08/05/2021 EDAC Packet - Laserfiche WebLink

Home Search

ECONOMIC DEVELOPMENT ADVISORY COMMITTEE AGENDA ITEM 3B STAFF ORIGINATOR: Michael Grochala EDAC MEETING DATE: August 5, 2021 TOPIC: Lake and Main Redevelopment BACKGROUND The EDAC received a presentation from Paul Tucci, Oppidan Investment Company, regarding potential redevelopment of the NE Quadrant of Lake and Main. Located immediately north of the Tavern on Main, the property is currently used for auto sales, repair and salvage along with some addition quasi industrial uses. The EDAC requested additional discussion on the topic and background on the City's plans for the area. As noted in the City's 2040 Comprehensive Plan the area is guided as a Signature Gateway District. The Signature Gateway District is reserved for high visibility, high traffic corridors serving as an entrance to the Community. The district allows residential at a density of 8.0 to 10.0 units per acre with 15 units per acre allowed if the project meets the City's housing goals. The district allows for development of multiple complementary uses on a single site including a combination of higher density residential, commercial services, and employment opportunities. The Comprehensive Plan also provides specific planning district guidance regarding the Main/Lake area: A Signature Gateway district is located around the intersection of Lake Drive and Main Street. Located at a major crossroads in the community the intersection was the original "downtown" of Lino Lakes. Opportunity exists to redevelop both underutili.Zedproperty and outdated land uses. A masterplanning study should be prepared of the area to examine existing land use, future land use compatibility, right-of- way needs, access management, stormwater management, and other appropriate issues. This study area should extend south to include James Street, Vicky Lane, and Kelly Street intersections. The district allows for both residential and commercial uses. A 75125 residential to commercial area ratio was assumed for planning purposes. However, commercial development is not required and individual parcels may develop with a single land use. The city will require strong emphasis on high quality architecture and design standards. The proposed use is generally consistent with the land use plan. Multi -family residential is allowed within the district. The site could also contain commercial uses but those are not required. The specific site contains an outdated land use that is the main focus of the City's redevelopment efforts. While the guidance recommends completion of a master planning study for the area, many of the transportation components are addressed in Anoka County's 2020 Lake Drive (CSAH 23)