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Planned Unit Development process that include the uses and land use restrictions designated in section 1005.07 (B-6 zone) of the Roseville City Code 4.2 The zoning designation that best suits the properties within Twin Lakes Master Plan area and its proposed future uses is the Mixed Use Business Park, "B-6" zone, which has a mix of office, medical facilities, hotels, financial services, health clubs, service/support retail and multi family housing. 4.3 The "B-6" zone is meant to provide redevelopment flexibility through a mix of compatible uses and site planning requirements and techniques. This "B-6" zone uses a PUD to implement the Twin Lakes Master Plan and environmental mitigations. Each redevelopment must have an adopted Planned Unit Development. (In Twin Lakes, the City has already completed the master planning and the environmental impact work to speed up the process of redevelopment.) 4.4 The "B-6" zone has an expanded Floor-to-Area ratio of up to .75, which encourages multi-story buildings. The maximum number of stories above grade is five (or seventy feet) whichever is less. This allows for building masses similar to the Veritas Headquarters in Centre Pointe. The setbacks from property lines increase with the height of the building. A minimum of25% of the surface area must be "green" landscaped. Ponding on site must be designed as an amenity on the site. 4.5 By approving the "B-6" rezoning, the City will officially bring the Twin Lakes Master Plan proposed future uses into conformance with the Comprehensive Land Use Plan and the Zoning Ordinance. 5.0 POLICY & FISCAL IMPLICATIONS 5.1 Public input into this process has been significant. The approval of the Twin Lakes Master Plan was a culmination of two years of neighborhood meetings; focus group sessions with developers, public agencies and property owners; implementation of Federal and Metropolitan Council grants; study of various land use options; environmental review through and Alternate Urban Areawide Review (AUAR) and several public hearings with the Planning Commission and City Council. 5.2 Making the zoning designation consistent with the comprehensive plan designation is required by State Statutes. 5.3 No fiscal implications are apparent at this time. However, redevelopment within the Twin Lakes Master Plan area consistent with the B-6 zoning could generate an estimated $300 million in new property investment, 5,000 in new jobs and more than 500 new housing units. 5.4 Inconsistent land use such as heavy industrial or truck uses adjacent to office and residential uses tend to the stagnate property values as well as interest in reinvestment redevelopment of surrounding properties. 5.5 Allowing the properties within Twin Lakes to expand with current industrial and trucking uses would delay the policy and fiscal goals identified in the Twin Lakes Master Plan and supported PF3359 - ReA B-6 Rezone Twin Lakes (061702) Page 4 of 5