Common use of Transit-Oriented Development Clause in Contracts

Transit-Oriented Development. The City would like Owner to construct mid-rise higher density apartments with mixed-use ground floor commercial east of Town Center Drive near the BRT line, because the City finds that: a. This change to the project will promote the principles of smart growth, maximizing land use potential within walking range of Otay Ranch BRT station and ensuring transit-supportive densities near BRT line. b. The transit-oriented development will establish a compact walkable community by replacing surface parking with 5-level structured parking, benefiting the environment by reducing carbon emissions. c. This type of housing product, which is considered costly to construct and has not been built in Chula Vista, will improve housing affordability and economic development by providing a more diverse mix of housing types in a fiscally sustainable manner. d. The City wants this form of development and Owner is willing to fund this high-cost product.