Agenda - Council Work Session - 01/14/2025

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2. 1. CC Work Session Meeting Date: 01/14/2025 Primary Strategic Plan Initiative: Promote economic growth and development. Information Title: Review of CorTrust Bank Site Plan and Acquisition of Property in the COR Purpose/Background: The purpose of this case is to review the proposed site plan and location of the proposed bank project by CorTrust for a future purchase agreement. This item was not initiated by City Staff. CorTrust Bank approached staff and asked if this was something that the City Council could reconsider. Dean Suchy from CorTrust will be in attendance to discuss his project. He has provided a letter of interest in pursuing the acquisition and construction of a bank building on the NE corner of Sunwood Drive and Zeolite Street. dated December 31,2024. What Mr. Suchy is really looking for is Council support for the proposed bank branch building with drive-thrus at the proposed location in the COR. On July 11, 2023,the property was rezoned to COR-2b which permitted the bank use,but the Site Plan recommended for approval from the Planning Commission was not approved by the past Council (voted down 4-3) for a number of reasons outlined in the attached minutes. The proposed Zeolite Street driveway entrances/exits shown on the site would line up with the access constructed by the Hilton Home2 Suites. The proposed building architecture meets/exceeds COR zoning standards and will look sharp on the corner. A copy of the staff report from the July 11, 2023, CC meeting is attached as historical reference for this case. COR-2b zoning requires a Conditional Use Permit to accommodate the drive-thrus which would run concurrently with the Site Plan and Plat. The new project proposed is generally the same as what was brought forward previously. The project site has room for a second building to the north that could be constructed at a later date. (see attached). If the City Council is supportive of the project, Staff is suggesting a Right of Re-Entry Agreement for construction of the CorTrust bank only,not the second building which has been a common practice in the COR for developments with multiple buildings. (Take 5 Oil Change, Chipotle) Over a year has lapsed since this item was reviewed by the City Council, so it can be brought back to the City Council for consideration without the need for a council member that voted to reject the previously submitted site plan bringing it forward. Mr. Suchy understands that the Council has four new members and wants to see if there is support from the new Council so he can be comfortable moving forward with a full site plan submittal and all of the costs associated with it. Mr Suchy has communicated to Staff that CorTrust Bank previously invested at least$75,000 into the previous project submittal. Staff and Mr. Suchy will be present for questions. Notification: Not required Time Frame/Observations/Alternatives: