CC PACKET 03011983 - 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 developerspresented 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.M. , 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