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Mounds View Planning Commission <br />Special Meeting <br />June 17, 1998 <br />Page 3 <br />movement. The City Engineer and Rice Creek Watershed have given the project their <br />approval. The PUD requires a minimum of 89 parking stalls. The plan as posed shows <br />123 parking stalls: 25 stalls in the front of the building (four beirl andie accessible) <br />and 78 parking stalls inside the building. The exterior parkin ` <br />g s ,, fitly encroaches <br />into the required front setback of the property. The•A, ®ovedt 0 feet. The <br />plans show the parking lot at 10 feet. The building elf encroac . ' et into the <br />approved 27 -foot setback, which has necessitate e PUD dment gg of th �3 <br />PUD document would need to be revised to sho ' : 23 -fo 04 building se . " c hnges <br />were proposed or needed in regards to utilities.:; arshal has revs ew. <br />revised plans and has indicated that a fire hydrant o be installed on the east side <br />of Silver Lake Road. The landscape plan is acce , „ a . ' • *e exception: City Forester <br />Wriskey has recommended substituting Red Sp1 dor .s t :. r the Radiant Crabs, <br />which are susceptible to disease in the su y .nths. Th <br />ge in regards to <br />building access has been the elimination, c an intern a ate driveway. The <br />lighting plan, as submitted, is in compo bode, e light stand height is 15 <br />feet and the foot candles fall withir e requi a:. <br />A stipulation will need to bedn <br />addition of the recommend <br />The ommission w <br />S . 411y to re`n•t <br />ri tes. <br />Staff is <br />is �' anson,a'” e& 0. <br />fealife Inc., has beer ' eveloping senior cooperative housing since 1978. They currently <br />have developments in'Edina, Burnsville, Eden Prairie, and Brooklyn Park. All buildings <br />are operated urtder the same cooperative ownership approach. A senior, 62 and over, <br />buys a share the cooperative for a predetermined amount of money. The share entitles <br />' e owner a rtment rental privileges, property tax benefits, and mortgage interest • >efYei is just as they would in conventional home ownership. A management consultant, <br />Realife Inc., is hired to help run the day -to -day operations of the facility. <br />olution, No. 553 -98, requiring the <br />e proposed setbacks were acceptable. <br />een the property lines and the parking lot was <br />esolution Nos. 552 -98 and 553 -98. <br />Mounds View Inc., gave his presentation as follows: <br />The rent from the apartments goes to cover the building mortgage, maintenance funds, <br />and property tax fund. A board of directors is established from within the residents to <br />oversee the management of the building. Only the board of directors can authorize an <br />increase in the rental fees. Hanson stated, "Historically, rent increases have been held to a <br />