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<br />~ <br /> <br />Tax-Exempt Mortgage Financing <br />Page #4 <br /> <br />b) Generation of limited amounts of traffic. Both <br />in relation to type of vehicle and number of <br />trips. ' <br /> <br />Mr. Moen has indicated to staff that large truck <br />traffic would be minimal with 1-2 trucks/week. <br />other deliveries would be handled by smaller <br />van-type vehicles. Remaining traffic would be <br />mainly employee automobiles. In general, traffic <br />would not appear to be a problem and certainly <br />comparable with other Light Industrial uses. <br /> <br />c} The direct benefit to the City's citizens. <br /> <br />The benefit to the citizens is that an existing <br />city business, B & Y Metal, would remain in the <br />city which means a retention of employment as well <br />as an anticipated increase in employment. In <br />addition, I would anticipate a higher tax revenue <br />from the developed property versus its use for <br />residential purposes. <br /> <br />d} Retention of employment which might otherwise <br />leave the community. <br /> <br />See lIClI abo~e. <br /> <br />e} Competition witri existing retail establishments <br />will be discouraged except for purposes of <br />redevelopment. <br /> <br />To our knowledge the proposed use of the property <br />is and would be unique within the City of New <br />Brighton. <br /> <br />f} Special construction and built-ins which will <br />preclude alternate uses will not be included in <br />the financing. <br /> <br />The proposed building appears to be comparable <br />of many office/warehouse projects and therefore <br />it should be relatively easy to convert the <br />building to support alternate Light Industrial <br />type uses. <br />