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Planning Commission Meeting Minutes December 17, 2002 Page 6 indicated the landscaping details would come back to the Commission at a future date. Commissioner Hanson asked if Mr. Brewer was working with the City to purchase this property. Mr. Brewer stated he is in the process,of putting together a preliminary plan and development agreement to go forward with the purchase of this property. Commissioner Hanson asked for the purchase price of this site. Mr. Brewer stated this property would be $150,000. Commissioner Hanson asked for the total cost of this development and what tax implications it would have for the City. Mr. Brewer indicated the proposed development would run around$4.5 million with roughly$100,000 in tax revenue yearly for the City. Commissioner Tillman questioned if LaNel would be interested in going forward with the development without the variance. Mr. Brewer stated he has tried to move the building, but because of the small lot, he felt this was the best location and placement of the building for this lot. Commissioner Thomas indicated he felt this was a lovely development and noted it would compliment the St. Anthony Shopping Center. He noted his only concern was if St. Anthony seniors would be able to afford the proposed rents. Chair Melsha thanked Mr. Brewer for his presentation and stated this was a great looking building as proposed. He noted Mr. Brewer would be back before the Commission in January or February with further plans. 9.2 Discuss Second Hand Goods/Pawn Shop Ordinance Amendment. Ms. Hall explained that the City Council has asked the Planning Commission for a recommendation on a revised Second Hand Goods Dealers ordinance and a new ordinance regulating pawnshops in St. Anthony while a moratorium has been placed on issuance of any aforementioned licenses. As stated at the October 15, 2002, Planning Commission meeting, the course of action likely is that the City's second hand goods dealers' ordinance will be revised and the new pawnbroker ordinance will be adopted. Ms. Hall noted the proposed pawnbroker ordinance was drafted by Chris Smith of Dorsey and Whitney. Chair Melsha asked that Mr. Smith walk the Commissioner through the draft ordinance. Mr. Smith stated the proposed ordinance deals with pawnbrokers and not with secondhand good dealers. He stated this could be combined or modified if so desired by the Commission. Chair Melsha asked if there are the same concerns between pawnbrokers and secondhand goods dealers. Mr. Smith stated pawnbrokers could be having more criminal activity in dealing with stolen goods but stated secondhand goods dealers are not exempt from these .activities. He indicated he felt the city would be wise to license both of these operations.