04/13/2016 P&Z Packet - Laserfiche WebLink

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• Goal 4: Promote efficient, planned commercial and industrial expansion within the City's growth areas, accessible to public infrastructure and transportation. • Goal 5: Promote Lino Lakes' location within the metropolitan region as an advantage in doing business. Per the Comprehensive Plan, the mixed use guidance for the east parcel allows for a residential/commercial mix of 60/40. North Oaks Company is proposing all residential development and no commercial. A market study for retail potential was completed by Maxfield Research & Consulting on March 4, 2016. The study defined the Market Area and analyzed traffic volumes, population & household data, household incomes, consumer expenditures and retail market conditions. The market study notes: • The subject site is not located on a major thorough fare. • There is no concentration of retail at this location. • The current 10,000 ADT (vehicle trips) supports existing Holiday Station, hair salon and restaurants. • Page 17 suggests the site could support about 5,000 s.f. of destination retailer. • Page 18 suggests the site could capture 5% of the retail growth from 2016-2025. This equates to 14,350 s.f. of retail space. • Page 19 states, "we might recommend a limited amount of additional retail that could be supported in conjunction with the existing restaurant". • Page 19 states, "until there is a higher population density in the immediate vicinity of the site, attracting additional retail to this location is likely to be challenging". Additional comments: • The need for commercial development needs to be further discussed. • The PUD ordinance could provide language allowing flexibility for the 7 acre senior rental parcel for residential or commercial development. Transportation Plan Goals of the Transportation Plan are: • Goal 1: Plan for and achieve required street improvements and connectivity throughout the City of Lino Lakes. • Goal 2: Ensure that streets and roads are as safe as possible. • Goal 3: Improve traffic flow despite increase in traffic numbers. • Goal 4: Ensure that local streets are maintained (or reconstructed to) an acceptable level. • Goal 5: Reduce unnecessary traffic on Lino Lakes' streets and roads. 10