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<br />ROSEVILLE PLANNING COMMISSION <br /> <br />page# 3 <br /> <br />Wednesday, September 7, 1988 <br /> <br />development there would be a parking problem. Gregory responded <br />that the retail that was shown on the plan would meet city <br />parking guidelines and stated that there would be 4-5 stores in <br />the center. Dahlgren responded that the proposal would have to <br />meet parking requirements. Dahlgren added that the restaurant <br />would require parking, more parking than retail, and therefore <br />the existing parking may not meet requirements. <br /> <br />DeBenedet asked if a full service gasoline station was still part <br />of the plan. Gregory responded that it was. <br /> <br />Lawrence Bieza, 182 S. McCarrons, pointed out that this proposal <br />was breaking new ground because of the cost of the units and <br />asked that further study be made concerning rental availability <br />based on the cost of units. Coppersmi th highl ighted vacancy <br />rates and higher cost units. <br /> <br />Johnson closed the public hearing. <br /> <br />stokes asked for a explanation of the details of tax increment <br />financing. Waldron summarized tax increment financing in <br />general, and the specific numbers for this case, pointing out <br />that the burden is on the developer because there would be no <br />bonding by the city so the developer would get paid only if they <br />perform and the increment comes in. <br /> <br />Goedeke pointed out that there appeared to be little resistance <br />to the plan and asked what had happened at the neighborhood <br />meeting. <br /> <br />Leslie Berry, 2835 Merrill, testified that they have heard <br />answers to some of their concerns, but that they are still not <br />excited by the plan and still had a number of questions to be <br />answered. <br /> <br />Goedeke asked if the neighborhood was more happy with this plan <br />that with previous plans. Leslie Berry replied that the <br />neighborhood was still very concerned about the plan and the use <br />of tax increment financing. <br /> <br />Johnson pointed out that tax increment financing was necessary to <br />reduce the density on the site. <br /> <br />Waldron summarized the number of units that would be necessary on <br />the site for it to be developed at market rate without tax <br />increment financing. <br /> <br />DeBenedet inquired if the existing taxes would continue to go to <br />all of the taxing jurisdictions and if only the increased <br />