08-10-88 Council Minutes - Laserfiche WebLink

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MINUTES City Council August 10, 1988 Countr•y Dr•. Pelstr•ing r•eplied that his recommendation is the same as that of the & Bwana City Planner. Recognizing the timing of the development pr~oposal, it Ar~chery is consistent with curr~ent development in the ar•ea and he sees no (Cont.) pr•oblem with the proposal moving for•ward. However•, Pelstring emphasized that he still felt the Council should look at the development standar~ds of the sur•r~ounding pr~operty and infor•m the developer~ that the City may look at r~edevelopment of this ar•ea some time in the future. Pelstr•ing also pointed out that long-ter•m, the r•edevelopment may extend into Ryan Industr•ial Par~k as well. Pelstr•ing did not believe that soil conditions of the ar~ea should be a big concer~n. Pelstr•ing estimated incr~eased costs of between 60¢ and $1 per• squar•e foot in proper~ty costs for~ soil cor•r•ections which can be justified since over time the pr~operty will increase in value by $1 to $2 per• squar~e foot because of the increased level of quality in the development in the ar•ea. However~, the tr•ansition period is a 5 to 10 year~ period and the increased value in the pr•operty will take time. Fahey asked if the proper~ty were rezoned to IP Distr~ict, if the cur~rent development would immediately become non-confor•ming. Pelstr~ing r•eplied that he did not anticipate a r•ezoning for the next 3 to 5 year•s since it will take at least 3 year•s to complete Phase I. Blesener suggested that the City consider• the upgr•ading of the land along South Owasso to IP Distr•ict immediately. Blesener also pointed out that P4r. Lar~sen, Bwana Archery, would have to under•stand that r•edevelopment of his pr•operty could occur• in the next 5 to 10 years. Lar~sen r•eplied that he is concerned about developing immediately and was not concer•ned about what could happen in 5 to 10 year•s. Blesener• pointed out that if the plan proceeds as outlined by Mr. Pelstr•ing, the proper~ty could become very valuable, mor•e so than the building Mr~. Larsen is planning to construct. Blesener• stated that he could for•esee the r•edevelopment of Ryan Industr•ial Par•k as well as the trailer~ court. Fahey suggested that the development mor•atorium on the Lar~sen pr•oper~ty be lifted at this time. However•, Mr. Lar•sen would still have to submit a site plan which would have to go thr•ough the normal review pr~ocess. Fahey stated that his intent would be that the mor~atorium would remain on the other• pr~oper~ty in the ar•ea dur•ing the per•iod of the City's study of the area. Mr. Fahey intr~oduced the following r•esolution and moved its adoption: RESOLUTION N0. 88-8-327 - LIFTING THE DEVELOPMENT MORATORIUM ON COUNTRY DRIVE AS IT PERTAINS TO THE PROPERTY UNDER PROSPECTIVE PURCHASE BY MR. LARSEN, BWANA ARCHEf2Y, WITH NOTIFICATION TO MR. LARSEN THAT THE CITY COUNCIL'S LONG-TERM INTENTION IS TO INCLUDE THIS PROPERTY AS PART OF AN OVERALL REDEVELOP- MEMT TO A HIGHER GRADE INDUSTRIAL USE Page -13-