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Community Development Director Gladhill explained the InterFund loan has a current balance of <br /> $513K, and is being paid back by the General Fund/General Levy. If this transaction moves <br /> forward, staff will recommend the InterFund loan be paid back first, as much as possible, with <br /> the benefit of removing a debt service burden from the General Levy. Staff requested the <br /> Planning Commission consider the purchase agreement (purchase offer of $500,000) <br /> from Platinum Properties Group, Inc. for a 9.3-acre City owned property located just south of <br /> Vision Ease Lens for a 123,840 square foot industrial project and provide staff with feedback. <br /> Commission Business <br /> Commissioner VanScoy believed this was a great fit for the proposed property. <br /> Commissioner Nosan understood this development had a retail element and questioned if the site <br /> had adequate parking. <br /> Community Development Director Gladhill explained the site was permitted to have commercial <br /> retail recreation and had sufficient parking. <br /> Commissioner Nosan believed this was an exciting development. <br /> Commissioner Brauer agreed and wished this development was closer to The COR. <br /> Commissioner Andrusko was excited about the project, but had some concerns with the proposed <br /> terms. <br /> 5.04: Receive Update of Pearson Bowers Drive Concept(Project No. 16-31a) <br /> Presentation <br /> Community Development Director Gladhill presented the staff report stating the intent of this <br /> case is to provide a new update since this case was last reviewed on July 21, 2016. The <br /> Minnesota DNR has completed the Public Hearing and Administrative Law Review of the draft <br /> rules. The Administrative Law Judge has recommended approval of the rules, with the exception <br /> of provisions related to Native Plant Communities. Additionally, Staff has received additional <br /> feedback from DNR Staff on potential process related to this particular development scenario. <br /> As the Planning Commission is aware, Pearson Properties of Ramsey, LLC, is considering a <br /> detached single-family development along Bowers Drive. Staff recommended the Concept <br /> Development be submitted to the DNR as a Planned Unit Development for official comment. <br /> Commission Business <br /> Commissioner VanScoy asked if the proposed plan met all PUD requirements. <br /> Community Development Director Gladhill discussed the PUD requirements further noting the <br /> public benefit would be that a 50-foot piece of land would be given to the City to protect the <br /> existing tree cover. <br /> Planning Commission/September 1, 2016 <br /> Page 7 of 10 <br />