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Mounds View City Council August 23, 1999 Regular Meeting Page 17 from the others, as is the proposed facility. He stated the Silver Lake Point apartments are for senior citizens, 55 years or older. He clarified that the Silver Lake Commons did not receive any TIF financing, but rather found financing through MHFA and other sources, which are available to anyone who can qualify for Section 42 rent income limit. He stated the proposed facility is for the continuum of care for the residents who perhaps presently reside in Silver Lake Point, Silver Lake Commons, or the ReaLife Cooperative. He stated there are almost 300 residents in those three buildings, as well as senior citizens who live at home, and require nursing support staff in daily activities and socialization. He stated the proposed facility would provide a supervised supportive facility to meet these individuals' needs. He stated Ed Meyer, was presently considering managing the proposed facility. Ed Meier,President of Senior Solutions, stated that Mayor Coughlin had properly summarized the proposal. He stated the facility would be for those people who were unable to live at home by themselves anymore. He stated the typical profile of their resident will be 85 to 90 years old, requiring assistance with approximately three activities of daily living, which include bathing, dressing, incontinence,medication reminders, and mobility. He stated they could guarantee a safe environment for these individuals, which provides proper nutrition, socialization, independence and dignity, within the community they grew up and worked in. Mayor Coughlin closed the Public Hearing at 8:20 p.m. Council Member Stigney inquired if the applicant was requesting financial assistance from the City, in any manner, including the co-signing of loans or documents to secure financing. Mr. Pinkerton stated they were not. Mayor Coughlin stated he had heard some questions in regard to the City's consideration of what was termed"down zoning"of the B-2 property to an R-4 zoning, and some concern that this might be anti-business or the removal a parcel that could have been developed for business. He stated he assumed that, even if considered nonprofit, the facility would still be considered a business, and in that regard, they were considering a business operation in that area. He stated that the property has been zoned B-2 for quite some time, and there have been no active seekers to develop this parcel. He stated it appeared the market forces have spoken, and the B-2 zoning might not have been the best for this particular parcel, or it would have been developed before this time. Council Member Marty stated when this first came up to the Council, he was not in favor of it, however, through the discussion and research presented, he thought this proposal could meet some of the needs of the City. Mayor Coughlin stated we are all getting older. He stated the demographics indicate the median age would increase significantly within the next ten to fifteen years,in the inner cities,core cities, and first string suburbs. He stated these types of facilities would be called upon more and more, to take care of these residents, and to attempt to keep them in the area, and engaged in the community. He added that some of these individuals had built the community of Mounds View, and he would not wish to lose their presence and input,simply because there were no facilities in the City to accommodate them. 17C:\ADMIN\MINUTES\CC\8-23-99.CC