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#13-92000001 <br />P&Z 07/18/13 <br />Page 5of 5 <br />alternatively, an irrevocable letter of credit for the amount of $1,000,000 <br />for the lifetime maintenance of the project. <br />Conclusion / <br />Recommendation <br />: <br />Based on the above analysis and the best use review option by the owner and <br />the prospective developers reveal that the subject site would be better served <br />by the proposed rezone, which would be complimentarywith the anticipated <br />use of property to the south of this tract. Using this scenario, the applicant is <br />requesting to rezone the property from General Commercial (GC) to High <br />Density Residential (R-3). <br />The requested change conforms to the underlying land use and is suitable for <br />the requested change to High Density Residential.The zone changeshould <br />not have a significant impact on traffic conditions in the area and utilities <br />maysupport future developments. <br />Actions available to the Commission are listed below: <br />Recommend to Council approval of this rezoning request, from <br />General Commercial (GC) to HighDensity Residential (R-3). <br />Recommend to Council denial of this rezoning request from General <br />Commercial (GC) to HighDensity Residential (R-3). <br />Table this item for further consideration by the Commission. <br /> <br />