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UNAPPROVED <br /> Page 7 <br /> June 22, 1998 <br /> Mounds View City Council <br /> at 2085 Oakwood Drive, with conditions as stated. <br /> VOTE: Ayes - 4 Nays - 0 Motion carried. <br /> C. Public Hearing and Consideration of Resolution No 5243, a resolution Approving a <br /> PUD Amendment to the Silverview Estates PUD and Development Review fro a <br /> Senior Cooperative housing Development. <br /> Koopmeiner closed the Council Meeting and opened the public hearing. <br /> Associate Ericson gave his report as follows: <br /> On December 8, 1997, the City Council approved Resolution No. 5184, a resolution approving <br /> the development stage plan of the Silverview Estates PUD. Permits have been issued and work <br /> is progressing on the Holiday Stationstore at the corner of Highway 10 and Silver Lake Road. <br /> Realife Cooperative of Mounds View and representatives of Silverview Estates, Inc., have met <br /> with the City Staff to discuss the method by which the existing Silverview Estates PUD could be <br /> amended to allow for an alternative style senior housing component. Originally planned as an <br /> 82-unit senior housing building, the current proposal reduces the number of units to 77 and <br /> changes the ownership structure to cooperative ownership instead of market-rate rental. <br /> The cooperative housing arrangement, according to the applicant's description, offers people 62 <br /> years and older a housing alternative that is becoming increasingly popular. The residents own <br /> and operate the development through a nonprofit cooperative corporation. The cooperative <br /> approach to housing has been successful because it offers a housing alternative similar to <br /> continuing home ownership. <br /> Quick asked Ericson if the sidewalk running along Silver Lake Road and County Road I runs <br /> down to the corner of the two roads. <br /> Ericson stated it was a condition of the PUD that there would be a sidewalk constructed along <br /> Silver Lake Road from the tip of the development at Highway 10 down to County Road I. <br /> Quick stated he would like to see enough sidewalk to facilitate a bench at the corner of Silver <br /> Lake Road and County Road I. <br /> Dick Hanson gave his report as follows: <br /> A brief background was given of Realife Inc., and their history in developing senior cooperative <br /> projects. Realife has developed similar projects in Edina, Brooklyn Park, Burnsville, and Eden <br />