Laserfiche WebLink
the staff report. He stated that their intention was to provide a concept that meets the COR <br />guidelines, pays the full fees, and associated offer price. <br />Chairperson Wiyninger offered an opportunity to ask questions to either of the developers related <br />to the structure and vision with financial questions reserved for closed session. <br />Economic Development Manager Sullivan commented that Centra includes an option to develop <br />the three acres residentially. He noted that Capstone has also provided a concept for that as well, <br />but each developer understood the desire for the City to retain that portion for commercial <br />development. He noted that the Capstone proposal would assume permission to fill the wetland <br />which would allow for additional units. He stated that staff did request a concept that also shows <br />the wetland remaining, should that permission not be gained noting the difference in unit count <br />from 115 units to 130 units. <br />Member Riley referenced the existing Centra development which is fully built in the COR and <br />asked if this would essentially look the same. <br />Mr. Pattberg confirmed that the exterior would be the same but there may be some tweaks to the <br />interior floorplans. He noted that existing neighborhood has 40 units. <br />Member Lindahl asked how the sell off was for that development and also asked for the feedback <br />they received from the market. <br />Mr. Pattberg replied that when they started the sale for those units it was a little slow. He stated <br />that they got the sense that the homes directly along Bunker and Ramsey boulevards were slightly <br />less desirable, which is where they started building. He noted that once they got the first five or <br />six sales, the remainder of sales picked up. He recognized that it was a different product, rear <br />loaded and 20 feet wide, which is not a common suburban product. He stated that the product has <br />been successful in the COR. <br />Chairperson Wiyninger referenced the comments from Capstone focusing on walkability and <br />noted the lack of sidewalks. He asked if Capstone would be willing to reconsider sidewalks. <br />Mr. Bona replied that they are open to sidewalks. He stated that they have the trail running through <br />the community and have noted that perhaps that would be better served running along Bunker and <br />then connecting. He stated that they are very open to sidewalk discussion. <br />Ms. Lorch commented that they feel that this design without sidewalks appeals to a larger number <br />of buyers. She commented that they do not offer rear loaded homes and do not feel there is a <br />strong market for that. She commented that sidewalks also reduce the impervious surface and feel <br />that additional greenspace is more attractive in the market. She commented that they would be <br />willing to revisit that consideration, but additional sidewalks would also increase HOA fees <br />because of increased maintenance. <br />Mr. Bona clarified that he was speaking about sidewalks along the street. <br />Economic Development Authority/ July 13, 2023 <br />Page 8 of 10 <br />