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APPLICANT: Save Cave LOCATION: North of Brooks Avenue, East of Fairview Avenue ACTION REQUESTED: Rezoning from R-1 to R-6 Preliminary Plat Approval Special Use Permit for PTT The property in question is a 4. 81 acre tract of vacant land north of Brooks Avenue extending from Fairview Avenue on the west to the former Dayton Hudson property on the east (now owned by Northwest Tennis Club) . sam Cave also owns the six vacant lots on the easterly end of the Fairview Hills Plat which was developed in the 1950's. There are 17 homes on the other 18 lots in the 24 lot plat. One home located just north of the bank at the southeast corner of Fairview Avenue and Bruce Avenue occupies two lots, 2. Mr. Cave purchased the 4.81 acre tract of vacant lots about three years ago, at which time he was informed of the possible potential for the redevelopment of the Fairview Hills plat area and the 4.81 vacant land area to some form of commercial development that would be compatible with the residential area to the north, but capitalizing on the frontage on the north side of County Road B-2 and the proximity to Rosedale Center. This informa- tion was passed on to Mr. Cave because of our long term understanding with the owners of the residences in the Fairview Hills Plat that such a possibility exists, should the owners decide to pursue such a course in the future. 3. Since the Rosedale Center was built, meetings have been held between the City and the owners of the residences involved discussing the possibilities for such a conversion. The general understand lLtag has been that at such time as they wish to pursue such a program, the City would consider it if all the owners acted together and it was thei.r desire to effect such a conversion. It was further understood that it would not be our intent to zone a piece of it at a time witty the possibi-lity of one homeowner OPPOsing another in such a piecemeal. conversion atteTnI)t. It appeared obvious at the time (and does yet today) that the only successful way of accomplishing such a conversion from residential to high-quality-commercial would be to put all the parcels together into a single planned development balancing the high cost of land (with the relatively exTiensive single family homes on them) with the raw land so as to achieve a reason.-:ible land cost for the entire pro lect.