Memorandum of Understanding with Trammel Crow Defines Key Performance Standards

Town staff and Trammel Crow have acknowledged the need to establish more restrictive performance standards above and beyond what may typically be established through the zoning process for the new mixed-use development at Belt Line Road and Surveyor Boulevard. Council approved a Memorandum of Understanding (MOU) at its September 12 meeting that will define key performance standards for the execution of this project based on feedback received from the community.

Key components of this MOU include:

• Property Owner's Association & Covenants requirements.
• Performance standards for the development of the fee simple townhomes that enhance the Town's capacity to ensure that those dwelling units are completed in a timely manner.
• More restrictive construction work hours that limit work during the evening and on weekends.
• Performance standards for property management.
• Commitment to allow periodic private and publicly facilitated community events within the project.
• Commitment to achieve, at a minimum, Silver rating in the National Green Building Standards (NGBS) system for the multifamily building.
• Commitment to construct and maintain a bus shelter on Belt Line Road and to construct a median within Surveyor Boulevard and to maintain landscape within said median. 
• The donation of $250,000 to the Addison Arbor Foundation to support the installation of public art within the project. 
• The provision of 30 electric vehicle charging stations and the installation of additional service to allow for future EV infrastructure expansion.
• The memorialization of a statement of support for the permanent existence of Beltway Drive access restrictions for the Addison Grove neighborhood.

The applicant and staff will now begin drafting more detailed, definitive agreements to be considered and acted on by the City Council prior to issuance of a building permit for this project.

You can watch Council's MOU discussion here and read the presentation here.