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The plan seeks to provide sufficient public and private open space areas throughout the neighborhood that are essential elements of community life and "sense o place PO and to }provide public connections through streets and pedestrian trails within the neighborhood. 6.3 The blaster Plan included several important objectives regarding the redevelopment of the Harnline Shopping Center site specifically as follows: Provide an entryway or gateway to the Aroma- Hamiine Neighborhood area. IN Retain some of the successful neighborhood retail services. Be financiallyfeasible for the owner ardor developer of the site to redevelop. Add open space to provide a more appealing development, public gathering places, and water retention areas that are currently not addressed on the site. IN Mix retain office, rental housing, owner occupied housing, snail business and civic and educational uses in a pedestrian friendly design. Encourage transit - oriented design. And densities as follows: small lot single family at 4 to 8 units per acre; To nhornes at 7 to 12 units per acres condolapartrnents at 18 to 30 units per acre and up to 5 stories in height; 10, 000 to 20, 000 sq. ft. of 'retail; and no more than 3 0 site coverage and max height of 4 storied in Phase II and 5 stories in Phase L 6. Value: The current land and building value for the Hamline Shopping Center site is $1.2 million paging an estimated annual tax of $43,000 (Ramsey County Assessor). It is projected that the Presbyterian Homes proposal will have a value of approximately 14 million upon completion. This will generate an estimated $200,000 in annual taxes. Therefore, the proposed project will increase the tax base; a nearly a five-fold increase. 6. : The Cormmunity Development Department has estimated that there will be 1.5 jobs per 1,000 square feet of retail space within the project or approximately 15 to 20 jobs. It is possible that some of the existing tenants and jobs will move into the new retail space. In addition, staff has estimated that the project will provide 140 new senior residents. The City and Presbyterian Hones will work together to market the project locally for Roseville seniors and Presbyterian Homes will work with the Housing Resource Center and their Senior Regeneration Program which purchases senior hones in the con nnunity and resells them to first time homebuyers. PF3421 — RCA Concept Plan - 031003 Page 6 of 10