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Item 08A <br />Page 4 of 6 <br />Landscaping4 TBD <br />Tree Preservations TBD. <br />Screening & Buffering TBD <br />Utility Service Existing <br />Surface Water Drainage TBD. Storm water ponding is likely to occur in underground <br />chambers, or north of the driveway. If north, then this would <br />detract from potential need for Usable Open Space. <br />Trail Existing. A right-hand turn lane will require the trail location to be <br />adjusted. <br />Lighting/Glare TBD <br />Signage TBD <br />Park Dedication Fee $3,500 X 120 units = $420,000. <br />Construction Timetable TBD. Construction is dependent upon obtaining bonding through <br />Minnesota Management & Budget (Jan 2022). Best case <br />scenario is that construction will begin summer 2022. <br />Affordable Housing' The Metropolitan Council assigns an "allocation of affordable <br />housing need" for each community, based on; forecasted growth, <br />existing affordable housing stock, and ratio of low -wage jobs to <br />low -wage earning residents. <br />2021-2030 Need 30% <br />AMI <br />31 % - <br />50% AMI <br />51 % - <br />80% AMI <br />TOTAL <br />Mounds View 27 11 21 59 <br />Skyline 3 108 9 120 <br />Total Need after Skyline) 24 0 12 36 <br />The following rent and income limits apply: <br />Max Rent per Unit 30% <br />AMI <br />31 % - <br />50% AMI <br />51 % - <br />80% AMI <br />My <br />Median' <br />1 Bedroom 590 984 1,575 <br />2 Bedrooms 708 1,181 1,890 928 <br />3 Bedrooms 818 1,363 2,182 <br />It should be noted that the median rent in Mounds View ($928) is <br />less than rent limits for Skyline. <br />Municipal Code 16§ 0.419 (Landscaping) <br />s Municipal Code 16$ 0.415 (Tree Preservation and Landscaping) <br />6 Metropolitan Council, 2021-2030 Allocation of Affordable Housing Need (accessed July 16, 2021) <br />1 US Census Bureau, American Community Survey (Median Gross Rent, 2015-2019) <br />The Mounds View Vision <br />A Thriving Desirable Community