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Attachment E Wellin ton g MANAGEMENT, INC. Our proposed plan includes removing the existing 2,973SF TCF Bank building and 1,025Sf drive- thru canopy in order to complete redevelopment of the site as a new approximately 11,899SF single story, commercial building. The adjacent residence at 1126 Sandhurst is being acquired as well to support the approved PUD plans. The location of the building is primarily driven by the surrounding residential community. We are keen to support a complete suburban community. In order to do this, the building rests farthest from the neighboring houses on Sandhurst, at the SE lot line. This was requested by the neighbors attending the Community Open House. We presented our initial Site Plan for consideration on March 23, 2009, completed a Work Session with Council Members on April 20, 2009, and received City Council Approval on May 11, 2009 of the General Concept PUD. As a result of our discussions with Council Members and to summarize the revisions since our May 11�h approval, we submit the final PUD Site Plan and Submittals. In order to provide better visibility to cars leaving the parking lot at Lexington Avenue, we slid a segment of the building's east wall two feet to the west and the building's west wall one foot west. The building setback on the eastern wall increased from four feet to six feet, providing additional visibility to pedestrians and drivers. We also added a painted stripe and "Stop" and "Watch for Pedestrians" signs at the parking lot access on Lexington Avenue. Parking remains behind the building, at the north end of the parcel. Our intent is to promote safe and pleasant conditions for all in the neighborhood, including: motorists, bicyclists, pedestrians, and residents. We have been asked to provide further details on the size of the parking lot. Based on the survey prepared by HTPO, dated January 12, 2009, the specific area of the existing TCF bank property is 28,877 SF. This area reflects a paved parking of 19,415 SF which equals 67% of the TCF site. Our proposed development improves this commercial parcel to reflect an area of paved parking of 18,846 SF which equals 44% of the proposed site. We are pleased that our proposed project reduces the area dedicated to parking at the TCF site location. It is noted that we are acquiring a neighboring residence, which in combination, would reduce the total pervious area. We are mitigating this fact by providing an underground water management design that meets current requirements. The proposed parking lot dimensions are based on two primary reasons: Reduce street parking along Sandhurst as requested by neighborhood residents. Maintain competitive leasing standards. Office leasing markets remain tight and parking to building ratios often reflect 5 spaces per 1000 SF. Our proposed project has a parking ratio of 4 spaces per 1000 SF. Reducing parking further at the subject site places the development at a substantial disadvantage. A parking ratio lower than 4 spaces per 1000 SF is considered non-competitive for new construction. • •