Submitted By: Patricia Hitchcock
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Presentation By: Patricia Hitchcock
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Department: Growth Management
STAFF RECOMMENDATION (Motion Ready):
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Open a public hearing and approve a Concurrency Development Agreement between Lake Louise, LLC, The Rosemere Apartments, LLC, and the City of Ocala providing for vehicular trip capacity reservation and transportation mitigation contributions for required traffic improvements for the development of a 326-unit apartment complex and future phased residential development on property located northeast of the intersection of SW Seventh Avenue and SW 32nd Street, approximately 88.73 acres. (This is the second of two public hearings. The first public hearing was held by the Planning & Zoning Commission on Monday, May 8, 2023.) (Case CDA23-45162)
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OCALA'S RELEVANT STRATEGIC GOALS:
Economic Hub, Quality of Place
PROOF OF PUBLICATION:
The Star-Banner ad ran on May 26, 2023
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BACKGROUND:
* Applicant: Lake Louise, LLC, and The Rosemere Apartments, LLC
* Property Owners: Lake Louise, LLC, and The Rosemere Apartments, LLC
The property is approximately 88.73 acres located northeast of the intersection of SW Seventh Avenue and SW 32nd Street. The property was annexed on January 18, 2022, and later given a land use designation of Low Intensity. Future Land Use Policy 18.35 was adopted which requires the property to be developed as a Planned Development and limits development to a maximum of 1146 dwelling units. Transportation impact analysis and mitigation is required.
The City Council held a public hearing in July 2022 approving the PD, Planned Development, for the entirety of the project area. In January 2023, the site plan for a portion of the Lake Louise Planned Development was given conditional approval for a 326-unit apartment complex. The Concurrency Development Agreement with the City of Ocala attached hereto will satisfy one of the conditions of approval.
The required traffic study fo...
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