HRA MINUTES 02081983 - Laserfiche WebLink

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-5 - hasn't answered her phone for three days. Normally, that would require a • drive from wherever son or daughter is all the way over to this facility and the response has been quite often, I can see them in the community ` room, they're playing cards with their neighbors. That particular item is very important. Also, in regard to playing cards with their neighbors, is the socialization that develops in a building like Lakeshore Drive. It's been open for roughly 4 months and within the first 4 days, there was a bridge club set up and they.were having 'groups of people getting together. The need for socialization, particularly in Minnesota, in the slippery conditions that develop over the winter days, oftentimes make people that are unsure of their footing locked into their house for quite some time. So this type of project, clearly is something that is needed in many areas. It is also needed, we feel, in the St. Anthony area. Phase 1 is that type of facility. Phase 2, the first stage to that is complimentary to that. It is pro- posed,to be a 202, a subsidized type of elderly facility. We see these 2 working hand in hand, or would have the opportunity to work hand in hand with some sort of shared services, possibly a food service program in one building and being available for both. There has been many subsidized projects built'over the years. There is a continuing and ongoing need for that. It is mentioned in our proposal that this is a very competitive project. I think the City here is very aware of that. There was a proposal on the first site and it was unsuccessful. We are hoping that working with non-profit, we would have to, or is a require- ment of this program, that we would be successful next time around. If we're not, we would have to make some sort of modifications in the overall program. Another aspect of phase 2, which would be moving almost concurrently with the 202 proposal, is a market rate type of housing project, general housing. It would also be, at least•at this point in time, a condo- minium type of ownership. There are a lot of things going on in the financing world that may make variations on this possible. I guess in light of that issue, in most of our detail in this proposal, you can clearly see us directed toward phase 1. Phase 1 is the major item that we can get our teeth in because it's close at hand. We are hopeful that that can get going and get in the ground in 1983. That's going to be a tough job, but we hope we can do that. After that, we will be getting a lot of familiarity with the community and phase 2, as I mentioned, may take some slightly different shapes and forms, based on what we have learned. Phase 3 is even more a victim of that because it is so far out in the future. our perception now is that it would be about 100 to 125 units and would again be directed at the older market, at the nester market. Again; after we have gone through phase 1 and phase 2, we're going to be a whole lot smarter and should be able to direct our efforts more exactly at that market area. I guess what I'd like to do now is have Bruce give some architectural definition in this. We also, as mentioned, have Art Peal from our • mortgage company with us. Just a quick word on the financing. I'll hit the high points. We do intend to finance this in a rather traditional manner. We will just be working with our mortgage company. We will be taking the lending package to institutions around and getting financing