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Request for Council Action continued <br />Page 2 <br />October 23,1996 <br />#2128 Orono Ice Arena, Inc., 1025 Old Cry stal Bay Road North <br />2. <br />c. The ice arena will not be separated from the high school by a public <br />road. <br />The facility shall be owned by a non-profit organization under a ground <br />lease and recreational facilities cooperative agreement. Exhibit D-1-29, <br />with the school district. Review Exhibits Z and AA, the Articles of <br />Corporation define the new entity known as Orono Ice Arena, Inc., a <br />non-profit corporation that will maintain Section 501 (c) (3) status. <br />(Refer to Exhibit AA, IRS District Director letter, September 6, 1996). <br />e.Applicant shall demonstrate financial capability to complete construction <br />of facility. Refer to Exhibit EE, applicant has submitted a certificate of <br />costs and sources of funds bringing the total of committed fimds and <br />guarantees to $2,600,000.00 or 89.6% meeting the required 80% of proof <br />of financial capability to complete construction. I he City Council shall <br />decide how they wish the sources of funds or revenues to be confirmed <br />by applicant. <br />Section 10.61, Subd. 2 (A-3) - Uses permitted as a conditional use permit in a <br />residential zoning district. Such uses arc permitted 12 s.f. of signage. Refer to <br />Exhibit BB, applicant proposes signage on both the east and north sides of the <br />building. Letters will be etched into pre-cast panels. The letters will be <br />approximately 18" in height. Each sign is proposed at 38 s.f. <br />Allowed signage area = 12 s.f. <br />Proposed signage = 76 s.f. <br />Variance = 64 s.f. <br />3. Section 10.61, Subd. 5 (A) - Exterior parking setback variance. <br />a.Front/street setback. <br />Required = 50' <br />Proposed at Old Cry stal Bay Road = 19.3' <br />Variance = 30.7' or 61.4% <br />b.Side/rear setback. <br />Required = 10' <br />Proposed at west rear line = 48.3' <br />Proposed at south side lot line = 25.34' <br />No variance required. <br />I <br />j