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15-11074r RESOLUTION NO. 11074 RESOLUTION AMENDING THE CITY'S COMPREHENSIVE PLAN CHANGING THE DESIGNATION OF 1400, 1420 AND 1500 — 78TH STREET EAST AND 7711 — 14TH AVENUE TO "REGIONAL COMMERCIAL" WHEREAS, the City's Comprehensive Plan provides a Guide Plan establishing particular planning needs for specific segments of the City; and WHEREAS, the Comprehensive Plan designates 1400, 1420 and 1500 — 78th Street East and 7711 — 14th Avenue as "High-Density Residential/Office;" and WHEREAS, the 1-494 Corridor Plan was prepared based on the market conditions of 2005 and the City and consultants predictions for the future; and WHEREAS, the demand and viability of "Regional Retail" adjacent to the Mall of America and other similar large regional retail destinations was expected to limit the viability of these uses in areas without excellent transportation access; and WHEREAS, current market conditions have changed, a regional transportation connection via the 77th Street underpass is moving forward, and the proposed use is a particular type of destination retail that is less influenced by the proximity of regional malls and similar developments; and WHEREAS, the City has reviewed the Guide Plan classification and determined that it would be appropriate to designate 1400, 1420 and 1500 — 78th Street East and 7711 — 14th Avenue as "Regional Commercial;" and WHEREAS, the Planning Commission conducted a public hearing on March 23, 2015 concerning modifying the Guide Plan and recommended approval of the modifications; and WHEREAS, the City Council considered the amendment on April 28, 2015; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield, Minnesota that the City's Comprehensive Plan is hereby amended to designate 1400, 1420 and 1500 — 78th Street East and 7711 — 14th Avenue as "Regional Commercial" and is contingent upon the following: 1. The revision is submitted to and approved by the Metropolitan Council. Adopted by the City Council of the City of Richfield, Minnesota this 28th day of April, 2015. /� ebbie Goettel, Mayor ATTEST: 1 Eliz (/\(111/4/1 "--nHe City Clerk