11/09/1987 Council Packet - Laserfiche WebLink

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* In times of depression low -value home sales decline. Prosperous people can continue to build homes. Future starter homes will likely be used houses in first and second ring suburbs. * If Lino Lake's goal is to increase its population as fast as possible, it should lower its mobile home park requirements and contact Blaine mobile home park owners about building parks in the city. This is one part of the lower -value home market that will increase. * High value homes pay property taxes that increase geometrically over lower cost houses. The $150,000 house does not pay twice what a $75,000 house pays but something like four times as much. * Persons living in higher value dwellings require fewer government services than persons in low income residences, e -g Otter Lake Estates vis-a-vis Lino Apartments. * From a services/tax base point -of -view the worst possible situation is low value, low density residential development. * Low value housing will keep high value housing away. * Lino Lakes will have to be more active in determining the housing it wants - if it wants anything other than mostly low cost housing. * Commercial and Industrial development is attracted to areas with good quality housing i.e. Eden Prairie, Plymouth. Here are some options for the city to consider. 1. Do nothing. Lino Lakes isn't such a bad place right now. In fact it's pretty nice. We have a wide range of "housing opportunities". Don't change anything. 2. Increase minimum standards for lot sizes and house sizes. Require a two car -garage - many cities do. Require some landscaping in residential areas. This will announce to everyone that if higher value dwellings are built in Lino Lakes, the values will be protected, i.e. no one will be able to build cracker -boxes next door. 3. Establish an "executive housing" zoning district. Again. other cities have done this successfully. In Page 3