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PUD Amendment Report <br />April 28, 2003 <br />Page 2 <br /> <br />Property Tax Consequences. Staff has reviewed the proposed amendment from a property <br />tax standpoint. While there are innumerable factors that play into a building’s assessed <br />valuation, a large component of the equation is the overall building area. The more building <br />area, the greater the building value and, the greater the tax capacity. The draft site plan <br />indicates a 15,000 square foot office building, nearly twice the size of the original restaurant <br />footprint. Staff has asked the commercial appraiser from Ramsey County to comment on the <br />potential tax implications of the proposed amendment and will report on this issue verbally at <br />the Council meeting. <br /> <br />Potential Adverse Effects: Chapter 1125 articulates the potential adverse effects that can and <br />should be addressed in the course of considering such an amendment. They are as follows: <br /> <br />1. Relationship to Municipal Comprehensive Plan. Mounds View’s adopted Comprehensive <br />Plan identifies the Theater PUD site as a Regional Commercial PUD. All of the identified and <br />approved uses within with the PUD would fall into this future land use designation. The <br />proposed office use on the corner of Long Lake Road and County Highway would be just as <br />consistent with the Comp Plan as would the PUD approved restaurant use. <br /> <br />2. The geographical area involved. The site is a triangular lot located on County Highway 10, <br />the City’s primary and most prominent commercial corridor. The parcel is a corner lot bounded <br />to the west by Long Lake Road, a higher volume traffic arterial. A wetland and woods <br />separates the site from the other parcels associated with the Theater PUD. Rice Creek <br />Watershed District approved the development and stormwater ponds were constructed to <br />handle full site build out. <br /> <br />3. Neighborhood Impact. As mentioned earlier in this report, the original planned use for this <br />particular parcel was a restaurant. A restaurant however would generate more traffic and <br />would have a greater demand for parking than would an office use. While there’s no denial <br />that a restaurant would be preferred, an office use would have less impact to the neighborhood <br />and would be less likely to generate later evening disturbances. <br /> <br />4. The character of the surrounding area. As indicated above, the parcel is separated from <br />the other Theater PUD parcels by the intervening woods and wetlands. Across the street to <br />west is Wildwood Manor, a 40-unit multi-family senior residential complex. Beyond Wildwood <br />Manor is the Silver Lake Woods Townhomes. North of the parcel, across County Highway 10, <br />higher density commercial has been developed. Thus, the proposed office building would not <br />be out of place and may even have less of an impact to the neighbors closest to the parcel, <br />Wildwood Manor. <br /> <br />5. The demonstrated need for such use. Residents continually comment that it would be nice <br />to have another sit-down type of restaurant in the City. (There are many restaurant options in <br />Mounds View, however most are of the “Fast food” variety.) The other most wanted uses <br />residents tend to identify are grocery, hardware and medical. It is my understanding that the <br />proposed office building on Outparcel A would be marketed to medical practitioners. Only one <br />such use exists in the City currently—Silverview Chiropractic in Silverview Plaza. A specialized <br />office development on this site could fill a niche not currently met in the City. <br />