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. Mounds View Planning Commission April 1, 1998 Regular Meeting Page 2 4. Approval of Minutes: March 4, 1998 (Regular) Motion/Second: Stevenson/Peterson to approve the March 4, 1998 regular meeting minutes as amended. Ayes - 5 Nays - 0 5. Planning Case No. 507-97 2625 Highway 10, 7715-7761 Eastwood Road Applicant: TOLD Development Company Discussion Regarding Walgreen Development Request, Comprehensive Plan Amendment, and Rezoning. The applicant, TOLD Development Company, represented by Robert Cunningham, was present. Associate Ericson made his presentation as follows: TOLD Development, on behalf of Walgreen's, is requesting a Comprehensive Plan Amendment and rezoning of residential properties to allow for the construction of a Walgreen store at the northeast corner of Highway 10 and County Road I. The meeting has been discussed at four previous Planning Commission meetings, public hearings and community meetings in association with the Comprehensive Plan Update process. The new information that the City had was made available as follows: 1. American Planning Association (APA) information, which was not attached because it did not address the issue of how the Walgreen store would affect adjacent property, property values. 2. Discussion with the City Attorney regarding who is responsible for the decline in property values, if any, when a commercial development comes into a residential area. A. The City Attorney advised: Neither the City nor the developer, in general, can be held liable for any real or perceived reduction in property value. There is a certain degree of risk that goes with properties that abut vacant land, or that is in close proximity to major transportation arteries or major commercial centers. In the event a mistake or oversight is made during the • project review or construction, according to Minnesota Statutes, a city, its