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02-21-12 HRA Special Workshop Agenda Packet AGENDA Special Workshop Meeting of the Housing and Redevelopment Authority Golden Valley City Hall 7800 Golden Valley Road Council Conference Room February 21, 2012 5 pm Pages 1. Roll Call 2. Three•Nine•Four Development - Project History 2-8 3. Adjournment �.�:. fitiis d�c�m�r����a�!�f��t��e'irr�lterr�at�formats u��r��7�-hour r��ues�.��e�s�catl . ` ���--5����t}�f��1�CY 7�3�-59�-�����tcr make� r.equ�st. E��m�[��c�f��t�r.���e��rma�s � ��y�n�Iud�l�r���r�ir��,;;�l�ctrcini�,�r�i(le,�u��t�c�s���t�, etc. ,� �, - � � � .- �_ �- P Housing & Redevelopment � V _. Authority 763-593-8014/763-593-8109(fax) Executive Summary for Action Housing and Redevelopment Authority Special Workshop Meeting February 21, 2012 Agenda Item 2. Three•Nine•Four Development - Project History Prepared By Jeanne Andre, Assistant Director Summary Identifying and Selecting Developer In 2008, the Planning Department began receiving inquiries from the development community regarding the City's plans for the undeveloped land at the northwest quadrant of Trunk Highway 100 and Interstate 394. It was acquired by the Minnesota Department of Transportation (MnDOT) in the 1980s. Some of the property was taken for the expansion of the highway, with the residual property used as a staging area during the conversion of U.S. Highway 12 into Interstate 394. The residual property has remained vacant since the completion of the freeway (See attached Reconveyance Area). Since the property is owned by the Minnesota Department of Transportation, several of the developers contacted MnDOT directly about the site. These contacts prompted MnDOT to begin the process of selling the property. When excess MnDOT property is sold, the City's Housing and Redevelopment Authority (HRA) is given the right of first refusal concerning the sale of the land for redevelopment purposes. In late 2008, the HRA authorized staff to send a letter to interested parties seeking proposals to redevelop the site. Eight developers expressed an interest in the site: The Shelter Corporation, IBEX Commercial, Global One Commercial, Minnesota Landscape Professionals, Weiss Builders, Equity Transwestern, LSA Design and Webb Golden Valley. The first two chose to make a presentation at an HRA Workshop on January 13, 2009. At that time the HRA requested that staff work with IBEX Commercial on hotel development for the site. IBEX subsequently chose not to proceed, but Global One Commercial (Global One) came forward later that year with a proposal to construct a 6-story, 138-unit apartment building and a 6-story, 165-room Hilton Garden Inn that incorporated a small bank facility within the building. Its proposal was presented to the HRA on March 9, 2010. After the presentation the HRA conditionally designated Global One Commercial as developer for the site. Designation is approved by a resolution of the HRA, which documents the intent of the developer and the HRA to work together to fine tune the development proposal. While it is not a firm commitment to sell the property or approve the project, it demonstrates the intent of the HRA to work in good faith with the developer to identify issues that need to be resolved before the HRA would consider selling the property or the City would proceed with formal planning review. Their designation ended on November 1, 2010. At that time Tom Burt provided a letter indicating that the staff would continue to work on the project with the developer, listing outstanding issues and the constraints provided by the impending sanitary sewer interceptor project proposed by Metropolitan Council Environmental Services. On May 7, 2009, the developer provided a $10,000 deposit to offset HRA expenses to work on the development. As the deposit has been expended, the developer has provided further funds, which at this time total $50,000. Negotiations with Developer Staff and the developer have worked through a number of major issues related to this project, which have caused the project to evolve from the one presented at the March 2010 HRA Meeting. Traffic - The first issue addressed during discussions was handling traffic related to the new development. A consultant hired to study traffic related to proposed development at the intersection of Xenia Avenue South and Golden Hills Drive developed a model to identify traffic related to proposed office development at both the northwest (Olympic Printing) and southeast (Colonnade) quadrants