07-16-1997 - Laserfiche WebLink

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• Mounds View Planning Commission July 16, 1997 Regular Meeting 4. Planning Case No. 487-97 2625 Highway 10; Silver Lake Commons Applicant: MSP Real Estate Development review for 16 Townhomes &Renovation of Red Oak Apartments. Director Sheldon noted that Case No. 487-97, Silver Lake Commons, had some related issues that are not part of the Planning Commission's Agenda this evening. As part of the project site there is a lot which is owned by the City and the applicants have requested to purchase that lot. Director Sheldon noted the City Council, acting as the Ecomonic Development Authority, will have to decide whether or not to sell the land. Director Sheldon explained to the Commission that a second issue related to the project was how the project is being financed. MSP, the developer, has requested TIF money, affordable housing tax credits, and funds through the Hollman Program, which is administered by the Minneapolis Housing Authority. How the project is being financed is not an issue before the Planning Commission. • Director Sheldon listed the main focus of the Planning Commission's review as being the layout of the site, parking, landscaping, the amount of open space, setbacks, and building heights. The floor was turned over to Planning Associate Ericson. Ericson briefly reviewed the request informing the public and the Commission that the applicant is requesting an approval of a development review and a parking ratio variance for the proposed Silver Lake Commons development, located at 2625-2665 Highway 10. A total of 16 new two-level rental townhomes would be built along with an extensive rehabilitation of the existing 40 unit Red Oak Apartments. Ericson stated that the applicant has submitted updated grading, site, landscape, and drainage plans as requested by the Commission at the Planning meeting held on June 18, 1997. The Commission was given a visual presentation of the new site plan. Ericson reviewed all of the changes on the resubmittal. Ericson stated that the other issue that was raised at the June meeting was the parking that the developer had planned needed to be changed. The original plan called for 86 parking spaces which is well below the City's requirements. The City Code requires 2.5 spaces per living unit with one space in covered parking and 1.5 spaces in surface parking. What the applicant is requesting is that the parking ratio be lowered down to 1.15 surface . stalls per unit and the standard one covered garage stall per unit. There is room on the 2