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Plan Commission Minutes - 2 - May 21, 1986 <br /> Hamilton Lakes Village (continued) <br /> that they would prefer to have single family homes developed on <br /> the property and that Beisner Road should not be put through. <br /> 9:20 p.m. : 15 minute recess. <br /> Representatives of Crow-Chasewood addressed the residents' <br /> questions. Dave Miller explained the need for Beisner Road exten- <br /> sion to alleviate excess traffic in residential areas. Beisner <br /> Road would be designed as a collector street and take the bulk <br /> traffic. <br /> Bruce White stated that Crow-Chasewood owned the property <br /> outright without any contingencies. He described the proposed <br /> development, stating that the three-story apartment buildings would <br /> be 35 feet high, including the pitched roofs. He also stated that <br /> the midrise building would not exceed 60 feet in height and office <br /> buildings would be six stories or up to 90 feet tall. The use of <br /> taller buildings would draw the density away from the perimeter <br /> of the parcel. He further noted that the net tax revenue of the <br /> development to the Village and other taxing bodies would be $8,480,000. <br /> Chris Carley stated that the benefits of the proposed development <br /> will be the homes that will be provided for people who cannot afford <br /> to buy a single family home or people who do not desire to purchase <br /> a home. The type of people that would lease the apartments would be <br /> young professionals and some older people. The average age of a <br /> similar residential project by Crow-Chasewood in Willowbrook is <br /> 33 years old and the average income is $40,000. He stated that <br /> Crow-Chasewood will be around for years to come to maintain the <br /> property. <br /> Bruce White addressed the staff comments regarding the property. <br /> Adequate water and sewer service is available. He mentioned that <br /> the roadway details were under discussion with the Village staff. <br /> The staff wants both Wellington Avenue and Beisner Road to be <br /> through streets. Further discussion of specific staff comments <br /> followed. <br /> Fred Geinosky asked if the developer had done a study to <br /> determine the need for the two office buildings. Pat McKillian <br /> responded that the office space at Hamilton Lakes in Itasca is <br /> 90% leased. He said that along I-290 would be a good location for <br /> corporate headquarters. The Canon building in Hamilton Lakes would <br /> be a good example. Mr. Geinosky requested that the developer <br /> prepare some data on the potential use of the office buildings <br /> and provide it at the next meeting. <br /> Fred Geinosky inquired about the traffic study. Mr. Miller <br /> explained the method of calculation. Chairman Glass requested <br /> that the developer prepare some traffic statistics that take the <br /> connection of Rohlwing Road with Martingale Road into account. <br /> without figuring in the I-290 interchange at Biesterfield Road. <br />