PRECA 03-02-1994 - Laserfiche WebLink

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• council Meeting Minutes Page 11 ' January 25, 1994 Council Business, continued Council Business Community Development Director Kevin Locke presented for consideration the .Cheetah Precision preparation of a development agreement with Cheetah Precision. Development Agreement The site is within T1F District.#16 and is identified in the Highway 8 Corridor Plan Report 94-024 as site #12:.-Because, the. cost of acquisition, clearance and site improvement will be high; Cheetah is asking for. tax increment assistance from the City.. The expansion is consistent with- the plan and TIF assistance would be allowable. The proposed terms involve: constructing a 6,000 sq. ft. building in Phase 1 with' an estimate market value of $167,000; Phase 1 completion by December 31, 1994; City provides $27,500 in assistance; City provides assistance for Phase 2 in the amount of $6.88 per sq. ft. beyond the origina16,000 sq. ft. up to a maximum of $41,280; Phase 2 completion by December 31, 1996 with a minimum market value _ of $24/sq. ft.; and assistance will be provided after construction completion: Cheetah agrees to the proposed terms and are acceptable to the City. Cheetah is prepared to make a $2,500 deposit to cover the cost to prepare a development agreement. Cheetah would like to begin construction-this spring. , " - Williams would like a tour` of the- new facility after "completion: Mattila presented the site plan review and setback vaziance for Northco ,Accurate , < Accurate Components Components Sales.. Site Plan ,: _ ., Regort 94-026 The srte`plan complies with I-2 and parking standards, expect for a portion~of the`- " "Resolution 94-015 east parking lot which requires a 25 ft. setback variance. The revised. site plan _- . •-~ _ .. - ,: ~, , locates the two parking lots 20 ft. fiirther back from the 2nd St. right-of-way and- brings it into compliance. However, a portion of the easterly parking lot would be _- -- located 15 ft. from the bulb of the 2nd St.. right-of-way and requires a 25 ft. setback - variance ; :The increased right-of: way area needed to accommodate the bulb creates _ the needtfor the vaziance. The unique circumstance is the irregulaz configuration created by the bulb on the southwest corner of the lot. The City previously allowed - - a similar, vaziance to the neighboring Health One site. _-- - . - ~ :_ i L~ ~ \`~ - The westerly parking lot is proposed to be setback 20 ft. from the 5th Ave. nght-of- ~' way. The reduced setback could be allowed by special permission from the Council ; . ~~ ~ ,.,.; ;` as part of the site plan approval process. Considering the larger 5th Ave..settiacks-t , ,. for US Tire, Hypro,' and Printcraft, staff felt a similar setback should be maintained : ; , ~ ~ ,; for the site. However, .the site will allow".fora 13 ft. wide green azea between~the ' ~ ; building and parlang area m addition~to the 20 ft ~setback along 5th Ave. which will ,` soften the proposed uses and right-of-way, ~ % ;1 ~' ~; ,; , -'~.': ;, .