1982-01-26 - Laserfiche WebLink

Home Browse Search

I To: Mayor of City of New Brighton & Members of the City Council January 26, 1982, page 2 Any "down zoning" of this property shall adversely affect the value and the marketability of this property in the future should a sale become necessary. Certainly, one would not expect a very high demand for a single family home buyer to be interested in this property, not only because of the economics involved to convert, but also because of the heavy traffic on Silver Lake Road. I understand through a conversation which our Vice President, Carol Weber, has had today with Ms. Joan Archer, City Planner, that this "down zoning" would not restrict us from selling the property to another office user and that we would not need any permission or approval from the City Councilor any other municipal body but that the only time the property would revert to residential use is if 50% of the building is damaged by fire. If this is true, I wonder what the City has to gain by going through the procedure of "down zoning" the property, since, hopefully, a major fire has limited pro- bability of occurring. Nevertheless, the possibility of a major fire occur- ring wherein we would be forced to relocate rather than rebuild substantially reduces the current value of the property and the value to any future pur- chaser. The costs of relocating and the loss of our company identity because of this location create immeasurable costs to us. I We therefore oppose the proposed rezoning of our property and urgently re- quest that you do not take action which will diminish the value or future marketability of our property. Very truly yours, fJJ /0.~J--&~~~ ~.;t;;: c. Berme 1 President (for Philip C. Smaby, Owner) BCB:cjc I