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• Selling the building for a business use could conflict with fire/police access if the parking <br />lot is not relocated and there is high traffic. It is zoned PF/Institutional, so the uses are very <br />limited unless we change zoning and FLU. But based on how the last RFP went this could <br />be a great option. <br /> <br />• A new access from Laverne does not appear to meet access spacing requirements, so <br />developing the site independently, together with all the site restrictions above may not be <br />feasible. However, if the school and Fury motors redevelop, the site could potentially fit <br />into and be useful as part of the larger redevelopment project, accessing the larger site <br />redevelopment internally. <br /> <br />Options with Pros and Cons <br /> <br />Option #1 Demolish the building for green space and retain or eliminate the existing parking lot <br /> <br />Pros: Provides more green space, one-time cost to demolish, allows the city to wait while incurring minor <br />costs, could be used for stormwater ponding if current ponds fail <br />Cons: Doesn’t provide additional parking, cost to demolish and reduces the site value, no additional taxes <br /> <br />Option #2 Demolish the building and expand parking <br /> <br />Pros: One-time cost to demolish, provides more parking, allows access away from the restricted emergency <br />vehicle entrance <br />Cons: Cost to demolish and to construct a parking lot, wouldn’t increase the site value, no additional taxes, <br />could have stormwater requirements <br /> <br />Option #3 Sell the building to a business <br /> <br />Pros: No cost to demolish, would increase site value, would generate taxes <br />Cons: Reduces potential for more parking, business parking would have to be located between Laverne and <br />the building, access would most likely be through City Hall’s entrance off Laverne, increased traffic <br />adjacent to emergency vehicle access, utility easements could restrict use, could have stormwater <br />requirements <br /> <br />Option #4 Lease the building to a business <br /> <br />Pros: No cost to demolish, would increase site value, could generate sales taxes, retaining ownership could <br />provide site flexibility in the future <br />Cons: Reduces potential for more parking, business parking would have to be located between Laverne and <br />the building, access would most likely be through City Hall’s entrance off Laverne, increased traffic <br />adjacent to emergency vehicle access, utility easements could restrict use, business investment may make <br />it difficult to change use in the future, could have stormwater requirements <br /> <br />Option #5 Keep the building and revisit the issue. <br /> <br />Pros: No cost to demolish, retaining ownership could provide site flexibility in the future <br />Cons: Reduces potential for more parking, cost to maintain related to uncertain timing <br /> <br />Option #6 Monitor the school site and partner with future developers. <br /> <br />Pros: Retain ownership or sell, the development could receive more housing density, could provide site <br />flexibility in the future (a parking lot or other use), the site could be accessed through the abutting parcel,