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www.ci.mounds-view.mn.us Equal Opportunity Employer 498826v3 MU205-47 May 9, 2017 Minnesota Housing Finance Agency 400 Sibley Street, Suite 300 St. Paul, MN 55101-1998 RE: Letter of Support for MWF Properties The City of Mounds View is supportive of MWF Properties’ application for Minnesota Housing Tax Credits to construct a 60- unit apartment building (the “Project”) for affordable workforce housing. The City intends to process an application for a Tax Increment Financing district supporting the Project, including a 15-year TIF Note in an amount up to $546,401 in principal to address a funding gap for the Project. Mounds View is located in the northwest corner of Ramsey County, at the convergence of US Highway 10 and Interstate 35W. The City’s Population (2015) is 12,914. The City is nearly built out, and is characterized by single-family homes on large lots, with scattered site multi-family apartment complexes and businesses located along the Mounds View Boulevard corridor. The proposed project is located northwest of the intersection of Mounds View Boulevard (CSAH 10) and Groveland Road. The neighborhood is characterized by a mix of townhomes and small businesses along Mounds View Boulevard and single-family homes along Groveland Road. The project is two blocks from Groveland Park and one block from an MTC transit stop connecting downtown Minneapolis and Northtown Mall. Aldi’s grocery store, Ramsey County Public Library, and Mounds View Area Learning Center are within one mile of the proposed project. In 2016, the City completed a paved trail along Mounds View Boulevard between the project site and the eastern edge of town, connecting to the planned 427-acre Rice Creek Commons site (TCAAP) in Arden Hills and the Rice Creek Regional Trail. School-aged residents of the proposed 60-unit apartment project will attend school in the highly-regarded Mounds View School District (ISD 621), which includes Pinewood Elementary, Edgewood Middle and Irondale High schools. These schools include two teachers nominated by Education Minnesota for Teacher of the Year (2017). In addition, ISD 621 produced ten National Merit Scholars in the 2015/2016 school year. Within Mounds View, major employers (and number of employees) include Medtronic (4,100), Sysco (470), MultiTech Systems (200), Midwest Medical Systems (142) and Allina Ambulance (140). Other employment corridors, such as Central & University Avenues, and the US Highway 10, I-35W, and I-694 triangle, are located in neighboring cities. Mounds View is a community of neighborhoods, quality schools, places of worship, and convenient access to interstates. It is our desire that the residents of this workforce housing project will remain in the City of Mounds View and continue to be a part of our community as the families’ incomes increase above the median income eligibility thresholds. Sincerely, Carol A. Mueller Mayor, City of Mounds View