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2 . <br /> ) We re-:uest that the city defer all fees assccjate -n <br /> building permits, _^ ing approvals, T__ apprcvals , etc. <br /> until construction lcan cicsinc. <br /> 4 . ) We request that the city enter into an exclusive ag-eemen+ with Westminster <br /> and MSP to build <br /> this project. <br /> Y <br /> The project will be an 80-unit apartment community available <br /> exclusively for seniors 62 years of age and over. We plan to <br /> locate this property on a 2 . 7-acre parcel on County Road I and <br /> Mounds View Drive, just scut'1, cf Highway 10 . The property will be <br /> an attractive 3-story elevatored building with underground parking. <br /> There will be ample common space including a large community r ccm <br /> with full kitchen, crafts room, and library. The building will be <br /> super energy efficient meeting cr exceeding State of Minnesota <br /> energy guidelines and will be constructed with a low maintenance <br /> exterior_ The project will be functionally efficient a.or semi ors' <br /> needs and 'aesthetically appealing. The croj ect <br /> also has an ideal <br /> location that is within walking distance cf parks, drug stores, <br /> cther convenience retail stores, and publi <br /> c t_ansp or`.:aticn_ <br /> D177''=e0?!R <br /> The developer will be a joint n` wart: :a between Westminster <br /> and MS? Real Estate, Inc. Westminster Corporation is <br /> a ncn--refit corporation whose mission is to provide affordable <br /> cusing for people with low inccmes. Westminster has a 20-year <br /> track .cf providing over 2500 units of affordable housing <br /> innesc to residents. y�estmins ._cLs_op r,, <br /> -_ . t w_�l act as co-leve' <br /> .,pert! lnanacer and _ - co-developer, <br /> 1 - ! CCC_... :•:a_..r _ / <br /> Real <br /> f �C_ic <br /> Estate, Inc. is a development.:. and C^.^.5t� firm <br /> 1_::. <br /> in <br /> affordabl-e _hcus_. ~_ • Mil - <br /> aoMf <br /> - _ cemrutlc-.:_-,-ft m <br /> ., has been invo_ ved in the devel Went and C^tst_ru-? <br /> C-'tarjQ <br /> Ceiinc <br /> t_e <br /> aC <br /> 22 , <br /> M <br /> s <br /> c <br /> fCec units Cf a=forda^le hcuSinc Since its inceotiin1^7a cmm _ mtv 170 units rCLStoiya. to senors- construction <br /> company is headed ; . an individual over 20 !ears c.ccnsictiy experience, including nc over 2=00 ien .Cwillbe co-developer andce'e-a, ccntr.ctor for this a., ar-men <br /> n S'z 4C_NG <br /> In coder to provide a high c-:alitv rental housing SincC^=mu: i =v that ==2ffCr:a^1e tc Mounds Jey's <br /> cc.h iand esti^-tea ,• sen__-_s we ,e.=- <br /> d <br /> to a-s_s <br /> n= ls <br /> alaver.-'=_ra:ci-c package that includes conventional m:=zczce loans , ecu_-_raised from tax credits, and pa -as- :cu-o" -" assistance f=o- <br /> ` a e_- The - ass' stance is critic.' t� enabling this _ actaccess adecuate ec - ca� tal -aka this c actfeasble <br /> • <br />