CC WORKSESSION 06152020 - Laserfiche WebLink

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2 underground parking was maximized. We are excavating the whole building footprint to add maximum underground parking to remove as much surface parking on the west side as possible. This is not generally necessary, but the unique needs of this property and neighbors require us to do so. Furthermore, per suggestions of the neighbors, we are building more circulation on the property for cars to have another convenient option of exiting on Kenzie rather than Stinson. 2. Re-route of sanitary sewer – We have discussed this with Ehlers and it is included in their memo. 3. We made a commitment to the city of Minneapolis Parks Board that walks at the Island within Stinson will be upgraded to Park Board standards. This is part of the Historic Horace Cleveland design of the Grand Rounds. We are validating with Ehlers if this is included in the $96k in their memo. 4. Deliveries and staff parking will be at the back of the building and accessed off of Kenzie. This access point is a part of our option with the seller and came at a price based on our limitation to access the site on Stinson (e.g. large trucks cannot enter Stinson access point). This road comes at a high cost, but it keeps staff, deliveries, move in, move out-from clogging up the neighborhood. 5. This same delivery route can be for future developments into Bremer Bank & East site as the county wants to significantly limit access to Kenzie Terrace. This development wants to be a part of the solution, but it will cost dollars to do so. 6. Water Service may need to be placed on the southside of the alley and an easement given to city. The alley is currently filled with utilities making this difficult. This could be strategic as it would help city for future development and even neighbor use on the north side of Alley. They may pay for the upsizing of the line for 12” to 18”. Upsizing and taking land for easement should be a part of TIF size. 7. Stormwater retention will have to be under the parking lot. Future run off issues from storm water should be addressed in how the project builds its storm water retention and prevents future flooding of the neighbors just to the north which happens from time to time currently. Covering the costs of solving this problem for the long term to prevent future run off issues would be a part of the TIF size we request. 8. Northwest corner of the site has a significant and irregular grade change, coupling this with the fact that it is on the Horace Cleveland Grand Rounds the retaining wall will protect the pedestrian pathways. This cannot be a cheap modular retaining wall. We plan to build this with boulders to fit into the aesthetic of the Horace Cleveland Plan 9. We plan to use native landscaping on entire site because it uses less water and has a deeper root structure that absorbs more rainwater. Also fit into the aesthetic of the Horace Cleveland Plan 10. Land – The land is blighted and comes with a high price tag, but it is not an all or nothing proposition. The seller is pricing the property based on 160 units and adding a high cost for access from Kenzie. The development is continuing to negotiate with the seller as changes are made. We modified to 125 units and plan on signing an amended option with a lower purchase price. Additionally, without a fair market land price the project, considering all the unique characteristics of the property, is a no go.