08-23-1989 Council Agenda - Laserfiche WebLink

Home Browse Search

In an effort to develop the residentially zoned remnant parcel of land located to the rear of the commercial center, the City suggested the "land locked" parcel be included and subdivided as part of the applicant's overall development scheme. As a financial incentive to the developer, the City agreed to consider the tax increment captured from the new commercial center be used to write down the cost of the residential subdivision. In April of this year, the developer submitted plans detailing the proposed commercial /residential development. A problem incurred with the proposal is that even with the TIF from the commercial center, development costs appear to exceed the resale value of the residential lots. Should the development be deemed unfeasible to the applicant, he would wish to pursue the current proposal under review within this report. The following..exhibits have been attached for reference: Exhibit A - Site Location Exhibit B - Detailed Site Location Exhibit C - Site Plan Exhibit D - Building Elevations Exhibit E - Development Proposal (April 1987) Exhibit F - Development Proposal (April 1989) Exhibit G - Site Plan Alternative ANALYSIS PUD Amendment. As mentioned previously, the applicant has requested to amend the original PUD approved in the Spring of 1987 (see Exhibit E) to include a 10,400 square foot addition to the existing commercial center and a 2,400 square foot free- standing Rapid Oil Change building. Parking Requirements. Per Ordinance standards and as shown below, 56 parking stalls are required of the proposed retail and Rapid Oil Change establishments. Strip Retail 10,400 square feet (10,400 s.f. X .9) 9,360 square feet 1/200 47 Rapid Oil Change (2,400 s.f. X .9) 8 + 1 space for each 9 2,160 square feet 200 sq. ft. of floor space over 2,000 sq. ft. TOTAL SPACES REQUIRED 56 Spaces Ratio Required The submitted site plan illustrates 59 spaces thereby exceeding Ordinance requirements by three spaces. Page 47