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Mounds View Planning Commission April 16, 1997 Special Meeting Page 11 cameras could be used. Mr. Anthony assured the Planning Commission, that as_.. owners of the theater, security problems, if any, would be addressed. He added that he did not feel it should be a PUD requirement. It was suggested by the Planning Commission that the requirement to place remote cameras in the parking lot of the theater be removed from the PUD requirements and that it be replaced with "....shall put in place security measures if it is determined by the Mounds View Police Chief that there are persistent security problems associated with this PUD". Chair Peterson asked Mr. Anthony if he had had a chance to review the requirements of the PUD and if, other than the requirement of the remote cameras in the parking lot, were the other items acceptable. Mr. Anthony responded that he has had a chance to review them and found them acceptable. Sandy Simmons, 5041 Edgewood Drive, inquired when the office buildings would be built and why they could not be constructed at the same time as the theater. Commissioner Obert responded by saying that Staff had researched this matter and has determined that the vacancy rate for an office building, of the same size proposed, was five percent. Therefore, they do not expect a problem getting the space leased. Chair Peterson asked Ms. Simmons if the provisions regarding fencing and other screening were acceptable. Ms. Simmons responded that the office buildings are their buffer. Commissioner Stevenson asked the applicant what was the time frame for opening the theater and how much time would they need to lease office space. Mr. Anthony expressed that he hopes to be open by Christmas of this year. If they miss that time frame, he would expect them to be open in June, 1998. Commissioner Stevenson commented that if they opened in December, they may not have all their office space leased, however if they opened in June of next year, they may have all the space leased and, therefore, construction of the office buildings would occur at the same time as the theater. Commissioner Obert asked if the City could mandate the timing of construction by PUD or would they let the market itself drive the construction. Mr. Wendell Smith informed the Commission a certain portion of an office building must be pre-leased prior to obtaining a loan. It was the consensus of the Planning Commission to let the market decide the timing of the construction for the office buildings.