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Project Narrative <br />Eagle Ridge Residential Development <br />As an existing business owner in Orono, the objective of Dale Richardson and his company is to improve <br />the property location and maintain the high quality standards the city proudly displays. The project will <br />compliment the city's available need for up-scale multi-family housing. None of the existing multi-family <br />developments in the area are specifically focused on the up-scale demographic being proposed. In <br />addition, the project can provide an alternative to Orono residents who are downsizing and considering <br />leaving the area to find this type of higher end rental options. <br />The proposed development property was originally zoned for Light Office use and the business owner <br />has submitted request and is awaiting Multi-family Residential approval to house the proposed Eagle <br />Ridge Residential Development. <br />The proposed development is an up-scale residential building offering fully self-contained (heat/AC, <br />water heater and laundry) units and deluxe amenities. <br />Amenities to include: <br />Guest unit Rental (nightly) <br />BBQ/Fire Pit Area <br />Outdoor Recreation Area <br />Fitness Room with Sauna <br />Dog Run & Off-leash Play Area <br />Underground Parking with Electric Car charging station <br />Bike Racks <br />Roof Top Deck <br />Eagle Ridge Residential will feature a variety of 1Bedroom, 2 Bedroom and 3 Bedroom units housed in <br />one building located at 2060 Wayzata Boulevard in Orono, MN. The project will include underground <br />parking and surface parking with extra spaces for guests. The driveway system allows access for <br />emergency vehicles and handicapped-accessible parking will also be provided. A secure bike rack area <br />will be provided, allowing residents to easily utilize the community's many bike trails. <br />Owner may convert the proposed rentals in to private condominiums and sell as such in the future. <br />Council Exhibit J <br />LA21-42