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PAGE 2 of 7 <br />SUBJECT: NORTH 40 SPECIFIC PLAN AMENDMENTS <br />JULY 31, 2018 <br /> <br />C:\Users\slombardo\Downloads\Staff_Report (2).docx 8/2/2018 4:24 PM <br />BACKGROUND (Continued): <br /> <br />The direction and requested information from the June 5, 2018 meeting is outlined below and <br />is followed by staff responses. <br /> <br />DISCUSSION: <br /> <br />• Process to work through the issues associated with the proposed concept and potential <br />Specific Plan amendments that are necessary for the proposed concept. <br /> <br />During public testimony at the June 5, 2018 Town Council meeting Grosvenor Americas <br />presented a conceptual site plan for approximately 15.5 acres of the northern portion of the <br />Specific Plan area (Exhibit A of Attachment 37). Grosvenor Americas has also submitted <br />additional information regarding the Specific Plan amendments that they would like to be <br />considered (Attachment 37). <br /> <br />Staff has reviewed the conceptual site plan and additional information submitted by <br />Grosvenor Americas and identified the issues below that would need to be discussed and <br />addressed by the Town Council. The Town Council may choose to discuss these issues from <br />a general perspective or the Town Council may wish to discuss the specific amendments <br />that would be needed to the Specific Plan to enable the conceptual proposal as outlined <br />below: <br /> <br />o Number of residential units would need to be increased : <br />- Increase the maximum number of residential units from 270 to 455. <br /> <br />o Square footage for residential units would need to be modified: <br />- Increase the total maximum square footage from 700,000 to 875,000 and <br />- Increase the Multi-Family, Apartments, and Affordable products category from <br />300,000 square feet to 475,000 square feet. <br /> <br />o Maximum height for hotel would need to be increased: <br />- Increase the maximum height for hotel uses from 45 feet to 55 feet. <br /> <br />o Maximum height in the Perimeter Overlay Zone for hotel would need to be <br />increased: <br />- Increase the maximum height in the Perimeter Overlay Zone from 25 feet to 55 <br />feet for hotel uses more than 25 feet from Los Gatos Boulevard. <br /> <br />o Maximum height for residential would need to be increased : <br />- Increase the maximum height for residential from 35 feet to 55 feet. <br />