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Tax-Exempt Mortgage Financing Page #2 PROPOSED DEVELOPMENT PLANS The proposal by Mr. Moen is to develop the lIu"-shaped parcel with, as noted above, a 35,000 sq .ft office/warehouse type building The proposed use of the property would be for two companies, B & Y Metal Painting, Inc. and Chemical Technology, Inc., which specialize in the painting and lining/insulating of specialized metal products, most notably for c.omputer hardware products. The proposed building would be located 10 feet from the western boundary and 55 feet from the northern b.oundary, or the New Brighton~Mounds View border. The building would be serviced by two driveways off .of Old Highway 8, with parking provided north, south and east of the building. As shown the development would require the following variance approvals: 1. Rear yard setback of less than 20 feet (setback is shown to be 10 feet). 2. Front yard parking in an industrial district (Industrial regulations say that front yards sh.ould be landscaped and not used for parking). Concrete curbing is n.ot delineated on the plan and unless a variance was granted would have to be placed along the driveways 'and parking areas from Old Highway 8 to the front wall line .of the building. The exterior wall'treatment of the building is likewise not shown though appears to be s.ome form of architectural block. Regulati.ons state that the exteri.or treatment on street 'sides must be something other than raw concrete bl.ock .or painted c.oncrete block. We would note that the plans also show a second building .of 25,000 square feet located on the .75 acre parce~ Mr.M.oen mentioned~ ~he is considering purchasing. Presumably this is ~e property could be devel.oped and its relati.onship t.o the project n.ow being c.onsidered. This project also apparently envisions the two parcels being consolidated. CONFORMANCE ~TIl COUNCIL GUIDELINES The guidelines established by Resolution #2168 and staff review