11/12/2003 P&Z Packet - Laserfiche WebLink

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• AGENDA ITEM V -F • • STAFF ORIGINATOR: Mary Alice Divine P & Z DATE: 11/12/03 TOPIC: BACKGROUND: Resolution No. 03 -02 regarding the Modification of Development District No. 1 and Establishment of Tax Increment Financing District No. 1 -11 The Lino Lakes Comprehensive Plan specifies the southeast quadrant of 35W and Lake Drive as "the Village," a 65 -acre mixed -use area to be set aside as a commercial and civic focal point. The intent was to combine a privately owned commercial site with city -owned land to create walkable "downtown" neighborhood and to create a sense of civic identity and pride. The Comprehensive Plan establishes control of the uses of this site in order to create substantially more tax base than conventional suburban retail development, and to provide more diverse "lifecycle" housing choices not currently available in the city. The Comprehensive Plan establishes the housing density at 10 to 24 units per acre. In 1998 the city received grant money from the Metropolitan Council's Livable Communities fund to plan this area. The "Calthorpe Plan" was developed to leverage commitments the city has made — including the completed Civic Complex and future YMCA —with private development. The Calthorpe Plan also established design standards in keeping with the Comprehensive Plan objectives to provide "distinctive, consistent architectural style that promotes high quality, aesthetically pleasing commercial buildings." Hartford Group, Inc. has submitted a proposal for the development of Woods Edge (the Village) on the southeast quadrant of 35W and Lake Drive. Housing components include 450 units of lifecycle housing, including for -sale townhomes, apartments and condos over commercial, workforce and senior housing. More than 300,000 sq.ft. of commercial, including retail and office space is planned. Pedestrian sidewalks and bicycle paths, tree -lined streets, a community green and buildings sited at the sidewalk will create an interesting pedestrian environment. In September the Lino Lakes Economic Development Authority (EDA) authorized preparation of a modified Plan for Development District No. 1 and creation of Tax Increment Financing District No. 1 -11. This is a 25 -year Redevelopment District