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MEMORANDUM <br /> • <br /> To: Mounds View City Council <br /> From: Cathy Bennett, Director of Economic Development <br /> Subject: Tax Increment Request for Rehab of Pleasant Wood Apts and Development of <br /> Rental Townhomes <br /> Date: April 8, 1997 <br /> MSP Real Estate will be making a presentation at the April 7, 1997 work session regarding their <br /> proposal for a significant rehab of the Pleasant Wood Apts and construction of 26 new <br /> townhomes. The entire project is for rental units for low-moderate income families. <br /> In reviewing the information that will be presented to Council and due to the complexity of the <br /> financing structure and rehab proposal, it has been suggested that staff arrange to have MSP meet <br /> with a couple members of the Council/EDA prior to the work session presentation. I am <br /> suggesting that the EDA President and Planning Commission Liaison meeting with MSP next <br /> week since there is a tax increment request and a rezoning request. This informal meeting will <br /> • allow MSP adequate time to thoroughly explain several aspects of the proposal and enable them <br /> to anticipate questions and provide additional information that may be helpful in analyzing the <br /> support or opposition of this proposal. In discussion with City Administration, Chuck Whiting, <br /> this different approach may be helpful on many different projects and would allow for better <br /> communication and understanding between Council and staff regarding development proposals. <br /> In addition,this approach may alleviate the misperceived notion from the community that <br /> controversial projects are presented with staff biases rather than staff presenting opportunities for <br /> Council decision in a fair and equitable manner. <br /> Jeff Huggett and Milo Pinkerton of MSP Real Estate would also be willing to meet individually <br /> with any of the Council members regarding the project prior to the work session. In addition, <br /> they will be contacting some of the neighbors in the area to gauge their concerns and issues with <br /> the current property and what they feel the benefits or detriments are for having more rental <br /> housing in their neighborhood. <br /> I will contact Duane and Roger Koopmeiners on Monday to arrange a meeting with MSP Real <br /> Estate at City Hall. <br /> cc: Chuck Whiting, Pam Sheldon <br />