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WORK SESSION ITEM DATE: 1-16-96 ITEM NO.: Department Approval: Manager Reviewed: Agenda Section: Item Description: Sketch plan review of Rosebrier Development's proposed residential PUD for Zeece property at Albemarle and County Road B. Bac){eround The Rosebrier Group of Robbinsdale, Minnesota, is proposing a medium density residential planned unit development consisting of senior apartments and townhomes for a 7.9 acre parcel of land consisting of the Zeece subdivision on Albemarle and County Road B, the City owned property adjacent to this subdivision and a portion of a lot rronting on Rice Street. The property is currently zoned R-1 Single Family and is guided for medium density residential development in the City's Comprehensive Land Use Guide Plan. As the attached site plan shows, the developers preferred alternative would be to construct a 45 unit senior building and 30 3-bedroom townhome units on this site, creating an overall density of9.7 units per acre. Approximately 78% of the site would be 9pen space with the remaining 22% covered by buildings or hard surface parking. As part of the 7.9 acre parcel of land, the developers are also proposing a scenic easement over the remaining portion of the Zeece property to create the open space. It is important to note that the Comprehensive Plan indicates that any use taking access onto Burke Avenue should have a single fainily residential character. As we have learned rrom previous development applications, the site is burdened with soil problems-and the costs of correction are substantial. In this case, the developers are indicating there is a project financing gap of approximately $300,000 - $350,000 and therefore, the developer is requesting pay-as-you-go tax increment financing and a partial land write down on the City owned property. Prior to the formal application for a planned unit development, the applicants are presenting their proposed plan and request for financing to the City Council at the January 16, 1996 Work Session. At this meeting, the applicants are seeking Council input into the nature of the project and their request for financing. If appropriate, following this meeting, the applicants will move forward with an application for a planned unit development. Assuming Council direction to proceed is given on the 16th, the following hearings would be scheduled: 1. Sketch plan review with Planning Commission. 2. Public hearing with Planning Commission, PUD concept plan approval, preliminary plat. 3. Public hearing with City Council, PUD concept plan approval, preliminary plat. 4. Final plat approval with City Council, PUD final development stage approval. Staff Report by: Michael Falk