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Apri ) 7, 1976 <br />PLP,f�aNIPJG P,EPQRT <br />CASE PdU��fSER: <br />964-76 <br />APP�ICA�3T: �Canad�an �inancia� Corpara��on <br />. 7900 Xerxes Avenue South, Mir�neapo7zs <br />LOCA7I O�f : <br />�ast af Sne7ling Avenue, PJorth af the <br />Rose Drive-in Ti�eatre Site <br />ACTIg�3 R�Q�ESTED: Partial Rezoning from B-2 to R-3, <br />Variance to Density, Parkinq Requirements, <br />and Euilding Ffeigh-t, Special Use Perm�t <br />for Plann�d Unit Develo�ment. <br />PL.A�NING CONSIDERATIO"IS: <br />1. The applican� proposes ta construct a seven s�ory apartment building <br />for the elderiy cor�sisting of 122 units plus 92 units ir� 2 and 3 story <br />to�•rnhause siructures. The proper�y in question includes 9 acres, 8 <br />acres of L�lhi ch are a7 ready zaned R-3 and �0 4�hi ch one acre i s bei ng <br />added fram the contiguous S-2 site as shawn an the stcetch o-f �he <br />area.. This additional acre accommodates the second access to �he site <br />(requested by the City) and a ponding area contiguous to �he 7 story <br />siructure. <br />2. 7tiis projec� is exactiy the same in design and bas�c accammodation as <br />the recer��ly co�npleted successful project in th� City of Go1den Va17ey <br />kr�o��rn as "Dover i�i17s" 1aca�ed as 2700 RhQde Island Fvenue. Tha� <br />praject cans�sts a-� �he same 7 story home for the eld,�rly wi�� 122 <br />un� �s ��i th the iden-ci ca1 �:•ro and three stary to��3iho�se uniis consi st� ng <br />of 234 totial un�*s on a 10 acre site_ The rents in tne Dov�r H��ls <br />developmen�, as ti�+i71 b� ��e case in ihe Rasevill� propasai, vary with <br />tf�e income; the maximurrE 2�% of �total income devo-�ed to housir�g. The <br />7 s�ory struc�ure �s d�vo�ed exc7us�vely to the eld2r7y and incl�des <br />accomrr�odation For recreation, social rooms, etc. Sorne of the town- <br />ho�se un-its are ren�ed at their regular econom�c ren-i ti�rithaut subsidy <br />at a11. <br />3. �� 9�� a� the 9 acres si ►� ti�rere previausly zonQd far R--3 for a hQUS�i�g <br />project approved for the S�elter Carporation several years ago Lvh�cl� <br />;,ras never constructed_ The additianal acre comes from th� contig�rous <br />pr•o��riy zor�e� B-2 a:�d ;ri 1 i i nc� udz a po�;i ng ar?a and se�ort�a=y <br />driv�a�ay to the housin� area. 7he ponding area has to be re�ained <br />in any case to sat�s-Fy interim ponding requirements o� the City and <br />th� P,ice Creek Watershed District, so this pro�erty cou7a not tzave <br />b�en used for co�r;ercial purposes in any case. t�le suggest the <br />rezan�ng, ther�fore, is not an issue. <br />