03-26-1997 Council Agenda - Laserfiche WebLink

Home Browse Search

515 Little Canada Road, Little Canada, MN 55117 -1600 (612) 484 -2177 / FAX: (612) 484 -4538 March 19, 1997 TO: Mayor Fahey and Members of the City Council FROM: Kathy Glanzer, Administrative Assistant RE: The Provinces Tax Credit Issue MAYOR Michael I. Fahey COUNCIL Beverly Scalze Jim LaValle Steve Morel= Bob Pedersen ADMINISTRATOR Joel R. Hanson I received a call today from Mary Ippel of Briggs & Morgan requesting the tax credit issue relating to The Provinces financing be removed from the March 26th agenda, and the matter be discussed in a more informal setting. It was Mary's feeling that holding the discussion in an informal setting would be beneficial to both the City and Dominium. I discussed this request with Mayor Fahey. It was his position that the Council should take the formal position that it does not support 100% affordable housing at The Provinces. Mayor Fahey requested this formal action be taken at the March 26th meeting. Once that action has been taken, he would be willing to sit down with Dominium in a workshop setting to discuss what percentage of affordable housing would work. One piece of information Mayor Fahey requests Dominium provide, and which can be used as in considering their request for a higher percentage of affordable housing, is the percentage of tenants which met affordable housing income levels at the time the financing was first applied for. Therefore, two actions required of the Council Wednesday evening. The first is a resolution declaring that the City Council does not support the designation of 100% affordable housing at The Provinces. Secondly, the Council should set a workshop meeting to discuss the issue with Dominium and request documented information which provides the percentage of tenants at The Provinces which met affordable housing income levels at the time the financing was first applied for. A suggested date for the workshop meeting would be Wednesday, April 2". Page 29