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June 18th 2024 <br />Page 3 <br />Site Zoning History and Proposed Use <br />For many years, the property was the site of the Bremer Bank facility, including both retail <br />banking and office activities related to the financial institutional use. The property includes the <br />two-story building, perimeter landscaping, parking and circulation pavement, and a drive- <br />through banking facility on the north side of the building. Access is from both Kenzie Terrace <br />on the south (via a full-access intersection) and a right-out, right-out access to Stinson Parkway <br />on the west. <br />In 2018, the City adopted an updated Comprehensive Plan while Bremer Bank occupied the <br />site. The Comprehensive Plan included a number of policy statements indicating that <br />commercial areas of the City may be eligible for multi-family residential, or mixed commercial- <br />residential redevelopment, depending on location and appropriateness in the specific <br />neighborhood. In both the Land Use and Housing chapters of the Plan, mixed-use residential <br />projects were encouraged in efforts to promote affordable housing options in the community, <br />consistent with both City policy and Metropolitan Council requirements for affordable housing <br />development. <br />In 2019, Bremer Bank approached the City with a residential developer to explore downsizing of <br />the bank facility, and consideration of moving the bank location to a City-owned site east of the <br />current location on the south side of Kenzie Terrace. The City had been holding the site for