03/01/2001 EDAC Minutes - Laserfiche WebLink

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2 Lake Drive, Main Street and the interchange area, which may include a connection from Oak Lane to Main Street. Mr. Wessel said the architectural elevations are being revised, and the developers will provide sketches, a materials palette and samples. The look of the project hasn’t changed much. He added that the developers have never officially asked for a subsidy, although they have indicated they will. The downsizing puts the project more in line with the market, so the subsidy issue may become less important. Target is not adverse to pulling the plug if the schedule can’t be met. Mr. Jensen said Target plans to build eight stores, and have back-up sites to stay on schedule. They are committed to this project as long as it moves ahead. Staff is committed to making the schedule, but it is up to Ryan to get it done. Mr. Vacha expressed concern about the ponding on site and its impact on houses on 77th, since history shows the ponds spill over. Mr. Powell said the drainage will be redirected. VILLAGE UPDATE Mr. Wessel said the Livable Communities award was contingent on land acquisition for apartments. The committee has relaxed that to allow a phased development starting with city-land, and the money will be used for a combination of infrastructure and land write down to introduce housing and commercial on the city land. Ms. Divine explained the proposed design revisions, which include commercial, office and approximately 90 units of apartments marketed to empty nesters 55 and older. The proposal moves the village green to a later phase when the Village is more developed. The YMCA is moving forward, the YMCA now believes they need several additional acres for future expansion. City land is available, but it has always been considered land the city will sell. The YMCA has been asked to justify their need. Mr. Wessel said staff is negotiating to begin development of the city land this year, and the developers are also expected to put together an offer for Taggs. The total project is dependent on a second access. Mr. Powell said the Federal Highway Administration must review it, and the city has to work through MnDot to do it. It is not unprecedented to have an access that feeds onto the freeway and into the local development. If EDAC endorses it as required to make the Village project viable, that would provide the impetus to bring it to the City Council and begin the application process. It will come to EDAC at the next meeting. The approval. process could take up to a year. In summary, traffic lights may eventually be required at the freeway ramps, Apollo Drive, and at Town Center Parkway, and the two new accesses, phased in over time. Mr. Wessel stated that Centennial School District is considering 17 acres of the Rehbein light industrial land adjacent to the middle school as an option for an elementary school. Another option is the site the district owns on Birch Street. There has been discussion of a trade with Rehbein for the Birch Street site. The economic development impact of the new industrial park should be considered. Mr. Wessel noted that when the middle school