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Minutes of the Arden Hills Regular Council Meeting, 4-30-90 Page 2 . JT. MI'G. (Cont'd) Commission Member Martin explained the area along Lexington Avenue being discussed is too narrow for a larger 1113.11 type development. He expressed the opinion the =rent ovmers of the warehouse businesses 11I3.y be interested in other development if the opportunity arises . Probst stated the "power center" concept will work if all land within the area between Dunlap and Lexington Avenue were included in such a plan. He advised he is not aware of any market study in this area which identifies what is needed in this area; it appears a steady growth in retail will continue with the Target store development on the west side of Lexington. Council and Commission discussed the need for il11posing a moratorium and corrpletion of a more detailed study of proposed development of this area. Mayor Sather stated a definitive date for corrpletion of the rep:lrt and moratorium is needed) preferred not to encumber property ovmers in this area. He questioned if any prop:JSals for development have been suJ:xnitted. Probst advised no property ovmers have expressed expediency in suhnitting development prop:lsals; some property cvmers have been in contact with the Plarmer to keep infonned as to the progress of the Lexington Avenue study. Plarmer Bergly advised the Plarming Commission will be discussing the Lexington Avenue prop:lsal at their re::JUlar meeting on 5-2-90. He indicated Commission could finalize the study rep:lrt and forward a development recommendation to Council within two months. . councilmernl:er Mahowald questioned if use of Tax Increment Financing is critical to encourage development in this area; suggested staff obtain analysis of new TIF legislation. '!here was discussion regarding the proposed access road between the Lexington Avenue businesses and the Dunlap street businesses. '!he Plarmer noted the access roadway is proposed to be utilized as service road between properties rather than access road between Grey Fox and REd Fox Roads. After further discussion, Council con=ed: 1. That a meeting with Financial Consultant Jim Casserly and the Plarming Commission be scheduled to discuss TIF issues. 2. That staff be direct to nake fornal contact with property owners in the study area to detennine if there is an urgency for development on their properties. 3. That Staff contact Casserly ani the League of cities to obtain infonnation relative to recently passed Legislation on Tax Increment Financing. Council con=red with the development plan ani mix of uses as prop:lsed in the Plarmer's concept plan. Plarming Chair Probst indicated the Commissions' desire to continue the "tone" of recent higher quality development/redevelopment in this area; agreed that =rent uses blerrl together ani the main issue is the scope of the project to be undertaken. .