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Mounds View EDA May 11, 2009 <br />Regular Meeting Page 6 <br /> <br /> 213 <br />Vice President Stigney stated he is not strongly opposed to owner-occupied townhomes. 214 <br /> 215 <br />Executive Director Ericson stated Finance Director Beer had advised that acquiring Mr. Schnor’s 216 <br />property as an investment would not be a good investment for a number of reasons. 217 <br /> 218 <br />Consensus was reached that owner-occupied townhomes or a 55 and older co-op community 219 <br />would be more favorably considered than rental townhomes. 220 <br /> 221 <br /> D. Update – Select Senior Living Project. 222 <br /> 223 <br />Economic Development Specialist Steinmetz reported that Select Senior Living, the 95-unit 224 <br />senior housing project approved last year, has been delayed due to financing problems. 225 <br /> 226 <br />9. NEXT EDA MEETING: Tuesday, May 26, 2009, at 6:30 p.m. 227 <br /> 228 <br />10. ADJOURNMENT 229 <br /> 230 <br />President Flaherty adjourned the meeting at 7:03 p.m. 231 <br /> 232 <br />Respectfully submitted, 233 <br /> 234 <br /> 235 <br />Recorded and transcribed by: 236 <br />Carla Wirth 237 <br />TimeSaver Off Site Secretarial, Inc. 238