11-28-2022 CC - Laserfiche WebLink

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Mounds View City Council November 28, 2022 Regular Meeting Page 9 project. Council Member Bergeron supported the developer completing an in depth study on the traffic for this project prior to the Council considering the PUD. In addition, he wanted to see the other concerns that were brought forward by the Planning Commission addressed by the developer prior to consideration of the PUD. Council Member Meehlhause asked if any development other than a single family home, require a rezoning for this site. Community Development Director Sevald stated anything other than a single family home would require a rezoning, such as townhomes or retail. Council Member Meehlhause requested further information on how the Comprehensive Plan and the current zoning interacts. Community Development Director Sevald explained the Comprehensive Plan was a 20 year guide for the City. He reported development for this site would have to be compliant with the Comprehensive Plan which guides the property for mixed use (40% commercial/60% residential). Council Member Meehlhause questioned what would happen if the rezoning were approved but the project does not move forward. Community Development Director Sevald reported approval of one part of this project was contingent upon approval of all portions of this project. City Attorney Riggs explained if the property were rezoned, the Council would have to take action to rezone the site properly. He commented further on how the PUD was specific for this project. Council Member Hull inquired if the stormwater plan was sufficient for this property. Community Development Director Sevald indicated the stormwater storage would be underground beneath the parking lot. He stated the developer was required to receive a stormwater management permit as part of the building permit review. Council Member Hull asked what the property value was as is, versus what it would be if the project were completed. Mr. Ackman stated he did not know the current value of the property, but understood the one lot was paying $2,000 per year in property taxes. He noted the total development costs would be $43 million. A member in the audience asked how surrounding property values would be impacted by the proposed project. Community Development Director Sevald stated he reached out to the County to better understand how the properties surrounding the Bel Ray were impacted before and after the project. He stated the one property he investigated had a significant value increase after the Bel Ray project was completed. Finance Director Beer reported the County has the estimated market value at $128,000 for this 2.98 acre lot. Mayor Mueller stated request before the Council would rezone the property from R-1 to PUD, which was specific to this development. Community Development Director Sevald explained the rezoning was for the land and was not specific to this building.