21.12.220 OBAT Capacity Phasing.
A. The purpose of this section is to allow for increases in nonresidential development capacity over time by linking increases in maximum permitted nonresidential floor area ratio to progress on mode-split goals, improvements to transportation facilities or services, increased residential development in the neighborhood, and the adequacy of parks, emergency services and other services needed for a daytime population.
B. Increase to 0.47/0.55 FAR. The maximum permitted nonresidential floor area ratio in the Overlake Business and Advanced Technology zone shall be increased as follows when the Administrator determines a minimum of 10 points are achieved as defined in Table 21.12.220, Overlake Business and Advanced Technology Capacity Phasing Triggers.
1. Without use of TDRs or GBP: from 0.40 to 0.47.
2. With use of TDRs or GBP: from 0.47 to 0.55.
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Triggers for increasing nonresidential FAR in OBAT to 0.47 without TDRs and 0.55 with TDRs were reached by January 31, 2015. |
C. Increase to 0.55/0.62 FAR. The maximum permitted nonresidential floor area ratio in the Overlake Business and Advanced Technology zone shall be increased as follows when the Administrator determines a cumulative total of 20 points are achieved as defined in Table 21.12.220, Overlake Business and Advanced Technology Capacity Phasing Triggers.
1. Without use of TDRs or GBP: from 0.47 to 0.55.
2. With use of TDRs or GBP: from 0.55 to 0.62.
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Triggers for increasing nonresidential FAR in OBAT to 0.55 without TDRs and 0.62 with TDRs were reached by May 17, 2017. |
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Table 21.12.220 |
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|---|---|
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Event |
Points |
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Each increment of 250 residential dwellings permitted in Overlake after October 20, 2009. |
3 |
|
Overlake Village Park (2.5 acres minimum): project fully funded |
1 |
|
Overlake Village Park (2.5 acres minimum): land acquired or dedicated |
1 |
|
Overlake Village Park (2.5 acres minimum): operational |
1 |
|
Overlake Village Regional Stormwater Facility 1: project fully funded |
1 |
|
Overlake Village Regional Stormwater Facility 1: land acquired or dedicated |
1 |
|
Overlake Village Regional Stormwater Facility 1: operational |
1 |
|
Overlake Village Regional Stormwater Facility 2: project fully funded |
1 |
|
Overlake Village Regional Stormwater Facility 2: land acquired or dedicated |
1 |
|
Overlake Village Regional Stormwater Facility 2: operational |
1 |
|
King County Metro RapidRide service operational in Overlake |
3 |
|
Sound Transit Bus Rapid Transit service operational in Overlake |
3 |
|
Other transit or shuttle connections between employment campuses in OBAT and retail and service locations in the Overlake Village subarea at 30 minute or better frequencies from 8:00 AM to 7:00 PM |
3 |
|
East Link Light Rail Segment D: preliminary design complete |
2 |
|
East Link Light Rail Segment D: construction contract awarded |
4 |
|
East Link Light Rail Segment D: operational |
5 |
|
East Link Light Rail Segment E: preliminary design complete |
1 |
|
East Link Light Rail Segment E: construction contract awarded |
3 |
|
East Link Light Rail Segment E: operational |
4 |
|
Overlake Access Project (slip ramp): preliminary design complete |
1 |
|
Overlake Access Project (slip ramp): construction contract awarded |
3 |
|
Overlake Access Project (slip ramp): operational |
4 |
|
148th Avenue NE Corridor Improvements Phase I: preliminary design complete |
1 |
|
148th Avenue NE Corridor Improvements Phase I: operational |
2 |
|
West Lake Sammamish Parkway Improvements (TFP project RED-BROTS-031): operational |
2 |
|
NE 40th Street Nonmotorized Bridge: operational |
2 |
|
SR 520 Trail Grade Separation at NE 40th and NE 51st Streets: operational |
2 |
|
Overlake Wayfinding Program: Tier 1 Directional Signs installed |
1 |
|
Overlake CTR-affected employers’ average non-single-occupancy-vehicle mode split of 45 percent |
5 |
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Overlake CTR-affected employers’ average non-single-occupancy-vehicle mode split of 50 percent |
5 |