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CIVIC SITE TASK FORCE – SEPTEMBER 25, 2018 2 <br /> <br />this would be a landmark project. He commented on how the best of suburban and urban living <br />would be combined through this development. He highlighted the location of the natural <br />resources corridor and pointed out the location of the Civic Site. He stated it would be his <br />recommendation the Civic use be combined with a YMCA. He believed this would be a great fit <br />for the Town Center area, as well as the overall development. <br /> <br />Mr. Lux reviewed the proposed amenities for the development, such as condominiums, senior <br />living, a theater and restaurants. He stated his vision for the Civic Site area would be to create a <br />European style piazza surrounding this block. <br /> <br />Councilmember Holmes commented on the roundabout and requested further information. <br /> <br />Mr. Lux discussed the roundabout and how it would circulate traffic and pedestrians. <br /> <br />Chair Lambeth asked if the proposed building heights and densities fit with the regulating plan. <br /> <br />Mr. Lux reported all current plans were compliant with the regulating plan. He explained the <br />financial way to pay for the Civic Block would be to create a TIF District for the senior housing. <br />He stated another request Alatus would have for the City would be to create an additional 161 <br />units of owner-occupied housing on the site. He commented further on how TIF funding could be <br />used to assist in financing this project. <br /> <br />Councilmember Holmes requested further information regarding parking for the Civic Site. <br /> <br />Mr. Lux stated he has been in discussions with the YMCA and noted this group was interested in <br />co-locating within the Civic Site. He reported the Civic Site if combined with the adjacent site <br />was 2.7 acres in size which meant he could place 300 parking stalls under this building, which <br />would easily accommodate a community space if weddings were held at this venue. <br /> <br />Chair Lambeth asked if the individual builders would complete their own marketing. <br /> <br />Mr. Lux explained the marketing for the site would be a combined effort between Alatus and the <br />developers. He stated Alatus inherited Rice Creek Commons but noted he has been working with <br />a firm out of New York to brand this project. <br /> <br />Chair Lambeth questioned where Alatus was with the Option Agreement for the Civic Site. <br /> <br />Mr. Lux reported the original Option Agreement had the project developing in one phase. <br />However, the project has evolved over time and several phases would be needed for the taking of <br />the land. He discussed how the quality of the project would increase through the new design. He <br />explained that he could not sign the MOU because he did not own the Civic Site land. <br /> <br />Chair Lambeth asked if there was a trigger date for the Civic Site. <br /> <br />Councilmember Holden reported a trigger date was no longer in place because the City and <br />Alatus did not have an MOU in place. <br />