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Planning & Zoning Board <br />July 11, 2001 <br />Page 22 <br />Chair Schaps invited the audience to address the Board. No one was present at this time <br />to address the Board. <br />Mr. Corson made a MOTION to close the public hearing at 9:57 p.m., and was supported <br />by Ms. Lane. Motion carried 5 -0. <br />Mr. Powell stated he shared Mr. Palmquist concerns regarding the requirements of <br />condition number 18. Chair Schaps suggested staff work with the applicant on this issue. <br />Mr. Lyden stated when he makes a purchase he determines first whether it is the right <br />time, the right product and the right price. With regard to this development he felt that <br />the timing was right, that Target and Kohl's were absolutely the right products, but that a <br />convenience store and bank were not the right products. With regard to price he noted <br />this development would partially be funded through tax abatement. He indicated that the <br />School District and Anoka County both turned this project down. <br />Mr. Lyden stated he could understand providing tax abatement for Target and Kohl's but <br />he was concerned about providing assistance to a convenience store and a bank when <br />there are both of these types of services across the street that did not receive assistance. <br />Mr. Wessel stated Ryan Companies made a request for subsidy to the City Council in <br />May 2000. He stated the City Council was discussing this issue this evening and one <br />concern they have was providing subsidy to competitors of existing businesses. He <br />indicated the Council was considering the possibility of removing that portion from the <br />subsidy request. He stated the tax abatement issue was very complicated at this time due <br />to the recent reduction in commercial tax rates. He anticipated that the decision <br />regarding tax abatement for this project will be made by the Council at their July 23, <br />2001 meeting. <br />Mr. Lyden stated he was not certain that a convenience store and bank were the right <br />products for this development or that the price was acceptable. He noted there were other <br />issues pending, such as Rice Creek Watershed District approval, which may have a large <br />impact on the proposed development. <br />Chair Schaps stated he understood Mr. Lyden's concerns but noted the request this <br />evening was to approve the site plans for the Target and Kohl's stores and this approval <br />would not be a' commitment to any specific convenience store or bank. <br />Mr. Grochala agreed that the approval this evening would only be for the PDO <br />development, but he assumed that the proposed uses, i.e. a convenience store and bank, <br />will be pushed forward. <br />Mr. Lyden felt the market would dictate what will be in the best interest of Lino Lakes <br />and he did not feel the proposed uses were in the best interest of the City. <br />Chair Schaps asked if approval of this PDO by the City Council will obligate the <br />• <br />