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March 16th, 2018 <br />Mr. Brian Beeman <br />City of Mounds View - Planning Department <br />2401 County Hwy 10 <br />Mounds View, MN 55112 <br />Matter: Legacy Apartments, Proposed Apartment Development <br />Ardan Park Area, Multifamily Lot <br />Long Lake Road & Ardan Avenue in Mounds View <br />Dear Mr. Beeman, <br />We are excited for the opportunity to present an apartment development project to the City of Mounds <br />View. Our newest project, Legacy Apartments, aims to be a modern, amenity rich building that can <br />attract a variety of potential residents to the Mounds View area. We hope to honor the legacy of our <br />founder, Ed Kaeding, and continue the great work he started when he began building apartments many <br />decades ago. <br />Our company has been dedicated to creating a better way for our residents to live and help the people <br />in our communities to thrive. For example: <br />• Our first project in Blaine, Emberwood Apartments, has the highest reviews of any multifamily <br />building in the entire Blaine area with more than one review <br />• In a joint effort with our residents, we have raised thousand of dollars to help fight against <br />homelessness by partnering with Stepping Stone Emergency Housing <br />• We have promoted other local businesses in the Twin Cities metro area, including some <br />restaurants in which we sponsor gift cards for our tenants to enjoy food over the holiday season <br />• As a company, we have been featured in area papers such as the Forest Lake Times and Finance <br />& Commerce for our work in the community as well as our efforts to develop and implement <br />smart home technology for the apartment market <br />Below is a summary of what our project can offer to the community: <br />• 180 units of Class A type apartments <br />• 4 -story building in addition to a heated underground parking facility <br />• A mix of unit types; Approximately 18% Studio, 40% 1 -Bedroom, 28% 2 -Bedroom, and 14% 3 - <br />Bedroom <br />• Building will be constructed over two years beginning the first phase in a 'T ' shape, housing a <br />lobby at the center of the building, and ending with the second phase adding a straight <br />extension to the north end <br />• All 2 and 3 -bedroom units will have two bathrooms <br />• Each unit will have their own washer and dryer <br />• Each unit will have a private balcony space <br />