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Page 6 September 8, 1997 Mounds View City Council Mr. Ericson noted that necessary criteria has been met and that staff is recommending approval of Resolution 5154. Milo Pinkerton, President of MSP Real Estate, explained that their company developed the Silver Lake Point Apartments in Mounds View under the same affordable housing bracket as is proposed for the ten new townhomes. There are forty existing apartments and they are proposing to renovate those units and add ten new townhomes. ]3y adding the townhomes, they are adding green space to the development, to allow the apartments, as a part of the overall development to conform with density requirements. He provided a diagram of the proposed development. Council member Stigney noted that the number of proposed townhomes has decreased from 28 units down to 10 units. He wondered how many people they anticipate occupying the ten units. This information was not available. Council member Stigney asked how long MSP Real Estate would beproviding on-site management. Mr. Pinkerton stated they would be willing to provide it indefinitely. Council member Stigney asked how much money will be set aside for ongoing maintenance. Mr. Pinkerton stated they will be setting aside $250. per unit/year. • Paul Kemensky Attorney representing Milo Pinkerton, explained that Mr. Pinkerton's development proposal meets/exceeds the standards that are set forth in the code. Mr. Pinkerton has proceeded in good faith to put together a project that meets Mounds View's City Code and they are requesting that the City Council proceed. Gayla Keyes, 7730 Greenwood Drive, asked if any consideration has been given to developing these townhomes as "for sale" townhomes rather than rental units. Mr. Long, City Attorney, noted that the City Council cannot legally ask the developer to sell the townhomes. Mayor McCarty noted that the developer has indicated that this is not an option. Cameron Obert asked that Resolutions 5111 and 5112 be read aloud. Wendy Jahnke, 8408 Eastwood Road, asked if any other government money, other than the $200,000, will be used to build the townhomes. Mr. Pinkerton explained that he has loans and grants that would help to provide the affordable housing. Ms. Jahnke asked if the project could proceed with private investment. Mr. Pinkerton noted that it would not be feasible as they are required to keep the rents at an affordable rent level. Ms. Jahnke wondered if there would be areas for children to ride their bikes. She also wondered if the playground equipment proposed would be sufficient for the number of children using it. Mr. Pinkerton showed a diagram of the proposed playground equipment, noting that it is more than the daycare center has just down the street fi-om the site. Mr. Ericson, Planning Associate, explained that the Development Review before the Council is the technical review of the site plan to determine whether or not the proposal meets the code requirements and fits within the Comprehensive Plan.