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� - <br /> DEVELOPMENT ISSUES FOR PROPERTY AT <br /> SW QUADRANT OF WAYZATA BLVD AtiD OLD CRYSTAL BAY ROAD <br /> Parcel # 33-118-23 24 0002 1�.37 acres Sold April 2006 $2,7�0,000 ($ 4.10/s� <br /> Parcel # 33-118-23 24 0003 1.48 acres Sold June 1997 $ 96,900 ($ 1.50/s� <br /> Parcel # 33-118-23 24 0001 0.35 acres Sold July 2006 $ 248.2�0 ($16.26/s� <br /> 1720 acres $3,09�,1�0 ($ 4.13/s fl <br /> Owner per Hennepin County Tax Dept.: <br /> LAND VElv'TURES I LLC <br /> 7807 Creekridge Circle <br /> Minneapolis, MN 5�439 (former address of Welsh Companies) <br /> Current Zoning: RR-1B Single family, 2 Acre min. <br /> Current Guideplan: <br /> Mixture of single and multi-family residential uses at a density of 2-4 units per acre, with a <br /> `'Preferred Development Option" of a mix of 0.5 units/acre SFR and 4 units/acre townhomes. The <br /> guideplan includes this property plus the Dumas Orchard property and adjoining MnDOT parcel as <br /> a single planning block. Total acreage of this planning block is approximately 49 dry buildable <br /> acres. Preferred Development Option would yield an overall total of 120 dwelling units at a <br /> density of 2.5 units per acre. <br /> Surrounding Development: <br /> To the north across Wayzata Boulevard: Orono School District campus <br /> To the east across Old Crystal Bay Road: Ryan Companies office-warehouse campus <br /> To the south: New Highway 12 and Burlington Northern Railroad corridor <br /> To the west: Extension of Lake Classen wetland complex; former Eisinger landfill further west <br /> Potential Development Issues: <br /> ► Residential densitv commitments to Met Council <br /> ► Proximity to Orono Schools campus; traffic and pedestrian impacts <br /> ► Proximity to Industrial Park: traffic and access management, ribht-of-way needs, etc <br /> ► Limitations on access to OCB Road and Wayzata Blvd <br /> ► Proximity to Highway 12 freeway corridor: noise issues <br /> ► Proximity to wetland complex that impacts Stubbs Bay <br /> ► Staging, coordination and compatibility of development with Dumas Orchard site <br /> ► Wetlands centrally located on the property <br /> ► Rural Oasis Study & Conservation Desibn implications <br /> ► CMP goal of"no retail west of Willow Drive" <br /> ► Municipal sewer - expansion of downstream capacity is required; re-routing of trunk down <br /> OCB Rd to Metro LS 59 has been discussed <br /> ► <br />