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Ordinance 958 <br />Page 4 of 4 <br />INHProperties commissioned a market study, completed by Viewpoint <br />Consulting Group; entitled, "Demand Assessment for Market Rate Rental <br />Housing in Mounds View, Minnesota", dated April 23, 2018. <br />The study suggests an unmet market rate rental demand of 866 units <br />within the Mounds View Prime Market Area, generally including all or <br />portions of- Arden Hills, Blaine, Circle Pines, Columbia Heights, Coon <br />Rapids, Fridley, Lexington, Mounds View, New Brighton, Saint Anthony <br />Village, Shoreview, and Spring Lake Park The study recommends 130- <br />140 units be developed on the subject properties, capturing 15% - 20% of <br />that demand, between years 2017 — 2022. <br />NOW, THEREFORE, BE IT FURTHER RESOLVED, In accordance with Section <br />3.07 of the City Charter, City staff shall have the following summary printed in the official City <br />newspaper in lieu of the complete ordinance: <br />On July 8, 2019, the City Council adopted Ordinance 958, amending the Official Zoning <br />Map, from B-3 Highway Business to PUD Planned Unit Development, for properties <br />located at 2390 Mounds View Boulevard, 2394 Mounds View Boulevard, and 2400 <br />County Road H2. This project is commonly known as Crossroad Pointe. <br />A printed copy of the ordinance is available for inspection during regular business hours <br />at Mounds View City Hall and is available on line at the City's web site located at <br />www.moundsviewmn.or> . <br />NOW, THEREFORE, BE IT FINALLY RESOLVED, This ordinance shall take effect <br />and be in force 30 days from and after its passage and publication, in accordance with Section <br />3.09 of the City Charter. <br />Introduction and First Reading by the Mounds View City Council on June 24, 2019. <br />Second Reading and Adoption by the Mounds View City Council on July 8, 2019. <br />Publication Date: July 17, 2019. <br />Aw �ad� <br />Carol A. Mueller, Mayor <br />Nyle <br />City Aundmini trator <br />