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Excerpts from Plan Commission Minutes of July 1,2010 continued: <br /> overuse of this location at his expense. Zoning laws are meant to protect the value of properties. We <br /> need protection. The developers need to comply with the Ordinance. <br /> Mr. Dave Drobisch, Certified Residential Appraiser, was sworn in by Mrs. Poland. <br /> Mr. Drobisch stated he was asked by Mr. Casey to do a market and impact study to see what kind of an <br /> impact this type of development would have in a residential area, primarily his property. Some of the <br /> things he looked at were the impact on traffic and what impact the three (3) story building would have <br /> on Mr. Casey's property. The height of the three (3) story building, even with the landscaping, will be <br /> the main impact on residential values. He said he tried to find similar areas in Decatur and did not find <br /> anything comparable to this development near a residential area. The closest thing he found was in the <br /> Target area where there was only one (1) sale after the project was completed which does not show a <br /> trend; however, that property showed a loss of about fifteen(15) percent. <br /> Mr. Drobisch said he also checked with other communities in central Illinois through his appraisal <br /> association and found there have been some limited studies on the impact of residential properties of <br /> where there has been R-6 and B-2 type developments built. This study was done in the last ten (10) <br /> years and furnished a range of information showing about ten (10) to (15) percent decline in residential <br /> values. He also looked at different sites where assisted living units have been built and he found that <br /> almost all of the other assisted living facilities have been built on larger sites with much more green <br /> area and more distance between residences. <br /> Mr. Drobisch said it would be extremely difficult to give an actual loss or impact that this development <br /> will have on the residential area but with what limited data he did get he thinks it will be between ten <br /> (10) and twenty (20) percent. He stated this is again, very limited data to back this up but he does feel <br /> there will be an actual impact. <br /> Mr. Edwards asked if Mr. Drobisch had ever run across a property increasing in value due to retail <br /> properties coming into the residential area. Mr. Drobisch said there has been evidence of appreciate <br /> values but not where the development is right up next to the residential homes. The homes that <br /> appreciated were a couple of blocks from the development. Mt. Zion and Forsyth areas are examples <br /> of this. <br /> Mr, Mickler asked if Mr. Drobisch took into considerable the change in the market value of the home <br /> by the Target development that decrease fifteen (15) percent. Mr. Drobisch said he could not separate <br /> it. There is not enough data. <br /> Mr. Casey said the development is not compatible with the area. If the developers want to build a <br /> three (3) story complex, fine, go let them build it someplace where it is compatible. No other facility is <br /> built on such limited space. They do not have sidewalks for their residents who will be in wheelchairs. <br /> Mr. Casey would like the Plan Commission to reject this proposed development. There is no other <br /> facility that he is aware of that is built on such limited space. Mr. Casey said to at least limit it to a one <br /> (1) story building. This three (3) story building will be the biggest building around. <br /> Mr. Casey said there is a natural buffer on the property that filters out the noise and the lights of the <br /> Wa1Mart development; if this is knocked down that will be gone. <br /> Mr. Casey said that a potential buyer of Mrs. Scherman's property backed out of the deal because of <br /> the proposed development. <br />