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-2- Motion by Mr. Rymarchick and seconded by Mr. Cowan to recommend that the Council deny the request for a public hearing on a variance to the sign ordinance in order to erect a pylon sign in front of the Goodyear store at 4020 Silver Lake Rd. • Motion carried unanimously. It was determined that Mr. Cowan will present the Board's recommendations to the Council at their May 27, 1975 meeting. The Public Hearing was delayed because of the absence of a representative of the company seeking permission to build a retirement home and the meeting was recess- ed from 8:06 to 8:15 P.M. at which time the Public Hearing on the request for a Conditional Use Permit to construct a retirement home was opened. Gerald E. Mundt of Wallace & Mundt, Architects, and Mr. Robert Geary, a mortgage banker from the Eberhardt Company, presented the plans for and answered questions about the request from First American Enterprises for a conditional use permit to erect a 4-story, 257 x 54 ft. retirement home on the N. 28 ft of the W. 187 ft. of Lot 13 and the W. 187 ft. of Lots 14, 15 and 16, Block 6, Mounds View Acres, 2nd Addition. Mr. Mundt said the retirement building would consist of four stories of 9 ft, high floors, with the highest point being 45 feet high at the stair tower. The exterior finish of the building would be of brick and either stressed or precast concrete. There will be 75 units consisting of 550 sq. ft. 1-room bedroom apartments and 415 sq. ft. efficiencies. Rentals on the one bedroom apartments were estimated in September, 1974 to be $260 per month with the efficiencies renting for $220 excluding the two meals a day served to residents which would cost about $75 per month. In answer to questions posed by the Board, it was ascertained that the building would only be geared to serve ambulatory residents and therefore could not be converted to a nursing home and that it would be 40 years before funding reg- ulations would allow the building to be used for residents other than the elderly or handicapped. Mr. Ellsworth Johnson of First American Enterprises arrived at 8:35 P.M. and participated in the hearing. He said that, although the building would be a less expensive construction than that for which the Rembrandt Company was granted a conditional use permit last year, the quality of service and safety features would be the same. The developer told the residents who questioned First American's connection with Rembrandt Company that the group comprising First American Enterprises had been developers for Rembrandt and had completely disassociated themselves with Rembrandt, which is no longer in the retirement home business. He said his company could not guarantee the second phase of an agreement such as that under which Rembrandt was granted the conditional use permit and preferred to do "a good job on one building at a time". He also told the group that there was very little possibility of his company erecting a similar building next to one they proposed but did not foreclose the possibility of erecting a similar retirement home somewhere else in St. Anthony if this one proved to be successful. • He also explained to a resident that his company felt there was more chance of First American obtaining financing from HUD than Rembrandt last year because that governmental agency had recently announced in Mpls. that Section 8 funds were going to be made available. � l L