Laserfiche WebLink
Motion: <br />Member Majerus moved, seconded by Member Scheunemann, to direct staff to delay <br />the setting for an eminent domain hearing for the property at 2012 Eldridge for 30 days to be <br />th <br />reviewed by the HRA at the May 18 meeting, anticipating Mr. Wu’s timeline and letter of intent <br />will be completed at that time. <br /> Ayes: 6 <br /> Nays: 0 <br /> Motion carried. <br />8.Information, Reports & Other Business (Verbal Reports by Staff and Board Members): <br />a.Discussion of Development Process for 185 N. McCarrons Blvd as part of the <br />McCarrons Neighborhood Master Plan (HF0008) <br />Executive Director Cathy Bennett summarized the Master Plan process and noted that higher <br />density use and partnership with adjoining property owners is supported by the neighborhood. <br />The Armory has communicated that they are not vacating at this time, but would explore <br />partnerships. The City does receive a first option to purchase as part of state statue requirements <br />for disposing of property. Storm water management recommendations are being prepared by the <br />Watershed District. <br />Dennis Guptil (and Ron VanRipper, Partner, Coldwell Banker) provided background on their <br />plans for the site. Mr. Guptil explained his estimated timetable. <br />Task Duration Start Finish <br />Master Planning Process365 days1/22/036/15/04 <br />Analyze various risks associated with proposed 30 days4/21/046/1/04 <br />development <br />Complete a preliminary market feasibility study30 days3/22/044/30/04 <br />Have the preliminary plans and specifications drawn30 days4/21/046/1/04 <br />Preliminary Development Agreement PUD 60 days 5/25/04 8/16/04 <br />Complete the engineering final plans and 60 days 5/25/04 8/16/04 <br />specifications drawn <br />Cause the final market feasibility study to be 45 days 6/17/04 8/18/04 <br />completed <br />Estimate the final total costs, direct and indirect 45 days 6/17/04 8/18/04 <br />Finalize PUD/Development Agreement 120 days 7/29/04 1/12/05 <br />Marketing and Selling 60 days 1/3/05 4/6/05 <br />Begin actual construction of the streets, utilities and 200 days 4/7/05 1/11/06 <br />lots <br />Mr. Guptil proposes construction in 2005. <br />Ron VanRipper, Vice President of Coldwell Banker, illustrated a project (“Village Grace, <br />Chaska) with 45 units which sold out in six months. <br />Chair Majerus asked what will happen if the watershed requirements are more restrictive than <br />expected. Mr. Guptil explained that reconfiguration may change density or height of building. <br />Chair Majerus asked how realistic is the time line? Mr. Guptil indicated that there are many <br />variables at this time, but that he hopes to communicate more frequently on progress. <br />3 <br /> <br />