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be to return the Apache Plaza Mall area to the kind of exciting focal point for the community it once was; <br /> provide new housing options to meet community needs;increase the City's tax base and ensure the vitality <br /> ofthe neighborhood. In 2001,the City formally approved the Northwest Quadrant Redevelopment Plan and <br /> in 2002 selected a Development Team to undertake the redevelopment of the site in accordance with the <br /> community plan. <br /> Several of the buildings currently located within the Northwest Quadrant are going to be acquired,business <br /> and tenants will be relocated and the structures demolished to prepare the area/site for an overall,unified <br /> redevelopment.The overall redevelopment will consist ofthe development of a mixed-use urban village. This <br /> new mixed-use area will become a compact,walkable neighborhood that mixes a wide variety of housing <br /> types with big-box and smaller scale retail and commercial uses.The development will connect to the adjacent <br /> established neighborhood, a new Regional Park, and will provide a transit friendly environment. <br /> Development plans consist of construction of a 142,000 sq/ftbig box retailer,56,000 sq/ft of smaller retail, <br /> 25,000 sq/ft of office,220 market rate apartments,3 36 urban flats,26 three-story town homes,80 senior Co- <br /> Op units and 44 condominiums(#and type of units are subject to change based upon final development <br /> plans). The development will also incorporate open spaces and water features. The proposed improvements <br /> in the Northwest Quadrant will provide an opportunity to address the poor water quality issues in Silver Lake <br /> through storm water ponding and other mechanisms to address run-off,gross pollutants and other pollutants. <br /> In addition,the new development will address additional demand for the sanitary sewer system,reconstruction <br /> of a lift station located at Foss Road,the creation of a new east/west collector street(391 Avenue—new 4- <br /> lane divided roadway),the reconfiguration ofthe existing trunk water main on the site and significant upgrades <br /> in the telecommunications infrastructure associated with transit,telecommuting,and e-business opportunities <br /> at the site. It is anticipated that these improvements will cost approximately$6.5 million to construct. <br /> APPENDIX A-2 <br />