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451 <br />MINUTES OF THE JOINT MEETING OF THE <br />EDINA HOUSING AND REDEVELOPMENT AUTHORITY/CITY COUNCIL <br />JULY 6, 1987 <br />I <br />F <br />cr) m I <br />Q: m <br />I <br />I <br />A 'joint meeting of the Edina Housing and Redevelopment Authority and the City Council <br />was convened to consider concurrently the Final Development Plan for Cineplex Odeon <br />Corporation (Edina Theatre, 3911 W. 50th Street). Action was taken by the HRA and <br />the Council individually as required. <br />Answering rollcall were Commissioners/Members Richards, Smith, Turner and Courtney. <br />MINUTES of the Joint HRA/Council Meeting of June 15, 1987 were approved as submitted <br />by motion of Commissioner/Member Turner, seconded by Commissioner/Member Smith. <br />Ayes: Richards, Smith, Turner, Courtney <br />Motion carried. 8' <br />(Commissioner/Member Kelly entered the meeting at this point.) <br />. PUBLIC HEARING ON FINAL DEVELOPMENT PLAN FOR CINEPLEX ODEON CORPORATION (EDINA <br />THEATRE) CONTINUED TO 8/3/87. Affidavits of Notice were presented by Clerk, approved <br />and ordered placed on file. <br />the Edina Theatre, 3911 West 50th Street, located on the south side of West 50th <br />Street and west of France Avenue. The owners, Cineplex Odeon Corporation, have <br />submitted a request to allow reconstruction for a larger theatre auditorium to <br />increase the seating capacity from its present 841 seats to 1400 seats and to <br />increase the number of screens from three to four. He pointed out that the theater <br />property has approximately 87 feet of frontage on West 50th Street, including three <br />existing shops and the existing theatre lobby. <br />would leave the three existing stores and lobby space in place as they exist today. <br />The redevelopment of the property would occur approximately 36 feet back from the <br />sidewalk on West 50th Street. Mr. Larsen explained that under the proposal the <br />theatres would be stacked; there would be two theatres containing 419 seats and two <br />theatres containing 281 seats. The exterior of the proposed building would be face <br />brick to match the brick in the existing tower; the paint on areas along the existing <br />store fronts would be removed, and the existing tower and marquee would remain as <br />they are presently. The building the theatre is proposing for the property would be <br />four stories and a total of 48 feet in height and would be 16 feet taller than the <br />existing building. The proposal asks for a Floor Area Ratio (FAR) of 1.82, of which <br />1.68 would be for theatre use including the lobby. <br />for the existing stores. <br />allows a FAR of 1.5 in the PC-2 District. The proponents contend that this FAR is <br />required if they are to save the retail spaces and still meet their design <br />objectives. Mr. Larsen commented that the theatre is located within the 50th and <br />France Tax Increment District. The theatre relies on public parking provided in the <br />ramps in the area. The Zoning Ordinance allows for the re-use or reconstruction of <br />existing buildings in the district without providing additional off-street parking. <br />The Ordinance provides, however, that expansions to existing uses must include <br />additional off-street parking in conformance with Ordinance requirements, i.e. for <br />theatres, one space for each three seats, plus one space per employee. Based on the <br />proposed expansion that would add 559 seats, 186 new parking spaces would be <br />required. The Zoning Ordinance provides that for certain complementary nighttime <br />uses the required parking can be reduced by 50% if adequate parking to meet the total <br />demand is available within 500 feet of the building. <br />listed as an eligible nighttime use. <br />reduced to 93 spaces. Because the theatre can provide no private parking on site, <br />the proponents are requesting that an additional level be added to the 51st Street <br />public ramp to satisfy the additional parking demand. <br />ramp would provide 115 new parking spaces. <br />anticipated by the 50th and France Plan which assigned additional development <br />potential to specific properties within the district. <br />additional assessments for parking and other public improvements based on the <br />assigned expansion potential. <br />expansions have occurred, however, two major planned additions have not occurred, the <br />Arby's site and the undeveloped area immediately north of the 51st Street ramp and <br />immediately west of the theatre. The theatre was not included in the properties with <br />expansion potential. The proponents have submitted a parking and traffic analysis in <br />support of their proposed expansion. The report concluded that the theatre use is <br />complementary nighttime use which does not conflict with the daytime retail uses in <br />the district. The report does find, however, that during peak daytime periods (12:OO <br />noon - 3:OO p.m.) that the parking ramp is essentially full. The study finds the <br />impact of the theatre on this condition to be minor. The additional 115 spaces will <br />alleviate that parking deficiency and will increase retail activity according to the <br />report. <br />France were financed by a combination of tax increment bonds (80%) and special <br />assessments (20%). Cineplex Odeon Corporation has proposed funding for the <br />additional level of the ramp in the same manner, 20% to be assessed against the <br />theatre owners and 80% to be picked up by tax increments generated in the District. <br />Other property owners would incur no additional cost. Mr. Larsen directed the <br />Council's attention to a memorandum prepared by Gordon Hughes regarding the proposed <br />51st Street parking ramp expansion. <br />Planner Craig Larsen said that the subject property is <br />The proposal under consideration <br />The remainder would be floor area <br />Mr. Larsen informed the Council that the Zoning Ordinance <br />Theatres are specifically <br />As a result, additional parking demand can be <br />The proposed addition to the <br />This expansion to the ramp was <br />Those properties paid <br />Mr. Larsen said that some of the anticipated <br />Mr. Larsen explained that the original public improvements at 50th and <br />The memorandum presented the history of the 50th