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pt ANDERSON BUILDERS MEMORANDUM DATE: June 26, 2007 T0: Mike Grochala & Mary Alice Divine, City of Lino Lakes FROM: Dave Anderson, Anderson Builders SUBJECT: Development Objectives - Properties west of Lake Drive and south of the future 77th Street realignment At its study session on June 4th, 2007, the City Council asked for additional information concerning the potential of future redevelopment along Lake Drive south of the future 77th Street right -of -way alignment. The purpose of this outline is to provide a framework and set of development objectives that may be applied as future redevelopment proposals for the area are considered. The area in question can be characterized as a redevelopment area, where the current uses (residential and business) are functional, yet, are potentially well situated for higher and better uses. In this regard, the potential for redevelopment depends greatly on the motivations of the private owners, developer and the municipality. The cost of property acquisition, demolition costs and infrastructure typically far exceeds the cost of vacant land development, which is why redevelopment projects typically requires financial support from the local municipality (as a means to stimulate economic growth, job creation and community enhancement). The importance of these financial considerations and commitments must be acknowledged before formally declaring, or committing to, a redevelopment project. Site Overview Presently, this area is comprised of several privately owned residential properties served by septic and well systems. At least one of the homes is occupied by the owner as a residential dwelling, with the others either investment rental or business properties. The total area of the combined properties is approximately 3.5 - 4 acres (not including land owned by Community National Bank between the site and Apollo Drive). Site Development Objectives and Opportunities Below, we have framed some of the key development objectives and opportunities that we believe exist in this area, should the city desire future consideration of a redevelopment proposal. These objectives and opportunities are not all inclusive and may evolve as this general commercial area evolves. Based on current conditions and our knowledge of the area, we would suggest the following development objectives be considered (which correspond with the attached illustration): 1. Lake Drive access control The residential and commercial properties in question each presently have single use drive access on Lake Drive, as traffic flows and infrastructure upgrades (i.e. Lake Drive /35W bridge) increase capacity and volumes in the area, these multiple access points will become problematic to efficient and safe movement of vehicular traffic in the area. Creating a limited number of ingress and egress points (or joint access) serving the sites would substantially reduce direct access on Lake Drive, and utilize Apollo Drive and the realigned 77th Street as primary access points serving the site.