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,,,,,, ~ e . PLANNING REPORT DATE: CASE NUMBER: APPLICANT: LOCATION: 6 November 1985 1631-85 ACTION REQUESTED: JLN Development, Inc. Northwest Corner of County Road C and Long Lake Road Special Use Permit for Site Plan Approval PLANNING CONSIDBRATIONS: 1. The property in question is a 12.4 acre site owned by the Swahn Liquidating Trust, ~embers of the Glick Brewing family who have owned the site for many years. The property is zoned B-14 and is a part of the original tax increment dIstrict established by the city in 1983. Our conversations with representatives of the Swahn Trust have resulted in mutual objectives to develop the land ultimately for a significant office structure and a hotel. 2. The staft has met at frequent intervals with representative~ ot the applicant resulting in the evolution of a design proposal to construct approximately 203,000 square feet of nflt usable office space and five interconnected structures, varying trom two to four stories in height. A total of 1,020 parking spaces are provided of which some ,~u ~paces are on the surface and 280 spaces are in garages located under the structures. 3. Attached are reduced copies of the series of drawings illustrating the development of the site and a four-page statement from the developer outlining the elements of the proposal. ~. The origInal tax increment program estimated a valuation of $12 million of deve10pcent on the site. The proposal, as SUbllli tted, is estimated it at approxiCla tely $1 a million. The original tax increment program included a soils correction and drainage program to ellminate the ponding area neal' the northeast corner of the site. It is found, however. that a substantial portion of the site is afflicted with severe solI prOblems and, thus, the tax increment program is designed to wri te down the land, a portion of which will cover large sol1s corrections costs. Craig Waldren, Economic Development Dlrector, has been working closely with the applicants to design a rather djfficult tax increment program to achieve a workable development.