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Town of North Andover
Articles 27 & 28 :
Osgood Overlay
Annual Town Meeting
May 14, 2007
Presented by:
Curt Bellavance, AICP
Director, Community Development Division
Town of North Andover
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Introduction
➢ Timeline / Planning
➢ What is M. G.L. Chapter 40R?
➢ What does 40R accomplish ?
➢
Why Vote for 40R?
Ti* m e Ii* n e ,
➢ Fall 2005 — Start
➢Winter/Spring 2006 — Feedback / Peer
➢ Summer 2006 — Task Force / State
➢ Fall 2006 — application
➢Winter 2007 — finalize
Spring 2007 — Town Meeting
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Planni* ng
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➢ Balanced Growth
➢ Economic / Fiscal
➢ Wrote 40R Bylaw and
Design Standards
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Proposed Smart Growth District
Zonin g District
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Smart Growth Sub-Districts
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Residential Mixed-Use in
Mixed-Use Development
Business Opportunity l®
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40R " Smart Growth" Bylaw
Allowed Uses
�� Anordability
�� Design n da r to ds
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ontrol C & Process
1 Examples of New Uses ,
➢
Housing
• Multi-Family
• Townhouses
,
➢ Retail shops & Plazas
➢ Restaurants ''
➢ Theatres & Arenas xi 4trrf
➢ Banks
➢ Recreation
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2 . Affordable Housing
➢ 20 % - 25 % affordable units
➢ 80 % Median Income ($46,300)
➢ 70 % Local preference
• Residents
• Teachers
• Firefighters / Police
➢ Consistent with Town housing plan
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3 . Design Standards
➢ Ensure high-quality development
➢ Includes :
• Building: Design / Materials / Placement
• Buffering / screening
• Landscaping / street trees / open space
• Pedestrian amenities and recreation
• Lighting and signage
➢ Bindin g & Enforceable
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4. Regulatory Overview �n .-� � .
Planning Board is permit-granting
authority
➢ Application reviewed by other Boards
& Town Departments
➢ Public Hearing
➢ Application must comply with Bylaw —
or it is denied
➢ Subject to Local Regulations
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Accomplis
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1 . Expand � a �w
Development �
➢ More Commercial '
Expand Tax Base � �
(Ease residential burden
➢ Future Development
on Route 125
2 . Redevelopment
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Smart
➢
Existing infrastructure :
• Roads & Access -
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• Water & Sewer
➢
Developed Site :
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• Saves Neighborhoods
Pr
• Saves Open S
More Control
➢ Achieve Affordability Number
➢ Same Review process : Public
Hearing & Town Review
➢ Design Standards are Enforceable
➢ Lower school impact (project type)
➢ North Andover choosing Site
➢ ZBA: control of 40B projects
4 . 40R vs . 40B
530 / 455 611 / 173
Town Control Developer Control
Incentive $$$ -
Commercial -
Low More School
School impact impact
5. Fil* scal S
a
(assumes full build-out
Short Term (FY08 — FY10)
■ $600,000 Incentive money (State)
■ $1 .5 - $2M Local Permitting Fees
■ $1 ,060,000 Developer money
■ $1 ,590,000 Bonus money (State)
➢ Lon g Term (FY11 * * *
• $200,000,000 assessed value
• Route 125 Corridor development
• CPC gets $30,000 annually
6 . Commitments
Development Agreement
• Guarantee $600,000 (Spend FY08)
• Gift of $ 1 ,060,000 ($2,000/unit)
• Peer Review costs
• Deed restriction for Commercial
• State 10 % to 2030
➢ AvalonBay
■ National rental company
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W y Vote Y S
for 40RI.
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YES means .
➢ Town in Control
➢
Anordability
➢ Economic Development
➢ Low Impact on Town Services
➢ Fiscal Impact
• Short term : $5,000,000
• Lon g Term : $200,000,000 value