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Mounds View Planning Commission June 17, 1998 • Special Meeting Page 3 movement. The City Engineer and Rice Creek Watershed have given theproject their approval. The PUD requires a minimum of 89 parking stalls. The plan as • osed shows 123 parking stalls: 25 stalls in the front of the building (four bein 8- andi accessible) and 78 parking stalls inside the building. The exterior .arking sr ff; a ` y encroaches into the required front setback of the property. Th •?; .ved" 0 feet. The plans show the parking lot at 10 feet. The buildin 9,. 'elf encro t into the approved 27-foot setback, which has necessitate.' `e PUD . $ dm 4 oft.. PUD document would need to be revised to sho• 23 fo''s-°uilding set t 4ines were proposed or needed in regards to utilities. � e arshal has revs >a u revised plans and has indicated that a fire hydrant 1 ' o be installed on the east side of Silver Lake Road. The landscape plan is acce ,5S-,- * exception: City Forester Wriskey has reconunended substituting Red Spledor r • 'k S •r the Radiant Crabs, which are susceptible to disease in the summ , nths T • ` ge in regards to building access has been the elimination ® mac., $ an intern9 -ate driveway. The {a Q9 . �, lighting plan, as submitted, is in com.} "`e ode. =`light stand height is l5 feet and the foot candles fall wit ••_; �e requi • • A stipulation will need to be • d to th ;; to plan o ution, No. 553-98, requiring the addition of the recommen• g $, hydr• =` •. • The ommission w• ; ed with a � 1 'e proposed setbacks were acceptable. S• ;sssiry to re „'"re spa ` `n the property lines and the parking lot was /3 R Staff i ding ap s ,.' esolution Nos. 552-98 and 553-98. Xaa: Dick t anson; ' - t ' Mounds View Inc., gave his presentation as follows: ealife Inc., has •ee eveloping senior cooperative housing since 1978. They currently have developments inEdina, Burnsville, Eden Prairie, and Brooklyn Park. All buildings :11.4 are operated unde the same cooperative ownership approach. A senior, 62 and over, F>> .:. : buys a share c:.-t a cooperative for a predetermined amount of money. The share entitles •e owne ,a$ ment rental privileges, property tax benefits, and mortgage interest � • - t t as they would in conventional home ownership. A management consultant, ' ealife Inc., is hired to help run the day-to-day operations of the facility. The rent from the apartments goes to cover the building mortgage, maintenance funds, and property tax fund. A board of directors is established from within the residents to • oversee the management of the building. Only the board of directors can authorize an increase in the rental fees. Hanson stated, "Historically, rent increases have been held to a