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4.0 PROJECT SPECTFICS: <br />2 4.1 Cent Ventures and Amw�st Development LLC have submztted a�. applicatia� far <br />3 PRELIMINARY PLAT, REZONING and GENERAL CONCEPT PLANNED UNIT <br />4 DEVEL�PN�ENT pertaining to thezr desire to redevelop ihe X�ra Lease property frorn a <br />5 former tr�ck terminal in to a 4-stozy, � 23 roaz� hotel. Tlae xestaurant faz-�erly p�a�ased <br />6 l�as been eliminated from this consideration. <br />S 4.2 <br />9 <br />10 <br />11 <br />Since July 23, 2007, the Plaruling and Er�gineering Divi�ions �ave �eeiz warking with <br />Cent Ventures an a paroposal tk�at is rz�are cansisteni with the goals and o�jeetives of the <br />Twin Lakes Master Plan and the recenily appraved Uz'ban Design Princi�ales. <br />12 4.3 T�e GENERAL CONCEPT proposal seeks to create a single lot from an existin� 41nt <br />X 3 config�ation; ded�cate a s�iver o£ r�ght-af way in t�e southeast cornerfoar the fi�ture Twin <br />14 Lakes Parkway; and construct a varying height, 4-story, 123 unit hotel near t�ae <br />15 intersec�ion of Cleveland Avenue and tI�e future Twin Lakes Boulevard. <br />16 <br />17 4.4 Tkze Xtra Lea,se parcel, 2700 Cleveland Avenue, lies within the Twin Lakes <br />18 Redevelopment Area. The pxo�ez�y �as a Coznprehensive Land Use Plan designation of <br />19 Business Park and an e;xisting zoning designa�ion af G�n�ral Industx'ial (I-2). <br />�a <br />21 �.S Tk�is proposa� requires apparoval of a PREL�M�NARY PLAT, replatting the e�isting 41ats <br />22 into a single Iot; REZONING of the property from �-2, Gene�al Indu�tr�al District tp 8-b, <br />23 Mixed Use Business Fark; and appravai o�'the GENERAL C4NCEPT PLANNED UNIT <br />24 DEVELOPMENT, the �pecific drawings and condi�ions thereafi that achieve corr�pliance <br />25 wit� the Co�npre�ensive i'lan, Twin Lakes Master Plan and the Urban Design Prineiples. <br />26 <br />27 5.0 LAND USE/COMnREHENS�VE nLAN: <br />28 5.1 TI�e City af Ro,sevi�le's Comprehensive Plan currently designates the subject area as `BP- <br />29 Busx�ess �'ar�C." �'uztk�ezzxaore, the Miz�z�zesota Court of Appeals' August 10, 2006 ruli�z� <br />30 concluded �:hai �he City f�urt:her a�ended �he Cornp�'ehensive �'�an to �efleet iha Twin <br />31 Lakes Busine�s Park Master Plan {attached as Exl�ibit A) in 2Q01. The Master Plan <br />32 speci�cally states: "jthis] new masier plan a�nendment of 2001 will designat� the areas as <br />33 "BP" — Business Park." The 2001 Master Plan a�so includes fo�r future land-use �naps <br />34 ("Qptzons 2, 3 and 4" and the "Twi� Lakes AUAR �'uiure Land Use Scenarzo") an.d <br />35 several pages of fiexi describing futur� land-use scenarios and goals, <br />36 <br />3'� 5.2 Staff k�as concluded (with the input af tlae City Attorney's Office), that the underlyin� <br />3$ Comprehensive Land Use Plan designation o�the subject a7rea is "BP — Busi�ess �ark" in <br />39 a manner t�a� is cnnce�tually consisten� wiih the rnix of use� and stated go�ls that are <br />40 described in fh� maps and tex� of t�e 2001 Master Pla�. <br />41 <br />42 <br />43 <br />44 <br />P�'0"7-021 RCA_GeneralGonaept121707.doe �'age 2 af 13 <br />