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City Council Meeting <br />February 6, 2024 Page 3 <br /> <br />LA515\137\930284.v1 <br />Commercial (C). The remaining land area, just over 16 acres, will be rezoned to Village Medium Density Residential (V-MDR). <br />Of the 4 commercial lots, the smallest size proposed is 1.64 acres and commercial uses are not yet <br />fully identified, other than a bank building proposed on Lot 3, the southeast most commercial lot. <br />The proposed CUP will allow for a drive-through on that property for bank service. <br />The residential land use shown on the development master plan will be developed in a future phase. Those lots are shown on the preliminary plat to be outlots which will be platted when market conditions allow per the Applicant’s narrative. <br />Site Data. <br />Site area could vary slightly based on requirements for Right of Way from Washington County, or the City of Lake Elmo. Right of Way within the development is counted within the Residential (VMDR) area for the purposes of calculating density. Total Site Area 23.19 acres <br />Right-of-Way (R/W) 3.88 acres <br />Commercial (C) Area 7.0 acres <br />Residential (VMDR) area 16.19 acres <br />Wetlands None identified on site <br />Land Use(s): A high level review of the requests against adopted City plans and policies is <br />below. A review of the site against applicable subdivision and zoning design and performance standards also follows. <br />Comprehensive Plan Amendment (previously approved on 1/2/2024) <br />The City’s future land use map guides the subject property for Village Medium Density <br />Residential (VMDR) and Commercial (C). The Applicant is proposing land uses which are consistent with those categories. Presently, a total of 17.67 acres are guided for Village Medium Density Residential (VMDR), and a total of 6.46 acres are currently guided for Commercial (C). <br />As proposed, the Applicant’s request would result in a VMDR area of 16.19 acres, and a Commercial area of 7.0 acres. The minor changes in the land area between the future land use categories are due mostly to public right-of-way dedication and .54 acres being converted from <br />VMDR to C. <br />The proposal keeps the same approximate areas of the property guided for the same future land <br />uses. As such, the Comp Plan Amendment will reflect the built conditions of the property which <br />are consistent with the community’s vision and development goals. <br />Staff note that the development density of the VMDR area will be a minimum of 2.5 dwelling <br />units per acre and maximum of 8 dwelling units per acre. With no known undevelopable areas, the net acreage of the VMDR area will be 16.19 acres. This will result in a minimum of 40