04-23-1997 Council Agenda - Laserfiche WebLink

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MINUTES CITY COUNCIL APRIL 16, 1997 increased rental revenue. Scalze pointed out that Little Canada participates in the Livable Communities Act, and that the City is above the level of affordable housing that it is required to provide. The City is already doing more than its share in this area. Therefore, Scalze opposed increasing this percentage. Brachman indicated that rent levels will stay where they are at whether the City approves an increase in tax credits or not. However, over time rents will increase. LaValle and Pedersen indicated that they supported an increase to the 65% tax credit level. Scalze suggested that staff obtain police call information for the apartment complexes in the City. Fahey felt it was good any time the City can encourage an investment in an apartment complex. Fahey also felt that Dominium would do the appropriate background checks on prospective tenants to ensure that good citizens lease these units. Scalze expressed concern that rents at The Provinces are less than rents at Montreal Courts. Brachman replied that Dominium is not artificially depressing rents because of the tax credit issue. Fahey pointed out that Dominium is aware of the Council's concerns about affordable housing, and asked that Dominium provide the City with written commitments on how they will manage the complex. Urness agreed. Scalze reported that Montreal Courts management is doing a good job managing this complex, and there are still problems at the complex. Scalze again indicated that she would be interested in a comparison of police calls at the various apartment complexes. The City Administrator indicated that he would place the tax credit issue on the April 23`d regular meeting agenda for ratification. Information which will be provided to the Council will include information on police calls as well as Dominium's management plan for the complex. Page 116