Item 24 - Agreement No. 2025-01 - MLC Holdings

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Density Bonus Agreement No. 2025-01 — MLC Holdings, Inc./Meritage Homes at 2020 East First Street April 15, 2025 Page 3 DISCUSSION Table 1: Project and Location Information Item Information Project Address and Council Ward 2020 East First Street — Ward 3 Nearest Intersection East First Street and Golden Circle Drive General Plan Designation District Center — Medium High (DC — 3) Zoning Designation General Commercial (C2); Active Urban (AU) within the Metro East Use Overly Zone (MEMU) Surrounding Land Uses North Eating Establishment/Commercial East Multifamily Residences South School (in the City of Tustin) West Medical Office and Recreation Field Property Size Gross Area: 3.72 acres (161,956 square feet) Net Area: 3.68 acres (160,130 square feet) Existing Site Development 118,192-square-foot office building (Currently Vacant) Use Permissions Multi -Family Residential Zoning Code Sections Affected Uses Article XVI.I (Density Bonus); Active Urban within the Metro East Mixed Use Overlay Zone (MEMU); and Chapter 34 (Subdivisions) Project Description The development will consist of 12 residential buildings with eighty (80) three-story townhouse units, and three residential buildings with six (6) four-story duplexes, with a proposed project density of 23.37 du/ac. The townhomes will include twelve (12) two - bedroom units, thirty-four (34) three -bedroom units, and thirty-four (34) four -bedroom units, and are designed as a tuck -under building type featuring a front porch/stoop frontage design. The six duplexes are designed as three -bedroom units, and are designed as a tuck -under building type featuring a shopfront frontage design and rooftop decks. The unit sizes will vary between 1,215 and 2,488 square feet, and each unit will be fully equipped with a kitchen, bedrooms, bathrooms, common living areas, and will include a minimum of 90 square feet of private open space, provided in the form of a deck or balcony. They will also include a two -car garage at ground level (tuck -under building design) and in - unit laundry facilities. The duplexes will feature ground floor, 210-square-foot flex spaces that may be used as home offices. These spaces would differ from traditional live -work units due to constraints related to the building construction type and building setbacks. While these offices may serve as commercial uses, they would not accommodate or serve as a traditional commercial storefront. However, the provided flex spaces would support the MEMU overall vision and goals by activating the public realm and enhancing connectivity with publicly accessible open space.