Request for Council Action - Orono Ambar, LLC

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• Financing for the December 11 Council meeting. The information will give the council an idea of the types of issues to be addressed as the concept of using TIF is further pursued. This information will not include any detailed financial analysis related to items such as the amount of development expenses eligible for TIF reimbursement,or the amount of financial assistance needed to keep rents at targeted levels or to meet cash flow needs. This analysis will be done over the next few weeks. II. Site Plan Review (Lot 1 - Office Building) The proposed office building is two stories with approximately 23,000 s.f. of gross floor space.ace. Under the building is a 21 stall underground parking area. The actual building size is 172'X 80' or 13,760 s.f. The building is designed to step down from a two story structure to one story immediately adjacent to the Sugarwoods neighborhood. The building would be constructed to only expose the 80' width to the neighborhood. Site Characteristics,B-6 Conformity (Note: Needed variances are shown in bold type) Required/Allowed Existing/Proposed Site area: 2 acres 2.7 acres Defined lot width: 100' 195' Parking setbacks: Required front yard: 15' 15' Required rear yard: 10' 35' Required side yard adj. to "R" district: 10' 125' Required side yard adj. to "B" district: 5' 15' Building setbacks: Front lot line: 30' 190' Rear lot line: 35' 35' Side lot line adj. to "R" district: 35' 35' Side lot line adj. to "B" district: 10' 83' No. of Parking Stalls: Required = 1 per 200 s.f. Required= 1 per 200 s.f. of"net usable floor area for office/medical use" (Net=20,880 s.£+/200= 105 stalls required) Total stalls required = 105 Total stalls proposed = 105 Signage Allowance 190 s.f. Not known Additional Standards required by the current B-6 zoning district (Section 10.45): A. At least twenty five percent(25%)of the land area shall be landscaped with grass,approved ground cover, shrubbery and trees. At least three percent (3%) of the land area within a parking area shall be landscaped.