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Planning Commission Report TOLD Development Co. Case#507-97 January 14, 1998 Page 8 and will promote competitive pricing • Walgreens is expected to draw a majority of its customers from within the City • It will strengthen the City's tax base and generate revenue • The store will create up to 35 jobs, many of which will be filled by Mounds View residents • The use will alleviate drainage problems in the area • Takes advantage of an opportunity being presented by the marketplace • Eastwood Road residents south of Hillview Road would live on a cul-de-sac with no through traffic • The proposal redevelops a site for which the City paid $125,000 and returns it to the tax base Disadvantages: • The proposal involves the removal of four single-family houses • . Traffic counts on Greenwood Drive are expected to increase by 40 percent n The development of the site may increase:the number of actidents at this busy intersection` • Homes on Greenwood that now back up to other homes would back up to a commercial business, although these properties have been offered compensatory settlements. The community, in previous public meetings, has voiced opposition to the addition of any more rental housing within Mounds View. Many question the appropriateness of locating any type of housing along Highway 10--rental or otherwise. The City, after purchasing the corner property, attempted to market the site to commercial developers, but found tittle interest due to the access difficulties and relatively small area. Combining the City lot with the four single-family homes has opened the door to commercial development. Resident concern is understandable, however, because once the door is opened, where will the commercial encroachment end? In the community forums held recently to gather residents' input for the impending comprehensive plan update, a general consensus was reached in that commercial development should be restricted to Highway 10 and not allowed to spread beyond the Highway 10 corridor. This proposal would be in keeping with that goal. Recommendation:. ... A. Approve Resolution 5219, a resolution amending the comprehensive plan of the City of Mounds View by changing the land-use designations for properties located at 2625 Highway 10 and 7715- 7761 Eastwood Road from High-.and Low Density Residential to Neighborhood Commercial. B Introduce the first reading of Ordinance 614, an ordinance amending the official zoning map of the City by approving the rezoning of properties located at 2625 Highway 10 and 7715- 7761 Eastwood Road from R-3, Medium-Density Residential and R-1, Single- Family Residential, to B-2, Limited Business District. 5,6_0>cere„.., James Ericson, Planning Associate