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Sunwood.Will be a transition from apartments to traditional retail. <br /> (3) Provide high-end childcare and academic services for Ramsey Residents--an amenity for the community. <br /> (4)Will create about 20 jobs, and will generate about$45K in total property taxes per year.Will contribute to <br /> the City's COR TIF District(which is needed for many other COR development related obligations). <br /> (5)Will generate $143,748 in land proceeds (gross), and will continue important <br /> "positive-real-estate-momentum" for The COR.Will result in an estimated$60K in development fees (park, <br /> trails,water, sewer, storm). <br /> (6)Will establish a north-south connection mid-block between Sunwood and Veterans. <br /> (7)Project meets COR Master Plan and City Zoning Standards--and generally appears to meet the vision of <br /> The COR(there has been mixed discussion and opinions on this item). <br /> Action: <br /> Motion to recommend the City Council: <br /> Approve the attached purchase agreement(PA)with Stone Brook Academy for 1-acre of land located near the <br /> center of The COR for a children's academy and childcare center. <br /> Sidebar: any feedback on the discussion for a required north-to-south connection between Sunwood and <br /> Veterans (i.e.Yolite)would be helpful for the City Council--i.e.public versus private. Also, similar feedback <br /> on the proposed east-to-west internal site connection would be appreciated(master plan concept "B"). <br /> Attachments <br /> Purchase Agreement <br /> Site 1 Feedback Log <br /> Four Master Planned Sites (COR 2 Zoning) <br /> Background <br /> Form Review <br /> Inbox Reviewed By Date <br /> Mark Riverblood Mark Riverblood 02/21/2017 10:23 AM <br /> Tim Gladhill Tim Gladhill 03/02/2017 09:37 AM <br /> Bruce Westby Kathy Schmitz 03/06/2017 03:44 PM <br /> Kurt Ulrich Kathy Schmitz 03/06/2017 03:45 PM <br /> Form Started By:Patrick Brama Started On:02/20/2017 10:27 AM <br /> Final Approval Date:03/06/2017 <br />