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As a result of the public input process, staff made a number of revisions to the proposed data center development <br />scenarios as follows: <br />Building setbacks <br />Building setbacks are proposed to be increased from 125' to 200'; which is over three times the distance normally <br />required by City Zoning Code. Increased building setbacks help mitigate noise, safety, visual/aesthetics and <br />compatibility concerns. <br />Placement of generators and air conditioning units <br />It is proposed all generators be enclosed or placed within a data center facility. It is also proposed air conditioning <br />units be enclosed or located at the center of data center facility rooftops. Proper location of generators and air <br />conditioning units help mitigate noise and visual/aesthetics concerns. <br />Establish 55dB noise regulations <br />It is proposed the City establish noise regulations making 55dB the maximum decibel of noise allowed from the <br />Subject Property (similar to Chaska). Noise regulations help mitigate noise concerns. <br />Provide public open space <br />It is proposed the City utilize land located in the northeast corner of the Subject Property as public open space. <br />Various options exist for utilization of the proposed open space. Public open space mitigates safety and <br />compatibility concerns. <br />Other Updates <br />Staff was able to attain updated employment estimations and parking requirements for a data center development. <br />In both cases data center needs are less than previously stated. It is estimated 6-12 employees would work at a data <br />center; and that an estimated 60 parking stalls would be required. Reduction of employment numbers mitigates <br />traffic and safety concerns. <br />Updated Feasibility Study & Concept Maps <br />As a result of revisions to the site map concepts (reviewed above), and a recent market value appraisal for the <br />Subject Property, Staff made a number of revisions to the feasibility study for the development of the Subject <br />Property. <br />In summary, results of the revised feasibility study are similar to the the original feasibility study: a data center <br />development is significantly more beneficial to the City (financially) than a residential development. Estimated <br />City tax revenues from a data center development range from $213,108 to $202,503 annually; whereas, a <br />residential development is estimated to produce $28,263 annually. Other taxing jurisdictions would also benefit <br />proportionately. The estimated market value of the Subject Property was slightly reduced for data center scenarios <br />($1,350,000 to $1,275,000); and the estimated market value of the Subject Property for a residential development <br />was drastically reduced ($1,350,000 to $650,000). <br />Attached to this case are the original and revised site concept maps and feasibility studies. <br />Funding Source: <br />NA <br />Staff Recommendation: <br />Discussion Purposes Only <br />Considering the three proposed development scenarios, provide the City Council with feedback/recommendations <br />regarding the desired future development of the Subject Property. <br />Additionally, staff recently received an inquiry from a local religious organization regarding the potential purchase <br />of a portion (or all) of the Subject Property. Staff will provide details at the EDA meeting. Staff would like feedback <br />