Laserfiche WebLink
Reports of Staff <br />January 20, 2017 <br />Page 2 of 2 <br />G. Other Upcoming Events/Reports <br />MWF Developers is looking to construct around 52 units of workforce housing on two <br />lots owned by Cynthia Johnson, located at 2865 Mounds View Boulevard and 7980 <br />Groveland Road. On January 3, 2017 at a Council work session the developer and City <br />Council discussed the project and the possibility of using a Housing TIF as well as <br />Housing Tax Credits, and a discussion on allowing leniency on the three acre Planned <br />Urban Development (PUD) requirement. The Council seemed generally in favor of the <br />development but has requested that the developer come back when more of the <br />financial details are known surrounding the Housing TIF. If all goes well, the developer <br />plans to submit the tax credit application in the spring of 2017 and if awarded both the <br />tax credit and housing TIF, would anticipate starting construction April 2018 and <br />completing construction December 2019, finishing the lease-up around June of 2019. <br />H. Reports of Commissioners (Agenda Item 7) <br />I. Upcoming EDC Meetings (Agenda Item 8) <br />The next meeting will be held February 17, 2017 at 7:30 a.m. The February meeting will <br />consist of the annual Bylaws review, a review of the 2017 EDC priorities, Oath of Office <br />for Commissioner replacing Royal Dahlstrom’s term, as well as a staff report. <br />______________________________ <br />Brian Beeman <br />Business Development Coordinator