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HomeMy WebLinkAboutSR - RA 2025-001 Dockside 1 Town of Barnstable Planning & Development Department Staff Report Proposed Regulatory Agreement Dockside Residences 110 School Street and 115 School Street, Hyannis Applicant: Shoestring Properties, LLC Property Address: 110 School Street and 115 School Street, Hyannis, MA Assessor’s Map/Parcel: Assessor’s Map 326 Parcel 121 and 125 Property Owner: Shoestring Properties, LLC Zoning: Harbor District zoning district; the Hyannis Main Street Waterfront Historic District; and the Aquifer Protection Overlay District. Lot Area: 110 School Street has 24,829 square feet +/- 115 School Street has 33,541 square feet +/- General Description of Proposed Request Shoestring Properties, LLC seeks to enter into a Regulatory Agreement with the Town of Barnstable to deed restrict seven affordable units located at 310 Barnstable Road, in lieu of the five affordable units required at the Dockside development (110 & 115 School Street) and two affordable units required at the Cape Cod Times building (319 Main Street). Regulatory Agreement Districts Pursuant to Chapter 168 of the Code of the Town of Barnstable, the Town may enter into Regulatory Agreements in areas delineated on the Regulatory Agreements District Map. In addition, Chapter 9 of the Code of the Town of Barnstable §6 allows for the Town to consider the construction of required affordable dwelling units at locations in the Town of Barnstable other than the location that is the subject of the application. The subject property is located within the area delineated for Regulatory Agreements. Pursuant to Chapter 168 §5, no regulatory agreement may be executed by the Town Manager prior to an affirmative, majority vote by the Planning Board and the Town Council recommending the execution of the regulatory agreement. When a waiver from zoning is allowed under the negotiated regulatory agreement, there shall be a two-thirds vote of the Town Council recommending execution of the regulatory agreement. At this time no zoning waiver is requested. Waivers Requested The Regulatory Agreement seeks the following waivers from the General Ordinance, specifically: ▪ Chapter 9 Inclusionary Housing to allow for seven (7) affordable units to be provided offsite. Other Reviews & Approvals Site Plan Review The proposal attended Informal Site Plan Review and was approved to continue to Formal Site Plan Review at the Informal Site Plan Review meeting held on October 24 2023. Subsequently, the proposal was reviewed at Formal Site Plan Review, and was approved at the Formal Site Plan Review meeting held on March 21, 2024. 2 Hyannis Main Street and Waterfront Historic District The subject property is located within the Hyannis Main Street and Waterfront Historic District. The proposal was reviewed and approved by the Hyannis Main Street and Waterfront Historic District Commission at their meeting held on February 7, 2024. Housing Committee Per Chapter 9 Section 6 of the Code of the Town of Barnstable, the Barnstable Housing Committee must act as a reviewing body for any development agreement proposed under Section 9. The Housing Committee voted 4 -0 to recommend approval of this regulatory agreement at their meeting on January 23, 2025. Procedural Information ▪ Notice of the proposed Regulatory Agreement and public hearing was provided in the Barnstable Patriot, to abutting property owners, and to interested parties as required by §168-8(D). ▪ An affirmative majority vote of the Planning Board recommending execution of the proposed Regulatory Agreement is required. ▪ Upon an affirmative recommendation from the Planning Board, a majority affirmative vote of the Town Council is needed to authorize the Town Manager to execute the proposed Regulatory Agreement. ▪ A draft Regulatory Agreement was submitted; however the draft is currently under review by Planning and Development staff and will also need to be reviewed by the Town’s Legal Department.