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<br />r <br /> <br />I <br /> <br />subject to a PUD agreement with development standards. As a condition of approval, the <br />developer would be required to sign a pending assessment agreement to pay for <br />additional right of way along the east side of Mount Ridge, adjacent to the Ryan property. <br /> <br />3) Table the matter until the Twin Lakes Parkway and regional stormwater holding pond <br />issues are totally resolved. This would have the following impacts: <br /> <br />a. Three quality tenants may be lost. <br />b. There would be additional holding costs for the developer_which would make <br />future development more difficult. <br />c. The City could lose a potential $218,000 Met Council clean up grant. <br />d. The developer may not meet the construction commencement and completion <br />dates for the project as outlined in the development agreement between the <br />developer and the City. <br />e. The pay back for the Phase 2 clean up would be delayed. <br /> <br />4) Deny the variance and encourage the developer to come back with a multi-story building <br />which does not require variances. The developer has indicated that there is currently no <br />market for such a building on that site because of the type and condition of development <br />currently existing in the area. (No tenant wants to be on the second or third floor <br />overlooking a truck parking lot). <br /> <br />Staff Recommendations: <br /> <br />1) Staff recommends that the Council grant the variance as requested and remain flexible <br />about road alignment and ponding until the BR W study is complete. This would allow <br />the development to be completed to meet the developer's time frame to provide space for <br />3 quality tenants which have been identified. This alternative would allow the planning <br />for Twin Lakes Parkway and regional stormwater ponding to proceed and an ultimate <br />solution determined. The alignment contemplated in the Twin Lakes Plan and <br />Comprehensive Plan would be maintained. In the short term, traffic improvements could <br />be made to improve traffic movement on the County Road C/Cleveland Avenue ramps. <br />As a condition of approval, the developer would be required to sign a pending assessment <br />agreement to pay for additional right of way along the east side of Mount Ridge, adjacent <br />to the Ryan property. <br /> <br />2) Another alternative would be to approve the original PUD request, with direction to the <br />developer and the staff to return with a PUD agreement on July 8, 1996. <br /> <br />3) Staff also recommends that the staffbe directed to study and provide alternative standards <br />and procedures for review of development within the Twin Lakes Redevelopment area. <br /> <br />7 <br />