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________________________________________________________________________________________________________ <br />_ <br />Page 1 of 17 <br /> <br />PUBLIC HEARING – 8A <br /> <br />MEMORANDUM <br /> <br />DATE: October 11, 2021 <br /> <br />TO: Honorable Mayor and City Councilmembers <br /> Dave Perrault, City Administrator <br /> <br />FROM: Jessica Jagoe, Senior Planner <br /> <br />SUBJECT: Planning Case # 21-019 – Public Hearing Required <br />Applicant: Launch Properties <br />Property Location: 3737 Lexington Avenue N. and 1133 Grey Fox Road <br /> Request: Preliminary Plat, Final Plat, Master Planned Unit Development, and Site <br />Plan Review <br /> <br />Budgeted Amount: Actual Amount: Funding Source: <br /> N/A N/A N/A <br /> <br /> <br />Council Should Consider the Following: <br /> <br />Hold the required public hearing for Planning Case 21-019 an application for Preliminary Plat, <br />Final Plat, Master, Planned Unit Development and Site Plan Review for a project located at 3737 <br />Lexington Avenue N. and 1133 Grey Fox Road (“Subject Property”). The City Council will be <br />asked to make a formal decision regarding the application under Agenda Item 9A. <br /> <br />Background <br /> <br />Launch Properties (“The Applicant”), on behalf of Aldi, is requesting a Preliminary Plat, Final <br />Plat, Master Planned Unit Development, and Site Plan Review for a proposed project on 3737 <br />Lexington Avenue N. (“Subject Property”) and 1133 Grey Fox Road. The Property is currently <br />owned by STORE Master Funding III, LLC. The site is currently developed as a vacant industrial <br />building with an associated parking lot. This area includes Red Fox and Grey Fox roads and is <br />bounded by Lexington Avenue, Highway 51, Interstate 694, and the Canadian Pacific railway. <br />This area is used by a number of small and large businesses for a variety of retail, manufacturing, <br />distribution, warehousing, and office uses. This area was largely developed between the 1950s <br />and 1970s, though the retail area along Lexington Avenue has had some new development and <br />redevelopment in the last 15 years. This area is marked as an area of possible redevelopment in <br />2040. <br /> <br />1. Proposal and Use: <br />The two sites are currently developed with one vacant industrial building and associated parking <br />lot developed over both lots. The proposal includes a lot reconfiguration that would adjust the