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B. REMNANT PARCELS <br />o If Stone Brook was allowed to move forward with this proposed 1-acre site, it would create two <br />remnant lots. <br />o The first remnant lot is roughly 1/2 acre, rectangular shaped, remnant parcel, located just east of <br />the proposed 1-acre Stone Brook Academy site (just east of the potential Yolite Street <br />connection). The lot would be roughly 85' wide and 275' deep. <br />This size of lot is not ideal/ and is not something the City should be seeking (staff would not <br />recommend for standard practice). This size of lot will reduce the pool of potential projects/ <br />users. This risk factor should be known. <br />However, considering it's location (within The COR), this remnant site still carries merit/ <br />marketable value. The COR allows for zero setbacks/ green spaces, significant lot coverages, on - <br />street parking, and does not require storm water on -site. In fact, density is strongly encouraged <br />in this development. These COR development characteristics allow for this particular remnant <br />site to be viable and usable. <br />Staff anticipates a 4,000-8,000 sf "foot -print" building could be placed on this site (could be two <br />stories). Water/ sewer stubs are available to this site. Furthermore, staff would like to note, this <br />type sized lot/ building foot -print is not uncommon for downtowns/ urban developments in cities <br />across the country. <br />In many ways, the 1/2 remnant parcel is the result of two previous decisions: (1) the Common <br />Bond project, not extending their site to Yolite Street created the 1/2 parcel, and (2) the location <br />of pre -installed/ pre -determined infrastructure on Sunwood and Veterans. These issues will <br />need to be addressed, now or in the future (by the City as current master developer, or by a <br />future master developer). <br />Page 7 of 15 <br />