HomeMy WebLinkAboutResolution 1978-1
RESOLUTION 78-1
RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF COLUMBIA HEIGHTS, MN
FINDING THE PRELIMINARY PLANS FOR THE REDEVELOPMENT OF A PRIMARY SECTION
OF THE C.B.D. AS PRESENTED BY THE COLUMBIA HEIGHTS DEVELOPMENT CONSORTIUM
AND APPROVED BY THE DOWNTOWN DEVELOPMENT COUNCIL AND HOUSING AND REDEVELOPMENT
AUTHORITY TO BE CONSISTENT WITH THE GOALS AND OBJECTIVES OF THE COMPREHENSIVE
PLAN OF COLUMBIA HEIGHTS, MINNESOTA
WHEREAS, the Planning Commission of Columbia Heights, MN by Resolution
77-1 gave a favorable opinion of the "Downtown C.B.D. Revitalization Plan"
dated March 2, 1977. This plan outlined a strategy which the City/HRA would
take in reversing the economic and structural deterioration of its Central
Business Districi, and,
WHEREAS the Columbia Heights Development Consortium herein known as
the developer presented preliminary plans for the redevelopment of a significant
portion of the C.B.D. (see attached map) and these preliminary plans were approved
by the Housing and Redevelopment Authority and Downtown Dr\'o10rment Council, and,
WHEREAS, it is necessary that any redevelopment ~"", '. ,.,oposed for the
downtown C.B.D. be compatible with the goals and objectives of the city's
Comprehensive Plan.
NOW, THEREFORE BE IT RESOLVED, by the Planning Commission of the City
of Columbia Heights, MN, that, having reviewed the plans as presented by the
Columbia Heights Development Consortium and after relating these plans to the
Comprehensive Plan, it is the opinion of this Commission that:
1. The proposed plan by the Columbia Heights Development Consortium
for the redevelopment of a section of our C.B.D. is consistent with
the goals and objectives of the Comprehensive Plan of this community.
2. The proposed plan is consistent with the needs of the community
in regard to revitalization of this important part of our community.
3. The Housing and Redevelopment Authority and Columbia Heights Development
Consortium should actively pursue the formation of a final development
plan to be presented to the City Council of Columbia Heights, MN
for their review and consideration.
Passed this 5th day of Decemlrer, 1978.
Offered by: Szymczak
Seconded by: Nelson
Roll Call: All Ayes
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Secre-tary
PLANNING COMMISSION OF THE CITY OF
COLUMBIA HEIGHTS, MINNESOTA
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Attachment "A"
. RE: COLU/1BIA HEIGHTS - HRA PROJECT
13 SEPTEMBER 1978 - 7:00 P.M.
COST & ECONOMICS BASED
ON PLANS DATED 9/13/78
RETAIL BUILDING
First Level
Major Tenant
Unit 1
Unit 2
Unit 3
Unit 4
Bank
20,100 N.S.F
6,000
9,450
4,000
5,400
3,000
47,950 N.S.F.
Toilets, I1/E
Corridors, Stw.
7,500
55,450 G.S.F. @$40/GSF = $2,218,000
Second Level
Major Tenant - Future
Unit 3 4,000 N.S.F.
Bank 3,000
7,000 N.S.F.
( Toilets, M/E
Corridors, Stw. 2,000
9,000 G.S.F. @$35/GSF = $ 315,000
Parking - 5 cars/l,OOO N.S.F.
54,950 N.S.F. = 295 cars
Total Parking available 146 cars
Total Bank parking 54 cars
200 cars @$400/car $ 88,000
Parking Deficiency
95 cars
Total estimated construction cost
(Does not include land,
fees or financing)
$2,621,000
20,000 N.S.F
9,540 S.F.
25,600 N.S.F.
5,400 S.F.
25,600 N.S.F.
5.400 S.F.
71,200 N.S.F.
20.340
91,540 G.S.F @S40/G.S.F.=S3,661,
RE: COLUMBIA HEIGHTS - HRA PROJECT
Page Two
OFFICE BUILDI!'G
First Level
Common
Second Level
Third Level
*
Purking - 4 cars/l,OOO N.S.F.
71,200 N.S.F. =
Total Ramp Parking available
127 cars/level x 2
Parklng deficiency
Total Estimated Construction Cost
(Does not include land,
fees or finanCing)
* - Probable public expense
\
285 cars
254 cars @S4,000/car
=Sl.016,(
31 cars
I
$4,677.01
RE: COLUMBIA HEIGHTS - HRA PROJECT
Page Three
/lOUSING (if rental)
First Level
Two Bdrm. Units
One Bdrm. Unit
Caretaker/Mgt. Office Unit
Total Units/Floor
Typical Floor Levels (if rental)
Two Bdrm. Units
One Bdrm. Unit
Total Unlts/Floor
5 Levels
Total Dwelling Units
PARKING
*
1 Car/Dwelling Unit
Total Garage Parking available
Parking Deficiency
Code Deficiency
(1.5 cars/D.U.)
(
Quantity.
6
4
1
11 Dwelling Units
3
11
14 Dwelling Units
= 70
= 81 @$30,000/D.U. = $2,430,00C
= 81 cars
= 80 cars @$5,000/car
1 car
41 cars
400,00C
Total Estimated Construction Cost
(Does not include land, fees or financing)
SUMNARY
Total
Net S.F.
Total Car
Parking
* Landscaping Cost
Retail Space 54,950
(no Bsmt. or
2nd Floor)
Office Space 71,200
Housing (rental)
220
254
80
Totals 126,150
Par"ing Deficiency
554
127
$2,830,000
Total Units
Total
Const. Co.
$ 250,000
2,621,000
2 Bdrm. -
1 Bdrm. -
Caretkr.
4,677,600
21 D.U.-26%
59 D.U.-73%
1 D.U.- 1%
81 100%
2,830,000
Tot.l Estimated Construction Cost
(Does not include land, fees or financing)
* - Probable public expense
$10,370,600
RE: COLUMBIA HEIGHTS - HRA PROJECT
Page Four
HOUSING (If sale or condominium)
First Level
Two Berm. Units
One Bdrm. Units
Caretaker/office
Quantity
6
4
1
11 Dwelling Units
Typical Floor Levels
Two Bdrm. Units
One Bdrm. Units
Total Units/Floor
x 5 levels
Total Dwelling Units
9
2
11 Dwelling Units
55
66 @$36,BOO D.D. =
$2,430,000
PM:KI~,G
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1.2 cars/D.U. = 80 cars
Total garage parking available = 80 cars ~$5,OOO/car
No Parking Deficiency
Code (1.5 cars/D.U.) Deficiency 19 cars
Ca~ increase surface parking by
15 cars if set back relaxed
along LaBelle Park.
400,000
SUMJV.ARY
Two Bc1rm.
One Berm.
Caretaker
51 D.U.
14 D. U.
1 D.U.
66 D.U.
77%
22%
1%
RE: COLUMBIA HEIGHTS - HRA PROJECT
Page Five
PRELIMINARY PRIVATE DEVELOPMENT VALUE
RETAIL SPACE
Approx. value for first level space (finished)
Approx. value for second level space (finished)
OFFICE SPACE
Approx. value for 71,200 net sq. ft.
HOUSING
(
Approx. value for 69,000 net sq. ft. of
condominium housing @$60/net sq. ft.
selling price
Total Value of Private (taxable) real estate
$2,218,000
315,000
$3,661,000
$4,414,000
$10,608,000