11/15/1982 P&Z Minutes - Laserfiche WebLink

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a1 r' + -ber 1.5, 1982` Page Five Mr. Reinert felt that there was not much detail as to the impact on a community in Mr. Haskin's letter. Mr. Schumacher introduced Mr. Dave Liddle of Dain Bosworth, who has worked on one of these plans for the City of Sauk Rapids. Mr. Liddle explained that a housing plan is required by the State, it is submitted to Metro Council for their review and approval, and some of the information that is needed such as the impact on schools, sewere, police, fire etc. The people eligable must be first time home buyers, must fall within a certain income bracket and the price of the•home must be within a certain price range. Mr. Reinert asked if the standards of the community as to the type and size of a home that can be constructed is affected and Mr. Liddle said, No, as long as the price range is met. Mr. Reinert asked Mr. Karth the cost per square foot of home construct- ion and Mr. Karth said the 960 square foot split entry in Shenandoah II are selling for $66,900.00 and that a sewered lot. Mayor Benson asked if the income restrictions are related to the type of home that could be purchased? must it be a single family home or could it be an apartment or some other type of housing? Mr. Liddle said yes, there is no distinction as to the type of home. Mrs. Elsenpeter asked who makes the decision as to what percentage is used for new homes or used housing? Mr. Liddle said the City makes that decision. It would appear that this City is more interest- ed in new housing. Mr. Kulaszewicz noted that this is the positive side of this program, what is the negative part? Mr. Liddle said the negative side is that the program must be completed by Jan. 2, 1983. The staff must commit time to complete this program. He also told the Council there is no charge for his services unless there are bonds sold. Mayor Benson asked when the program is completed, the homes are sold, are the bonds retired? Mr. Liddle explained that the paym nts_on__the mortgages are used to retire the bonds. If there is bond money not used, this money is also used to retire the bonds. Mrs. Elsenpeter moved to adopt Resolution 82 -22 setting a public . hearing for December 20, 1982 at 7:30 P.M.. Seconded by Mr. Kulaszewicz. Mr. Reinert asked for more information on the housing plan that is referred to in 462C. He also asked the estimated cost of the plan and Mr. Schumacher said Mr. Short extimated the cost between 2/3 thousand dollars. He also asked to have this in writing. Motion carried.