Agenda Packets - 2022/11/28 - Laserfiche WebLink

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Resolution 9654 Page 3 of 7 the Developer is requesting that the additional material be accepted (cement board siding, architectural metal, and other accent material). WHEREAS, a PUD Concept Plan was reviewed by the City Council on August 1, 2022, consistent with Mounds View Municipal Code §160.319; and, WHEREAS, the Planning and Zoning Commission reviewed the request on November 2, 2022, recommending Approval (Resolution 1154-22). Consistent with Mounds View City Code §160.045(G) (Finding of Fact), the Commission provided the following Findings (italics); 1. Adequate property control is provided to protect the individual owner's rights and property values and the public responsibility for own maintenance and upkeep; FINDING: The developer has a purchase agreement for Phase 1; a 140-unit apartment, and will own the building. Phase I will cost $28.7 million to construct. For comparison, the 2022 Estimated Market Value (EMV) for Bel Rae Senior Living; $11.4 million; and Gray Stone Flats: $19.8 million. [Woodale Apartment project costs were revised after November 2, 2022; $35 million construction costs, and $45.8 million total costs]. 2. The interior circulation plan, plus access from and onto public rights of way does not create congestion or dangers and is adequate for the safety of the project residents and the general public; FINDING: Phase I has a capacity of 196 vehicles. Phase 11 has a capacity of 210 vehicles (est.). All traffic will exit onto Woodale Drive. Woodale Drive & Mounds View Boulevard is a signalized intersection. [The parking plan was revised after November 2, 2022, to include 198 stalls. A Traffic analysis was completed, and included in the November 28, 2022 City Council packet]. 3. A sufficient amount of usable open space is provided; FINDING: sq ft of Usable Open Space may be determined to be sufficient by the City Council. The project is adjacent to Edgewood Middle School, which includes 14- acres of wooded open space on public land, and is % mile from Rice Creek North Regional Park. [Usable Open Space was clarified after November 2, 2022, to include 33,189 sq ft, or 237 sq ft per unit]. 4. The arrangement of buildings, structures and accessory uses does not unreasonably disturb the privacy or property values of the surrounding residential uses; FINDING: Phase I will include one 140-unit apartment building. Phase I & 11 will be situated such that surface parking will be mostly screened from street view by the building(s). Western (adjacent to R-1) screening will include 8' tall coniferous trees, which will grow to 40' — 60' in height at maturity. These trees grow about