HomeMy WebLinkAboutLetter to City - Annexation Agreement 6
CANYON
GATE
Jacob Miller
Associate Planner
City of Bozeman
20 East Olive St.
Bozeman,MT 59771
Jacob,
As you are aware, Canyon Gate Investors, LLC (Landowner)is the owner of approximately 24 acres
located at the northeast corner of Bridger Canyon Dr. and Story Mill Rd. Landowner has applied for
annexation and zoning of the parcel and has participated in the creation of the Canyon Gate Annexation
Agreement.This annexation agreement is unique in that it includes two provisions that are specific to
the Canyon Gate project, both of which are voluntarily provided by Landowner.
1. Landowner voluntarily offers and agrees to limit the maximum height in the R-5 zoning district
within the Canyon Gate Annexation,to a maximum of 50 feet or 4 stories,whichever is greater.
There are many reasons why Landowner agreed to this restriction:
• During numerous meetings with neighbors who live in The Legends and Creekwood
subdivisions, height in the R-5 zoning area was a major concern,especially if developed to the
maximum height of 72 feet and 6 stories. Many neighbors felt this height was too severe,
especially with the R-5 area being located closer to the existing homes, which are generally two
stories in height.
• Members of the Zoning Commission expressed concern about maximum height in the R-5 area
as it could impact the views of the Bridger Mountains from Bridger Canyon Rd and the trail to
the"M".
• By limiting the height in the R-5 area to 50 feet or 4 stories,the views and scale of the
neighborhood will be preserved.
• This self-imposed height restriction will still create opportunities to build more diverse housing
options such as 3 and 4 story stacked flats while also providing a natural transition between the
R-3 and B-2M parcels. Additionally, these parameters are key in introducing attainable housing
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as outlined below.
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0 2. Landowner voluntarily offers and agrees to provide within the R-5 zoning area in the Canyon
V) Gate Annexation, a minimum of 60 Workforce housing units that are priced no greater than
UJ 120%of Area Median Income at an interest rate of 3.5%. Landowner considered many factors in
z agreeing to this covenant:
L • The City of Bozeman is in the midst of a housing crisis both in terms of supply and price. By
a agreeing to provide a minimum of 60 Workforce housing units that are income restricted,
Canyon Gate can begin to chip away at this crisis. Too many of our community members are
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CANYON9
GATE
being priced out of the housing market which is making it difficult for many businesses to attract
and retain good people.
• By including a Workforce housing component, Canyon Gate can hopefully be a model for other
projects to provide a rich, diverse mix of housing. In addition to the Workforce housing, we are
looking at Studio's, 1 Bedrooms, 2 Bedrooms, 3 Bedrooms,Duplexes and Fourplexes both for
sale and for rent. Our hope is to expand the diversity of offerings in this neighborhood making it
more accessible to the greater Bozeman community.
• While many of the folks in the Legends and Creekwood neighborhoods support the idea of a mix
of housing options within Canyon Gate, many were skeptical of the Landowners commitment to
actually provide more"missing middle"housing options. By including this provision in the
Annexation Agreement,the community can be assured a Workforce housing component that is
income restricted will be included in Canyon Gate long term.
The Landowner has worked for the better part of the past year to create a well-conceived project that is
in complete alignment with the City of Bozeman's Community Plan. The proposed zoning is a direct
response to the Future Land Use Map and will allow the development of a wide range of housing
options as well as commercial businesses along Story Mill and Bridger Canyon geared towards serving
the neighborhood community.
LANDOWNER
CANYON GATE INVESTORS, LLC
a Montana limited liability company
By: CANYON GATE PARTNERS, LLC
a Montana limited liability company, its
Managing Member
By: Andrew Holloran,Manager
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cc: Ross Knapper
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