PL MINUTES 04031984 - Laserfiche WebLink

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-3- 1 snow shoveling, mowing, etc. taken care of, on a regular basis, by • 2 Walker-Methodist personnel. 3 4 In response to questions .about how much equity her organization would 5 have in the building, the housing specialist indicated .the corporation 6 would pay the land costs , put up the $7, 500 .interim money, and was 7 prepared to commit up to $85,000 to provide the amenities necessary 8 to provide a better exterior finish and a more interesting configuration 9 for the building, than could be expected to be funded by H.U.D. She 10 estimated the building cost would be close to $1, 500;000 and Mr. 11 Yurick commented that the sponsors commitment would be for the life 12 of the building and would not be recoverable. 13 14 Commissioner Bjorklund said he perceives the proposed building, with 15 additional amenities promised by Walker-Methodist would faithfully 16 meet the City ' s standards for housing but he questioned why the 17 organization would be willing to expend this kind of money on a 18 project for which they would have no chance of monetary reimbursement. 19 Mr. Tushie told him he perceives the organization believes they have 20 a real obligation to provide affordable housing for Twin City elderly 21 and handicapped which motivated them to undertake this project with- 22 out hope of recovering all -of their equity in it. Ms . . Gabler explained 23 further that 202 funding involves a lower than market interest loan 24 for the project coupled with a Section 8 subsidation of rental costs 25 about 30% of the residents ' incomes . 26 • 27 The architect discussed the site plans for the project, which had been 28 distributed to the Commission members , reiterating that they were 29 minimally designed to achieve selection by H.U.D. When the Commis- 30 sioners expressed their desire to have a fence or some other barrier 31 between the landscaped areas on the project and the -parking lot for 32 the bowling alley to the west, Mr.. Tushie indicated he doubted whether 33 H.U.D. would ever fund a fence, since they want to provide the minimum 34 amount of housing possible to get the maximum number of units built. 35 He added that anything above and beyond the $85, 000 Walker has 36 earmarked for building exterior and configuration improvements would 37 be a real burden for the non-profit organization to fund. 38 39 Commissioner Hansen questioned whether H.U.D. might perceive a build- 40 ing in a. shopping center might not be a safe location for the elderly 41 and the architect told him site location is very important to H.U.D. , 42 but selection is more related to community activites such as busing, 43 proximity to shopping, banking and health services, etc. , and on that 44 basis, this site was ranked very high for 202 H.U.D. funding. Mr. 45 Childs commented that one of H.U.D. reasons for not funding the senior 46 building on the other side of Kenzie was the perceived difficulty for 47 the residents to cross that busy intersection to the shopping center . 48 A pedestrian crossing funded by CDBG money is proposed to get the 49 seniors to the bank and church, he added. 50 51 Mr. Tushie told Commissioner Zawislak this would be a "stand alone" 52 project and the new liquor warehouse. would remain until the land for • 53 Phase III of the project is acquired. Mr. Yurick reminded the Chair 54 that the 202 project would be only half of Phase II and the market 55 would determine how quickly the rest of the redevelopment progresses .