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Mounds View Planning Commission August 18, 1999 <br /> Regular Meeting Page 7 <br /> • Ericson stated the tax generation capabilities of this project, as opposed to a typical B-2 district use, <br /> had been discussed at a previous meeting of the Planning Commission. He stated it was determined, <br /> through discussion with the Ramsey County Assessor's office that a commercial use would be taxed <br /> at a rate of 2.8 percent up to $150,000 of its valuation, and after $150,000it would be taxed at 3.8 <br /> percent. He stated the County considers the proposed use to be a commercial use, however, because <br /> it caters to the needs of the elderly, and elderly housing, the tax rate would be 2.8 percent for the first <br /> $150,000 valuation, and would retain the 2.8 tax rate after that point. .. AP <br /> Ericson stated staff was unable to find many comparable exarnp;es of B-2< es in e area, howeve <br /> it was believed that the proposed project, at a 1.5 million dollar valuation > voli_prxb:bly outweigh <br /> some types of commercial uses which would probably cons` of a showroom or-VO.e;= t oed <br /> the valuation of the proposed facility would likely exceed< th r uses>`which would' tt1:='' 'a B-2 <br /> ZoningDistrict. Hee stated while it may be taxed at a lows l eyond the $150,0 `alu tion, it <br /> was likely the proposed facility could generate more tax income_n 1tl e long run, than a commercial <br /> use. s4 ' :::;<::: > <br /> >'consideration n <br /> Eris n stated that the lack of commercial space w't>'tx`i1t�>.Cit as` 't <br /> wli". a a d a <br /> concern. He stated there are, however, some sites,° l i a e.remained cant for many years,.and <br /> the Commission had taken this into considerder He.,stated.te sublNect site has been vacant for a <br /> long eriod of time. He stated the develop shas atte, ptee t� 4r _ the subject property for quite <br /> some time, and no other proposals have been brought befo ty. <br /> • ,a, <br /> Acting Chair Miller stated that anotl r ssue which had been considered was the need for this type <br /> of facility within the City. $. 3t " <:;<=k'' ' <br /> r <br /> MOTION/ 5.. ND: Berl eaath n. To ApproveResolution 584-99, a Resolution Recommending <br /> ti�. .`:�y>>:<�<.:>:rn>. . . �>::.;,:f:<�>°:'_: '���= rte.:$:. <br /> Approva>1=:ofa . tional er t,,Rezoning Request and Code Amendment Associated with a <br /> Proposed As ;st ; : SeniorSeningillti41Facility to Be Located at 2670 County Road 1; Planning <br /> Case No. 55910 *»ended to Include a Stipulation which States "Now Be It Further Resolved <br /> that Prior to Atonal e City Council,the Applicant Will Submit a Revised Site Plan which Shows <br /> the Access nto CountyRoad, and 31 Parking Stalls." <br /> 5 w. <br /> A Nays—0 The motion carried. <br /> is . <br /> P:. ng Associate Eric, t n stated the public hearing of this matter had been scheduled for the August <br /> 1999swok,, City Cout 1'Meeting. <br /> rete <br /> 7. " aurReports /Items of Information <br /> A. Previous Council Action <br /> Community Development Director Jopke provided the Planning_Commission with an update of the <br /> 0 <br /> billboard issue. He stated he was still waiting for final word and opinion from the City Attorney <br />