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. Page 7 <br />June 22, 1998 <br />Mounds View City Council <br />at 2085 Oakwood Drive, with conditions as stated. <br />VOTE: Ayes - 4 Nays - 0 Motion carried. <br />C. Public Hearing and Consideration of Resolution No 5243, a resolution Approving a <br />PUD Amendment to the Silverview Estates PUD and Development Review fro a <br />Senior Cooperative housing Development. <br />Koopmeiner closed the Council Meeting and opened the public hearing. <br />Associate Ericson gave his report as follows: <br />On December 8, 1997, the City Council approved Resolution No. 5184, a resolution approving <br />the development stage plan of the Silverview Estates PUD. Permits have been issued and work is <br />progressing on the Holiday Stationstore at the corner of Highway 10 and Silver Lake Road. <br />Realife Cooperative of Mounds View and representatives of Silverview Estates, Inc., have met <br />with the City Staff to discuss the method by which the existing Silverview Estates PUD could be <br />• amended to allow for an alternative style senior housing component. Originally planned as an 82- <br />unit senior housing building, the current proposal reduces the number of units to 77 and changes <br />the ownership structure to cooperative ownership instead of market-rate rental. <br />The cooperative housing arrangement, according to the applicant's description, offers people 62 <br />years and older a housing alternative that is becoming increasingly popular. The residents own <br />and operate the development through a nonprofit cooperative corporation. The cooperative <br />approach to housing has been successful because it offers a housing alternative similar to <br />continuing home ownership. <br />Quick asked Ericson if the sidewalk running along Silver Lake Road and County Road I runs <br />down to the corner of the two roads. <br />Ericson stated it was a condition of the PUD that there would be a sidewalk constructed along <br />Silver Lake Road from the tip of the development at Highway 10 down to County Road I. <br />Quick stated he would like to see enough sidewalk to facilitate a bench at the corner of Silver <br />Lake Road and County Road I. <br />Dick Hanson gave his report as follows: <br />A brief background was given of Realife Inc., and their history in developing senior cooperative <br />projects. Realife has developed similar projects in Edina, Brooklyn Park, Burnsville, and Eden <br />