09/23/14 - Laserfiche WebLink

Home

Commissioner Strommen stated she has no issue with an expanse of garages as long as the aesthetics are addressed through the Architectural Design Standards. She supported the approach for phased development so the project can be responsive to the market while leaving options open. Mr. Klister stated they would consider detached garages that are jogged or shorter runs, if needed. He explained they made a conscious effort to front Ramsey Parkway, create nicer views, and keep off Sunwood. Mr. Klister clarified that the hotel is just a place holder to see what type of parking ramp could be erected; however, their market study identified a need for up to 70 units. Chairperson Backous stated the HRA has reached consensus to support the use of pitched roofs and detached garages as long as it meets Architectural Design Standards, and the resulting changes to the Development Plan. With regard to changes in the Development Plan, Deputy Executive Director Gladhill stated this project proposes a .75 net floor area ratio so the HRA could lower that threshold into the 60 range for all projects. He stated staff will map out that process with the understanding that the changes would be across - the- board. The HRA agreed. 5.02: Development Manager Compensation Agreement ( Landform) Executive Director LaFrance presented the staff report and explained that per the March 31, 2011, agreement between the Ramsey HRA and Landform Professional Services, LLC, Landform is due an incentive -based compensation on all transactions within The COR regardless of origin or referral source within 15 months of the termination of the agreement. Executive Director LaFrance presented three alternatives of compensation for Casey's General Store and CommonBond and stated Landform has agreed to the calculation for Casey's General Store. He recommended accepting the compensation schedule for Casey's General Store and Route 1 for CommonBond, subject to a release agreement signed by Landform stating no further payment will be sought. Commissioner Riley noted that Casey's General Store site improvement costs are 50% of the total development costs. Executive Director LaFrance explained that gas stations are unique in requiring expensive underground infrastructure and tanks. Chairperson Backous explained that a requirement of the Landform contract is to pay an incentive fee based on 2% of the capitalized project costs, which includes road construction and underground infrastructure. Commissioner Kuzma asked whether the City has to prefund the fee or if it will be taken from the land sales proceeds. Housing and Redevelopment Authority / September 9, 2014 Page 4 of 6