09/14/2005 P&Z Minutes - Laserfiche WebLink

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Planning & Zoning Board September 14, 2005 Page 16 APPROVED MINUTES final plan consists of the building plan for th e apartment building as well as the final plat for the lot (Village No. 4). One of the goals of the mixed use downtown is to provide a variet y of housing types and costs to meet life cycle housing needs that ar e not currently available in Lino Lakes. The development agreement between the Lino Lakes Economic Development Authority (EDA) and Hartford Group, the developer of the workforce housing, includes housing covenants. The housing covenant s include an affordability cl ause that requires that 20 percent of the housing units built on the development property as a whole must beet affordability requirements. Of that 20 percent, 67 percent must be rental units that meet the income and rent requirements for federal low-income tax credits. This 60-unit workforce rental housing meeti ngs the 67 percent requirement. In addition, affordable rental housing must meet the following requirements: 1. The developer must retain an experi enced, professional property manager, approved in writing by the EDA. 2. The management agreement must require that the manager will use resident selection criteria that include evidence that tenants have income to support their rental rate, rental history showing timely payment of rent, and criminal background checks. 3. The management agreement must include a plan for long-term maintenance and repair of the property. Staff presented their analysis and recomme nded continuing this item to the October 12, 2005 meeting. Mr. Pogalz stated between the hotel and apar tment building these were two very different building types and asked how this would look. Chair Rafferty stated he wanted to see some variety. He did not want it too busy and suggested they have a larger variation in the roofs. He cautioned them to not experiment with too many different products. Mr. Laden asked how much commercial th ey were giving up by allowing ground floor residential. Mr. Bengston responded the north portion of the build ing was being taken up by residential, which was over 9,000 square feet. Mr. Laden expressed concern they might be losing too much commercial space. Mr. Bengston noted across the street would be tow nhomes, so it would blend in with that area and that was the reason staff was recommendi ng first floor residential in this area. Patrick Sarver, stated one of the reasons w hy they deleted some of the retail along the north portion was by putting residential on that end they could do some architectural tricks to the elevation of that building. The Board continued the Planned Unit Devel opment Final Plan – Lakewood Apartments to the October 12, 2005 Planning and Zoning Board meeting.