https://cityofmerced.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5368742&GUID=0FAEC5D2-0505-49F8-BB8C-216F9BA3E010Legistar15https://cityofmerced.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5368742&GUID=0FAEC5D2-0505-49F8-BB8C-216F9BA3E0100FAEC5D2-0505-49F8-BB8C-216F9BA3E010-2024-09-19-15-08-25Title: SUBJECT: Approval of Density Bonus #21-01 Initiated by UP Holdings, LLC, to Allow an Increase in Density and Concessions to Development Standards to Allow the Construction of a 66-unit Apartment Complex Including 65 Affordable Permanent Supportive Housing Units, a Manager’s Unit, and a Community/Office Area Within a Three-Story Building on a 1.54-Acre Parcel, Generally Located on the West Side of Park Avenue, Between Olive Avenue and Alexander Avenue and the Approval of a Regulatory Agreement with Mercy Village L.P. (Future Property Owner) to Memorialize the Affordability and Density Bonus REPORT IN BRIEF Considers the approval of a Regulatory Agreement with Mercy Village L.P. granting a Density Bonus and certain concessions to development standards to allow the construction of 66-unit apartment complex consisting of 65 affordable permanent supportive housing units, a manager’s unit, and a community/office area within a three-story building at 3015 Park Avenue. RECOMMENDATION City Council - Adopt a motion: A. Finding that the adoption of the Regulatory Agreement is exemThu, 19 Sep 2024 15:08:25 GMT