Resolution - #12-05-057 - 05/08/2012

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Councilmember Backous introduced the following resolution and moved for its adoption: RESOLUTION #12 -05 -057 RESOLUTION WITHDRAWING COMPREHENSIVE PLAN AMENDMENT APPLICATION TO RE- ASSESS FORECASTS, LAND USE, AND IMPACTS WITH THE INTENT TO FORWARD A REVISED COMPREHENSIVE PLAN AMENDMENT WHEREAS, the Master Plan for the Ramsey Town Center was created in 2003; and WHEREAS, in order to better position the development for success due to a series of development related issues and complications, the City of Ramsey Housing and Redevelopment Authority purchased approximately 150 acres of the former Ramsey Town Center; and WHEREAS, the City of Ramsey has invested time and effort to rebrand the development to The COR; and WHEREAS, the City of Ramsey remains committed to the principles of creating a transit - oriented development surrounding the Northstar Commuter Rail — Ramsey Station, thereby maximizing the investment made by various public and private partners; and WHEREAS, as part of the re- branding and re- visioning of The COR, a new development plan was created in an attempt to better match the City of Ramsey sub - market of the region and address infrastructure capacity concerns of the area (the "Development Plan "); and WHEREAS, the Development Plan better addresses quality TOD principles, by putting a higher number of housing units and densities closer surrounding the Ramsey Station, thereby providing a higher capture rate of transit users; and WHEREAS, the Development Plan balances land use assembly and sub - region market factors by providing an expanded retail anchor base to support the land uses in the high- density center of the project; and WHEREAS, the retail anchor base lies outside the half -mile radius considered the TOD Area or Transit Improvement Area (TIA); and WHEREAS, the Development Framework, Zoning, and Development Plan allow for and encourage a higher density and forecast than what the surrounding infrastructure may currently support; and WHEREAS, the City is willing to review forecast and traffic methodology as well as consider amendments to the Development Plan to work towards the original forecasts for the mixed -use land use guiding of the development and surrounding developments and better address TOD design principles within a half -mile of the Ramsey Station.