07-23-1986 Council Agenda - Laserfiche WebLink

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MEMORANDUM northwest associated consultants, inc. cir2117Q JUL 17 1986 CITY OF TO: Little Canada Mayo/ and City Council LITTLE CANADA FROM: David Licht ,\ DATE: 16 July 1986 RE: FILE NO: Little Canada - Little Canada Road Office Building TIF (Kennedy) 758.09 - 86.23 On this date I met with Mike Kennedy and conveyed to him our finding,: that the acquisition of the adjoining single family property by the City through tax increment financing cannot be accomplished with the construction of a 6,000 square foot office building. An 8,000 square foot office would, however, support the suggested neighboring property purchase and relocation based upon our preliminary estimates. Mr. Kennedy continues to content that the larger sized structure will be more expensive beyond the proportionate, direct square foot building costs. I have as a consequence requested that he provide formal documentation of such expenses so that the Council can evaluate the situation from a factual basis. Relative to the project from a general perspective, our office believes that several basic conclusions can be drawn. First, redevelopment of the area into office use would appear positive. The present exposure to traffic does not present a highly desirable single family living area. This situation is furthered by the present existance of commercial to the south of Little Canada Road. The Kennedy proposal, in general terms is therefore seen as an oppor- tunity to improve the area. The second observation is that if the area is to redevelop with a non - residential use, isolated pockets of inconsistent and incompatible land use should not be permitted. Such a position would suggest that the neighboring residence must definitely be included as part of the project. 43 4820 minnetonka blvd., ste. 200, minneapolis, mn 55416 (612) 925 -9420 1