05/11/2022 P&Z Packet - Laserfiche WebLink

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STAFF ORIGINATOR: P & Z MEETING DATE: REQUEST: CASE NUMBER: APPLICANT: OWNERS: INTRODUCTION PLANNING & ZONING BOARD AGENDA ITEM 8B Michael Grochala, Community Development Director May 11, 2022 Clearwater Creek Business Park Expansion — Rehbein Properties Comp Plan Amendment N/A N/A Rehbein Properties Staff is requesting initial feedback from the Planning and Zoning Board regarding a potential comprehensive plan amendment to change the land use from commercial to business campus on a 35 acre parcel south of Main Street. BACKGROUND In March of 2022, the City Council approved the relocation of the material stock pile from Centerville to the Rehbein Properties land, immediately south of Dairy Queen. Noted during the discussion was the potential development of the site with industrial uses. Staff is currently working with the property owner and two developers on an industrial project that would build out the entire land area between Northern Lights Blvd and Cedar Street. Ryan Companies, a Minneapolis based real estate developer, is working on a plan to develop the 35 acres north of Clearwater Creek. They are also coordinating plans for development of the 10 acres south of Distribution Alternatives by MSP Commercial. Development of both parcels may result in 4 buildings with approximately 560,000 square feet of manufacturing, office and warehouse space. The estimated market value would likely exceed $35 million. Approximately four acres of commercial land would remain north of Northern Lights Boulevard, immediately east of the One Stop Convenience store. There are a number of issues that will need to be addressed to facilitate the development and staff is working through those with the development groups. We are expecting a request for tax increment financing assistance to help address extraordinary development costs associated with the project. Land Use Chanize