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Consideration of a Variance to the Lewisville City Code, Section 6-37(1) Regarding the Timing of Parkland Dedication (or Cash-in-Lieu of) and Payment of Park Development Fees for Sparrow Senior Living, Located on 9.997 Acres and Legally Described as Lots 1R-1 and Lot 1R-2. Block A Valley Ridge Addition Phase IV; Zoned Medical District (MD); Located on the South Side of Valley Ridge Boulevard Approximately 600 Feet East of Garden Ridge Boulevard, as Requested by Joseph A. Fraccaro of Kimley-Horn and Associates, Inc. on Behalf of Milton Barber, Sparrow Partners, the Developer and Craig Martin, Lewisville Independent School District, the Property Owner.
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ADMINISTRATIVE COMMENTS:
The City Council approved the zone change to Medical District on March 15, 2021, to allow the development of Sparrow Senior Living, a retirement community with 192 dwelling units, on this site. City staff has since worked with the applicant on the final plat for this development and established the required park fees. Because the purchase of this property from the Lewisville Independent School District (LISD) is in process, the developer is requesting a variance to delay the dedication of parkland (or cash-in-lieu of) and payment of the parkland development fee until the issuance of the first building permit, at which time all due amounts will be paid in full and the property will be dedicated by an amending plat.
RECOMMENDATION:
That the City Council approve the variance as set forth on caption above.
AVAILABLE FOR QUESTIONS:
Richard E. Luedke, AICP, Planning Director