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KRAMER LAKE OVERLOOK MIXED-USE DEVELOPMENT LAKE ELMO, MN COMPREHENSIVE PLAN AMENDMENT UPDATED APRIL 8, 2024 The Gene and Anne Peltier Trust as property owners and Tamarack Land Development as Developer request an amendment to Lake Elmo’s 2040 Comprehensive Plan. Our request is to move the MUSA Development Growth time frame for these parcels located in the NW Quadrant of Lake Elmo Blvd and Hudson Road up to 2024 from 2030. The Kramer Lake Overlook Mixed-Use Development project is proposed on approximately 57 acres of land on the south-central border of the City of Lake Elmo in Washington County. The project will include 92 single - family twin homes, one 121-unit multi-family apartment building and one 186 multi-family apartment building, and 60,000 square feet of commercial space. Development of the project area will include installation of public and private infrastructure including streets, municipal water and sanitary sewer, stormwater systems, electrical, gas, and telephone lines, as well as mass grading, stormwater management practices, and new home construction. Hudson Road will also be upgraded to current design standards and will include a multi-use path along the project frontage. The proposed development will also require a change in zoning from Rural Transitional to Mixed Use Commercial. This zoning change is consistent with the 2040 Comprehensive Plan zoning guidelines. This development supports the goals of the comprehensive plan that relates to land development. We are: • Developing an area for new businesses • Installing municipal infrastructure at this site allowing future extensions to the west o Land owner sold to the city, at a reduced price, land to construct the new water tower which is now fully constructed. • Providing trails and improving Hudson Road • Preserving view sheds and maintaining open spaces • Adapting the site plan to meet the changing guidance of staff and zoning regulations • Providing mixed housing stock • Providing affordable housing, a significant increase over what currently exists The 57-acre site is situated within the Kramer Lake Shoreland Overlay zone. Thirty-one acres falls within this zone. The residential portion of this project has a density requirement of 10 units per acre. This requires approximately 385 residential units. The proposed site plan meets this density requirement and complies with several of the restrictive codes such as reduced unit densities per Shoreland Tiers, Increased buffer zones, lower limits of impervious surface and lower building heights. To fully comply with the density requirements of this zoning district, a PUD may be the best solution. Granting this amendment request will help the City of Lake Elmo get closer to its goals of housing diversity and affordability much sooner. As it stands today,” young people starting out their careers are distinctly missing from the community because there are few, if any, options for them to live affordably in the community” (Comp Plan page 4-17). Approval will also allow this development to move forward through the city’s approval process. It is the goal of the property owners to sell the property once the developer obtains city and other jurisdictional approvals. It is the developer’s goal to start construction in 202 5.