(a) Criteria.
A building height bonus may be earned by either (1) dedicating only or (2) dedicating and improving lands along the alignment of an existing street, provided that the dedication and improvements meet the following minimum standards.
(.1) For dedications:
(.a) The land must be located on the subject property between the river and the eastern or southeastern end of a river access street.
(.b) The width of the street extension land dedication must be at least equal to the confirmed right-of-way of the existing public street to be extended.
(.c) The dedication of land must be in fee simple ownership, in a form acceptable to the City or its designee, and accepted by the City, at no cost to the City.
(.2) For improvements:
(.a) Any street extension improvements shall be completed to the standards of the Streets Department.
(.b) The applicant shall post a bond or letter of credit in an amount equal to one hundred percent (100%) of the estimated cost of constructing the street improvements in a form and with financial entities acceptable to the City or its designee. The required street improvements must be constructed upon issuance of the Certificate of Occupancy for the first permanent structure on the property, and the bond or letter of credit must be kept in force until the completion of the required improvements.
(b) Bonus Building Height.
The additional building height earned for dedication of street extension lands is:
Additional Building Height
| |
/CDO
| |
Dedication only | 12 ft. for each land dedication of 200 linear ft. up to a maximum of 36 ft. |
Dedication and Street Extension Improvement | 24 ft. for each street extension segment of 200 linear ft. up to a maximum of 72 ft. |
Notes
| 822 | Added, Bill No. 130274 (approved June 25, 2013). |