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COUNCIL WORE SESSION <br />MAY 3, 1995 <br />this issue is addressed in the current homeowners associations <br />by -laws. <br />Mayor Reinert asked what assurances does the. City Council have <br />that all requirements will be met. Ms. Wyland explained that all <br />documents would be recorded and /or noted on the final plat. Mr. <br />Johnson explained that the protective covenants on each lot will <br />be enforced when the building permit is approved. <br />Mr. Asleson asked if the trail issue had been resolved. Mr. <br />Johnson explained that the matter will go to the Rice Creek <br />Watershed District at their first meeting in May. Mr. Asleson <br />expressed concern that Rice Creek Watershed District may not <br />approve the plan for extending a trail through a portion of <br />wetland. He felt that if a direct route to the park area is not <br />approved by the Rice Creek Watershed District, a neighborhood <br />park should be established in the eastern portion of the plat. <br />Mr. Johnson explained that regardless of what the Rice Creek <br />Watershed District said about the trail through the wetland, no <br />neighborhood park would be constructed in Phase I. He explained <br />that if necessary, a neighborhood park would be established in <br />Phase II. Mr. Asleson said he would like the matter decided <br />before the final plat was approved. <br />Mayor Reinert asked Ms. Wyland to review the issue of the "butt" <br />lot with Mr. Brixius and to provide a recommendation regarding <br />the park dedication for the regular Council meeting on Monday. <br />SENIOR HOUSING UPDATE, RANDY SCHUMACHER <br />Mr. Schumacher gave a brief background on this matter and noted <br />that the senior housing proposal was first introduced to the City <br />Council about three (3) years ago. The original proposal was for <br />90 units and federal tax credits along with some City assistance <br />was needed to help make the rent on some units affordable to low <br />and moderate income persons. <br />Staff met with the developer, Cottage Homesteads about three (3) <br />weeks ago. A revised project consisting of 47 units plus a <br />clubhouse and 10 single family homes was discussed. Federal tax <br />credits for the revised plan have been allocated and the <br />developer is seeking additional financial assistance from the <br />City to keep the rents as originally planned. <br />Mr. Schumacher noted that the developer, Roger Derrick as well as <br />Mike Saxton and Terry Schmidt were here to answer questions about <br />the proposed development. He explained he has asked Mr. Sid <br />Inman to prepare an analysis of the financial information <br />prepared by the developer. The analysis will not be available <br />PAGE 2 <br />1 <br />1 <br />