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Mounds View City Council Work Session, April 5, 2021 22 <br />Owner Levitan Family Partnership <br />Address 7190 Silver Lake Rd <br />Current Land Use vacant <br />Zoning R-1 <br />Comp. Plan Single-Family <br />Opportunities <br />Multi-family (32 units), lot split for single-family, expand <br />adjacent multi-family <br />Constraints <br />Landlocked, and only accessible through Silverwood <br />Apartments (same owners). <br />Staff Comments <br />Was for sale in 2019/2020, as part of Scotland Green, The <br />Sands, and Silverwood (none sold). Several interested buyers. <br />If rezoned from R-1 to R-4, would allow for 32 units. Developer <br />interested in 60 units (60 units is the “magic number” for <br />MHFA funding). Would require Ordinance Amendment to <br />allow for more density (future discussion needed). <br />This is probably the simplest <br />multi-family project to do, if <br />the owners wanted to develop. <br />City Participation? Yes, Housing <br />TIF, <br />EMV: $285,100 <br />$0.29 p/sf <br />Why this <br />project matters