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HomeMy WebLinkAboutgr00090_000022_pg10- 3 - Mayor Rustad commented on his desire to see an orderly meeting. He stated that all persons would be recognized. He then called for all petitions for or against the rezoning to be presented to the Council. Norman Chervany, 2595 Woodcrest, presented a petition with approximately 540 names against the rezoning. Parcel #1 - #59- 0070 - 010 -80, #59 -0070- 010 -81 and #59- 0070 - 010 -84 Perry Copeland, the attorney representing the developers, then proceeded to make his presentation. He stated he was representing Red Oak Estates which consisted of Anthony Holchuh, Thomas Swanson, Keith Karstad and White Oak Builders. The area to be rezoned approximately 74 acres. Fifteen typical blocks at present to be developed. The area could contain a potential 230 to 240 single family homes. Initially the developers wish to construct approximately six complexes, four 30 unit buildings to a complex, with a buffer zone of 120 feet to be constructed on the West edge of the property. This buffer zone will contain a five foot mound and hedge. To buffer the South, single family residences would be provided. Relative height of homes versus apartment buildings was discussed by Mr. Copeland. He stated a 2 1/2 story building is 23 feet high. A rambler typically 16 feet high. A 1 1/2 story building typically 22 feet high. These buildings would be 23 feet high approximately. One bedroom units would have a square foot living area of 795 square feet. Two bedroom would have either 965 square feet of 1,025 square feet. There would be indoor pools, security system, saunas and barbecues provided. Proposal initially would contain 680 proposed units. Expected tax revenues were discussed. Mr. Copeland cited a survey taken in New Brighton recently of twenty sights. Apartment survey found approximately 2.3 persons per unit. It was found that there were approximately 16 school age children for each 100 units. Mr. Copeland then said the cost for each complex of four 30 unit buildings would be $1,850,000.00. Total cost of the initial project would be approximately $10,000,000.00. In 1968 Mounds View levied $39,200.00 in Village taxes. The new complex would produce school taxes of $333,200.00 per year. Total taxes of over $466,000.00 per year. Estimated cost of educating one student was $500.00 in 1966. Estimated cost of educating 109 children fromtthe New Brighton survey would be $65,500.00, 1/5 of what would be paid in school taxes. Mr. Copeland also presented a letter from the Engineer stating the water and sewer was available. Mr. Copeland then mentioned the savings on billings and streets by constructing multiple dwellings versus single family homes. Mr. Copeland stated that connection charges on sewer alone would be over $136,000.00. The complex would produce approximately $6,500.00 more in sales tax revenue. Financing is now available from North American Life Insurance Company. Construction would like to be started in the spring or early summer of 1969.