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3. For your information and review, we have included the development summary of this proposal that was presented at your January 12, 1994 meeting. Staff continues to support this project and would recommend approval of the rezoning from B-6 to Planned Unit Development. At the time of final PUD approval, the planned unit development agreement between the City and the developer would include the site plans, building plans, and elevations, the utility plans, landscape plan, any necessary easements and a project development schedule. Other conditions of approval would include the Planning Commission's recommendations that the applicant work with staff on the impact of reflective glass exterior materials, that a vegetative screen be provided along the south side of the property subject to staff review and approval, and that the City staff review and approve the final storm sewer plan. 4. One final note, the applicants are in the process of preparing their construction budget for this project and have indicated that while they believe the project as proposed will meet their budget guidelines, they would like to present an alternative to the Planning Commission should it be necessary to consider cost saving strategies. This is meant to be done in a spirit of open communication between the applicant and the City. As the attached building elevation indicates, the cost saving strategy involves going to a single story office area, rather than the two story office space now shown on the plans. The Planning Commission strongly indicated that changes in the building elevation would trigger the need to amend the PUD by reviewing the changes through the public hearing process. Proiect Summary 1. The site under consideration is 10 acres in size and is· zoned B-6 Office Park District. The Comprehensive Plan designation for this area is also business. The property fronts on Interstate I 35W on the east and Long Lake Road on the west. As we indicated previously, neighboring properties include Genex, a liquid nitrogen distributor, to the south, TC Freight and Ryder Truck terminal to the north and directly across Long Lake Road, the Amoco Tank farm and Murphy Motor Freight Truck terminal. The site is owned by Space Center Inc. and currently has two buildings situated on the site. The truck terminal is leased to Dawes Transport and the maintenance garage is leased to Holiday Truck. The applicants have indicated that both buildings were constructed in the 1950's and are nearing the end of their useful lives and as a part of this