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Reso 2560 I .�� 81 ,004.711 ,V RESOLUTION NO. 2560 OF THE PLANNING COMMISSION OF THE CITY OF CUPERTINO RECOMMENDING APPROVAL OF THE FLOOR AREA RATIO (FAR) TRANSFER MANUAL DATED SEPTEMBER 10, 1984 (ATTACHED) PASSED AND ADOPTED this 10th day of September, 1984, at a regular meeting of the Planning Commission of the City of Cupertino, State of California, by the following roll call vote: AYES: Commissioners Adams, Koenitzer, Szabo and Chairperson Blaine NAYS: None ABSTAIN: None ABSENT: Commissioner Claudy ATTEST: APPROVED: 1sLJames H. Sisk /s/ Sharon Blaine James H. Sisk Sharon Blaine, Chairperson Planning Director Planning Commission 410 • 4O �) FLOOR AREA RATIO (FAR) TRANSFER MANUAL Policy Manual As adopted by Planning Commission on September 10, 1984 and City Council on 9.L17/84 111 REVISED September 10, 1984 FLOOR AREA RATIO (FAR) TRANSFER MANUAL 410 In July 1983, the City Council adopted a General Plan Amendment which established a floor area ratio limitation on all commercial , industrial and office zoned properties within the City except those that are currently regulated by the Traffic Intensity Performance Standards (TIPS) . The Vallco Park (south of 280) and Town Center areas have specific intensity regulations. The floor area ratio (FAR) is derived by dividing the total building area by total land area expressed in square feet. With the exception defined below, the permitted floor area ratio for office is either .37 or .33. The FAR for industrial i s.33, the FAR for commercial .25. Within a few months following the July 19, 1983 General Plan adoption date, several property owners sought relief from the rigid application of floor area ratio requirements. In some cases, property owners had properties with marginal development that already exceeded existing FAR's and thus, could not expand. Additionally, some property owners expressed a desire to expand beyond the growth permitted by the application of the FAR policy or the TIPS policy while other property owners were quite content with maintaining their development intensity at a level below that allowed by the maximum ceilings. IIO The General Plan was amended in July 1984 to add flexibility to the land use regulations permitting the transfer of intensity credit from one owner to another. This manual describes the rules which govern the trip transfer policy. FAR TRANSFER RULES 1. The FAR Transfer Policy shall apply to all general planned commercial , office or industrial properties which front De Anza Boulevard from Bollinger Road to Homestead Road and front Stevens Creek Boulevard from Stelling Road to the easterly City limit line. The policy applies to properties that are not contiguous to said street but are part of a shopping center or planned industrial/office center that is contiguous to said streets. Figure 1 describes the boundary. 2. The degree of transfer is based upon the intensity of development that would have been permitted on the transferring site. 3. All properties involved in a transfer must be zoned Planned Development to ensure that adequate controls can be imposed to regulate future activities commensurate with the trip transfer accounting. The transfer must be approved in the context of a use permit hearing involving either the transferring or receiving site. The transfer shall be recorded on all deeds involved in the transaction. -1- 4. A reasonable amount of intensity shall remain on a tranf erring site to ensure existing and future viable uses on 41/ said parcel . 5. That the bonus square footage allowed by the ".4 FAR or base FAR + 1 ,000 sq. ft. " policy cannot be transferred. The intent of that policy is to encourage redevelopment of specific locations and therefore, transfer of building area would be inconsistent with the intent of the General Plan. The examples below describe how the FAR Transfer process works under various circumstances. Example 1: Transfer from a partially developed "FAR" site to a vacant "Trip End" site. The owner of a 80,000 sq. ft. parcel on east Stevens Creek Boulevard (TIPS area) wants to acquire intensity from a 10,000 sq. ft. parcel located on South De Anza Boulevard (FAR area) . The Stevens creek Boulevard parcel is vacant. The South De Anza Boulevard parcel is occupied by a 3,000 sq. ft. commercial building. The Stevens Creek Boulevard parcel owner wants to acquire intensity for an office development. Parcel A: Stevens Creek