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(2) Provide a high-end facility,with good architecture, in The COR. Building will be pushed up against <br /> 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 /> EDA Purchase Agreement Review <br /> .EDA passed a 4-0 motion to recommend the Council adopt the motion outlined in the "Action" section of this <br /> case on 03/09/17. The EDA had very little discussion on this case on 03/09--as the EDA didn't feel <br /> discussion was needed. Little has changed with the case, from the perspective of the EDA(i.e.the land <br /> transaction), since it was introduced. The EDA recommended moving forward with the attached PA on Site <br /> 41 in January of 2017. The EDA maintains their position outlined in previous cases, in the attached Site 41 <br /> Log, and outlined above by staff. <br /> .Based on previous EDA discussion--the EDA remains open to either a private drive or public road <br /> north-to-south connection for this project. The EDA remains generally supportive of an approach that <br /> incorporates this 1-acre project into the larger master site plan for the block(i.e.that could include a <br /> east-to-west internal connection). <br /> Planning Commission Purchase Agreement Review <br /> .The Planning Commission was generally in support of the attached PA(1 member remains opposed). The <br /> Planning Commission did not discuss the PA in great detail. The Planning Commission did focus on <br /> reviewing the proposed preliminary site layout concept. Below is preliminary feedback provided by the <br /> Planning Commission. <br /> .The Planning Commission believes the proposed north-south road connection needs to be made. The <br /> Planning Commission is open to either a private drive or a public road. The Planning Commission's <br /> preliminary feedback was to lean towards a public road (rather than private). The Planning Commission <br /> believed a public road provides a better, and more "public" road and pedestrian connection on this <br /> block--which are more welcoming, and fit the vision of The COR. The Planning Commission had <br /> preliminary concerns about maintenance, should the road become a private drive. The Planning Commission <br /> commented that a private drive connection may allow the city to pick up more width on the narrow remnant <br /> city-owend parcel. The Planning Commission was generally concerned with the lack of public road <br /> connections along this larger block. The Planning Commission needs more information on this item before <br /> they can provide formal direction. <br /> .The Planning Commission was in general support of an internal east-to-west private drive connection through <br /> the Stone Brook site. They believe the connection will help ensure the "master planned" and "downtown <br /> style" vision for the larger block comes to fruition. The Planning Commission supported the notion of placing <br /> proper easements to protect said connection for public access. The Planning Commission was open to <br /> allowing the buyer to decide exactly where that east-to-west connection be made. The Planning Commission <br /> respected the fact that the location of that connection could have an effect on the safety/functionality of <br /> Stone Brook. <br /> .The Planning Commissino was generally comfortable with the orientation of the Stone Brook facility as <br />