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• Page 10 1 Planned Unit Development zoning district for the Apache Plaza property based on the 2 following: 3 4 • the July 27, 2000 Preliminary and Final Plans 5 • the August 1, 2000 Exhibit A, as modified by John Shardlow 6 • recognizing deferred approvals for the Comprehensive Sign Plan; 7 the Lighting Plan, which must be consistent with City plans; and the 8 redevelopment of the New Market site. 9 Further, the Planning Commission finds that: 10 11 • the proposed Plan is consistent with the existing Comprehensive Plan; 12 Apache Plaza is an underdeveloped commercial property and.has been in this 13 condition for several years during which time the City has seen no significant 14 interest in redevelopment from developers; 15 • Apache Plaza property represents the most significant underdeveloped asset in 16 the City's non-residential tax base; recent adjacent development has failed to rekindle the commercial . redevelopment of the Apache Plaza property; 19 the project developer, Hillcrest Development, has demonstrated a successful 20 history of similar redevelopment in nearby areas; 21 • there are no detrimental impacts to nearby properties; 22 • the proposed project will be of significance to the City through its planned 23 improvements to the building exterior, interior, landscaping, storm water quality 24 treatment, and through general revitalization of a long underused property; and 25 • the proposed project represents reasonable and viable high and low use of the 26 property and that City abandonment of the proposed plan at this time would 27 send a negative message to other potential developers. 28 A few additional questions and comments were made: 29 30 Hanson asked if we change zoning now, will that zoning be forever. Bergstrom 31 answered yes, unless the proposed project failed. At that point, the zoning would 32 return to what it is now. Hanson also wondered if residential for that site is ruled out. Bergstrom responded it is ruled out for the Apache building itself. Stille said he is still hopeful that the mixed uses would include residential.