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Planning Commission Case No. 471-97: O'Neil Property March 28, 1997 Page 4 The need for professional and medical services is great given the growing concentration of senior housing in the Highway 10 corridor, and the aging population in general. ■ Economic Benefits Property Taxes: Approximately$66,000 dollars in property taxes are being paid annually on the O'Neil property, based on a market value for the land at $1.1 million. The estimated value of the property with development of the proposed project is $11 million, which would generate $691,000 in property taxes. The City's share of the property taxes would be $113,000 annually. Employment: It is estimated that the development will generate approximately 77 full time and 52 part time new jobs for the community. Multiplier Effect: As noted in the last staff report, hotel and entertainment uses have one of the highest multiplier effects, i.e. the ability of one business to generate additional economic activity that creates more jobs and brings customers to other businesses. The applicant has provided an article which discusses the economic impact multi-screen movie theaters have made in other communities (see attached). • • Public Safety Police: The Mounds View Police Department has indicated that since there will be more people and cars on the site with development, there will be more police calls because of criminal activity. Accidents, theft, vandalism and disorderly conduct are examples of the type of incidents which may occur. Because of the buffers provided around the development, the Police Chief would expect these problems to be confined to the site and he does not expect the surrounding area to be adversely affected. Staff checked with three other police departments which either deal with existing multi-screen theaters or have reviewed proposed theater developments. The two departments dealing with existing theaters noted the typical problems are thefts from automobiles, some children and teenagers congregating, and some underage consumption of alcohol in the parking lot. They did not feel these were serious problems. Fire: The Fire Marshall has reviewed the plan for this development and has responded that it does not present any concerns. Staff is checking with him on whether it is a concern if there is only one access point onto this site. • Dimensional Requirements The proposal meets or exceeds the typical dimensional requirements for commercial and office • development, and the site size and frontage requirements for commercial PUDs.