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� A-Iay 19, 1984
<br />-9-
<br />28) Krank - Ron Krank and Paul D�hll�erg of Korsunsky Krank F� Erickson Arcl�itects
<br />and Tom Borman and Tom �rlich, both of Tritor Corporation, were in to discuss
<br />the development and redevelo�m�ent of tlie residential land r�ortliwest of
<br />Rosedale. T}ley noted tliat l�ind surveys and soil tests are in process, and
<br />� that it is a"tough site.'� Tiaey noted also that the site is, of course,
<br />expensive. Thougll t1�ey empliasized tlle plans presented by Korsunsky, Krank
<br />are very prcliminary, we liad a s,uUstantial �.i�cussion regarding the
<br />appropriateness of the concept f'or developm,�,tt of the land for retail
<br />purposes. T}ie�.r plans included 92,300 sq, ft, o£ J.easeable floor space,
<br />9,500 sq, ft, for a liealtti c2ub, 8,6G0 sq, f�, for a restaurant, and 18,000
<br />sq, ft, at the lower level. In addition, a 50,000 sq, ft, office building
<br />�vas sliotivn on tlie site. T}�e total sc�uare foatage, t}ien, was 158, 970 sq, ft. ,
<br />plus tlie 50,000 sq, ft, office building. A totial of 7G?. part:ing spaces are
<br />pr, oposed; wl�icli at 4. S spaces per l, 000, is cluse to tllat required. Our
<br />c�dinance rec�uires S spaces per 1,Op0i 1�ut t�ie
<br />s��burban land studies tliey used as a guide, and basedson4t}eir�experience.
<br />A varinnce�would be required if this parking rati.o is to be used.
<br />Afucti of tl�e Jiscussion related to t1�e coa�cept Qf t7�e site �-� relationship
<br />to tl�e terrain. {Ve pointed out tl�at based on t1�� site conditions, a two-story
<br />mall-type c�nter, similr�x to Bonna Venture, ►vould appear to work best on tlie
<br />site. Tl�is would be true because of the �xtreme gradings in the site from the
<br />� east and to the west. 'I')ley prapose to accommodate tliese grades by having a
<br />step-doam design, which is ess�ntially � one-story shopping center bi,�ilt at
<br />� variety of levels, connected by stzii•s and ram�s. Tliey claim �tl�ey cannot
<br />buald � t��o-stoi•y center becnuse thcir princi.pal tennant is opposecl to that
<br />foi•m of development. They also notc, perl�aps with samc justification, that a
<br />ctirect access-type center (other than a mall) evill be more cor�plimentary to
<br />the proposed center bein� develop�d dix•ectl�� Co the east by A�n�rican
<br />Re�l�velopez•s, Inc. Our coneern h�re is that• tft� c�enter mi�ht not be an
<br />ad�c�uate vzlu� to fulfill ttie need5 and c�bjectives of the iax increment
<br />ciistrict ior which this site is a vixal part. Ti�ey ciiscussed their desirc
<br />to achi�ve a�or�cept approval from the Cit
<br />�ubstantiril p�yment toward tlie land ��t theY�ndlof tl2isrmontl �ngJin t}Ancire
<br />staggested an in£ormal joint meeting with the Planning Commission and Council
<br />as a mcans of det�rminin� the attitude of the City tawa�cl the clevelopment.
<br />IV� notecE, 1iow�vei•, that no official action can be tlken prior to tlie conauct
<br />o� th� x�ormal rezpniri� hearings r�quirecl b i�w,
<br />for�vlrcl ,� complete arid detailecl pl�ns as possibl�IVe tVeafeel�t}iat�tl�eUexact
<br />Form of th� center is probal�ly less crucia], than the economic value, though
<br />one m�iy le�r� to the other.
<br />A? the proposed joint mEeting n�xt Tuesday, tive hope w� tivill be able tc�
<br />evr�luate thc aesthetic and economic assets, as they relate to the tax
<br />incr�ment neecls and ��la�ined investment Ievel for tliis property ��1
<br />1CCOI•dance with the tax increment program.
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