CC PACKET 02081983 - Laserfiche WebLink

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-2- consider the project could be successfully undertaken and the mix of market rate and subsidized senior housing, which would be included in the 400 to 425 units the Knutson Company proposes to develop in three stages , starting with the 125 units to be built in the next building season on the north side of the Kenzie Terrace site. The formal presentation was completed at 6 : 30 P.M. and at that time the developer was presented with a written list of questions about their proposal which they responded to until 6 :54 P.M. , at which time the meeting was recessed. The presentation and responses to the questions were taped and trans- cribed for permanent record as was the interview and questioning of the second firm whose presentation was given at 7:15 P.M. , following the recess . When the meeting was resumed at 7 : 15 P.M. , the Chairman read the same prepared statement which had preceded the Knutson presentation and at 7 : 20 P.M. , the second team of developers presented their proposal for the redevelopment project. Stephen Yurick of the Arkell Development Company told the H.R.A. mem- bers his firm would enter into a joint venture with Kraus-Anderson , Rothschild Financial Corporation, and Saunders-Thalden & Associates , Inc. , architects , to develop approximately 495 market rate and sub- sidized senior housing units in the Kenzie Terrace area in three stages , the first of which would be 135 units of market rate housing to be • constructed within a year on the northern project site. Mr. Yurick introduced the representatives of the other team firms who were in attendance , including Gary Tushie of Saunders-Thalden; Gary Gustafson and Rich Kirschberg of Rothschild; and Jack Sleddin, Dan Egglesma and Vince Kaufman of Kraus-Anderson. They joined in with the developer in discussing the various facets of their proposal and when the formal presentation was completed at 7 : 50 P .M. , joined with Mr . Yurick in responding to a list of questions which covered the II.R.A. ' s concerns about the financing options , should 202 funding not be available for the second phase ; their reaction to the Developers Con- tract; their ability to develop the entire project and whether or not they foresaw difficulties in meeting the design guidelines set down for the project. The question period ended at 8 : 10 P.P . , at which time the meeting was recessed until 3 : 29 P.M. Motion by Commissioner Ranallo and seconded by Commissioner Enrooth to adjourn the Housing and Redevelopment Authority at 8 : 30 P .M. Motion carried unanimously . Respectfully submitted, Helen Crowe, Secretary •