7.6. SR 03-21-2016 - Laserfiche WebLink

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city -owned lots in the area and that the location of the current project does not have that option. Staff also stated that comparing parking requirements to facilities in more urban settings is not an equal comparison as there are public parking facilities and better public transportation connections. The applicant stated his engineers reviewed the stormwater requirements of the Yale Street extension and the proposed building and found that the existing pond has enough capacity to treat both projects. Staff was not able to confirm the calculations during the meeting, but stated the Yale Street project was designed as one project and not intended to be reviewed in segments. The pond north of the project site is planned to treat stormwater and impacts from additional locations south of the current site. The Commission asked staff to verify the calculations with the City Engineer. Staff spoke with engineering and stated that may have been true using previous stormwater requirements, but that current requirements will be much more restrictive and stressed the need to maintain the ability to expand the existing pond. The Planning Commission recommended denial with a 4-1 vote. Commissioner Crook dissented. Financial Impact The applicant is requesting forgiveness of city development fees and city funded construction of the Yale Court extension and associated utilities. The following list is an estimate of the financial impact the city may realize by forgiving requested fees and development expenses. 1. Sewer Access Charge - $4,750 per unit (100 units) $ 475,000 2. Water Access Charge - $3,425 per unit (100 units) $ 342,500 3. Park Dedication Fee - $3,712 per unit (92 residential) $ 341,504 4. Building Permit Fees - based on cost of construction $ 65,000 5. City construction of Yale Court extension $ 350,000 6. Estimated cost of city owned property to be swapped $ 100,000 Estimated impact of fees forgiven and city expenses $1,674,004 The applicant also plans to submit a housing TIF application, which is not included in this estimate as a formal application has not been received by the city. Attachments ■ Location Map ■ Applicants Narrative dated December 28, 2015 ■ Project Overview dated December 28, 2015 ■ Site Sketch and Narrative received December 28, 2015 ■ Building Plan Narrative dated December 28, 2015 ■ Grading, Erosion Control, and Utility Plans dated December 28, 2015 ■ Support Narrative dated December 28, 2015 ■ Staff Comment Letter dated January 11, 2016 ■ Yale Street Preliminary Geometrics Plan ■ Email Response and Letter from Applicant dated January 20, 2016 ■ Stormwater Alternatives Narrative dated January 18, 2016 ■ Comments from the City Engineer dated February 10, 2016 ■ Updated Site Plan received February 22, 2016 ■ Rooftop Landscaping Plan received February 22, 2016 ■ DNR Comment Letter dated February 23, 2016