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City of St. Anthony Village Planning Commission September 8,2003 Page 3 Preliminary Phasing Schedule: Phase Y (demolition may begin as.early as 1012003) 256 Urban Flat units 0 142,000 sq. ft. discount retail 0 220 Market Rate Apartment units 0 89,800 sq. ft. retail Phase 2 (currently unscheduled) 26 Townhome units 0 160 Urban Flat units The developer will provide additional information to the Planning Commission at the public hearing. This will include a presentation of detailed elevations of the proposed residential buildings and a bird's eye perspective of the residential portion of the development in context with the open space. AFFORDABLE HOUSING COMPONENT It is the intention of the developer to include an affordable component in the apartment development in the residential portion of the PUD. Currently the plans show 218 units in the apartment building. It is the developer's intention to set aside 20-30 percent of the units for residents whose income is at the 50 percent Area Median Income for the Metro area. -However, the developer cannot commit to including this affordability because the necessary funding has not been committed to the project at this time. The developer will work with the City of St. Anthony, Ramsey County and the Minnesota Housing Finance Agency to secure an allocation of tax-exempt bonds, grants and deferred loans for the project. The developer is requesting the City's support as well as tax increment financing in order to provide the affordable component within the multi-family rental housing. According to the developer, 'its ability and commitment to providing affordable housing in the Village of St. Anthony PUD is subject to receiving an allocation of tax-exempt bonds, tax increment financing, and grants and/or deferred loans from state and local sources. The Planning Commission is also being asked to consider the Final Development Plan and Plat for the retail portion of the property and to make a recommendation of approval to the City Council. The Final PUD documents include a site plan showing site access, roadways, building location and parking spaces for the retail properties, and a detailed landscape plan showing plant locations, typical planting sections, typical planting details, and planting types. The Final PUD also includes the watermain and sanitary sewer plan, stormwater plan, and finished grade plan. The developer has not yet submitted the Erosion Control plan, which we are recommending be a condition of approval of the PUD. The developer will provide additional information to the Planning Commission at the public