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Meeting/Public Hearing Planning Commission 1/4/82 (3) Mr. Swanson recommended that the hearing be continued to Friday, January 8th, providing . a' items necessary are on file at that time. In that way the Council could continue with the plans for a Public Hearing the 20th of January. If it were at a later date, the City would then be required to reset their public hearing, in the same fashion is could be done tonight, with convening and then resetting and giving public notice. Jerr Wallin asked if it was correct that the l0 day advance published notice given, an t e i ing of the requirements of less than l0 day advance notice, be sufficient with public notice, with all papers properly filed, and all members of the Planning Commission having ample time to review those documents? Jerry Swanson didn't feel it was necessary to have the 10 day advance notice. BEAD LENIBERG - Insufficient time to review the plan and all submitted papers, rawings, etc. He was .pretty much in agreement with Carl Dale; however, he did recommend that at such time as the final agre~nents were drawn up that street right of u~avc r~~i:1J. crow access and also include water :.vain and sewer lines aild would require sane additional right of ways on documents for maintenance. Easements should be a part of the final agreement. Need to provide fire protection to sane of the buildings and need to loop the water lines and these will all be part of the final agreement. He felt that Friday, January 8th would be insufficient time to review and Carl Dale concurred. (Jim Borquin asked a question regarding this time.) Need to review the sanitary sewer needs, fire main needs, have everything laid out, hydrants, and Friday would make it a little tight (on their part).. There was sane discussion among the members of the commission and the City attorney as to when the meeting could be rescheduled. No one wanted to rush through the review necessary, and the 8th might make it too rushed. Jerry Wallin stated that it was well- . known that there were a large number of residents who wished to have some statements made regarding this project and it should not be scheduled too soon, that they would have an opportunity to view the documents, as well. as the commission and he didn't feel comfortable sitting up there trying to make judgments and digest all the infor- mation produced, without sufficient time to makejtxlgments..intelligently. DEWAN BARNES - Concerned about the fact that the plans do not show the area that we are intending for the new City Hall/Fire Station/Public Works building. He would like to see the plans do so, extending down farther toward Larpenteur Ave. and include that area of land, as taell. (Harold N. requested that this be done, especially the area of.Hewlett-Packard and its traffic outlet and this will have. quite sorze impact on fihe area.) Dewan gave some facts and figures pertaining to the project. Market value is estimated at 26 million, for the total project. divided by the apartment evaluation assessment = 36% or 9 million + added to City assessed value '(using the 1980 figures) and the 1980 mill rate (14.296) would realize annually 133,810.56 OR ~not~nts to 20.206% of budget OR 35.62% of actual levy. 623 School district would realize $389,422.80 and Ramsey County - $241,029.36 for a total tax of $764,262.72. It would amount to over 1/3rd of the le~,y (ap roximately). with 2,983' of streets @$70.00 per foot for street construction OR p$208,810.00 (bonding cost) and at $45.00 per foot for water (x 2 because water needs to be looped around buildings) $268,470.00; and $45.00 per foot for sanitary sewer =$134,235.00, plus 15% for engineering fees, legal fees, administration costs it would equal $91,727.. or a total of $703,242.00. Split over a 15 year bond = $703,242.00 there could be a saving of approximately 20 million to the developer if he went with Industrial Revenue Bonds (11.5%) and by this reason alone, Dewan felt the right of way should be dedicated by American Shelter Corp „ as the City would be required to pass a resolution approving the Indus. Rev. Bend, although it would not cost the City anything.