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Mounds View Planning Commission <br />Special Meeting <br />June 17, 1998 <br />Page 4 <br />minimum because the building owners are the renters." <br />The loan for the building is HUD guaranteed. Before HUD will <br />the development must be 90 percent presold. <br />e project, <br />Of the proposed development's 77 units, 36 two room apart ave a share • <br />• <br />cost from $17,500 to $22,000. The monthly rent on these 3 , units wil15range from $ - .0 <br />a month to $580 a month. The rent covers all expenses e e et telephon= t nd • <br />cable. There is a cooperative owned mini -bus to og the transportatioe' s of the <br />residents. There are three 1550 square foot apartm will rent for $995 with a share <br />cost of $36,000. No rental rate or share fee wase ..h remaining 38 one - bedroom <br />apartments. <br />There are four laundry rooms per floor ' ' : t l : 'ng two s and two dryers. The <br />use of the laundry rooms is included . ; w ` °o " a fee...• ac floor has a storage <br />room. The common space availabl rough? ..f ; �als more that 25,000 <br />square feet. These common spac includ-,a rarie tit' M• room (food service at the <br />option of the residents), gam gms, media rooms" raft rooms, and a shop in the <br />basement. <br />Commissioner Bras t. in expres <br />engirt ping on th ;; P §€ ;ed setbac <br />ye <br />Mr.ns o :g- i <br />numbe ..:7 <br />buildin <br />out the building and parking lot <br />the parking, as shown, had more than the required <br />ese parking stalls could be removed to bring the <br />etback regulations. <br />associate Erieso a amended that Resolution No. 552 -98 be revised by deleting the <br />� P feren.ce to a 10!fo parking lot setback and recommended that Resolution No. 553 -98 <br />be revised to req € °ed the applicant to update the site plans to show a 30 -foot parking lot <br />setback, the addition of a fire hydrant on the east side of Silver Lake Road and to show on <br />the east sideilver Lake Road and to show the NURP pond not encroaching into the <br />etland . t. yo'S. <br />t•1 <br />Otto d: Brasaemle/Obert to approve Resolution No.552 -98, as amended, a resolution <br />recommending to the City Council approval of a PUD amendment as requested by Realife <br />Cooperative of Mounds View, Inc.; Planning Case 530 -98. <br />Ayes - 5 Nays - 0 <br />