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Mounds View City Council June 24, 2019 <br />Regular Meeting Page 9 <br /> <br />Further discussion ensued regarding how the Bel Ray offered a first option to Mounds View <br />residents prior to opening the building to outside communities. <br /> <br />Mr. Elias reported the initial lease term would be one year. After the first year, a six-month, <br />nine-month and twelve-month option would be offered. He explained each unit would be <br />responsible for their gas and electric expenses. He reported the rent pricing structure would <br />include one underground parking space. He then reviewed the proposed rental rates for the <br />apartment units noting studios would cost around $1,000 per month, one-bedroom units would <br />cost around $1,300 per month, two-bedroom units would cost around $1,500 to $1,600 per <br />month and three-bedroom units would cost around $2,000 per month. He stated water and sewer <br />charges may be billed back to apartment units on a pro rata basis. He noted trash would be <br />included in the rent, along with wi-fi. He commented further on the amenities that would be <br />included in the building, which were a community room, mail area with parcel lockers, fitness <br />center, two elevators, game room, BBQ grill area, playground, fenced in pet area, pet spa, and <br />theater room. <br /> <br />Mayor Mueller asked if each unit had a washer and dryer. Mr. Elias reported this was the case. <br />He explained each unit came with a full appliance package. <br /> <br />Corey Gears, Alliance Building Corporation, explained he would be constructing the apartment <br />building for INH. <br /> <br />Mayor Mueller questioned what the mix of apartment units would be. Mr. Elias reviewed the <br />mix of apartment units being proposed for the project. <br /> <br />Council Member Meehlhause stated he supported the proposed parking ratio. <br /> <br />Community Development Director Sevald requested feedback from the Council on whether they <br />would like to see more greenspace or have two additional parking stalls. The consensus of the <br />Council was to recommend the site have additional greenspace. <br /> <br />MOTION/SECOND: Meehlhause/Gunn. To Table Action on Resolution 9132 to the July 8, <br />2019 City Council meeting. <br /> <br /> Ayes – 5 Nays – 0 Motion carried. <br /> <br />E. Public Hearing: Resolution 9133, Approving the Preliminary Plat of <br />Crossroad Pointe. <br /> <br />Community Development Director Sevald stated INH Properties is proposing to develop a 128- <br />unit apartment building at the south corner of Mounds View Boulevard and County Road H2. <br />The project involves multiple planning applications including a request for Preliminary Plat <br />approval. He noted this project consisted of three lots that would need to be combined into one <br />lot. Staff commented further on the Preliminary Plat for Crossroad Pointe and recommended