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Staff Renort <br />3. Most Desirable Use: <br />11/7/2013 <br />The most desirable use for this site is retail on the first floor and residential units above. <br />4. Conservation of Property Values: <br />The redevelopment of this building along this corridor could have a positive effect on the <br />surrounding property values. <br />5. Responsible Development And Growth: <br />It is responsible development and growth to allow the redevelopment of an underused <br />building into a mixed use development. <br />Staff Comments: <br />The staff has received a Memorandum of Understanding from the Near Northwest <br />Neighborhood regarding the use of 26 parking spaces in their lot, located at the corner of <br />Portage and California. <br />Recommendation: <br />Based on information available prior to the public hearing, the staff recommends that this <br />petition be sent to the Common Council with a favorable recommendation subject to a <br />written commitment addressing the additional parking being made available. <br />Analysis: <br />The redevelopment of this site into a mixed use development would strengthen the <br />Portage Avenue corridor. The PUD incorporates several of the appearance objectives of <br />the Portage Avenue Commercial Corridor Revitalization Action Plan, such as parking in <br />the rear, front lot line buildings, and landscape screening. The additional parking spaces <br />provided by the NNN will provide sufficient parking for residents and customers. <br />APC # 2686 -13 Page 3 of 3 <br />