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Special Session 935, ~inutes June 23, 1969 Page 4 they would prefer to have the food operation, which makes for a total operation, but would probably proceed in this instance. Councilman Lieberman pointed out that the rezoning request is for 21 plus acres, whereupon Hr. Guidera said his company would be acquiring the total acreage, but do not have a plan at this time for the total - they now plan to develop 17 plus acres. Councilman Lieberman observed that rezoning the balance of 'this acreage would not give the Council any basic control - there is a group of uses under B-3 that would be allow- able to the petitioner under the conditions. Pursuing that line, Coun- cilman Lieberman asked lit. Guidera whether they would go along with the rezoning of only the 17 plus acres at this time and Mr. Guidera replied that he believes they ~uld and he added he does not foresee any diluting of the property further than it is right now; they believe the 17 plus acres is proper as it is proposed right now. Continuing to answer ques- tions, 1-~r. Guidera said their experience has been that the operation of their Target Stores has attracted new businesses and have raised property values across from them and adjacent to them anti, here from 50% to 250%. He quoted dimensions of the proposed building, the total area being ap- proximately 151,000 square feet. Mr. Sandberg identified the location of the ~qo compaction units on the drawing. I!e said they would probably have about 350 full time employees which means 40 hour people in the daytime and 24 to 28 hour regular people at night. In reply to Councilman Werner, ~. Guidera said they do not anticipate at this time filing suit against the City if it does not rezone the property. Mr. Boeger invited Mr. Harold Dubinsky, a real estate developer, to com.~ merit and Mr. Dubinsky said he understands ~y the Plan Camaission changed the zoning and although it would be nice to have high rise apartments, the City must be realistic - change in the zoning does not necessarily mean that purpose will be achieved, and in light of the high money mar- ket today he questions the wisdom of building such apartments in this location. He said the Target Store would be a convenience to the people of University City and should be welcomed and, in his opinion, that would be the best use of the property. Mr. Nelso discussed the market area responding to a question by the Mayor. I{ro Boeger introduced }~. Frank :.ain, formerly President of the Citizens' Bank of University City who supported the Target proposal, and said he feels the City needs more people - more employment. Mr. Boeger then called upon Mr. Tom Green. Mr. Green said he had ap- peared at a Council meeting a few weeks ago and the local news media wrote an article on his appearance, aD~ in reading the article it would appear that he had some personal or financial interest in the Target development. Mr. Green said he wants to make it clear that he has no interest, either personal or financial, in thi: development and came to the meeting (previously) thinking the matter would be on the agenda and being a property owner and attorney in the Clt~,'- former member of the University City Chamber of Commerce and a Director of the Citizens' Bank, among other things~ he has some interest in what is going on in the City. He said he is appearing tonight with that same interest. He spoke in be- half of the Target Store development and said he thinks Councilman