DATE: February 16, 2015
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Vernon Gerth, Assistant City Administrator from Community and Economic Development
SUBJECT:title
Consideration of Ordinance 2015-03, An Ordinance Amending The City Of Franklin Municipal Code Title 21, Chapter 7, Sections 21-702 and 21-703 titled Inclusionary Housing for Previously Approved Planned Unit Developments (PUD) (03/10/15 BOMA 7-1). SECOND AND FINAL READING
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Purpose
The purpose of this memorandum is to provide the Board of Mayor and Aldermen (BOMA) information to consider an amendment to Title 21 Chapter 7 of the Municipal Code known as the Inclusionary Housing Ordinance to Previously Approved Planned Unit Developments (PUDs). The proposed amendment would remove the reference to PUDs approved prior to April 1, 2010 thus making the requirements of this ordinance applicable to any previously approved PUD that is amended to increase density.
Background
In the late 2000's the City of Franklin Board of Mayor and Aldermen, Franklin Municipal Planning Commission, and Housing Commission began discussing the importance of implementing a coherent set of policies and objectives to promote housing diversity within our community. In 2010, the BOMA adopted Ordinance 2010-21 titled Inclusionary Housing for Previously Approved Planned Unit Developments. This ordinance requires developers seeking additional density to their previously approved PUD to construct housing units in the affordable/workforce housing price range or to contribute funds for the same purpose. Since adoption, the ordinance has generated over $240,000 in contributions for affordable and workforce priced housing.
A provision included in Ordinance 2010-21 limited the requirements of the ordinance to PUDs approved prior to April 1, 2010. At the time this ordinance was adopted, the City was experiencing inquiries from developers to modify their previously approve...
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