|
Planning Case MU2017-001
<br />August 16, 2017
<br />Page 6
<br />
<br />Household size 1 2 3 4 5 6 7 8
<br />Max HH Income $36,060 $41,220 $46,380 $51,480 $56,620 $59,760 $63,840 $67,980
<br /># of Apt Bedrooms 1 2 3 4 5 6
<br />Max HH Rent $966 $1,159 $1,338 $1,494 $1,647 $1,801
<br />Est Gross Rent at
<br />“Boulevard”5
<br />$784 $942 $1,115
<br />Avg. MV Rent 6 $1,036 $1,282 $1,795 $1,835
<br />Avg. 2016 MV-
<br />SLP* Rent 7
<br />$777 $894 $1,304
<br />Avg. 2017 MV-
<br />SLP* Rent 8
<br />$803 $902
<br />* MV-SLP = Mounds View – Spring Lake Park prime market area
<br />
<br />
<br />Analysis
<br />Plans were submitted on June 15th by the Community Development Dept. to: Public
<br />Works Dept., City Attorney, SBM Fire Dept., Rice Creek Watershed District (RCWD),
<br />Ramsey County Highway Dept., and Ramsey County Surveyor’s office. Comments
<br />were received from:
<br />
<br />Brian Erickson, Mounds View Public Works, June 14, 2017
<br />Samantha Berger, Rice Creek Watershed District, June 23, 2017
<br />Mike Winfield, Ramsey County Surveyor’s office, July 17, 2017
<br />Steve Thorp, Mounds View Community Development (fire), July 18, 2017
<br />Erin Laberee, Ramsey County Highway Dept, Aug 2, 2017
<br />
<br />In general, comments referred to standard requirements from each agency.
<br />
<br />A Development Review includes the following items:9
<br />
<br />Minimum Floor Area 10
<br /> Minimum Req. Proposed
<br />1 bedroom units 630 sq ft 676 – 786 sq ft
<br />2 bedroom units 750 sq ft 963 – 1,134 sq ft
<br />3 bedroom units 870 sq ft 1,231 – 1,258 sq ft
<br />
<br />
<br />5 Bowen National Research (2017), Preliminary Tax Credit Support – The Boulevard, Pickerington, OH (p. 2)
<br />6 Rupert, Craig, Bowen National Research, (2017). Price per sq ft – Mounds View, Minnesota. Re: Preliminary Tax
<br />Credit Support – The Boulevard (Mounds View, MN).
<br />7 Bujold, M., Wilder, R. (2016). Table 7 Average Rents/Vacancies Trends Primary Market Area Third Quarter 2015.
<br />Initial Market Assessment for General Occupancy Market Rate rental housing in Mounds View, MN.
<br />8 Bujold, M. (2017). Table 2 Average Rents/Vacancies Trends Mounds View Primary Market Area First Quarter
<br />2016 and First Quarter 2017. Market Opinion Letter – Mix/Sizes/Pricing – Crossroad Pointe, Mounds View, MN.
<br />9 Mounds View Municipal Code, Section 1006.06, Subd 3 (Development Plan)
<br />10 Mounds View Municipal Code, Section 1104.02, Subd 4(c) (Minimum Floor Area Per Dwelling Unit)
|