Agenda Packets - 2019/07/08 - Laserfiche WebLink

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Mounds View City Council June 24, 2019 Regular Meeting Page 9 1 Further discussion ensued regarding how the Bel Ray offered a first option to Mounds View 2 residents prior to opening the building to outside communities. 3 4 Mr. Elias reported the initial lease term would be one year. After the first year, a six-month, 5 nine-month and twelve-month option would be offered. He explained each unit would be 6 responsible for there gas and electric expenses. He reported the rent pricing structure would 7 include one underground parking space. He then reviewed the proposed rental rates for the 8 apartment units noting studios would cost around $1,000 per month, one -bedroom units would 9 cost around $1,300 per month, two-bedroom units would cost around $1,500 to $1,600 per 10 month and three-bedroom units would cost around $2,000 per month. He stated water and sewer 11 charges may be billed back to apartment units on a pro rata basis. He noted trash would be 12 included in the rent, along with wi-fi. He commented further on the amenities that would be 13 included in the building, which were a community room, mail area with parcel lockers, fitness 14 center, two elevators, game room, BBQ grill area, playground, fenced in pet area, pet spa, and 15 theater room. 16 17 Mayor Mueller asked if each unit had a washer and dryer. Mr. Elias reported this was the case. 18 He explained each unit came with a full appliance package. 19 20 Corey Gears, Alliance Building Corporation, explained he would be constructing the apartment 21 building for INH. 22 23 Mayor Mueller questioned what the mix of apartment units would be. Mr. Elias reviewed the 24 mix of apartment units being proposed for the project. 25 26 Council Member Meehlhause stated he supported the proposed parking ratio. 27 28 Community Development Director Sevald requested feedback from the Council on whether they 29 would like to see more greenspace or have two additional parking stalls. The consensus of the 30 Council was to recommend the site have additional greenspace. 31 32 MOTION/SECOND: Meehlhause/Gunn. To Table Action on Resolution 9132 to the July 8, 33 2019 City Council meeting. 34 35 Ayes — 5 Nays — 0 Motion carried. 36 37 E. Public Hearing: Resolution 9133, Approving the Preliminary Plat of 38 Crossroad Pointe. 39 40 Community Development Director Sevald stated INH Properties is proposing to develop a 128- 41 unit apartment building at the south corner of Mounds View Boulevard and County Road H2. 42 The project involves multiple planning applications including a request for Preliminary Plat 43 approval. He noted this project consisted of three lots that would need to be combined into one 44 lot. Staff commented further on the Preliminary Plat for Crossroad Pointe and recommended