Homestake Drive housing (J Fisher Companies)

Every hearing and vote

1. April 28, 2022 · City Council

   Homestake Drive housing project (J Fisher Companies)

   Discussed

   J Fisher Companies presented a 120-unit proposal, 80% affordable at 60% of area median income and 20% market rate, with about 5,000 square feet of commercial space and 120 underground parking stalls, on a ground lease of 50-plus years after which the land goes to the city. Concerns included electromagnetic fields from a nearby substation; city staff said no link to health risks is established for low-frequency fields. The applicant targets an application in early June and Planning Commission review by mid-July. Members differed on parking and several asked for employment-based tenant preference.

   • Applicant: J Fisher Companies
   • Units: 120
   • Affordability: 80% at 60% AMI, 20% market

2. June 9, 2022 · City Council

   MOU amendment with J. Fisher Development for 1875 Homestake Drive housing

   Approved · 5-0

   The project has 123 units, 100 of them affordable, at an average of 60 percent of area median income across 40, 60 and 80 percent units, with four stories and 131 parking stalls under an affordable master planned development. Removing commercial space adds three units. The amendment replaces the cancellation and reimbursement clause with an option to lease through December 2023. Staff cited a $1.2 million funding gap and about $1 million in debt proceeds that would be lost under the mixed-income plan. Gerber and Dickey agreed to serve on a subcommittee. Three speakers supported the project.

   • Applicant: J. Fisher Development
   • Units: 123 (100 affordable)

   Moved by Council Member Becca Gerber, seconded by Council Member Max Doilney. Vote: 5-0

3. June 28, 2022 · City Council

   Workforce and affordable housing

   Discussed

   City staff said Park City needs 800 to 1,000 affordable units beyond current projects within five years to keep 15 percent of the workforce in the city, and Summit County needs 297 new units a year. Units at the Homestake lot would target 60 percent of area median income. Members differed on prioritizing first responders versus other workers; Gerber said prioritizing one job could be discriminatory. A majority favored targeting essential personnel; staff will define a housing authority's roles, the low-income housing tax credit and 'essential workforce', and the county chair proposed a subcommittee.

4. January 24, 2023 · City Council

   Joint meeting: affordable and workforce housing updates

   Discussed

   There are 1,095 affordable units in Summit County and 638 in Park City, together 1,790 units or 11.15 percent of occupied housing. City projects include Homestake (99 of 120 units affordable), Studio Crossing (185 affordable units), a lite-deed pilot and an employer rental incentive program; county projects include Silver Creek Village (330 units) and Slopeside (169). The city keeps land ownership at Homestake through a ground lease. A county-wide housing survey is the next step. No votes.

5. March 9, 2023 · City Council

   1875 Homestake Road affordable housing (Engine House)

   Discussed

   J Fisher Companies' plans include a 2,000-square-foot lobby, one parking stall per unit plus 5 underground and 12 surface stalls, and low-income housing tax credits. The team said electromagnetic field readings showed no danger from the nearby substation and contaminated soil will be removed; the Planning Commission recommendation was unanimous. Toly asked for a PacifiCorp presentation, Rubell asked about the city's cost contribution, and Gerber asked for a future discussion on parking for affordable master planned developments. A speaker questioned the EMF testing. No vote.