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REQUEST FOR COUNCIL ACTION DATE: 02/8/99 ITEM NO F—1 ment Approval: i M nager: Agenda Section: REPORTS liteFDRe"scription: Request by Subuiban True Value Hardware fbr Cornerstone- Grant an Small Business Loan for improvements at 1930 Lexington Avenue North (PF#3029) 1,0 REQUESTED TED A TIO 1.1 David Johnson, owner of Suburban True Value Hardware located at 1930 Lexington Avenue North is requesting a grant to complete sidewalks and street tree improvements as part of the Cornerstone program in addition to a Small Business Loan for additional landscaping and site improvements as part of the expansion of the business. 2.0 BACKGROUND 2.1 Mr.Johnson received a variance from Section 1005.01(A) of the City Code to reduce the rear yard setback to 3 feet and the side yard setback to 4.5 feat for the purpose of constructing a 7 x (1,875 square feet) addition to an existing 4,625 square foot building(6,500 square feet total with addition)on September 14, 1998. 2.2 In addition, Council directed staff to work with Mr.Johnson on a finance plan for the additional improvements to include either a special assessment or City loan blended with a bank loan and bring back the final financial plan for City Council approval. 2.3 The City Council's approval of the variance was subject to the additional improvements being completed within one year. These improvements include: 1) installation of landscaping on the east side of the building in accordance with the Bachman plan agreed to by the townhome association; )installation of boulevard landscaping along Lexington and Roselawn;3)parking lot improvements (concrete perimeter curbing and drainage); 4) installation of sidewalk along Lexington and Roselawn; 5) compliance with drainage/storm sewer corrections as required by the City Engineer;6) construction of trash enclosure;7)installation of additional landscaping on the south side of the building., 11 The cornier of Lexington Avenue and Roselawn Avenue has been identified as a Cornerstone intersection and concepts for redevelopment of this corner have been developed. while the proposed expansion of this use dues not comply with provisions of the Cornerstone concept,it is consistent with the concept of keeping local service shops within residential neighborhoods. Guidelines for development in Cornerstone areas have been developed;however,they have not been adopted by the City Council.A portion of the guidelines encourage placing the building closer to the street,allowing more open space as a buffer,parking along side or behind the building and increasing pedestrian flow by PF#3029--RCA(02/8/99) -Page 1 of