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Item 05C <br />Page 4 of 17 <br />Density12 13 <br />Previously, the City Council & Planning Commission has <br />expressed support to amend the City Code to reduce the <br />minimum project size (relates to 7700 Long Lake Rd planned <br />townhome development). <br />R-4 <br />PUD (proposed) <br />Lot 1 <br />Lot Area <br />2.86 ac <br />2.86 ac <br />Lot Area based on maximum density; 1 <br />unit per 2,500 sq ft lot area <br />49.8 <br />units <br />140 units <br />Within PUD's, the exact density allowable shall be determined by <br />standards agreed upon between the applicant and the city.1 a <br />PUD Evaluation Criteria15 The Planning Commission should provide opinions regarding if the <br />criteria is met. <br />(a) Adequate property control is provided to protect the individual <br />owner's rights and property values and the public responsibility <br />for own maintenance and upkeep; <br />The developer has a purchase agreement for Phase 1; 140- <br />unit apartment, and will own the building. <br />Phase I will cost $28.7 million to construct. For comparison, <br />the 2022 Estimated Market Value (EMV) for Bel Rae Senior <br />Living; $11.4 million; and Gray Stone Flats: $19.8 million. <br />(b) The interior circulation plan, plus access from and onto public <br />rights of way does not create congestion or dangers and is <br />adequate for the safety of the project residents and the <br />general public; <br />Phase I has a capacity of 196 vehicles. Phase II has a <br />capacity of 210 vehicles (est.). All traffic will exit onto Woodale <br />Drive. Woodale Drive & Mounds View Boulevard is a <br />signalized intersection. <br />Staff recommends that a sidewalk be provided, connecting the <br />Mounds View Boulevard Trail to Woodale Drive, to include an <br />area sufficient for a school bus stop. <br />12 Mounds View City Code §160.056(B)(2)(c) ( Planned Unit Development, Multiple Family) <br />13 Mounds View City Code §160.317(A)(5); Density bonus. As a consequence of a planned unit development's <br />planned and integrated character, the number of dwelling units allowed within the respective zoning district <br />may be increased by 10%. The building, parking and similar requirements for these extra units shall be <br />observed in compliance with this chapter. NOTE: this allowance (124,581 sq ft lot area /2,500 sq ft = 49.83 <br />units X 110% = 55 units maximum with PUD density bonus) may be superseded by the City Council. <br />14 Mounds View City Code §160.316(F) (General Requirements and Standards; Density) <br />15 Mounds View City Code 160.318(C)(6) (Procedure; Development Stage; Review and evaluation criteria) <br />i lie rviounus view vision <br />A Thriving Desirable Community <br />