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MINUTES <br />CITY COUNCIL <br />SEPTEMBER 23, 1992 <br />The Administrator also pointed out that the development <br />agreement will include provision that the City has <br />access to records to determine whether or not there are <br />cost savings to the project and whether these savings <br />are accruing to the Little Canada project. We will <br />also have access to contracts involving fee <br />arrangements in order to assure that costs paid out are <br />"normal and customary". <br />LaValle was concerned about the affordability of the <br />units for some seniors and suggested that perhaps there <br />could have been less amenities such as the underground <br />parking or chapel or dining room to bring down the cost <br />of the project. LaValle was concerned that not many <br />seniors in Little Canada would be able to afford the <br />$460 per month rent. <br />Scalze pointed out that in the Garden Terrace project <br />not many of the residents are from Little Canada. The <br />City assumed that this was the case because the Little <br />Canada seniors had too high an income level to qualify <br />for the Section 8 housing. Scalze pointed out that <br />Garden Terrace covers the low end of the scale, and <br />perhaps the seniors in the middle are being missed. <br />LaValle stated that he realizes that construction costs <br />are high, but was concerned that the project being <br />proposed would not be affordable to a lot of seniors <br />who would like to live there. <br />Hanson pointed out that seniors who are still <br />maintaining their own homes will have to decide if it <br />would be more advantageous for them to continue to <br />maintain their homes and pay taxes and maintenance on <br />these homes, or give up their homes and move to the <br />senior apartment development. <br />Scalze questioned whether the City can service all <br />seniors. <br />Lindh pointed out that seniors with incomes under <br />$15,000 would qualify for Section 8 housing at the <br />Garden Terrace complex. Lindh also reported that there <br />is a voucher system through Ramsey County where seniors <br />of this income level would be able to qualify for <br />housing at the Presbyterian Homes complex under a <br />subsidy through the County. Lindh reported that there <br />are 265 names on the waiting list for the project, and <br />of those 265 it appears that 4 would require the <br />County's voucher assistance. Lindh reported that if an <br />individual is in need of that voucher program, it would <br />be up to the individual to contact the County. <br />Ippel reported that she has assisted in the financing <br />of similar senior projects in Maplewood and North St. <br />Paul, and she has not heard about any problems with <br />Page 8 <br />