Surrey planning report 7922-0187-00

Staff Report to Council Application No.: 7922-0187-00 Planning & Development Report Page 2 RATIONALE SUMMARY The Rezoning Bylaw for a six-storey apartment building was granted Third Reading by Council on July 24, 2023. Staff support introducing a Housing Agreement Bylaw, for a period of 60 years, to convert the proposal from market condo to market rental as it will provide much needed rental housing within the Guildford Plan area. RECOMMENDATION The Planning & Development Department recommends that: 1. A Bylaw be introduced to enter into a Housing Agreement and be given First, Second and Third Reading (Appendix A). 2. Council instruct staff to resolve the following issues prior to Final Adoption: (a) complete all outstanding issues identified in the Initial Planning & Development Report for Development Application No. 7922-0187-00, dated July 10, 2023, except for those items related to payment of Tier 1/Tier 2 CACs, Public Art and Affordable Housing (Appendix B); (b) the applicant is required to enter into a Housing Agreement with the City to secure all 116 dwelling units as market rental for a period of 60 years; and (c) registration of a Section 219 Restrictive Covenant to reflect the 116 market rental dwelling units and ensure the proposal will adequately address the City’s needs with respect to Public Art, Affordable Housing and Capital Project CACs (Tier 1) if the market rental tenure of the proposed development changes at any point in the future. DEVELOPMENT PROPOSAL Background • At the Regular Council – Public Hearing Meeting on July 24, 2023, Council granted Third Reading to Development Application No. 7922-0187-00 which involved the following: o Official Community Plan Amendment to allow a higher density in the Multiple Residential designation; o Rezoning from R3 to CD (based on RM-70); o Development Permit for Form and Character; o Development Variance Permit to reduce the minimum lot width, under the R3 Zone, for the remnant parcel created from 14030 – 100A Avenue; and o Subdivision from four lots into one multiple residential lot and one remnant parcel for future consolidation with adjacent properties.

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