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AttachmentG <br />FurtherreviewandstudyisalsoneededontheeconomicimpactsoftheproposedWalMart,includingthefiscalimpacts <br />tothecitybudgetandtaxpayers,aswellastheimpactsonwš­;ÝzŒŒ;x­localeconomy. <br />Fiscal/TaxpayerImpacts <br />ThecouncilshouldnotconsiderapprovingtheproposedWalMartwithoutadetailedanalysisofhowmuchthe <br />developmentwillcostthecityanditstaxpayers,andwhowillpayforit.Thisfiscalanalysisshouldincludecalculationof <br />howmuchpublicmoneyhasalreadybeenspentoninfrastructureforthebenefitofthatsite,howmuchmoretax <br />eI35Wentranceramp,howmuchpublicmoneywillbeneededfor <br />moneywillbeneededtobuildimprovementstoth <br />environmentalcleanup,howmuchwillbeneededtopayforadditionalpoliceofficers‘balancedagainstprojectedtax <br />revenuetobereceivedbythecityfromtheWalMart.Inshort,thecouncilshouldrequireanindependent,objective <br />bottomlineanalysisofhowmuchRosevilletaxpayerswillberequiredtosubsidizeWalMartbeforeconsideringwhether <br />toapprovetheproposedproject. <br />ImpactsontheLocalEconomy <br />Similarly,thecouncilshouldconductanindependentanalysisofWala©·x­potentialimpactsonthelocaleconomy, <br />ctsonexistingbusinesses,especiallylocallyownedandsmallbusinesses,andpotential <br />includingpotentialnegativeimpa <br />negativeimpactsonpropertyvalues,especiallyinsurroundingresidentialneighborhoods.Forarecentoverviewof <br />literatureanalyzingtheeconomicimpactsofWalMart,pleaseseetheattachedreportbytheHunterCollegeCenterand <br />CommunityDevelopmentandNewYorkCityPublicAdvocateBillDeBlasio,{‘Œa©·x­EconomicCšš·¦©z“·|(attached <br />separatelyasaPDF). <br />LandUseIssues <br />Ifthecouncildeterminestogoforwardtoconsiderlanduseissuesat·š“zmw·x­meeting,Wala©·x­requestsfora <br />preliminaryandfinalplatshouldbedenied.Themitigationrequirementsofthe2007AUARUpdatehavenotbeenmet, <br />asdiscussedabove.Theproposedbigboxdevelopmentviolatesthe2001TwinLakesMasterPlan,anddoesnotmeet <br />eitherzoningorcomprehensiveplanrequirementsforthesite. <br />The2001TwinLakesMasterPlan <br />The2001TwinLakesMasterPlanspecificallystatesthatbigboxretaildevelopment{z­not©;-š’’;“7;7|atthecorner <br />ofClevelandAve.andCountyRoadC,theverysiteoftheproposedWalMart.The2001TwinLakesMasterPlanisthe <br />4 <br />Page15of95 <br /> <br />