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AW <br /> -2- <br /> Mr. Tushie said two non-profit organizations had indicated an interest <br /> in sponsoring the 202 building. . Augustana Homes , who had sponsored a <br /> similar building for-Phase I , which the Mayor had said had failed to <br /> obtain 202 funding, partially because of Augustana's lack of 202 <br /> experience, had indicated they would like to be reconsidered for the <br /> project since they have done 202 work since that time. Walker Homes, <br /> who, the architect said, are constructing a large project on 37th and <br /> Bryant which would provide health and medical care for the elderly, <br /> had also requested -to be 'considered for the senior apartments , and, <br /> Mr. Tushie told the H.R.A. members , both agencies understand that <br /> they would have to. pickup the differences in costs to develop the <br /> project with 202 funding and to provide the first class building which <br /> would be expected in St. Anthony. <br /> The Mayor and Councilmen Ranallo and Marks would be in Washington, D.C. <br /> the following week where they would attend the National League of <br /> Cities Conference and meet with H.U.D. officials to lobby for the <br /> project. Mr. Tushie agreed to provide the newest colored renderings <br /> of the Kenzie Terrace Project as well as plans for the proposed <br /> senior buildings drawn to meet the criteria set by H.U.D. for that <br /> meeting. <br /> Mr: Arkell- gave Ms -. .--Gammel';s background and experience which.: the <br /> developer perceives made her such an asset for marketing the Kenzie <br /> Terrace Project. She indicated the "300 walk-throughs" reported by <br /> Mr. Arkell for the open house weekend for the model had actually been <br /> "300 buying entities" and that the interest momentum had been retained • <br /> ever since. By listening very carefully to the prospective buyers , <br /> the Marketing Director indicated the redevelopers had been able to <br /> convert those buyers ' desires into a redesigning of one end of the <br /> _ building into 12 one bedroom-den units which would provide easier <br /> adjustment and more elbow room than one-bedroom units would for the <br /> first-time condominium buyers who are making a difficult move from <br /> larger, single family homes . Kenzington is quite unique., Ms.. Gammel <br /> said, in that there are 22 different unit designs available to the <br /> buyers . She affirmed that with the changes , the total number of' units <br /> in the building had been reduced from 134 to 128 . <br /> Mr. Tushie indicated Arkell is close to a trade-in policy which would <br /> allow the developers to at least break even, but would, .naturally, <br /> not be implemented until the construction is started on the. project. <br /> When H.R.A. members indicated their willingness to help -promote sales , <br /> Mr. Arkell told them anything they could do to convince prospective <br /> buyers that selling their homes and moving into a condominium would <br /> be acceptable, would be most helpful. The suggestion that the, ' <br /> 'Community section of the Star might be utilized for that purpose was <br /> considered a good one and Ms. Gamme1 indicated the human interest <br /> .angle might be developed.•by using the promotional tapes she had made <br /> which feature local buyers of condominium units reinforcing the.- <br /> validity of "making the big move" . <br /> Motion by Vice Chairman Enrooth and seconded by Commissioner Ranallo • <br /> to authorize staff to enter into- negotiations with the Arkand Part- <br /> nership . for a 90 day extension-of the redevelopers contract with them. <br /> Motion carried unanimously. <br />