02-01-2006 - Laserfiche WebLink

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APPENDIX A-2 Proposed Project Description S The Project Master Site Plan, after all Phases, envisions the potential for a 1.5 million square foot campus in Mounds View that is designed for up to 6,000+ employees. S The company envisions a 72 acre campus, surrounded by various walking/biking paths, ponds, natural wetlands and trees. S Phase I of the project includes the construction of a building complex totaling 820,000 sq. ft. of office space. The Phase I complex would be designed for approximately 3,300 employees, with surface parking for about 3,400 vehicles. S Potential later phases of the project would likely include construction of two more buildings totaling 680,000 sq. ft of office space. The Phase II/III complex could be designed for about 2,700 employees. S Later phases are projected to be completed in 2012 and 2017 respectively and may involve structured and surface parking for vehicles. Transportation S The Bridges AUAR, authorized by the City, reviewed all transportation issues related to the proposed development of the site. RLK-Kuusisto of Minnetonka prepared the AUAR documents. S The Traffic Study, paid for by Medtronic, reviewed traffic forecasts and capacity analysis of the roads to be used by Medtronic employees. The Study indicated that a significant portion of the additional daily trips on the roads are being caused by adjacent development in Blaine and Shoreview. S The Medtronic corporate campus will be designed to maximize the flow of traffic into and out of the facility and bordering freeways. S On April 11, 2005 Gov. Pawlenty signed the State's Bonding bill that includes appropriations for road improvements necessary for the Medtronic project. The budget included $20.5 million intended for various improvements, including Airport Road, Co. Rd. J, Xylite St., Coral Sea St., Interstate 35W and Naples St. It will improve the current traffic situation and as well as accommodate additional capacity. S Because of the Medtronic project, County Road J & I-35W Bridge would be reconstructed by 2008. These infrastructure improvements are occurring 20+ years ahead of when they otherwise would be scheduled. (As Modified February 13, 2006) Due to various market conditions, Medtronic, Inc. has decided to proceed with Phase II of the anticipated project. Phase II consists of the construction of an additional 380,000 sq. ft. of office space. The total project, therefore, will consist of 1,200,000 sq. ft. of office space. In addition, the surface parking plan is being replaced with a 4,200 vehicle parking ramp. The Phase II complex would be designed for approximately 1,400 employees bringing the potential employees in the Mounds View campus to 4,320.