Housing project proposed for Rasmussen Road
More than 70 percent would be dedicated affordable units
The Snyderville Basin Planning Commission must consider whether a housing proposal on Rasmussen Road, with nearly 120 deed-restricted affordable units, would violate the General Plan or satisfy the plan’s “compelling countervailing public interest” clause.
The Snyderville Basin General Plan, which governs growth, includes a policy restricting new development entitlements beyond what is already permitted, the most contentious component of the plan when it was approved two years ago. With millions of square feet of commercial space approved and waiting to be built, Summit County leaders said they wanted to limit new development.
Red Gate Properties, LLC, a Salt Lake City-based development firm, is requesting to rezone a 22-acre parcel, located adjacent to the Park City RV Resort/Campground, to build 168 multi-family units and a transit stop. The project would also include an unspecified amount of commercial development.
Chris Corroon, co-principal of Red Gate Properties along with his brother Peter Corroon, said it would be the firm’s first affordable housing project in Summit County. Corroon said the property is currently under contract.
“We have developed some affordable projects in Salt Lake City, but we wanted to be able to provide workforce housing for employees in the Park City area whose incomes are well below the average median income,” Corroon said. “I lived in the Park City area in 1993 and 1994 and it was a little easier to find housing back then compared to what it is now.”
The Planning Commission is scheduled to hold a work session about the matter at 4:30 p.m. on Tuesday, May 9, at the Sheldon Richins Building. The item is listed as a discussion. No action is expected to be taken.
The property is currently zoned to allow one residential unit per 20 acres. The applicants are asking to change the zone from rural residential to a community commercial zone to allow more development. In a community commercial zone, multi-family residential units are allowed through a conditional-use permit process without a specific density allotment, according to a Planning Department staff report.
While the General Plan restricts the ability to grant new entitlements, it does provide circumstances under which a new project could be approved, including when a “compelling countervailing public interest that cannot be reasonably satisfied without expanding one or more entitlements” is identified.
The Snyderville Basin Development Code only requires 20 percent, or 33 units, of a market-rate project to be deed-restricted affordable units at the site. Corroon said the firm plans to use the federal Low-Income Housing Tax Credit Program to fund the affordable housing component. However, he did not have details about the eligibility restrictions or household incomes that would be targeted through the project.
“This would specifically be affordable housing, not condos, to target the resort employees and service-industry workers,” Corroon said.
Corroon said Tuesday’s discussion will give the firm an opportunity to determine whether the Planning Commission is willing to move forward with reviewing preliminary plans.
“We realize there is a significant amount of planning going on at the junction and we want to tie into that,” Corroon said. “I’m well aware of how difficult it is to find housing in Park City. We just want to provide affordable housing, along with a limited amount of housing services and connect with the transit and trail system. There wasn’t anything like that when I was living there.”
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The South Summit Board of Education voted 4-1 to put a bond measure on November’s ballot asking for $87 million to build a new high school.