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ROSEVILLE PLANNING COMMISSION Pagel 8 Wednesday, October 12, 1988 the City $115,000 cost per year for the rec center would be paid. Johnson replied that approximately 12% of the tax bill goes to Roseville. Waldron replied that the $115,000 would be levied against the general tax payers of the City. wilson stated that Brutger Companies is not receiving tax payers money and that they are paying a fair price for the land. Wilson pointed out that the money the City is paying is being used for buying a rec center and that the development assists in retiring 2/3 of the cost of the bond to purchase the rec center. Wilson also stated that the school district is benefiting from the project because it can sell Capital View and the funds can be used for general district needs. Rohdy stated that the $115,000 annual payment will affect the City's bond rating down the line and questioned the two ways the City analyzed the cost sharing and tax intrement financing. Waldron summarized the two perspectives on the cost sharing and tax increment financing and that they both were valid ways of looking at the project. Leonard stated he was bothered by the number of new apartments units approved recently and that the additional costs of these development will be born by the City. He pointed out that it would be 12-15 years before increased taxes are realized by those properties. Gail Wesby, 480 Lovell Avenue, commented that the apartment projects are generally two-story in the area and that the recent improvements to County Road B2 did not provide for a wider street or add to the capacity of the street. Kaufmann pointed out that the proposal may be a short term benefit to the school but in the long term full valuation of the site would be better. Kaufmann stated that he was not against reasonable development on the site but was against tax increment financing and the fact that no voter input is being provided. Kaufmann also commented that there is a need to better evaluate the need for additional apartments. Kaufmann said that the Metropolitan Council study and his analysis indicates that there is an over supply of mUlti-family housing in the metro area and no need for additional units in the future. Cheryl Johnson, 2509 Marion st., a member of the Park and Recreation Commission, testified in support of the process used evaluate the need for the recreation center, about the need for parks, and that the Concordia site proposal would be a less costly way to meet the City's immediate needs.