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The parcel is zoned NB, Neighborhood Business District and is guided in the 2040 Comprehensive Plan towards Neighborhood Business. The following are the purpose statements identified in the zoning code for the NB Zoning District: A. To be located at the edge of residential neighborhoods. B. To provide a limited range of over-the-counter, convenience, retail, and service uses to accommodate the needs of the adjacent residents. C. To place limitations on the type, size and intensity of uses within this district, given its proximity to residential uses. D. To place emphasis on convenience for pedestrian, bicycle, and public transportation access to the use. E. To accommodate, where possible, a public commons giving residents a place to gather and interact with one another. F. To ensure adequate buffering is provided on these sites for the adjacent residential uses. G. To require, where applicable, compliance with the City's gateway requirements. The NB guiding language in the comprehensive plan states "neighborhood business designates small, isolated areas for neighborhood commercial land uses when they are compatible with surrounding residential uses. Commercial uses that are high traffic generators, noise generators, or otherwise not compatible with residential neighborhoods, are inappropriate. Typically, Neighborhood Business areas will be located on intersections or nodes that are on the edge of residential areas, are less desirable sites for housing, or have traditionally been occupied with neighborhood services. Dwelling units of three (3) to nine (9) units per acre may be permitted. The expected share of uses within this area are as follows: 0% to 100% Retail; 0% to 100% Office; and 0% to 50% Residential. A development intensity of up to 0.7 FAR may be allowed." For the work session discussion, North Shore Development Partners has submitted a preliminary concept sketch plan with a rendering and floor plan of a possible residential townhome development on this parcel (Attachment B). They are seeking City Council feedback on interest to sell this parcel. If the Council is interested in moving forward with this discussion, city staff would schedule a second discussion for a future work session and include as part of that memo a full history of the parcel as well as the next steps for sale of city owned land. Next Steps Staff is looking for Council direction as to whether or not there is interest in selling the city owned parcel at 1450 Highway 96. Should Council want to consider selling the site, it may chose to deal directly with any party or open up the site to offers from all interested parties. Budget Impact N/A Attachments A. Property Location Map B. Requestor Narrative Page 2 of 2