Boulevard 80,000 sq. ft. Land Area Vacant Parcel B: De Anza Boulevard 18,000 sq. ft. Land Area 3,000 sq. ft. of commercial Step 1) Determine land area committed to existing develoment on transferring property (Parcel M . Commercial uses have a .25 FAR factor. Therefore, the 3,000 sq. ft. of existing commercial space commits 12,000 sq. ft. of the 18,000 sq. ft. site. The remaining 6,000 sq. ft. can be transferred. Step 2) Transferring property owner (B) signs agreement transferring6 000 s . ft, q of land area "credits" to the receiver property owner (A) . Step 3) Compute permitted office development on receiver property (Parcel A) . The 1.84 acre (80,000 sq. ft. ) property is allocated 29.4 trips which permits 29,400 sq. ft. of office space based upon a factor of 1.000 sq. ft. of floor area per trip. • Step 4) Compute office space permitted by 6,000 sq. ft. of "land area credits" from Site B and add product to the 29,400 411 sq. ft. of area permitted by Trip Policy for Site A. a) Multiply 6,000 sq. ft. land area by .33 office FAR (.33 outside Core and .37 inside Core) 6,000 x .33 = 1 ,980 b) 29,400 + 1 ,980 = 31 ,380 31 ,380 sq. ft. of office space is permitted. Step 5) Record transfer for both parcels with the County Recorder. The Transfer document will describe the permitted land use type and FAR intensity or trips used and potentially available development. Step 6) Post the transfer to the Planning Department 's trip accounting file. Table 1 (attached) is an example of the accounting system which will be attached to the Planning Commission Resolution (s) . Example 2: Transfer from a vacant "FAR" site to a partially developed "FAR" site. The owner of a 100,000 sq. ft. parcel on West Stevens 4111 Creek Boulevard wants to acquire intensity from a vacant 100,000 sq. ft. parcel on South De Anza Boulevard. The owner of the West Stevens Creek Boulevard property wants to acquire intensity for office development. Parcel A - West Stevens Creek Boulevard 100,000 sq. ft. of vacant area. Parcel B - De Anza Boulevard 100,000 sq. ft. of vacant area. Step 1) Determine the building potential and therefore, the amount of floor area that can be transferred from Site B. a. Parcel B is located in an area regulated by a .33 FAR for office and .25 for commercial . b. The owner of Parcel B has a potential build-out of 33,000 sq. ft. of office or 25,000 sq. ft. of commercial . -3- Step 2) Define the amount of FAR to -be transferred for Parcel B. The owner of .Parcel B decides to transfer 5,000 sq. ft. of office space to the owner of Parcel A. Step 3) Determine the building potential for Parcel B after transfer of 5,000 sq. ft. of office building area. The owner of Parcel B will have a new land base of 84,850 sq. ft. if office uses are sought or 80,000 sq. ft. of land use base if commercial uses are sought. (Residual land use = 5,000 - .33 and 5,000 - .25) Step 4) Compute permitted development for receiving Parcel (A) . 1. Parcel is � q permitted 33 000 s . ft. on its own merits (100,000 x .33) . 2. Parcel A receives 5,000 sq. ft. from Parcel B. 3. Total permitted space is 38,000 sq. ft. Step 5) Record transfer for both parcels. Step 6) Post transfer into City records. 4110 Example 3: Transfer of floor area to a "build-out" 100,000 sq. ft. site which wants to convert from office to commercial . The owner of Parcel A is regulated by a .33 office and .25 commercial FAR. The site has a 33,000 sq. ft. office building. The owner wants to convert the building to a commercial use. Step 1) Determine land area "deficiency". A commercial use would be limited to 25,000 sq. ft. (100,000 x .25) . Therefore, the owner of Parcel A must transfer 8,000 sq. ft. of space from other site to build. The transfer process is described in Example 2. -4- • TABLE ONE PERMIT-ED BUILDING AREP FPL!CATION 4 • BUILDING AREA CREDITS TIPS PROSFAM FAR PROGRAM CREDIT ACRES % 16 TRIPS ACRES % 43560 % FAR TOTAL STATUS LAND 1TRIP :ACRES :TRIPS ! BLDG AREA ! _AND USE i ACRES FAR B'_DG.AREA CREDIT USE ;FACTOR : T FB OFFICE 1/1000 ' 1.94 :29.4(' , 294GO.0:i ' .1.00 29400 - TI i i' : , !DFFIEE 0, 14 ' ' 5 ; ' 0.33 ;gE' 3 , l969 0.:o 0 0,00 ' 0 TC'TAL. 23400.)0 :969.35 31369 I STATUS LEGEND TOTAL CREDIT 411P BP= PROPERTY BASE TI= TRANSFERRED IN TO= TRANSFERED OUT BUILDING AREA DEBITS TRIPS PROGRAM . FAR PROGRAM DEBIT f TOTAL STATUS LAND !TRIP ;TRIPS USED BLDG AREA 1 L+ND SSE 1 ACRES FAR 1 BLDG.AREA ! 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