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Session 1703, Minutes 10 <br />August 18, 1997 <br /> <br />story short at the minimum. He, like Ms. Sciortino, does not know what they truly mean by" a <br />story". He definitely would like to see more details regarding lighting, landscaping, fencing, utilities and <br />trash receptacles. <br /> <br />Mayor Adams suggested to Mr. Ollendorffthat developers should probably provide a true <br />topographical map against existing areas. Probably would need to do an ordinance in order to require <br />this. <br /> <br />Mr. Wagner said that he agreed with the Mayor. For this development, he wondered where service <br />and delivery vehicles would park. Most assuredly off the street. The developer should add a few extra <br />spots for these vehicles. <br /> <br />Mr. Munkel added that the same problem will occur for visitors. He wondered where visitors would <br />park. <br /> <br />Mr. Mark Manlin, 677 Craig Road, Creve Coeur, said that the project consists of condominiums for <br />sale, not for rent. He went into detail about his company's vast experience with developing real <br />estate in the St. Louis area and awards they have won. He said that they had been working very <br />closely with the City Manager and the Planning Department. They have been looking very closely to <br />the ordinance dealing with planned development and with the other buildings that had been <br />developed in the area that they consider to be more or less comparable. He would now like to deal <br />with the questions that had been raised tonight. The project proposed name is Carleton Manor. He <br />compared the density of his project of eighteen units is 45%, to comparable figures to other <br />developments in the area which goes as high as 55.7% density at Kingsbury Place, which is located at <br />312 Meramec. The building that they are proposing on the lot size they have is not out of the <br />ordinary according to this comparison. The Londe project across the street is twenty-four units <br />compared to their eighteen units. The high cost of land forces them to get a certain density in order to <br />deliver their units at a market price. At eighteen units, as requested, we appear to be able to deliver <br />these units at what they feel is a market price. If they lose a whole floor and lose the number of units, <br />they can not stay at the market price. The units would be too expensive in order to satis6/their <br />business risk. Going down to twelve units would cause them to have to sell at the $400,000+ range, <br />which they do not feel is justified, nor possible. Carleton Manor, a three story building with lofts, by <br />definition, is 43.5 feet high. The approved Londe project across the street is 40 feet high. The Oaks, <br />another three story condo building off of Hanley, is 53.39 feet high. Kingsbury Place is 49.25 feet <br />high. The developer next discussed height variations between the proposed buildings and the homes <br />on Donne. They followed the ordinance to the letter regarding parking spaces. The three existing <br />houses on the lots they are going to purchase brought in a tax revenue in 1995 of $5,067.70. The <br />proposed development of eighteen units with an average price of $250,000 at the prevailing tax rate <br />would create a total estimated tax revenue of $67,861.35, which represents an increase of 1250%. <br />In regards to the new conditions from the Planning Department, the architectural upgrades and <br />amenities are top quality. They have a track record for developing nice buildings and they want to <br /> <br /> <br />