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Mounds View Planning Commission June 7, 2000 <br />Regular Meeting Page 20 <br /> <br /> <br />Mr. Peterson inquired regarding the value of the Midland Videen property. Commissioner <br />Johnson advised that developable property fronting Highway 10 was worth between $8 and $10 <br />per square-foot. Mr. Peterson inquired what this particular property was worth with only 3.5 <br />acres of developable land, and how this compared to the value of the City property. <br /> <br />Commissioner Johnson advised that there was a storm water pond located in the middle of the <br />City-owned parcel. Mr. Peterson stated that the pond would be removed. Chairperson Peterson <br />explained that with the pond in the middle of the parcel, it was not worth anything as commercial <br />property, because the pond must be relocated if the land is to be used, and there was no place to <br />relocate the pond unless the Midland Videen property was involved. Commissioner Johnson <br />commented that this was probably the best proposal the City would see on this site, in terms of <br />preserving the green space and other factors. <br /> <br />Mr. Peterson stated that this development would break up the continuity of the area. He <br />explained that this commercial development was proposed to be located in the middle of the City <br />Hall/ Community Center campus area. Commissioner Johnson stated that this was correct, <br />however, this developer was willing to work with the City in terms of a design, which is <br />consistent with the surrounding features. <br /> <br />Mr. Peterson stated that the previous year, a questionnaire was sent out to the residents to <br />determine what should be done with the City parcel, and in his understanding, there was a very <br />minimal response, however, the majority of those who responded indicated they felt this land <br />should be held in reserve. <br /> <br />Community Development Director Jopke stated that staff has met with an appraiser to obtain an <br />appraisal of both the City parcel and the Outlot, and they anticipate that by the end of the month, <br />further information should be available in this regard. <br /> <br />Chairperson Peterson inquired where in relationship to the wetland boundary the Midland <br />Videen property development could occur, if it were to be developed independently of the City <br />remnant parcel. Commissioner Kaden indicated it would abut the residential property. <br /> <br />Planning Associate Ericson stated that the Midland Videen parcel is 9.4 acres in total, of which <br />approximately 5 acres is upland. He advised that there were ways to reconfigure the wetland, <br />and if the wetland was all shifted to one side, with the consent of the Rice Creek Watershed <br />District, additional areas to the rear could be mitigated or combined with the uplands to create a <br />more feasible development scenario. He commented that this was a possibility, although it was <br />not anything that the City would like to see. <br /> <br />Planning Associate Ericson stated that site could be developed, and as all were aware, such <br />acreage on Highway 10 in such close proximity to the Twin Cities simply does not exist, and <br />they are presently seeing development on what was previously considered to be undevelopable <br />land. He pointed out that properties that were marginal, at best, were now being developed. He <br />stated that a couple of houses were currently being constructed in the City on properties that no