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The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community <br />engagement that encourages and inspires prosperity <br /> <br /> <br />Request for Action <br /> <br />To <br />City Council <br />Item Number <br />11.1 <br /> <br />Meeting Date <br />May 6, 2024 <br />Prepared By <br />Chris Leeseberg, Senior Planner <br /> <br />Item Description <br />Concept Review: Rueter Walton - Proposed <br />Apartments <br />Reviewed by: <br />Zack Carlton <br />Cal Portner <br />Tina Allard <br /> <br />Action Requested <br />Review the conceptual apartment project and provide the applicant with informal, non-binding, feedback <br />regarding council’s support for a residential apartment complex on the subject parcel. <br /> <br />Background/Discussion <br />The applicant has submitted conceptual plans for a 96-unit residential apartment building with three stories, <br />each around 37,000 square feet, and detached garages. <br /> <br />The proposal positions the apartment closer to the north and west sides of the property to increase distance <br />from the existing residential neighborhood to the east on Carson Circle. The location of the detached garages <br />is to help further screen the parking lot. <br /> <br />Our ordinance requires 2½ parking spaces per dwelling unit, one space of which must be completely <br />enclosed, requiring a total of 240 stalls with 96 of them enclosed. The applicant is proposing 184 stalls with 30 <br />of them enclosed. <br /> <br />Required Proposed <br /> <br />Difference <br />240 Total 184 Total 77% <br />96 <br />Enclosed <br />30 <br />Enclosed <br />31% <br /> <br />In December 2022, the city amended the land use designation from Traditional Single-Family Residential to <br />Highway Business to facilitate the construction of a mini-storage facility for the current property owner. An <br />apartment project would require a land use amendment back to residential (Multifamily). <br /> <br />The applicant will be requesting financial assistance from the state, which requires a resolution of support <br />from the City Council. The resolution of support does not obligate the city to provide any TIF (Tax <br />Increment Financing) or Abatement. The financial support would be administered by the state and would not <br />impact the taxable value of the property. <br />Page 205 of 254