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Mr. Copeland stated that the project would be started the summer of 1970
provided the financial market remained approximately the same. The townhouse
construction would start in the summer of 1971 and the commercial property
would begin to be developed when 407, of the living units in the remainder of
the project were occupied.
Valuations: Value of the R3 area was estimated at 8.1 million dollars. Value
of the double bungalows $960,000, the limited business $350,000, townhouses
1.2 million dollars, single family homes 3.6 million dollars and shopping
center 1 million dollars, giving a total market value of over 15 million
dollars. Mr. Copeland stated that this would yield annually a tax of over
$410,000.
Mr. Copeland stated that a sample was taken in Mounds View and the average
tax was $376.54 on a single family home and multiple dwelling taxes averaged
$492.47. Mr. Copeland stated that for the purpose of this study let us assume
that a single family home pays an average tax of $400.00 and a multiple dwelling
unit pays an average tax of $500.00. Since 70% of the tax dollar goes to
schools and since there is approximately .16 school age child in each multiple
dwelling unit and since it costs an average of $600 to educate a school age
child in School District #621 the multiple dwelling units pay an average school
tax of $350 per unit and it costs approximately $96.00 per unit to educate
each school age child. The single family home pays a school tax of $280.
Therefore there is a net loss of over $200 on a single family home. The
real estate taxes to the Village would be approximately $40,000 per year if
this project were approved, plus the Village would get approximately $12,000
in shared taxes, sales taxes, cigarette and licenses, gasoline taxes, etc.
Traffic: Mr. Copeland stressed that there would only be access to County
Roads and that no traffic would run past any single family homes with the
exception of some R2 development on Woodale Drive. Mr. Copeland stated that
this project met the needs of middle income families. The engineers stated
by letter that there were facilities for utilities. Mr. Copeland said there
was a good buffer zone and that not only was the health and welfare protected
but it was enhanced.
A11 of the following questions were directed to and answered by Mr. Copeland
unless otherwise noted.
Mayor Rustad called for questions from the floor. John Robertus, 2055 County
Road H, objected to the presence of a court reporter. Mr. Copeland stated
that the Court reporter was present in case the decision of the Council was
adverse to his clients and they felt it was necessary to seek recourse in
the courts.
Henry Dyslin, 5092 Brighton Lane, stated that he felt the citizens were
acting small townish and that he felt that there was nothing wrong with
the presence of the Court reporter. Richard Paradise, 5191 Eastwood
Road, stood and stated that he had no attorney present and that his (court
reporter's) notes would be recognized by the courts and that it would be unfair
to him since he was not represented by an attorney and cautioned as to what
he could say.
James Nerdahl, 7941 Edgewood Drive, stood and stated that he felt the statements
in regard to a recourse should be stricken from the record and Mr. Nerdahl noted
that a tape recorder was present at the meeting also. Gordon Ziebarth, 5150
Bona Road, felt that the recorders presence was threatening to the Council.
Henry Dyslin stated that he felt the people should find out where they stand,
that if someone has threatened them don't get mad when they threaten you. Mr.
Copeland stated that if the Council had decided to ask the recorder to leave
that his clients would abide by their decision.