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Planning Commission Meeting Minutes July 17, 2001 Page 9 like size and complexity and provide their findings to the Commission. 2 Comment: All of this will take more time and push out the current schedule. In my opinion a 3 push out of a few months in schedule would have been significant 10 years ago for this site but 4 not today. s Chair Melsha asked Mr. Prosser to elaborate on some of Mr. Nelson's points. 6 Mr. Prosser stated that the change in the tax structure puts a general education levy back on the 7 state. He added that, in any case, they need to look at the specific proposal. Mr. Prosser gave s an example of 300-unit in Richfield that had no effect on the school system. He indicated that 9 Police services are driven more by retail and corporate. He identified the questions as good 10 and that they should be noted. Mr. Prosser added that even doing nothing is not a zero-impact 1 t option. 12 Jake Kenwalder, who owns a property within the discussed area, came forward to address the 13 Commission. He stated that notification for the public hearing was not done properly. He 14 stated his concerns were financial, and that he had received a copy of the tax increment 15 financing funds that were available. He stated that the numbers he received did not account for 16 cause and effect of buying businesses and buildings. -He was concerned-about not knowing = 17 how the cost and cash are going to be established and believed it was reason for not moving 18 forward. He stated that the actual cost of the property is the problem. He identified the 40% 19 shortfall and the cost factors involved in this project as the reasons why he does not see it 20 possible to move forward with the project. He stated he has owned an office in the City of St. 21 Anthony since 1972. He concluded that, if the 40%can be remedied, he would love to see it 22 happen, but said he would be happy to see the City wait for a year, or more and let the 23 financing get straightened out. 24 Mr. Shardlow stated that the public hearing portion of this is not to be approving anything, but 25 to recommend moving forward. He stated that they need to see if a real proposal is going to 26 happen. . 27 Commissioner Hanson asked if there was a cost associated with the City in order to move 28 forward. Mr. Shardlow stated that they have essentially completed the work that was in their 29 contract. 30 Kenwalder added that he was not the one to call it a public hearing. 31 Resident Billie Deveaulack asked if the Northwest Quadrant was zoned commercial. Chair 32 Melsha stated that it was not all zoned commercial. She asked if there was anything to prevent 33 a property-owner from selling their property. Mr. Prosser stated there was nothing to prevent 34 a property-owner from selling their property to any developer at this time. He added that the 35 reality it would be very difficult for a developer to come in at this time and do piecemeal 36 development.