Loading...
HomeMy WebLinkAbout2026-01-07 – Zoning Board of Appeals - Agenda "#  #    -   ,"#  2 %&   .- '(#) /01 ()#*   0DMRULW\0DMRULW\0DMRULW\0DMRULW\0DMRULW\0DMRULW\  9RWH 1RQH1RQH1RQH    'HEDWDEOH" ,VLW  <HV<HV<HV  1R1R1R1R1R1R1R  5REHUW·V5XOHVRI2UGHU&KDUW 'R,1HHGD  6HFRQG"  <HV<HV<HV<HV<HV<HV<HV  1R1R1R ,QWHUUXSWWKH  6SHDNHU" 0D\,  <HV<HV<HV  1R1R1R1R1R1R1R UHIHUWKLVPDWWHUWR  ,PRYHWKDWZHUHFHVVXQWLO«  ,PRYHZHWDEOHWKLVXQWLO«  ,PRYHWKDWZHDGMRXUQ  <RX6D\« ,PRYHWKLVPRWLRQEH  ,PRYHWKHTXHVWLRQ 3RLQWRI,QIRUPDWLRQ  3RLQWRI3ULYLOHJH  DPHQGHGE\«  3RLQWRI2UGHU  ,PRYHWKDW«  FRPPLWWHH ,PRYHZH 2EMHFWWRSURFHGXUH  5HTXHVWLQIRUPDWLRQ QRLVHWHPSHUDWXUH   RUSHUVRQDODIIURQW 7R'R7KLV«  ,QWURGXFHEXVLQHVV  $PHQGDPRWLRQ &RPSODLQDERXW +DYHVRPHWKLQJ 6XVSHQGIXUWKHU  VWXGLHGIXUWKHU  &ORVHPHHWLQJ  7DNHDEUHDN  (QGGHEDWH  GLVFXVVLRQ  HWF  -. /0 ()#* =RQLQJ%RDUGRI$SSHDOV6HSWHPEHU 5(68/7$33529('>@  5HSRUWVDQG5HFRPPHQGDWLRQVQRQH  3XEOLF+HDULQJV $ 9DULDQFH1R&'9$5E\01&KLFNHQ//&GED'DYH¶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ηϮϬϮϱͲϬϬϱsZ 52&+(67(5=21,1*%2$5'2)$33($/6-$18$5< ϮʹϮϬϮϱͲϬϬϱs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ϯʹϮϬϮϱͲϬϬϱs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¶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ϯ  ϰʹϮϬϮϱͲϬϬϱs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ϰ  ϱʹϮϬϮϱͲϬϬϱsZ  5HWDLO1HLJKERUKRRG$UHWDLOHVWDEOLVKPHQWWKDWLVXQGHUVTXDUHIHHWJURVVIORRU DUHD 5HWDLO6PDOO$UHWDLOHVWDEOLVKPHQWWKDWLVXQGHUVTXDUHIHHWJURVVIORRUDUHD &ULWHULRQ+)RUDQ\9DULDQFHDSSOLFDWLRQWKDWLQYROYHWKHVWDQGDUGVRUFULWHULDLQ 6HFWLRQ()32±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ϱ  ϲʹϮϬϮϱͲϬϬϱsZ  6WDII)LQGLQJV7KLVILQGLQJLVQRWDSSOLFDEOHWRWKHYDULDQFHUHTXHVW  &20081,7<'(9(/230(175(&200(1'$7,21 7KH&RPPXQLW\'HYHORSPHQW7HDPKDVUHYLHZHGWKH9DULDQFH5HTXHVWLQDFFRUGDQFH WRWKH8QLILHG'HYHORSPHQW&RGHDQGEDVHGRQ /RFDWLRQ0DS /HJHQG 5RFKHVWHU&LW\/LPLW $SSOLFDWLRQ/RFDWLRQ š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¶V0D[LPXP)URQW<DUG6HWEDFN UHTXLUHPHQWRIWRIHHWPD[LPXP [[1205,2663,2289,2718][12][,I,][Times New Roman]] 5HI7DEOH  )ROORZLQJWKH8'&SURFHVVIRUD9DULDQFHUHTXHVW 6HFWLRQGRQRWDSSO\ [[1344,983,2341,1038][12][,I,][Times New Roman]]WRRWKHUODQGVZLWKLQWKHQHLJKERUKRRGRUWKHVDPH ±7KHKDUGVKLSZDVFUHDWHGZKHQWKH6SHFLDO'LVWULFWXQGHUWKH/'0ZDV [[375,1038,819,1093][12][,I,][Times New Roman]]FODVVRI]RQLQJGLVWULFW UHSODFHGZLWKWKH8'&=RQLQJRI0;10;1]RQLQJLVWKHSURSHU]RQLQJIRUWKHVLWH7KHKDUGVKLS ZDVQRWFUHDWHGE\WKHRZQHUV [[336,1202,349,1257][12][,I,][Arial]] [[300,1203,336,1258][12][,I,][Times New Roman]]G [[375,1203,1354,1258][12][,I,][Times New Roman]]7KH9DULDQFHZLOOQRWDOWHUWKHHVVHQWLDOFKDUDFWHU [[1355,1203,2258,1258][12][,I,][Times New Roman]]RIWKHVXUURXQGLQJDUHDZLOOQRWEHPDWHULDOO\ [[375,1259,2400,1314][12][,I,][Times New Roman]]LQMXULRXVWRRWKHUSURSHUW\LQWKHDUHDDQGZLOOQRWEHPDWHULDOO\GHWULPHQWDOWRSXEOLFKHDOWKRIZHOIDUH ±7KH9DULDQFHVXSSRUWVWKHFKDUDFWHURIWKHVXUURXQGLQJDUHDE\DOORZLQJEXLOGLQJVWREHVLWHGWR SURYLGHSDUNLQJVFUHHQLQJDQGSHGHVWULDQDFFHVVLQOLQHZLWKSODQQLQJSULRUWRWKHDGRSWLRQRIWKH8'& [[2374,1369,2386,1424][12][,I,][Times New Roman]] [[333,1423,346,1478][12][,I,][Arial]] [[300,1424,333,1479][12][,I,][Times New Roman]]H [[375,1424,1377,1479][12][,I,][Times New Roman]]7KHGHYHORSPHQWRIWKHSDUFHOLQTXHVWLRQFDQQRWEH [[1378,1424,2309,1479][12][,I,][Times New Roman]]LQWHJUDWHGZLWKGHYHORSPHQWRIDGMDFHQWORWVRU [[370,1479,2375,1534][12][,I,][Times New Roman]]SDUFHOVXQGHUWKHVDPHRUUHODWHGRZQHUVKLSWKDWZRXOGDOORZUHDVRQDEOHHFRQRPLFXVHRIWKHWRWDOVLWH ±1R [[375,1534,1211,1589][12][,I,][Times New Roman]]FRQVLVWHQWZLWKWKHSURYLVLRQVRIWKLV8'& [[1341,1534,1353,1589][12][,I,][Times New Roman]] I7KHYDULDQFHRQO\ [[375,1589,1232,1644][12][,I,][Times New Roman]]7KH9DULDQFHZLOOQRWDOORZDXVHRWKHUZLVH [[1233,1589,2007,1644][12][,I,][Times New Roman]]QRWSHUPLWWHGZLWKLQWKH]RQLQJGLVWULFW UHPRYHVWKHUHVWULFWLRQVRIWKHIURQW\DUGVHWEDFNDORQJ:HVW&LUFOH'ULYH$OOSURSRVHGXVHVDUHVWLOO VXEMHFWWRD6LWH'HYHORSPHQW3ODQSHUPLWXQGHU0;1FULWHULD [[336,1753,349,1808][12][,I,][Arial]] [[299,1754,336,1809][12][,I,][Times New Roman]]J [[375,1754,1395,1809][12][,I,][Times New Roman]]7KH9DULDQFHGRHVQRWLQYROYHDFKDQJHWRRUH[FHSWL [[1395,1754,2409,1809][12][,I,][Times New Roman]]RQIURPDQXPHULFDOVWDQGDUGWKDWLVLQFOXGHGLQWKH [[375,1810,2406,1865][12][,I,][Times New Roman]]GHILQLWLRQRIDXVH VXFKDVWKHPD[LPXPQXPEHURIVTXDUHIHHWLQD1HLJKERUKRRG5HWDLOHVWDEOLVKPHQW  7KHGHILQLWLRQRI6HWEDFNGRHVQRWKDYHQXPHULFDOVWDQGDUGV [[374,1865,411,1920][12][,I,][Times New Roman]]± [[1583,1865,1595,1920][12][,I,][Times New Roman]] [[336,1919,349,1974][12][,I,][Arial]] [[300,1920,336,1975][12][,I,][Times New Roman]]K [[373,1920,2277,1975][12][,I,][Times New Roman]])RUDQ\9DULDQFHDSSOLFDWLRQWKDWLQYROYHWKHVWDQGDUGVRUFULWHULDLQ6HFWLRQ()32± 127$33/,&$%/( [[373,1975,1674,2030][12][,I,][Times New Roman]])ORRGSODLQ2YHUOD\WKHIROORZLQJDGGLWLRQDOFULWHULDVKDOODSSO\ [[2075,1975,2087,2030][12][,I,][Times New Roman]] 127$33/,&$%/(±3DUW [[325,2029,338,2084][12][,I,][Arial]] [[300,2030,325,2085][12][,I,][Times New Roman]]L [[375,2030,1870,2085][12][,I,][Times New Roman]]7KH%RDUGPD\JUDQWD9DULDQFHWRWKHVWDQGDUGVLQWKLV8'&LILWILQGVWKDW LSHUWDLQVWRLVVXHGSHUPLWVFHUWLILFDWHV [[1148,2085,1160,2140][12][,I,][Times New Roman]] [[300,2140,462,2195][12][,I,][Times New Roman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