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<br />Councilmember Musgrove asked if this land is the only area that the large format retailer is <br />interested in. <br /> <br />Economic Development Manager Sullivan stated that he did not know the other sites that they are <br />looking at and the area west of Armstrong and ‘Diamond Site’ would also be zoned for this kind <br />of development. <br /> <br />Councilmember Musgrove asked how the retail access with the market-rate apartments would be <br />accessed. <br /> <br />Economic Development Manager Sullivan explained that there would be a shared access for the <br />hotel that would come in off of Sunwood. <br /> <br />Councilmember Musgrove asked if this would be the only access and asked if they could also enter <br />off of Zeolite. <br /> <br />Economic Development Manager Sullivan said yes. <br /> <br />Councilmember Musgrove shared her concern with the developer starting a project and not being <br />able to resolve the wetlands. <br /> <br />Economic Development Manager Sullivan explained that there are no wetland issues on the <br />market-rate apartment site. <br /> <br />Mayor Kuzma asked what the tax difference would be between full residential and mixed use. <br /> <br />Economic Development Manager Sullivan explained that the Capstone project with all residential <br />units and no retail, would bring in approximately $450,000 annually, and with adding retail it <br />would be approximately $400,000. He stated that Centra Homes would bring in approximately <br />$430,000 for all residential units and with retail it would be approximately $360,000. <br /> <br />Councilmember Specht stated that he was still in support of a pause on apartments as there are <br />other good development options. He stated that he liked the Centra Homes project 1 or the <br />Capstone Homes project 2. <br /> <br />Acting Mayor Riley asked Capstone and Centra to talk about how they plan to work with the <br />wetlands. <br /> <br />The developer from Capstone stated that she was at the previous work session and learned the cost <br />of the wetlands which sparked some discussion about what would enable them to mitigate the <br />wetlands. She stated that it is usually difficult to put housing on wetlands that need to be mitigated. <br />She explained that they impacted the wetlands where roads would need to go. <br /> <br />Another developer from Capstone stated that the watershed would need to approve these plans. <br /> <br />City Council Work Session / March 28, 2023 <br />Page 2 of 7 <br /> <br />