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Mounds View Planning Commission March 7, 2018 Regular Meeting Page 3 ________________________________________________________________________ needed. He reiterated that all of the numbers were merely projections. He reported the TIF District could be shortened if more value was achieved than projected. Commissioner Monn questioned how the developer benefited from continuing to pay. Mr. Lehnhoff explained the developer would continue to pay property taxes on the project, but would receive a check in return based on the increment. Commissioner Klander asked if the first part of the Resolution had to do with TIF. Mr. Lehnhoff reported the entire Resolution revolved around TIF. He commented the modification to the Redevelopment Plan would allow for a TIF District to be created. Chair Klebsch inquired if a TIF District could be disbanded if the project were to fall through. Mr. Lehnhoff stated the City would not be locked into this project and noted the TIF District could be disbanded. Commissioner Klander requested further information on the process that was followed for the “but for” test. City Planner/Supervisor Sevald described the analysis that was conducted by staff. Mr. Lehnhoff commented the City also needs to consider if workforce housing was compatible with the Land Use Plan. Commissioner Monn commented on the City’s 2008 Comprehensive Plan. She noted one of the goals for the City was to consider commercial development and redevelopment along County Highway 10 to broaden the tax base and expand the employment base. Another goal was stated as being to ensure future development and redevelopment was compatible with the natural environment. She believed that the proposed project fell outside of the strategic goals for the City. Commissioner Stevenson stated he believed the Boulevard project would fit with the plans for the County Highway 10 corridor. He indicated even if TIF was used for a multi-family housing development this was still within the City’s plan for the corridor. Commissioner Monn asked how this project aligns with the City’s vision for a broader tax and employment base. City Planner/Supervisor Sevald explained the proposed 60-unit apartment building would have around 112 residents. He commented a certain percentage of that population would be of working age. In addition, maintenance and management workers would be brought on to work at the complex. Commissioner Stevenson commented further on this history of this property and the goals for redevelopment. Chair Klebsch summarized the Comprehensive Plan was calling for more job creation along the County Highway 10 corridor but noted the zoning for this property also allowed for multi-family housing. She questioned how this project conforms to the original goal as stated in the Comprehensive Plan. City Planner/Supervisor Sevald discussed the reality of the commercial market and noted housing was a more realistic goal for this property.