Laserfiche WebLink
Councimember Musgrove asked if this land is the only area that the large format retailer is <br /> interested in. <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 /> Councimember Musgrove asked how the retail access with the market-rate apartments would be <br /> accessed. <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 /> Councimember Musgrove asked if this would be the only access and asked if they could also enter <br /> off of Zeoite. <br /> Economic Development Manager Sullivan said yes. <br /> Councimember Musgrove shared her concern with the developer starting a project and not being <br /> able to resolve the wetlands. <br /> Economic Development Manager Sullivan explained that there are no wetland issues on the <br /> market-rate apartment site. <br /> Mayor Kuzma asked what the tax difference would be between full residential and mixed use. <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 /> Councimember 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 /> Acting Mayor Riley asked Capstone and Centra to talk about how they plan to work with the <br /> wetlands. <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 /> Another developer from Capstone stated that the watershed would need to approve these plans. <br /> City Council work Session 1 March 28, 2023 <br /> Page 2 of 7 <br />