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Show K mart gets city shopping list FARMINGTON Approval to build a K mart store on Shepard Lane and Highway 89 was granted Wednesday by the city council with the stipulation that the developer meet a list of conditions. Drawn up by the council and the city's planning commission, the shopping list of conditions included requirements that the developer construct acceptable lighting, access roads and landscaping. In addition, before the shopping center can be opened, the city must widen west Shepard Lane and in- 1 i stall a storm drain system and a larger culinary water line. The city's projection, for development de-velopment and improvements, will cost between $277,000 and $312,000 over the next two years. The developer, GFI in will have to pay between $58,000 and $83,000 in impact fees, which will go toward overall development and improvement costs. However, the city will have to pick up the rest of the tab by dipping into future state road funds, and some of the sales-tax sales-tax money from other stores. Final approval will be granted when the city and the developer can agree on the cost for water line and storm sewer drain development, and street improvements. Despite initial cost for the K mart construction, city manager Max Forbush said the store will generate between $49,000 and $88,000 annually an-nually in sales taxes to the city, depending on the store's sales volume. vol-ume. Moreover, it will pay about $6,500 a year in property taxes and between $5,000 and $8,000 annually annu-ally in utility franchise fees. $ . . |