Preservation, Affordable Housing, and Structured Parking Bonuses.

Preservation Bonus:

A preservation bonus may be granted and may be built on an adjoining or nearby parcel for the substantial rehabilitation and restoration of a historic building. The preservation bonus will be an additional volume of building equal to up to double the difference between the existing Floor Area of the historic building and the buildable Floor Area that would be permitted under current zoning if the building was not preserved. The additional volume of new building may be located on the same parcel as the historic building, or on an adjoining or nearby parcel. Bonus building volume must not detract from the historic character and qualities of the adjacent buildings.

Definitions for Preservation Bonus:

The substantial rehabilitation and restoration of a building must result in a marked improvement in the usefulness and attractiveness of a property, while maintaining and restoring the historic qualities and characteristics of the building. The historic qualities and characteristics should be significantly based on the records, documents and structural history of the subject property. Recent additions will not be eligible for inclusion in the floor area calculation. For the purpose of these guidelines, a historic building is defined as a building built before 1945. Examples of such pre-1945 buildings are the Vogel House, the McCormick Warehouse, the Chrysalis Building, the Wisconsin Inn, and the Schlitz Building.

Affordable Housing Bonus:

For projects in Zone 1a, Zone II or Zone IV that will include the equivalent of at least 20% of the total residential floor space as affordable housing for people that earn no more than 60% of the median income in Dane County for rental units and earn no more than 80% of the median income in Dane County for owner occupied units, one additional floor above the allowable maximum may be approved. For projects in Zone IV that also include an additional 20% of the total residential floor space as affordable housing for people that earn no more than to 50% of the median income in Dane County, one more additional floor above the maximum may be approved.

Structured Parking Bonus:

In Zone II and IV, for non-residential projects, up to one additional story above the listed limits may be permitted if more than one floor of structured parking is provided.