allocation_distribution_plan.pdf
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This document sets a five-year plan for distributing approximately 460 EDUs (equivalent allocations) as of November 6, 2025, divided evenly into 92 allocations per fiscal year (July 1–June 30). Allocations are prioritized into five categories with specific annual limits: residential infill on vacant lots (~10% — 9 allocations), commercial/industrial projects that create significant economic development or jobs (up to 50% — 46 EDUs), exemplary residential projects with varied price points including some affordable units (up to ~40% — 37 EDUs), other commercial/industrial projects only if the high-priority commercial category is not fully used (up to ~20% — 18 EDUs), and other residential projects only if the exemplary residential category is not fully used (up to ~20% — 18 EDUs). Any unused allocations in a fiscal year roll forward into the next year within the same category unless the Town Council directs otherwise. The Town Council may grant allocations for future fiscal years, but developers may not use those allocations until the designated future fiscal year.
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ALLOCATION DISTRIBUTION PLAN As of November 6, 2025, there are approximately 460 EDUs available, which shall be divided evenly over the next 5 fiscal years. For each Fiscal year (July 1-June 30) – 92 allocations, prioritized as follows: 1. Residential infill on vacant lots up to approximately 10% - 9 allocations 2. Commercial or industrial projects that create significant economic development, job creation, or other community benefits– up to 50% - 46 EDUs. 3. Residential projects that demonstrate exemplary design and include various price points including some that are affordable units– up to approximately 40% - 37 EDUs. 4. Other Commercial or industrial projects that do not fit into category 2 only if category 2 does not appear that it will be used up during the fiscal year and up to a maximum of approximately 20% - 18 EDUs. 5. Other residential projects that do not fit into category 3 only if category 3 does not appear that it will be used during the fiscal year and up to a maximum of approximately 20% - 18 EDUs. Any allocations not used for any fiscal year, shall be added to the following year’s available allocations within each category, unless otherwise specified by the Town Council. The Town Council may grant allocations for future fiscal years, but the allocations shall not be used by the developer until the future fiscal year.