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MINUTES <br />Planning Commission <br />June 9, 1988 <br />Boosalis Bill Souchy commented that his property will be devalued by rezoning it <br />Proposal from B -3 to R -1 and asked who will compensate him for this loss in value. <br />(Cont.) <br />The Planner stated that the City is not sure of the value implications <br />in a rezoning and there is the potential for an increase in value since <br />the property would be gaining access to the street and there would be <br />the ability to develop an additional lot. <br />Davison pointed out that in other instances, the property owners have been <br />forced to sell their property just to pay for the assessments. <br />DeLonais pointed out that in other instancesthe developer was required <br />to pay for the street improvement. <br />The Planner pointed out that the developer does not own all the property <br />abutting the street in this instance. <br />DeLonais asked if assessments could be deferred. <br />The Planner pointed out that there is a great deal of frontage for the <br />road which cannot be assessed. The anticipation is that Tax Increment <br />Financing will be used from the commercial development to help pay for <br />the road. The Planner pointed out that there is approximately 1,300 <br />feet of road and about 700 feet cannot be assessed. <br />DeLonais asked when the road would be put in. <br />The Planner replied that the City would be putting in the road and it <br />would be constructed at the same time the commercial development goes in. <br />Mrs. Kukk, property owner on County Road C, questioned that there was <br />adequate room for the section of road adjacent to the animal hospital. <br />The Planner stated that the aerial photographs show there is adequate <br />room. <br />Souchy asked why the ponds are shown on the plan. <br />The Planner replied that the ponds are required and will take run -off <br />from the commercial development before it goes into Round Lake. <br />Souchy stated that he has heard the developer will give the ponds to <br />the City. <br />The Planner stated that the City may take an easement over the ponds <br />but leave ownership with the developer. <br />Souchy asked about the grade of the residential development. <br />The Planner reported that grades have not been determined at this <br />point, noting that the review is preliminary. <br />Page 9 <br />