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<br />" <br />.t <br /> <br />MICHIAl <br /> <br /> <br />CIATES <br /> <br />Proiect: <br /> <br />ROSE BRIER Apartments & Town Homes, Planned Unit Development; <br />Medium Density Residential; R-1 Zoning; 10 units per acre. <br />(Zeece Addition and City of Roseville Parcel) <br /> <br />Developer: <br /> <br />THE ROSEBRIER GROUP, L.L.C. <br />c/o Mr. Michael Haase <br />4531 Robin Circle <br />Robinsdale, Minnesota 55422 <br />(612) 537-1861 <br /> <br />Architect: <br /> <br />MICHIAL MULARONI & ASSOCIATES <br />7650 Currell Boulevard. Suite 300 <br />Woodbury, Minnesota 55125 <br />(612) 731-2831 <br />fax 731-2307 <br /> <br />Proiect Description: The site consists of combining the Zeece subdivision, located at <br />Albermarle and County Road B, the adjacent City owned property and a portion of the lot <br />south of the City parcel at 2111 Rice Street. Lots 1,2,3 and 7 of Zeece Addition will remain in <br />ownership by Zeece. However, these four lots will be part of a "scenic easement" in favor of <br />the Developer (this will allow the Developer to utilize the density of 10 units per acre). The <br />total site is 7.9 acres and would allow up to 79 units (including the existing houses). <br /> <br />The Developer proposes a three phase Planned Unit Development (P.U.D.) of rental town <br />homes (Phase I - 10 units), for sale town homes (Phase II - 20 to 25 units) and either for sale <br />town homes or condominium apartments on the remainder of the site (Phase III - 20 to 45 <br />units). Alternative 'A', Phase III, would consist of an additional 20 to 25 town homes. <br />Alternative 'B', Phase III, would consist of a 45 unit, 3-story apartment building with an <br />underground parking garage. There would be an a-unit cluster of town homes with attached <br />garages facing Burke Avenue. <br /> <br />Due to the soil problems on the site and the high cost of the City acquired parcel, the <br />Developer requests City assistance to do site clean-up and soil correction. There appears to <br />be a $300,000 to $350,000 gap in financing of this project at this time based on current soil <br />correction estimates, land acquisition and interest carrying costs (for soil correction only). <br />The Developer is requesting pay-as-you-go tax increment financing and a, partial land write- <br />down of the City owned land. The Developer suggests the City could use the land write-down <br />as its 10% contribution to offset LGA penalties associated with establishing a tax increment <br />district.An increment of $1,200 to' $1,SOa/unit/year is estimated for town homes; and $800 to <br />$1,000/unit/year for apartment units. <br /> <br />The Developer would commence with Phase I upon approval of the P.U.D. and start <br />construction of Phase III by the end of 1996. <br /> <br />MICHIAL <br />ARCHITECTS & PLA <br />7650 Currell Blvd. . Suite 300 . Woodbury <br /> <br />MULA RON I <br />NNING CONSULTANTS <br />M N 55125 . (612) 73 1 - 2831 . FAX (61 2) 73 1 - 2 307 <br />