Attached for the Planning Commission's consideration is a resolution finding that the sale of the Village Pointe Plaza parcels (preliminary platted as Lots 1 and 2, Block 1 VILLAGE POINTE PLAZA) conforms to the 2030 Comprehensive Plan.

State Statute 642.356 states that no publicly owned property may be acquired or disposed of until after the planning agency has reviewed the proposed acquisition or disposal and reported in writing to the governing body its finding as to compliance with the comprehensive plan.

The City of Apple Valley purchased the 3.65-acre Village Pointe Plaza property in January 2014 for $1,148,639 after the site went through a tax forfeiture process. The City purchased the property to make sure the property wouldn't languish or be sold at auction. It also allowed the City to have more control over its development to ensure the City vision for this key property in the Central Village would be fulfilled.

OneTwoOne Development, LLC is moving forward with the purchase of the Village Pointe Plaza property to construct 58 senior-owned cooperative units and 30,000 sq. ft. of multiple-tenant retail/commercial space. At its July 27, 2017, meeting, the City Council approved rezoning of the property, zoning amendments and subdivision by preliminary plat of Village Pointe Plaza.  The property is guided for "MIX" (Mixed Use) in the 2030 Comprehensive Plan. The sale of the property to OneTwoOne Development, LLC would be expressly for the purpose of developing the property for the mixed-use Village Pointe Plaza project as approved on July 27, 2017. 

Thus, staff recommends adoption of the resolution finding that the sale of the 3.65-acre Village Pointe Plaza property for the purpose of developing the Village Pointe Plaza project is consident with the City's 2030 Comprehensive Plan as required by State Statute 642.356.