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<br /> <br /> <br />they have the expertise to make it work and be successful. They have a waiting <br />list at Silver Lake Pointe Apts. and believe they can capture part of that market <br />with the rehab and the construction of the new units. <br /> <br />Commissioner Welsch supports the concept. He believes that there is a larger <br />gap between lower and higher incomes these days and that affordable housing <br />can be very nice and respectable. There is more and more of a demand for this <br />housing as the gap continues to increase. He would like to see assurances that <br />if the new housing is approved that the rehab also continues and that it would <br />not be allowed to deteriorate. <br /> <br />Motion/Second: Carlson/Welsch moved to support the general concept of the <br />development as it pertains to the rehabilitation of Red Oak Apartments and the <br />construction of 26 new townhomes but that there is a lack of financial information <br />and analysis to support a recommendation for tax increment financing assistance at <br />this time. <br /> <br />Motion Carried 6 ayes 0 nays <br /> <br />Staff was directed to provide more financial information and analysis and more <br />information regarding the management company. <br /> <br />C. Update on the U of M Metropolitan Livable Communities Design Center Course. <br /> <br />Community Development Director Pam Sheldon gave a brief update regarding <br />the two classes. The first class presented an overview of course objectives and <br />each community=s focus issue. We learned that our perceived challenges with <br />regards to a plan for Highway 10 can be overcome. Sheldon described the second <br />class which focused on Highway 10's function as a transit corridor. An expert <br />transportation planner, Robert Kulash, described the tunnel vision of traffic <br />engineers regarding the movement of traffic rather than looking at enhancing <br />the drive along a highway and ways to encourage lower speed without even <br />changing the speed limit. She noted that there were many excellent <br />opportunities for change along Highway 10 and that they are achievable. The <br />goal should be to change Highway 10 from to a vehicle moving road to a <br />boulevard area that vehicles move through. The next class will be held again at <br />City Hall and a representative from the Design Center will bring a concept that <br />would help the community to move forward on a plan for the Highway 10 <br />Corridor. <br /> <br /> <br />6. Reports From Chair, Commissioners and Staff: <br /> <br />No Reports <br /> <br />7. Adjournment <br /> <br />There being no further business before the Commission, this meeting of the Economic <br />Development Commission adjourned at 8:34 a.m. <br /> <br /> <br />Respectfully Submitted,