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Planning Commission Meeting Minutes <br /> August 19, 2003 <br /> Page 5 <br /> 1 parking area noting that this configuration was not their first choice. He further explained that <br /> 2 the developer convinced them, that this configuration was the only way to market the site. <br /> 3 <br /> 4 Commissioner Hanson expressed concerns regarding access to the site noting 39`h at Silver Lake <br /> 5 Road. He clarified that his concern is that they did not have left turn lanes and that it appears <br /> 6 that they do not have enough room. He asked Mr. Shardlow what would control the traffic <br /> 7 access. Mr. Shardlow stated that the City and County would review access to the site. He stated <br /> 8 that they would present information as it becomes available from study. <br /> 9 <br /> 10 Commissioner Stromgren asked if more detail on the building features is available. He noted <br /> 11 that the parkland would be extended and asked if there would be any consideration for a <br /> 12 connection to the Three Rivers Park. Mr. Shardlow explained that there would not be a <br /> 13 connection due to the residential areas. He further explained that they are considering access via <br /> 14 Silver Lake Road. <br /> 15 <br /> 16 Commissioner Stromgren asked for further clarification of the water quality issue. Mr. Shardlow <br /> 17 explained that they are working with the Watershed and that they have a good understanding of <br /> 18 the standards and requirements. He stated that a fair amount of the site is not being treated at <br /> 19 this time noting that it would be part of the treatment process upon completion of the project. He <br /> 20 reviewed the treatment process with the Commission. <br /> 21 <br /> 22 Commissioner Hanson asked for clarification of the City contribution and Associate contribution <br /> 23 for the overall project. Mr. Shardlow stated that he met with City Financial Consultants and <br /> 24 reviewed the negotiated agreement with the Commission. He explained that it would protect the <br /> 25 City and that it would be a `pay as you go' tax increment throughout the project. He further <br /> 26 explained that the City would not be issuing any bonds and that they are in the process of <br /> 27 seeking another livable community grant to assist with the park. <br /> 28 <br /> 29 Commissioner Steeves asked for clarification of the phasing process of the project. Mr. <br /> 30 Shardlow explained that the properties located to the west have not been purchased yet. He <br /> 31 explained that Phase 1 would include all bank owned and City owned property along Stinson and <br /> 32 reviewed with the Commission. He stated that the City is not in a position to give final <br /> 33 development approval until the developer has control of the property. <br /> 34 <br /> 35 Commissioner Hanson asked if Phase 1 would be mostly retail. Mr. Shardlow clarified that <br /> 36 Phase 1 would be a combination of retail and housing. He noted that the developer has entered <br /> 37 into a purchase agreement to purchase the Cub store and reviewed the agreement with the <br /> 38 Commission. <br /> 39 <br /> 40 Ms. Hall clarified that they would be recommending approval of the final plan and plat for retail <br /> 41 only, not housing, at the September 16, 2003 public hearing. Mr. Shardlow confirmed. <br /> 42 <br /> 43 Len Pratt, Developer, Pratt/Ordway, stated that the entire team is present and available for <br /> 44 questions. He stated that based on feedback from residents in the community, they are <br /> 45 considering retail, restaurants, walking areas, parking and a Central Park feature. He explained <br /> 46 that the first piece for consideration is the retail/office component and reviewed with the <br />