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ROSEVILLE PLANNING COMMISSION Pagel 6 Wednesday, October 12, 1988 Road B2 and Dale Street due to this project and what the costs of those projects will be to tax payers. Keel responded that these are county roads and outlined the process that the county uses to program improvements. Keel stated that the Minnesota and Dale intersection currently would warrant a traffic signal and the intersection of B2 and Dale would probably warrant a signal after this development was completed. Dombross asked what the time frame for providing signals would be. Keel replied that it would be at least 2-3 years. Ron Young, 2730 Virginia, pointed out that the Planning Commission should consider what the impact of developments are on the quality of life in the City. Young also stated that the proposed rec center is an attractive possibility but the city needs to carefully review how the City money is spent. Jim Westby questioned the possible roadway changes east of the vietnamese Church. Dahlgren summarized the possibilities for vacating the unimproved street on the east side of the church. Westby stated that that location would penalize the homeowners on the east side of the roadway and questioned whether the Concordia School was being paid an excessive amount for the property. Waldron responded that a private agreement has been reached between Brutgers and Concordia and that the City has not been involved in establishing that price. Wilson stated that he believed that a fair price is being paid for the land because they are paying a reasonable amount for the housing portion of it, the City is getting a 2.6 million dollar building for 2.6 million dollars, and the taxes from the development are helping the city pay for the 2.6 million dollar building. Westby asked if the property value was established prior to making the deal and stated that he felt the tax payers were getting stuck paying more for the property than they should. Wilson responded that Griffin Realty established the value for the property and that Brutger Company felt that the price made sense based on the development being proposed. George Nielsen, 484 Minnesota Avenue, stated his concern that the City is running out of space, jamming the remaining sites full of unneeded apartment buildings and questioned what the City is paying for tax increment projects. Waldron summarized the ci ty' s Tax Increment Financing proj ects and the costs to tax payers.