PL MINUTES 08012000 - Laserfiche WebLink

Home Browse Search

• Page 3 1 "Fallback Uses" was renamed "Interim Uses" in Exhibit A. These include 2 warehousing, wholesaling, distribution, fabrication, light manufacturing, assembly, 3 processing and similar uses that are not incident or accessory to the permitted uses 4 described above and that they shall be allowed as interim uses for ten years after the 5 date of adoption of the ordinance. Exhibit A also adds under "Interim Uses" is the 6 following: "If any of these uses remain after this period, and the Applicant has 7 completed all of its obligations regarding all landscaping, exterior improvements, 8 drainage improvements and signage as required under the "Minimum Plan" as set out 9 in the PUD narrative, these uses shall become permitted uses within the Silver Lake 10 Centre development.". 11 Shardlow referred to Exhibit O but indicated Exhibits I, J, and K are more indicative of 12 Hillcrest's intentions for the building. 13 Shardlow continued to read Exhibit A with the following: "None of these businesses or 14 activities will cause exterior image or character of the Centre to be downgraded, or 15 have any adverse effects on the surrounding neighborhood. The Centre will include all 16 necessary loading areas and mechanical equipment as regulated by the PUD.". In 17 conclusion, Exhibit A states that the existing Herbergers store may stay for a period of 18 8 years. 14 �9 When asked about differences in the "Preferred Plan" and the "Interim Plan" as it 20 relates to Tax Increment Financing (TIF), Mr. Shardlow responded that Hillcrest was 21 presented an incentive to reach a value for the project, and the higher the value of the 22 property, the higher TIF they_will receive. If they reach the "Preferred Plan" they will 23 receive all of the TIF. He reminded the Commissioners and audience that Hillcrest will 24 spend $6 million of their own money toward the concept plan, but of course, cannot 25 guaranty a definitive set of improvements. 26 Commissioner Tillmann asked Mr. Shardlow if existing businesses can remain and if 27 they will be under the new or old uses. Shardlow stated that the process would be 28 reviewed and that Hillcrest needs other uses than permitted uses, as outlined in Exhibit 29 A and the PUD in the event leasing does not reach its anticipated high. 30 Commissioner Thomas wondered if Hillcrest could use TIF if they use the Interim 31 Uses. Shardlow indicated TIF is driven by the value created by marketing the 32 property. Thomas then asked if Exhibit A meant that no Interim Uses would be used 33 for 10 years. Shardlow responded that if Hillcrest is not successful in leasing all of the 34 properties, then that is when the Interim Uses would begin. 35 Commissioner Melsha wondered who came up with the 10 years and Shardlow indicated he did. He again emphasized that Hillcrest is obligated to do the improvements to the property, as stated in the PUD.