of the intersection to comply with the Golden Valley/St. Louis Park Traffic Management Ordinance. The original study estimated possible development and traffic that might occur related to the MnDOT parcel. The consultant was hired to use the existing model to evaluate the traffic impact of the Global One proposal for apartment and hotel uses and an alternate use: medical office. The study demonstrated that traffic related to medical office uses would cause the intersection to fail, and housing uses generated fewer peak hour trips. Based on this finding, Global One opted to retain the proposed apartment use, but change the hotel use to senior housing, which reduces projected peak hour trips. The plans now show a five-story, 149-unit senior housing building and a six-story, 212-unit market-rate apartment building (see attached site plan). Access - The only access to the MnDOT site is a platted 15-foot alley with an adjacent ten- foot strip of land that MnDOT acquired through condemnation when it constructed I-394. The MnDOT parcel was used for construction staging during the highway construction and access occurred via the expanded alleyway. Staff reviewed this access and determined that it was not adequate to create a public road to the development, and that private usage by multiple parties could not be recommended. Staff asked the developer to explore access issues with adjacent property owners to identify a better approach. Webb Golden Valley, Brown and Carlson and Maurice Goldman (Mayfair Apartments) were all contacted regarding various options for improved access and circulation. After some time Global One reached an understanding with Maurice Goldman that he would consider selling his property, which has access on Circle Down. A new site plan with access from Circle Down, on-site ponding and better separation from the adjacent homes on Circle Down.was put forward. This led to the concept of making the purchase of the MnDOT property contingent on the developer acquiring the adjacent parcel, which when joined with the MnDOT parcel would improve the development project and provide better access. Sanitary Sewer Interceptor-While discussions on this development were underway, Metropolitan Council Environmental Services (MCES) brought forward a proposal to construct a sanitary sewer interceptor needed to serve the Duke and Golden Hills developments. For a long time various routes were under consideration for the interceptor, including across the MnDOT parcel and other options south along the Cedar Lake Trail. During this consideration the designation for Global One expired, and the HRA staff did not know if the MnDOT parcel would continue to be available for private development. Staff recommended against extending the designation, but agreed by letter to continue working with Global One on development options for the site, if the developer was willing to wait for determination of the interceptor route. During this time the staff also asked the developer to pay for a sewer availability study to determine if the proposed development would have adequate sewer capacity prior to the completion of the new interceptor. The analysis indicated that there is currently adequate capacity to bring the proposed development onto the sewer system. A route for the sewer interceptor has now been identified that brings the pipe under I-394 at east end of the MnDOT parcel and then along the Circle Down right-of- way. The developer has agreed to provide any sewer easements needed for the interceptor as part of the platting process for the property. The MCES sewer interceptor location was the last major negotiating issue with the developer. A development agreement has been drafted and is ready to be presented to the HRA. Process to Formally Consider Redevelopment Proposal As noted earlier, the MnDOT parcel is in a redevelopment area and can be sold to the HRA for redevelopment purposes. The HRA can then, through a Private Development Agreement, sell the property to a developer for an identified project. In order for the development to be completed as provided in the development agreement, the HRA, City Council, and other parties all have important roles. The following is a summary of the process. • The HRA holds a public hearing on the sale of the land and votes whether to approve the Private Development Agreement providing for the sale. • The developer secures a survey of, and appraisal for, the MnDOT property and purchases the adjacent parcel from a private owner. • MnDOT agrees