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E~1I1~1UTES <br />City Council <br />pec. 11, 19c7 <br />R~.itz'ick i^r. (~argstrom did not feel tf~at Iona Lane has changed i'ts at't~tude frorn <br />?ro~osal that ~Jhich ~r~as oriuina1ly exprrssed. Fit the Plovember 6 wor!<shop Iona <br />(rpnt,) t_ane vaas just hactling the size of t.ha ~urfer, hu~ had not changed its <br />position. <br />P~ir. Jim Rutzic!< suggestPd t's~ai: tney roay be ab1e to ~nove the apartment <br />bu4ldina 30 to 3;? fee~t fur~th2r north. Rutzick reported 1:h<Zt tliey Yi~1v^ <br />not c(onP a co!npletF to4~o of 'tYie area, ilut th~y ~~o~.ild ~tr~~ to keep the <br />hci ght of thn bu~ 1 d~i ng at a mi ni rri.ar.i. <br />i~1r. Fal~ny as~;ed f4r. !~!i nter i f he ~v~r~ ~i n favor o~f the rezoni ng and <br />subdi v~i si on of 'ni s property. ~!i nter repl i ed that 'ne sdas and he vioul d <br />li!<e ~to nroceec! v~it.h h~1r. ~utzirk. <br />(~~rs. Scalze reported that according to a bond, book the C~ity receivect <br />1ast aaee!<, th2 City h~s 1,3~5 si~ngle fai~.rily hom~~s and 1,5£35 multi-family <br />units. Tha~t rat4o is aoout 54~'o r;~ulti-fainily i.mits. The "lar7~st taxpayer <br />in the City is P~lontreal Courts and t~ie second 1arqest taxpay~r is Ted <br />Gl asrud ancl P,ssoci ates. Scal ze stated tfia t th i s i s a~Siere she has br_en <br />corsi~ng from sinc.e the start o~P t'n9s pro~osal. Developing a~~rtmcnts in <br />~i~ttle Canad~ is not the sa+~,e as ifi ~they v~ere yoing to be developed in <br />another City. <br />PJardini ooirited ou~F.~tha~t according to this boo'< the~re are only 740 rental <br />units in the Ci~ty and other mul~ti-fa~rily un~its are o~~aned. <br />?•",r. Johnson of [~ud<er f,oi?~panies a~i>eared bafore th~ Coi~ncil. Johnson <br />r2por~ted f.hat his company is cieveloping o'ther nuilti-family units in <br />~he St. Paul /~1i nneapol i s!retro area. Johnson fel t~;tiat ari th th~ amount <br />of rent ~hat ~~!oi.~lc be charryed for these i.inits, th~re ~~doulci !~e v^ry fe~~r <br />fa^ii 1 i ~~ ren~,i nc7 and fery i'ew chi 1 dren i n th:~ uni ts. Johnson al su <br />reoorted ~:hat his company's other projects are very x~ell mainta~inecl anct <br />c`~i d not feel that tr~sh t~ioul d be a ~~robl em. <br />Johnson stat^d that 'nc~ ~rias not opposed t:o a reconfi~uration of the <br />nro,ject, bu~t stressetl tha~t th~ clensii;y was im~~or~t~rrt. Jot~nson also <br />suggested 'c'nat burming could be done on tne site. <br />Johnson also reoorted that curreritl~/ the sales of ta:~nhouses and condos <br />are s7ow. Johnson stated tnat the long-terr~ goal !voi.ild be to condo <br />the units. <br />~ahe~~ asked if t'nere rfas a aaay ~for the c{FVeloper to gi,iarantee t'ne City <br />~Lhat ~th~ units would go to con<los after a fe~~ years. Johnson sta'Ced <br />that tie cfi d not kno~~i no+.a i:o guarant:ee ttii s otlier ti~ian bui 1 di nn the uni ts <br />4•~tith the necessary sn.,uare foota~~e ~to do this. Johnson statec! that the;~ <br />could not. ciefinitely forecast that th~y svould com~ert the uni~ts in 12 ye~rs. <br />Scalze uoinL2d out tnit t'ne City is nart of a sci~ool district that li!<es <br />to close schools. Scalz~ furt;her E~ointe<~ out that aparte~ent d~;iellers <br />Page -fi- <br />