Laserfiche WebLink
JAMES ADDITION REDEVELOPMENT SCENARIOS <br /> 1.0 c nd <br /> 1.1 At the September 24, 1997 James Addition Task Force meeting, staff was asked <br /> to re are scenarios that illustrate the redevelopment potential of the study area <br /> bounded by Snelling on the east, the Fla inbow/S hopping Center parcel on the south, <br /> Fry Street on the west, and Rosebrcok City park on the north. This area encompasses <br /> 6.2 acres and includes four parcels and City right-of-way for Fry Street and Oakcres# <br /> Avenue. <br /> 1.2 The four parcels to be redesigned within these scenarios include; <br /> a Knights of Columbus, 2555 Snelling Ave. No., PID #09-29-23-11-0074, <br /> 1.44 acres <br /> Owner of Record: Nazareth Bldg- Assoc. Inc., 2555 Snelling Ave. N., Roseville <br /> 55113-2835 <br /> b Kings of Columbus/National Tire, 2561 Snelling Ave No., PID#09-29-23-1 I- <br /> 007 , 1.38 acres <br /> Owner of Record: Nazareth Bldg Assoc Inc., 2555 Snelling Ave.N., Roseville <br /> 55113-2835 <br /> c) Horn Oak/Leather, 2525 Snelling Ave No., F I D#0 9- -11-0 007, 1.86 acres <br /> Owner of Record-.Capitol City Investment, 246 Albert St. ,, St. Paul 55105-2458 <br /> d) Twin City Gym/King's curt, 560 Fry St. N., PID##09- -23--11-0004, 1,17 acres <br /> Owner of Record:RKC Inc, 2560 Fry St. N., Roseville 55113-2809 <br /> 1.3 Scenarios are attached as Alternatives 1 through 5. Many variations can occur <br /> based on the mix of uses and the placement of the roads, as well as the interests of the <br /> property owners. Assumptions made in these scenarios include the following: <br /> a New construction costs are based on 1 997 known construction values. <br /> b Construction would take approximately 2 years from approval date. <br /> c) No fiscal disparity is charged to housing projects <br /> d Senior housing is considered "affordable" housing, with reduced tax rate. <br /> e} Roseville will continue to have construction and market demand seem in 1 997 <br /> Inflation rate is 1 percent (can be adjusted in the model) <br /> g) Tax capacity rates and tax classifications reflect 1997 figures. <br /> h Property taxes are carried out for 10 years, no bolding is shown. <br /> i The value of the existing properties arrd development is derlyred from the <br />