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Mounds View Planning Commission August 18, 1999 Regular Meeting Page 7 Ericson stated the tax generation capabilities of this project, as opposed to a typical B-2 district use, had been discussed at a previous meeting of the Planning Commission. He stated it was determined, through discussion with the Ramsey County Assessor's office that a commercial use would be taxed at a rate of 2.8 percent up to $150,000 of its valuation, and after $150,000, it would be taxed at 3.8 percent. He stated the County considers the proposed use to be a commercial use, however, because it caters to the needs of the elderly, and elderly housing, the tax rate would be 2.8 percent for the first $150,000 valuation, and would retain the 2.8 tax rate after that point. Ericson stated staff was unable to find many comparable examples of B-2 uses in the area, however, it was believed that the proposed project, at a 1.5 million dollar valuation, would probably outweigh some types of commercial uses which would probably consist of a showroom or sales area. He stated the valuation of the proposed facility would likely exceed other uses which would be found in a B-2 Zoning District. He stated while it may be taxed at a lower rate beyond the $150,000 valuation, it was likely the proposed facility could generate more tax income in the long run, than a commercial use. Ericson stated that the lack of commercial space within the City was certainly a consideration and a concern. He stated there are, however, some sites, which have remained vacant for many years, and the Commission had taken this into consideration. He stated the subject site has been vacant for a long period of time. He stated the developer has attempted to market the subject property for quite some time, and no other proposals have been brought before the City. Acting Chair Miller stated that another issue which had been considered was the need for this type of facility within the City. MOTION/SECOND: Berke/Braathen. To Approve Resolution 584-99, a Resolution Recommending Approval of a Conditional Use Permit, Rezoning Request and Code Amendment Associated with a Proposed Assisted Living Senior Residential Facility to Be Located at 2670 County Road I; Planning Case No. 559-99, as Amended to Include a Stipulation which States "Now Be It Further Resolved that Prior to Action by the City Council, the Applicant Will Submit a Revised Site Plan which Shows the Access Onto County Road I, and 31 Parking Stalls." Ayes— 6 Nays—0 The motion carried. Planning Associate Ericson stated the public hearing of this matter had been scheduled for the August 23, 1999, City Council Meeting. 7. Staff Reports /Items of Information A. Previous Council Action 411 Community Development Director Jopke provided the Planning Commission with an update of the billboard issue. He stated he was still waiting for final word and opinion from the City Attorney