to an appraised value and determines that it will sell the land to the HRA for this redevelopment. (MnDOT does not enter into purchase agreements but will provide a letter outlining its terms for selling the property.) • The developer holds a neighborhood meeting prior to the City's planning consideration. • The City considers the Planned Unit Development (preliminary and final) applications for the development of the property. This involves two informal public hearings held by the Planning Commission and finro public hearings held by the City Council. • The HRA approves a final site plan for the project after the project has secured planning approval from the City. The attached schedule lists a possible sequence for these activities, suggesting that if the HRA initiates the project at its regular meeting in April, the project could not move forward until October, at the earliest. Redevelopment Plan In 2010 staff and the HRA worked on revising the Golden Hills Redevelopment Plan to reflect the changes to the City's Comprehensive Plan that came out of the I-394 Corridor Study. The goal was to amend the existing redevelopment plan to incorporate zoning changes implemented in 2008 and to expand the geographic area in the Redevelopment Plan to better correspond to the I-394 Mixed Use Zoning District. Proposed changes were reviewed by the City Council at a Council/Manager Meeting, by the Planning Commission and by the Housing and Redevelopment Authority at a public hearing that extended over two meetings. Staff made plan revisions in keeping with the discussion that occurred during this process, but at its April 11, 2011, the HRA decided to defer final consideration of the amended plan because of continued uncertainties related to redevelopment of the MnDOT parcel. If the HRA is ready to move forward with consideration of the Global One Commercial Private Development Agreement, it would also be appropriate to restart the process of amending the redevelopment plan. Current Discussion Staff has worked with Global One Commercial to develop a site plan that is sensitive to the traffic needs of the area, compatible with zoning regulations and complimentary to the surrounding development. The purpose of the February 21 HRA Workshop is to update the Commissioners on the status of this project and address any outstanding questions. Attachments Global One Commercial, The Three•Nine•Four, Site Option #37, dated May 18, 2011 (1 page) C.S. 2789 (394+10)905 Parcels 40,44 & 76 Reconveyance Area 179620 SF (no date) (1 page) Three•Nine•Four Development Project - Prospective Schedule, draft dated 1-24-12 (1 page) Recommended Action The Commissioners need to determine if the staff should set the public hearing for the sale of land under a private development agreement and restart the amendment process for the Golden Hills Redevelopment Plan. / / 4 � � � O � ��� // T � �x ° � . c r� , i , � ,y � z ,�- �\ �° ,���. , � , � � �° \ `i,-- ❑ `� � O \ �i � � o O I o ' � I • j� o I o � � � � 1 S � � � /� i \�^ � S� ! `\\,\ � • � �II o \ I y o �>�` � � \�� � a o r � � � / � � � , � � � ° � � j� o ��, � � I Q �� �I o� U � Q , � N g � Q � I � � � "'p ' i I a � Q- � � � Q o i � � � Q � J p � � �c a � � r ;I I O k � _ �� � � Q � �'I ��� I � � ' I >-- J � O Q o � � , Q ii a �-' W � ;a �I I I � �- � � � Q ; ; I I I � Q� Z Q � �`'� � a ° �� ����1 U � N � ; I � � � I � ° o U �� � � ; ; Q �� '� = � � � � O U w � � "� ' a Q— � I � Q � z � �� �� � �,,�- H �' � '" � I � �I � I � � J � I I � Ia I � O V I ( I V� I U O I , I O O � � . y T I I I ^� � N p i � Q �I U� � N � ' I �a �I � z c� ; ; � , � p � o � z � - o d i W ° -- , o�� , o �' = Q w � g ��,-- -J �-, �,,� Q. � s° �, I � rn � � �- '' � - � ' � o x Ij I � � � w II � � II � � I � 0 � o iC I I I � � � I � � ` � � � � � p I � � I � N � I o � o � � � � � I — � o I I�' II I' � � � — ° � 4 � -- --� � � o �� �� � � � • 4 0l ' � �--� � � � o � � � I ,,Q ,� 6 �a o �— � i � I d � � � � I I I � � � Q � - - - - - I I � � ° . °� I I� - � - - � I � c� � � o 0 0 � o � � � � 4 � _ � i :�. 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F _ ,, ., - ,� � �. June 13 Y P��lic Hear��t�Notice s�:n#to SunPost ;�, . June 20 ��,�� Publi�Hearing�� � t�'�e published � , July 3 PUD Pubiic Nearing at City Council July 12 Submit Final PUD Application Aug 13 PUD Public Hearing at Planning Commission Aug 29 Public Hearing Notice sent to SunPost Sept 5 Public Hearing Notice published Sept 19 PUD Public Hearing at City Council Oct 2 Plat and PUD Permit to City Council 2/21/12