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On Tuesday, June 7, the GLPC met with the VHPC at the VH <br />fire station on E at 8:00 PM. Present were Gardner, Nielsen, <br />Leider, Titcomb, Docken, Bemis, and Emeott. VH was represented <br />by their chair, Mr. Ed Haddon, and members Mrs. Kathy Ridlehoover <br />and Mr. Gene Hoff. <br />The discussion initially centered an the Fontana proposal <br />which comprises approximately 259,000 square feet, of which <br />Target represents 116,800. Although this area was originally <br />proposed to be an office complex, the situation currently is <br />"bird in hand" as the Fontana group offers a total site <br />development project. Mr. Hoff, who voted for the proposal, feels <br />that it is a very well conceived project, vastly superior to <br />WalMart (they voted down WalMart three times, but were overridden <br />by their Council) . The trade-off is the negative impact ❑f so <br />much additional retail. VH does not have satisfactory roadways. <br />to the west (i.e., Koehler and Centerville Rds.) to handle the <br />projected traffic, and there is a significant, vocal opposition <br />in the community based on safety and environmental concerns. <br />They have already noted a significant increase in traffic on <br />Centerville Rd., with traffic conditions occasionally in the F <br />category near Hwy. 96. <br />When asked to describe the motivation for this type of <br />development, they offered two primary benefits: one, the sale of <br />the land, and that sale being immediate and total, versus piece- <br />meal over an indeterminate period; and, two, the significant <br />addition to their tax base. Curiously, they did not seem fully <br />informed on the fiscal impact, and the environmental worksheet on <br />the project was not even submitted to them, but rather to the VH <br />City Council (it was presented that evening, and goes to VLAWMO <br />on June 16). They thought that revenue to the city, including <br />permits and licenses, would total about $100,000 in 1996, <br />although the initial contribution would be more like $20,000. <br />Those promoting the project forecast revenues by 2004 adequate to <br />amortize their bond issue required to build the bridge. (At 30 <br />mills, the $15 million Target store would generate about $45,000 <br />annually t❑ the City.) The owners of the property have faced <br />escalating taxes since the property was rezoned, plus very large <br />assessments upon which they are paying 8% interest, and are most <br />anxious to conclude this deal. <br />In addition to Fontana, the walMart site has outlots <br />totalling 9,000 square feet. VH is negative toward fast food <br />(Fontana substituted a bank in their proposal), but does want <br />family restaurants, a hotel, an upscale grocery, etc.. There is <br />no current proposal for the "DeCoster" site on the NW corner of <br />LaBore and E. They are very open to ideas, and appreciated Mrs.. <br />