Council approves Park Shore A Wing PUD and modifies A Wing development agreement

The City of St. Francis Common Council approved a detailed planned unit development (PUD) for the Landing at Park Shore A Wing and conditionally rezoned the relevant lands as a residential planned unit development under the city code. At the same meeting the council also approved modifications to the A Wing development agreement, removing language that would have permitted Tax Increment District (TID) funds to be paid to property adjacent to the TID district and adding clarifications about existing condominium property within the project area.

City staff reported the Joint Review Board had approved payment of TID funds to property adjacent to the district at an earlier stage, and that the agreement before the council had been revised to remove that payment language. Staff also said the revisions clarify distinctions between existing condominium ownership and the larger property described in typical development agreements. Staff recommended approval; the council moved, seconded and approved the PUD, rezoning and the revised development agreement by voice vote.

There was no roll-call tally recorded in the transcript for these votes. The council described the changes as technical clarifications and adjustments to reflect actions taken by the Joint Review Board since the item was last considered.

The approved PUD and development agreement revisions will be incorporated into the project documents and guide regulatory and fiscal steps for the A Wing project going forward. The council did not provide specific financing amounts or construction schedules during the discussion recorded in the meeting transcript.