The following terms are defined for the purpose of this chapter:
COMMON OPEN SPACE: An area held for the use and benefit of the owners of dwelling units or lots in a PUD and which is devoid of streets, parking areas or buildings not intended for recreational or community purposes.
ELIGIBLE ACREAGE: Acreage that lies outside of the mountain overlay district, FEMA 100-year floodplain, and red avalanche zones, which shall be used for calculating the simple planned unit development density, the maximum PBPUD density bonus, and determining open space requirements.
HOMEOWNERS' ASSOCIATION: An organization formed of the owners of a subdivision or planned unit development.
PBPUD DENSITY BONUS: A bonus awarded specifically for utilizing the PBPUD option in order to provide incentive for quality PUDs. The bonus is a percentage of the density derived from PUD eligible acreage.
PLANNED UNIT DEVELOPMENT: An area of land developed primarily for residential use in which restriction of lot sizes, setbacks, densities and land uses may be adjusted in return for conformity with an approved plan for the entire parcel which provides open space, superior design, and public benefit. (See also definition found in section 10-2-1 of this title.)
PUBLIC BENEFIT PLANNED UNIT DEVELOPMENT (PBPUD): A PUD that utilizes total acreage to establish base density and requests waivers to base district standards.
SAME OWNERSHIP: Ownership by the same person, corporation, firm, entity, partnership or unincorporated association in which a stockholder, partner or associate, or member of his or her family owns an interest in each corporation, firm, partnership, entity or unincorporated partnership.
SIMPLE PLANNED UNIT DEVELOPMENT (SPUD): A PUD that utilizes only eligible acreage to establish base density and does not allow for density increases or waivers beyond lot size, lot dimensions or road width. (Ord. 2009-06, 8-26-2009)