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CC_Minutes_2012_0716
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Roseville City Council
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Council Minutes
Meeting Date
7/16/2012
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Regular City Council Meeting AND <br /> Board of Adjustments and Appeals <br /> Monday,July 16,2012 <br /> Page 35 <br /> velopment was dictated by the marketplace, and at this time, supported more retail. However, <br /> no matter the use supported by the public and their perception of what should develop, Mr. <br /> Rancone noted that nothing had developed in that area over the last fifteen (15) years. Mr. <br /> Rancone asked what the public expected to develop there, since locally-owned business didn't <br /> have a realistic ability to do so without a catalyst such as a major retailer leading the way. <br /> Regarding the SWARN appeal, Mr. Rancone noted that two (2) of the four (4) members of <br /> SWARN that he had met with in his office had expressed their preference for a Costco rather <br /> than a Wal-Mart. In response, Mr. Rancone questioned where they were five years ago, and <br /> noted that the economy had changed since 2005, along with technology and demographics, and <br /> when the "Friends of Twin Lakes" took the developer to court. Mr. Rancone opined that the <br /> Comprehensive Plan needed to respond to the realities, not the ideals, of the marketplace. <br /> Mr. Rancone noted, as an example of zoning designations, the shopping center where Byerly's <br /> was located, and questioned if they or Office Max was "regional" in nature. Mr. Rancone not- <br /> ed that many businesses perceived to be community-based or regional, were in fact national <br /> chains, with some of those squeezing out smaller retailers. Mr. Rancone opined that it was un- <br /> realistic to think neighborhood stores could develop this area on their own. <br /> Regarding the allegation by SWARN that the public was subsidizing $1.6 million for this de- <br /> velopment, Mr. Rancone questioned where that had come from. Mr. Rancone noted that many <br /> developers asked for tax increment financing (TIF) assistance with their development. How- <br /> ever, Mr. Rancone noted that Wal-Mart, nor Roseville Properties, was asking for any tax dol- <br /> lars, and that the City, County, and School District's tax bases would actually increases, signif- <br /> icantly more than realized by any of those jurisdictions over the last ten (10) years. Mr. Ran- <br /> cone noted that the City had in effect lost almost $1 million annually in potential property tax <br /> revenue with the property remaining underdeveloped in the Twin Lakes Redevelopment Area. <br /> Mr. Rancone reviewed actual figures for the project, noting that: <br /> • The project will contribute$410,000 as a Park Dedication Fee <br /> • The development will make necessary improvements at the intersection of County <br /> Road and Cleveland Avenue, estimated to be $600,000, with Wal-Mart paying their <br /> proportional share <br /> • The development will pay for upgrades at that corner estimated at$1 million <br /> • Wal-Mart will pay approximately 25% of the $1.6 million costs ($400,000) toward the <br /> freeway interchange improvements, with the balance funded through grants and Chap- <br /> ter 429 assessments as applicable <br /> Mr. Rancone opined that he saw the development contributing $1.6 million, not the City losing <br /> that amount. <br /> Regarding allegations that the property would pay no taxes for a certain period of time, Mr. <br /> Rancone opined that the statement was erroneous, anticipating that the tax value of the proper- <br /> ty would double or triple that currently paid to the City. Whether the City used TIF to pay off <br />
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