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� <br />�pri I 7, 1976 <br />�LP.f�liVING REPORT <br />CASE �dU��ER= 964-76 <br />AP�LICAN�: <br />�QCATION: <br />�Canad�an Financial Corporation <br />7900 Xerxes Avenue South, Niinrieapol�s <br />East o� Srt�i i i ng Aver�ue, Nort� a� �he <br />Rose Qrive-in Theatre Si�e <br />RCTIO�! R�QUESTED : Parti al Rezonz ng from B--2 to R-3 , <br />Variance to Density, Park�ng Requiremen�s} <br />at�d Bullding Neight, Special Use Permi� <br />for Planned Uni� Deve7opment. <br />PLAPJ�IN� COf�SIaERATXO�tS: <br />1. The applicant proposes to ca�struct a seven story apari��ent bui�#ding <br />for t�e elderly cor�sisting of 122 units plus 92 u�its in 2 and 3 story <br />ta�•inhous� structures. The property in question inc�udes 9 acres, 8 <br />acres o-F tirhi ch are al ready zo�ed R-3 and to ��hi ch one acre i s b�i ng <br />add�d from the contiguous B-2 site as sha+�n on the sketch af �he <br />area: This addi�io�a1 acre accomnoda�es the secor�d access to the site <br />(requested hy the City) and a p.onding area contiguous to the 7 s�ory <br />struCture. <br />2_ Ti,;c YrrJ�art ic C'xdC��� �hQ 5���° in ���ig� a�d basic dCCO�EIT[IQ�i3�'.?rtn ,�S <br />��e recentiy campie�ed successful praject in the Cit�• af Golden Valley <br />k�o��m as "pover Hills" located as 2700 Rhode island �ventae. That <br />project consists o� the same 7 story hor�e for i�e eld4�rly w� �h 1.22 <br />uni ts ti�ri th th� i dent� ca7 �;do and three story toti�rn#�ous� uni is consi �ti ng <br />of 234 toial units on a 10 acre site. The rents�in t�e Dover Hilis <br />development, as wi 11 be �ne case in the �tosevi �1 e pra�osal , vary �vi �h <br />t�e �ncome; the maxir�um 2�% af tota� income devoted �o housing. The <br />7 story struct�re is de�fo�ed exclus�ive�y to the eld�rly anc� includes <br />accommodati on for recrea�ion, soci al roa�ns , etc. Sorne of the tak�n- <br />house units are rented a� their regular economic rent �r�ithout subsidy <br />a� all. <br />3. Ei ght af �he 9 acres si �e tirere prev-� ously zaned for R-3 for a h,¢usi ng <br />pr�ject approved for the She�ter Corporation sev�ra7 years ago ti�rhic� <br />was never canstrucied_ 7he additio�al acre ca�nes fr�o� the cont-iguous <br />pro��rty zane� B-Z and ;r �] i i n�� uae a pon�!i n� ar?a �nd sQcor��ary <br />drivetivay to the housing area. The pflnding area has �o be retained <br />in any case to sa�is�fy in-�erim ponding r�quirem�nts of th� City and <br />ihe Rice Creek l�a�ersh�d �istrici, so tnis praperty could not have <br />b2en used �'or co�nmerciai purposes in any case. t�e suggest tfie --- <br />rexoning, therefore,.is r�ot an issue. <br />