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Planning Commission Regular Meeting Minutes November 15, 1994 Page 9 1 setback,physically they will not be able to have the size of product area they need to have for the 2 project to be economically feasible. 3 At 7:37 P.M., Chair Gondorchin then opened the public hearing for the variance request for a 4 zero lot line which will allow the proposed Knox Lumber to be constructed adjacent and 5 connected to the remaining Apache Plaza Mall and a request for a conditional use permit for 6 outside storage of building materials. 7 Chair Gondorchin read a letter received on November 13, 1994 from Gary and Katie Simons, 8 1512 2nd Terrace S.W., expressing their enthusiastic support for.bringing CUB Foods and Knox 9 Lumber to the community. They stated that they believe that these two quality establishments 10 can provide the boost that Apache Plaza desperately needs and they are concerned about the 11 future of Apache Plaza without the addition of these businesses. 12 Eileen Spano, Representative of Saint Anthony Court Homeowners Association, expressed their 13 organization's enthusiasm and gave their vote of approval for the project. 14 Lowell Timmersman, 3221 Wehdhurst, a 20 year resident of St. Anthony, thanked Cashway 15 Lumber and CUB Foods for considering Apache Plaza, for spending money that creates jobs, helps pay taxes and makes jobs for our children. He said it is a great program and is looking forward to having the businesses in the village. 18 George Wagner, Representative of the St. Anthony Village Kiwanis, strongly supports the 19 expansion of Apache Plaza to include the addition of businesses such as Knox and CUB Foods 20 stores. On November 3, 1994, the St. Anthony Kiwanis Board of Directors voted unanimously 21 to support this project. They believe several benefits accrue to the community from these new 22 stores, and consider the following high on the list: 1. Hundreds of new jobs will be available, 2. 23 Two excellent new business citizens in the community, 3. More support for education through 24 higher tax revenue,4. A wider variety of stores for shopping convenience, 5. Higher property 25 values due to proximity of shopping, 6. Increased tax base will ease tax pressure on local 26 residents and businesses. Kiwanis urges all residents of St. Anthony to support the process of 27 enabling these stores to be established in the Village. 28 Frank Budnicki, 3124 Wilson St.N.E., expressed his agreement with all that had been said. 29 Roy Genaw, 3404 Roosevelt St.N.E., a 40 year resident of St. Anthony, stated he was one of the 30 people who was involved in bringing Apache Plaza into the Village 35 years ago. He requested 31 to have the tax increments of the projects explained, including how much was to be borrowed, 32 amount of time, anticipated rate of interest, and what the money is going to be used for. City.Manager Mornson explained that the following numbers have not been approved by the City Council as of yet, as that is one of the last steps in the process. The amount of money that is 35 anticipated to be borrowed for this project is $3,100,000. Net proceeds are anticipated to be