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<br />an aggressive construction schedule to complete all three buildings by late <br />2020 or 2021. <br /> Parking. <br /> Parking will be well-managed across the Project. <br />Based on the experience of the selected senior living operator, the senior <br />buildings are likely over parked. The independent living building <br />provides 126 stalls for 61 units, even though it is unrealistic to expect that <br />a 2 to 1 parking ratio is necessary to meet parking demand. For the <br />assisted living (which includes a memory care component), the <br />expectation is one parking stall for every 3 units plus 20 employee stalls. <br />Despite that ratio, the Project provides 111 stalls for 128 assisted living <br />units, an excess of 48 stalls above the highlight standard. <br />When it comes to the market rate buildings, similar projects have <br />generally been constructed with a 1.5 to 1.75 unit to parking stall ratio. But <br />The Village is very committed to ensuring it has adequate parking. The <br />market-rate building has 225 units (a total of 285 bedrooms). There are 238 <br />below ground parking spaces and 181 surface stalls (without the proof of <br />parking) for a parking ratio of 1.86. Sitting above market-average parking <br />ratio, The Village finds the proposed parking adequate. As discussed <br />above, however, The Village has built in an additional buffer of 37 stalls, <br />that would be constructed if existing stalls proved to be inadequate, which <br />would than slightly exceed a 2.0 unit to parking stall ratio. <br /> Open Space and Park Dedication <br />An important component of the Project is that design choices were made <br />to preserve a natural buffer along Stinson Parkway and along the northern <br />and eastern property lines. By doing so, The Village seeks to save as <br />many of the landmark trees in those areas as possible (upon further <br />inspection some may show to be less than healthy and others cannot be <br />saved due to the grading demands). Currently, The Village estimates that <br />17 such trees will be saved. In addition, the landscaping plan calls for the <br />addition of new trees to enhance screening and enjoyment that comes <br />from preserving such natural buffers. These areas will add to the trail <br />system throughout the Project to create an open, park feel. <br /> Property Control. <br />The Village has previously provided the City a copy of the deed for the <br />Property.