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" Gerald H. Kaufhold, Case No. 1904 Pale 2 subject to public hearings at the time it is developed and at which time the City will consider a Tax Ir,L�rement Program within the time frame of two years from now and up to ten years. 4. The acceptance of the development proposal (and actions requested) are proposed osed to be ancillary to an agreement with the City, the School District, and Mr. Kaufhold; the details of which are in the process of negotiation. Included in this agreement is a concept wherein the City will assist the School District sn providing a police school i'-ison officer and also providing for potential Tax Increment Financing for the multi -family housing site. The City's purchase of an acre of Lhe park land from Mr. Kaufhold is also included in these negotiations. Craig Waldron, Community Development Director, will comment at the public hearings regarding the status of the ancillary agreemer . 5. As you know, Mr. Kaufhold currently leases the Lexington School Building to District 196, an agreement that may terminate within a few years, or perhaps- be extended to an unknown point in the future. In any case, it is Mr. Kaufhold's intent to retain the School building for thiF use for as long as they desire to do so. Mr. Kaufhc ' has noted �iith his usual candor that the lease is favorable to his cu,itinuing the arrangement for an extended period. 6. Attached is a copy of a drawing prepared by the applicant's architect, Buetow and Associates. You will note that Lot 1 is the park site consisting of 3.02 acres. This area is proposed to be designated as Park on the Comprehensive Plan Amendment and will remain zoned R-1. Lot 2 consisting of 2.8 ecres is proposed to be designated as high density multi -family housing on the Comprehensive Land Use Plan and is proposed to be rezoned to R-3A. Lot 3 consisting of 2.35 acres is proposed to be designated as Business on the Comprehensive Plan Amendment and is proposed to be rezoned from R-1 to B-3. No tax increment assistance is proposed for this area to be zoned for business development. 7. The application includes a proposal to plat the land into three lots, subject to the dedication of 10 feet of right-of-way on the south side of County Road B and the dedication of 16.5 feet of right-of-way west on Lexington Avenue. Approval of the platting of the land should be subject to this d-dication and engineering details relating to utilities, grading, and drainage. 8. With respect to access, you will note that the acquisition of Lot 1 for park purposes precludes vehicular access to the remainder of the site, except by County Road B and Snelling Avenues. The solution precludes access to any part of the site (otner than park land) from Lindy Avenue or Eldridge Avenue. Nlulti-family housing under this solution will ultimately be constructed across County Road B from houses on the north side and west of the area currently zoned Business. However, this development may occur two to ten years from now and will be the subject of a Planned Unit Development for which public hearings will be