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Item 07A <br />Page 2 of 2 <br />Strategic Plan Strategy/Goal: <br />Vision: Create and Maintain a Positive Business Climate where businesses want to locate and <br />remain in Mounds View. <br />Goal C: Focus on redevelopment areas such as Simon's & Tires N'More area, and the Snyder's <br />building among others. Also consider residential redevelopment. <br />Financial Impact: <br />None. <br />One challenge in redeveloping this property is that new single-family homes are generally priced <br />at $350,000 and above. Existing homes along Lambert Avenue have an average value of about <br />$211,000, thus, the neighborhood may not support the value of new single-family homes, <br />leading to the need to consider multi -family residential. The proposed project; integrating senior <br />housing into a single-family neighborhood, is a creative means to addressing a local need <br />(senior housing), while respecting the character of the single-family neighborhood. <br />Recommendation: <br />Staff recommends that the Council consider Mr. Carlson's proposal, and provide a consensus if <br />this project would be appropriate for this area, or if Mr. Carlson should pursue a different <br />location. <br />Respectfully submitted, <br />�4QX <br />Jon Sevald, AICP <br />Community Development Director <br />The Mounds View Vision <br />A Thriving Desirable Community <br />