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August 18, 2020 <br />Page 5 <br /> <br /> <br />Existing PUD. While the subject site lies within the boundaries of the Silver Lake PUD <br />(approved in 2004), the PUD does not include an approved conceptual development <br />plan for the subject site. In this regard, no modifications to the original terms of the <br />PUD approval or the processing of a PUD amendment are necessary. <br /> <br />Processing. To accommodate the project, a two-stage review process will take place. <br />The application under consideration is the Preliminary PUD Plan stage. Generally <br />speaking, Preliminary Plan approval is similar to a basic rezoning in that it establishes <br />that the proposed use is appropriate for the subject site. Also, as part of Preliminary <br />Plan review, various conditions of approval are typically imposed. The Preliminary Plan <br />will be subject to a public hearing, review and recommendation by the Planning <br />Commission and approval by the City Council. <br /> <br />The second stage is the Final PUD Plan which basically serves to implement the various <br />conditions of Preliminary Plan approval and ensure that such conditions have been <br />satisfied. The Final Plan will be subject to review and approval by the City Council. No <br />public hearing is required for Final Plan consideration. <br /> <br />Comprehensive Plan <br /> <br />Land Use Plan. According to the St. Anthony 2040 Comprehensive Plan, the <br />Metropolitan Council has classified St. Anthony Village as an “urban community.” <br />“Urban communities” are expected to plan for forecasted population and household <br />growth at average densities of at least 10 units per acre for new development and <br />redevelopment. In addition, “urban communities” are expected to target opportunities <br />for intensive development near regional transit investments. <br /> <br />The Land Use Plan included in the draft 2040 Comprehensive Plan directs high density <br />residential use of the subject site. The Plan also establishes a desired density range of <br />20 to 40 units per acre for high density residential development. <br /> <br />Proposed Residential Density. The applicant has proposed a residential density of 44.7 <br />units per acre (38 dwelling units/0.85 acres) which exceeds the density range directed <br />by the City’s draft 2040 Plan. As previously indicated, the applicant has requested <br />flexibility from this density directive via the PUD. <br /> <br />In previous review of the PUD concept plan, Staff raised two options available to the City <br />to address the density issue. These options were as follows: <br /> <br />A. Expand the area of the subject site such that the density directives of the Plan can <br />be satisfied. This would basically involve the acquisition of a portion of the <br />restaurant property which abuts the subject site to the south.