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1 �> Planning Commission Regular Meeting Minutes December 19, 1995 Page 2 1 Chair Bergstrom opened the public hearing at 7:06 p.m. Ms. Kim Moore-Sykes, Management 2 Assistant, read the report to the Commission: 3 Mike Miller, owner and partner of Chandler Place and St. Anthony Care Center, 3700 Foss Road, 4 is requesting that Lots 8, 9, 10, 11,and 13 that comprise this property,be replatted to form two lots, 5 proposed Lots 1 and 2. This request is being made primarily to avail himself and the partnership of 6 lower bond interest rates for Chandler Place. Initially, the plan was to combine the lots into one 7 large lot, but an addition is being planned and drawings for that addition could not be completed in 8 time to meet the deadline for the refinancing requirements of HUD. 9 Also,this property is classified as Torrens property, which means that if the owners of the Chandler 10 Place and St. Anthony Care Center want to continue with metes and bounds legal description, they 11 will require the approval of the City Council to forego the platting process. Ramsey County has to 12 be advised as well and their approval process may take an additional two to three months. 13 Staff recommends the approval of the proposed subdivision of land. Not only will replatting allow 14 the partnership to take advantage of lower bond interest rates, it will allow for the creation of lots 15 that conform to the lot requirements of the City Code. This recommendation is based on the 16 condition that the owners provide a final plat according to the requirements of the City Ordinance 17 for consideration by the City Council at the March 26 City Council meeting. 18 19 Chair Bergstrom inquired what the difference is between Torrens and fee simple property. Ms. 20 Moore-Sykes explained that the County must first decide if they will allow the property to be divided 21 without a plat. She stated she does not fully understand the difference between Torrens and fee 22 simple property. 23 Chair Bergstrom inquired if the County has decided yet if they will require a plat. Ms. Moore-Sykes 24 stated they have not yet heard from the County as of yet. 25 Mr. Mike Miller of Chandler Place and St. Anthony Care Center,stated he is a partner with his wife, 26 mother-in-law, and 14 other individuals. He stated St. Anthony Care Center was built in 1966, and 27 that Sage Company manages the complexes, in addition to 14 other nursing homes. He stated the 28 Care Center has a annual payroll of 3.8 million, and is likely St. Anthony's largest employer. Mr. 29 Miller stated the Care Center and Chandler Place can serve 430 clients, with 134 nursing home beds 30 and 119 apartments. 31 Mr. Miller stated there were two reasons for the subdivision request; (1)to take advantage of lower 32 interest bond rates and refinancing; and, (2)to allow for the creation of lots that conform to the lot 33 requirements of the City Code to allow for an expansion and redesign of the Care Center.