Agenda - Council - 06/10/2014 - Laserfiche WebLink

Home

CC Regular Session 7. 1. Meeting Date: 06/10/2014 Submitted For: Patrick Brama, By: Patrick Brama, Administrative Services Information Title: 15153 Nowthen Blvd Property Development: Consider Comprehensive Plan Amendment Application Purpose/Background: PURPOSE OF CASE Consider SUBMITTING AN APPLICATION for a Comprehensive Plan Amendment to allow for on the Subject Property. (A) Residential landuse only (B) Residential and data center landuses NOTES: this application will also need to be approved by the Metropolitan Council. Upon completion of that process, the City would need to update its official controls (Zoning Code and Official Zoning Map). Included in your case is a detailed process timeline. The City Council should concentrate their conversation on this specific application only. The Council should not indicate their final position on a Comprehensive Plan Amendment and/or a Zoning Amendment. Both processes require due process. DETAILED BACKGROUND (Subject Property, study group process, development process, public input, general, etc.) Please see the Findings Report included in this case: pages 1-8 and several Appendix items. CASE BACKGROUND In some form, this case has been reviewed by the City's Economic Development Authority (EDA) and City Council a combined nine times from October 2012 to June 2014. For a record of case presentations and minutes, please visit the project webpage: cityoframsey.com/formeiiiuc. This case was reviewed by the EDA on May 8, 2014; at which time, a unanimous recommendation was made to the City Council: Submit an application for a Comprehensive Plan Amendment to allow for both residential and data center land uses on the Subject Property. The EDA made this recommendation with the intent of stipulating a timeline/sunset date to market the Subject Property for a data center development (for example, 18 or 24 months) Notification: Notification of this meeting was made via direct mail to 250 surrounding property owners. Included on the project webpage are all letters sent to the public regarding this discussion: cityoframsey.com/formerrmc. Observations/Alternatives: FEASIBILITY ANALYSIS Attached to this case is an updated feasibility analysis that compares two data center development scenarios to a single family residential development. The feasibility analysis draws two major conclusions: (1) from an annual property tax revenue perspective, a data center development is considerably more beneficial to the City than a single family residential development; and (2) from a one-time land transaction perspective, it is anticipated a residential development is marginally more beneficial to the City than a data center development. It should be noted, a few unmeasurable variables will have an effect on this feasibility report: i.e. fiscal disparities, required land sale discount for a data center development, required land sale discount for a residential development