109 • Modifications to both the ingress and egress routes from the park- and -ride lot and BRT program. Orange County Transportation Staff Comments The North -South corridor should be shared by multiple transit agencies, including Orange Public Transit (420 Route), Triangle Transit, and Chapel Hill Transit (Interlining). The location of a northern terminus park and ride lot for connection to any future BRT in the MLK corridor should be considered during the review of the EDGE development. Keeping the proximity of the existing park and ride lot (downsized or structural) would facilitate 2 strong retail opportunities: one, allow commuters to shop nearby before return to exurbia and two, allow students from campus and MLK areas to shop and use retail and restaurants creating transit demand nodes at both north and south ends promoting efficiency. Stormwater The project is located in the Jordan Lake Unprotected Watershed and the Town of Chapel Hill enforces its stormwater regulations within its municipal limits. However, County staff may suggest increasing mitigation of stormwater impacts. While the development will be required to preserve stream buffers and install best - management type post - development stormwater management facilities, primarily for peak flow attenuation and nutrient export reduction, the County would be interested inassisting in one or more of the following: 1. Upgrading the proposed stormwater management facilities to a higher level of nutrient reduction, such as including bio- retention or stormwater wetlands, with the goal of reaching or beating export limits recognized by Orange County (2.2 pounds per acre nitrogen & 0.82 pounds per acre phosphorus), without compensatory mitigation. 2. Evaluating a portion of the adjacent property for an off -site regional stormwater management facility that would have a net neutral or positive impact on water quality, when contrasted with existing conditions. The benefits which the applicant may realize include reduction in compensatory mitigation or, in the case of option 2, some potential for increased on -site development. In the case of the latter, Orange County would encourage Chapel Hill to ensure that this "additional capacity" would not be utilized to press the nutrient limits but rather to actually improve the outcome. Affordable Housing The applicant is voluntarily proposing to allocate land for 50 affordable on -site multi - family rental units and agrees to pursue funding to bring the units to fruition. This would be equivalent to 7% - 13% (depending on the final mix) of the new housing created within the project. Financing approval for up to 50 affordable units would be pursued for a period of no less than 5 -years after SUP approval, and land allocated for the new affordable units would be held for this use during the period. If financing were awarded, the proposed development would target renters earning less 80% of less of the area median income and would remain affordable for 15 — 30 years, depending on the requirements of the funding agency. If Low Income Housing Tax Credits or bond financing is awarded, the project could serve households earning less than 60% of the area median income. 1 -40 Road Buffer Chapel Hill had inquired about Orange County's Major Transportation Corridor buffer. The applicant had requested clearing near 1 -40 for additional visibility. While Orange County allows 50% clearing in certain circumstances in the various types of buffers we enforce, we do not allow clearing in the stream buffers.