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City of St. Anthony Planning Commission Meeting Minutes February 15, 2000 • Page 3 1 Furthermore, Mr. Tankenoff stated that an accurate survey has not been obtained at this point, so 2 specific surveying figures were not available. 3 Tillmann noted that the City Council meeting minutes had indicated discussions about a possible 4 community meeting area and she asked for details from Mr. Tankenoff. He responded by stating 5 that it is his understanding that the citizens of the community desired a community space and this 6 concept is being considered. The initial concept considered would include a type of recreational 7 area, meeting area, and a gathering point such as a coffee shop; however, even though the con- 8 cept of a community space is a priority with the conceptual plans, Mr. Tankenoff cautioned the 9 community to hold realistic expectations. 10 Tillmann inquired how the community space would be financed; i.e., would the City rent the 11 space or would other options be considered. Mr. Tankenoff stated that such an issue has been 12 discussed with City Staff and that has not been resolved at this time. However, he was optimistic 13 that a solution could be arranged and ongoing discussions would not prevent the community 14 space concept from being developed. 15 Additionally, Mr. Tankenoff indicated that the Apache property may have an area for craft displays and craft shows and he felt this expansion in development would be beneficial for the 40 community. 18 Tillmann asked how much parking would be needed for the property. Mr. Tankenoff stated that 19 the property appeared to generate adequate parking and at this point, he did not anticipate the 20 needed for additional parking, such as a parking ramp. The total need for parking would depend 21 upon the type of clients that move into the building. 22 Melsha stated that a May 2000 closing time had previously been mentioned and he inquired if 23 that continued to be a viable date. Mr. Tankenoff stated that May 2000 is still the target date, but 24 the closing depended upon the conceptual plans. Ideally, Mr. Tankenoff stated he would like to 25 have identified some clients by that point and would like to plan construction to begin in the 26 Year 2000. 27 Thomas inquired if Mr. Tankenoff was concerned about competition for finding tenants for both 28 Apache Plaza and the development project on Stinson as well. Mr. Tankenoff responded that the 29 Stinson space is differentthan the Apache space and, generally speaking, would house different 30 types of clients. 31 Stille inquired about the absorption time frame that was anticipated for Apache. Mr. Tankenoff 32 responded that it was his intention was to meet with commercial real estate brokers to present the 33 project. After that point, it was his hope to make a meaningful dent in the tenant base within three to five months of marketing the project to the brokers. 35 Bergstrom inquired if Hillcrest Development's policy was to custom build tenant space before or 36 after a tenant signed a lease. Mr. Tankenoff stated the Company would custom build.the space