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• <br />• <br />December 10, 1998 <br />Guy Peterson <br />Metropolitan Council <br />Mears Park Centre <br />230 East Fifth St. <br />St. Paul, MN 55101 -1634 <br />subject: Livable Communities Goals <br />Dear Mr. Peterson: <br />The City of Lino Lakes is examining its Livable Communities goals. As you know, the <br />current housing market in the Twin Cities is not conducive to the construction of new <br />rental units. In Lino Lakes, this is borne out by the fact that we have received no <br />development applications for rental housing projects in several years. <br />The most recent project involving rental units was completed in 1995. This included 47 <br />senior housing units. Since then, no rental project applications have been received. <br />Given the current market conditions, we believe that an appropriate life -cycle goal for the <br />owner /renter mix is 85 %'/ 15 %. That is, a goal of 15% of all units to be rental units. <br />This would increase the rental percentage from 4% to 15 %. Even this will be a stretch, <br />but it provides a target to work toward. It clearly is more in line with reality than higher <br />percentages. <br />Following our conversation today, we understand that Metropolitan Council staff has no <br />immediate objections to the 15% goal. We also understand that the City's goals will be <br />considered by the full Metropolitan Council in January. <br />Thank you for your consideration. Please feel free to call me with any questions. <br />Jeff Smyser <br />City Planner <br />1189 Main Street • Lino Lakes, Minnesota • 55014 <br />Phonefl DD: 651-464-5562 • Fax: 651 - 464 -4568 <br />