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Mounds View Planning Commission September 3, 1997 • Regular Meeting Page 3 instead of the originally planned 16. The complete renovation of the Red Oak apartments is still included in the revised development plan. All dimensional requirements, drainage and ponding, access and parking, landscaping and easement issues have been addressed by the applicant. He added that there are some clarifications that need to be made in regards to the originally planned chain-link fence. Consideration should also be given to entering into an easement with the neighboring property to allow for a pedestrian access to Eastwood Road at the northeast corner of the property. Associate Ericson addressed the Minor Subdivision stating the park dedication requirement will need to be met. He stated the easement requirements and changes to the survey would have to have proper documentation. Other issues needing to be resolved by MSP Real Estate: the new Red Oak Apartment garages and attached office and recreation area cross the lot line between the apartments and proposed lot for the townhome dwellings, and the driveway for the apartments would need to be relocated to the townhomes lot, and a shared access driveway easement recorded with the county. Associate Ericson stated that Staff is recommending that the Planning Commission approve Resolution 528-97, a resolution recommending approval of a development review • request for MSP Real Estate, provided the City Engineer has approved the drainage plan, subject to stipulations. Associate Ericson stated that Staff is recommending that the Planning Commission approve Resolution 529-97, a resolution recommending approval of a minor subdivision request of MSP Real Estate to combine the two vacant parcels south of the apartments into one lot, provided staff has resolved the two issues described above, subject to stipulations. Milo Pinkerton, president of MSP Real Estate, stated the development review before the Commission is to approve the development review based on the fact that all code and ordinances issues have been met. Commissioner Stevenson asked if there was an income level change based on a reduction from 16 townhome units to 10; many of the units will be of the subsidized type. He also asked the applicant to address, for the public, the approximate rise in the rent that would take place because of the upgrade planned for the Red Oak Apartments. Mr. Pinkerton stated that the townhomes will rent for $650-$750 with the tenant paying their own utilities. The apartment rates will go up to $520 for a one-bedroom and $590 for two-bedroom apartments. He added that the number of subsidized units is still ten, as • it was in the original development.