12-09-2021 Planning Commission Packet

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STAFF REPORT TO:Chair Schwalbach and Members of the Planning Commission FROM:Corrin Wendell, Community Development Director DATE:December 9, 2021 RE:Zoning Map Amendment (Rezoning) – 0 North Owasso Blvd (Twin Lake Blvd) – Case #1406 ACTION TO BE CONSIDERED To approve a Zoning Map Amendment to rezone 0 North Owasso Blvd, PID 313022310001 and PID 313022310002 from R-1, Low Density Residential to R-3, High Density Residential contingent upon a Comprehensive Plan Amendment. BACKGROUND The City has received a Zoning Map Amendment application to request rezoning of two parcels of land that are currently owned by the City from R-1, Low Density Residential to R-3, High Density Residential in order to facilitate a multi-family housing development. Reuter Walton, a twin cities developer, is proposing to build a 60-unit multi-family apartment project on land north of Twin Lakes Boulevard currently owned by the city. The proposed project is the first of two 60-unit buildings that could be developed on the land. The project will feature a 3-story wood framed structure over one level of underground parking. The project includes several high-end common area amenities including on-site management, fitness center, community room and underground parking all at no additional cost to the residents. The unit mix will be targeted towards working families with children and feature a majority of two-and three-bedroom layouts. Units will have in unit washer and dryer, energy star appliances and open floor plans. The site is currently heavily wooded with mature trees. The buildings will sit more than 30 feet from the north and south property lines and is proposed to be well screened. The City originally purchased this land through tax forfeit in 1983 and is still currently vacant. If the proposal continues to move forward, the City Council will also be asked to consider approving a Letter of Intent (LOI) for the sale of city-owned property at their December 15th Council meeting.