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Mounds View City Council Work Session, April 5, 2021 21 <br />Owner (various) <br />Address 22XX MV Blvd <br />Current Land Use Single-family <br />Zoning R-1 <br />Comp. Plan Mixed -Use <br />Opportunities <br />Multi-family, Mixed-use (lots of possibilities) <br />Constraints <br />Two vacant lots that are owned by one person rarely responds <br />to inquiries. Three single-family owners not motivated to sell. <br />Staff Comments <br />Multiple inquiries form a variety of developers. Developers <br />willing to cooperate with each other to construct multiple <br />products and phases. Interest from senior housing, market rate <br />multi-family, affordable housing, retail center, daycare, medical <br />office, etc. Valuable property for future growth. Entire site was <br />available to City & other developers to purchase during 2008 <br />recession, now four owners to work with. <br />City Participation? Yes, Housing <br />TIF, Infrastructure coordination <br />with Public Works <br />EMV: 2021 $856,000 <br />$3.12 p/sf <br />Why this <br />project matters