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Mounds View Planning Commission February 2, 2005 Regular Meeting Page 4 ________________________________________________________________________ Director Ericson explained that Institutional would be for a school or government type building as opposed to something that would be privately held or an office campus setting. MOTION/SECOND: Miller/Stevenson. To Approve Resolution 783-05, Resolution Recommending Approval of a Comprehensive Plan Amendment From Outdoor Sport Recreation (SRO) and Passive Open Space (OSP) to Office (OFC) for the Bridges Redevelopment Site; Special Planning Case SP-134-05. Ayes –4 Nays – 0 Motion carried. _____________________________________________________________________________ 6. Consider Resolution 782-05, Recommending Acquisition of 2394 County Road 10, Donut Connection Community Development Director Ericson stated that the City Council had asked the Planning Commission to look at the option available to the City to acquire the Donut Connection, which is located at the intersection of County Road H2 and County Road 10. He indicated that the Donut Connection had originally approached the City in regards to selling the property because they understood that the City had a possible desire to redevelop the intersection. He also mentioned that there are intersection realignment plans already on file from the 2002 Corridor Improvement Plan prepared by URS. Director Ericson affirmed that the acquisition would be consistent with the City’s desire to improve the function of the corridor and to also improve land uses on the corridor. He mentioned that the City Council had discussed this possible acquisition at their last work session and they believe this opportunity to have potential. He acknowledged that there is a drawback in that the parcel is only 20,000 square feet and, as a stand-alone building, probably does not allow for much redevelopment. He added, however, that the adjacent gas station might be willing to sell and that the City could explore that possibility. He stated that the asking price for the Donut Connection is less than the Ramsey County assessed value so the City would be interested from a redevelopment standpoint. He added that the dollars that would be used to purchase the site would be TIF dollars. He informed the Planning Commission that his item would be at the City Council’s next work session and that the Council would like the Planning Commission’s input. Chair Stevenson pointed out that the future land use map shows the address as 2386 rather than 2394. Director Ericson confirmed that it is 2394, and he would make that change. Commissioner Miller expressed that there are some people who think the City should not be in the business of buying property and asked where the money for this comes from. Director Ericson responded that if it were not for governmental involvement, some projects simply would not happen, and that sometimes you must utilize tax increment dollars to help the process along. He added that this is the one redevelopment tool that the State provides to cities to help with redeveloping properties. He explained there are three TIF Districts in the City, and