CCP 10-23-2007 - Laserfiche WebLink

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September 25, 2007- Page 2 development of a 118,000 s.f. two story building consisting primarily of office. Report No. 07-251. The City Planner Janice Gundlach gave an overview of the proposed project. The property is zoned Northwest Quadrant zoning district. Ryan Companies is working on behalf of Transoma Medical. A 118,000 square foot 2 story building with 453 surface parking stalls is proposed. All zoning district requirements are met with the exception of the following two. • Shortage of three parking stalls; however street parking is available. • Loading dock screening would need to be incorporated. The applicant is seeking final PUD approval for the first phase, along with conceptual PUD approval for the second phase. Also an expansion with the accessory use percentage is requested. Staff recommends approval of the 35°1o accessory use based on the characteristic of Transoma's non-office uses. Additionally staff recommends conditional approval of the second phase. Included in the second phase is expanded parking, along with a three story building with the same square footage across the street, with a proposed skyway. The Planning Commission held two Public Hearings on August 21 and October 2, where approval was recommended. Councilmember Bauman requested the reason for the request of increase in non office use space. Mark Nordland representing Ryan Companies stated that while presently Transoma would be in compliance with the 25% limit, for future growth the increase was requested. Motion by Councilmember Hoffman seconded by Councilmember Bauman to adopt the attached Resolution approving the requests subject to conditions. 5 Ayes - 0 Nays, Motion Carried. 2. Consideration of Contract for Private Redevelopment with Ryan Companies, U.S. for Transoma Medical Project. Report No. 07-252. Director of Community Development, Grant Fernelius explained Transoma Medical is a medical device company currently based in Shoreview, Minnesota. The company is growing and requires additional space. Currently 200 people are employed with Transoma with an average annual salary of $75,000. Estimated development value was stated as $13.5 million. Ryan Companies would like to get started as soon as possible, with a completion date being December 2008. The site has been cleaned up; additional cleanup would be required, at an estimated cost of $245,000, with a maximum being $1.5 million. $300,000 would be escrowed for public improvements. A storm water pond would be incorporated; both parties have agreed to certain maintenance responsibilities for that pond. The option of the second phase is critical. An explanation of the option was reviewed. A tax payment of $33,000 would be paid by Ryan Companies for 2008. 2. Consideration of Contract for Private Redevelopment with Ryan Companies, U.S. for Transoma Medical Project. Report No. 07-252,