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August 17, 2021 Page 2 The proposed PUD meets the requirements of the Zoning Ordinance for many of the baseline standards. The principal areas of flexibility under the PUD include: (1) Building height (code is 35 feet/3 stories); applicant proposes approximately 56 feet to top of parapet and 4 stories. (2) Lot coverage/impervious surface (R-4 code limits this to 50%); applicant’s proposal is approximately 50.5%. (3) Density (R-4 code limits this to approximately 24 units per acre, Comprehensive Plan calls for 20-40 units per acre); applicant is proposing approximately 32 - 36 units per acre. Staff believes that the flexibility requested under the PUD is appropriate, given the objectives of the Comprehensive Plan and the related improvements and amenities proposed as part of the project. Staff is recommending approval of the Preliminary Plan stage of the PUD Amendment for Bremer Bank at 2654 Kenzie Terrace and Interstate Development at 2410 Lowry Avenue NE, with a series of conditions as noted in the summary section below. GENERAL INFORMATION Applicant: Interstate Development, Bremer Bank Owner: Bremer Bank, City of St. Anthony Village Location: 2401 Lowry Avenue NE, 2654 and 2534 Kenzie Terrace; Existing Land Uses Commercial (Existing Bank) Vacant (Former Bowling Alley Site) Vacant (Bremer-owned “triangle” property) Zoning: C, Commercial Deadline for Agency Application Complete Date: July 21, 2021 Action: 60 Days: September 20, 2021 Letter Sent: NA 120 Days: November 19, 2021 1. Background Project Description. The applicants are seeking a 3-parcel PUD proposal that would include two parcels owned by Bremer Bank (the existing bank site and a vacant remnant parcel across Kenzie Terrace from the bank), and the City’s parcel, usually known as the “old bowling alley” site. Interstate proposes a 76-unit multiple-family residential facility on the main Bremer Bank property, a relocation of the Bremer Bank facility to the City parcel, and a grant to the City of the remnant Bremer property for use as (in part) an entrance element for the community. The project is proposed to be developed in two phases. First phase would consist of construction of the new bank facility at 2654 Kenzie. The second phase would then be construction of the apartment project at 2401 Lowry, once Bremer has relocated to the new building.