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4.0 REVIEW of REQUEST: 4.1 Kimco Realty Corporation seeks approval of a REZONING of 1800 Highway 36 to allow redevelopment into a retail building and a free standing bank. The subject parcel has a Comprehensive Land Use Map designation of B(Business) and an existing zoning of B-1 (Limited Business District). 4.2 The REZONING request (from $-1 to B-2) will allow Kimco to redevelop the 4.2 acre parcel consisting of the former 18,480 sq. ft. Franks Nursery & Crafts structure and 8,000 sq. ft. addition into a minimum of two new retail uses and a freestanding 7,085 sq. ft. bank with drive-thru. These redevelopment proposals in a B-2 zone are permitted uses and do not require site plan approval from the Planning Commission or City Council. The submitted plans must be consistent with Sections l�� (Business Districts) and 1010 (Design Standards) of the Roseville City Code. 4.3 The subj ect parcel is located directly north of Children's World Day Care which lies along Fairview Avenue and the offices of Industrial Fabric Association and Coldwell Banker Burnet which lie along County Road B. Directly to the east are retailers Circuit City and Sports Authority. Directly to the west (across Fairview Avenue) are single family homes. To the north (across the frontage road and Highway 36) is Rosedale Regional Shopping Center. 5.0 HISTORY: 5.1 The former Frank's site was a part of the original property purchased by Allied Stores back in 1952 for construction of a regional shopping center. The land purchased at that time included not only the land where present day Rosedale is located, but also the then undeveloped land north and west of the then single family homes on Midlothian and Haddington Roads (between County Road B and Highway 36). It should also be noted the this massive land area was zoned Shopping Center which unti12001 relied on the B-2, Retail Business District (B-2) for all allowable uses and certain dimensional requirements. 5.2 When Dayton Hudson Corporation agreed to develop RosedaIe with Allied Stores (early 1960's), the deal struck between the two companies was to share equally in the ownership of the property south of Highway 36 (approximately 45 acres). The method of division was left to Dayton Hudson and Allied who then chose which half they wanted. The line eventually drawn was a north/south line on the center of a public right-of-way (known later as Herschel Avenue), for which Allied took the westerly half and Dayton-Hudson the east. Dayton-Hudson sold their interest in their share rather quickly, which land was developed into the Rosewood Village Apartments and the three buildings known as Rosedale Towers and a mulit-tenant complex at 1711 County Road B. PF3680_RCA_010906.doc Page 2 of 9