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Planning Commission Regular Meeting Minutes August 18, 2020 Page 5 is just for the initial building only. Commissioner Morita indicated his concern would be if 1 this development is using the Unofficial property for additional parking, overflow parking as 2 needed and then they decide to build upon the adjacent property then how would the parking 3 needs be addressed and would that be compensated for. 4 5 Commissioner Erickson asked for clarification on the affordable housing nature of the project. 6 It sounds like this will be entirely affordable housing, in terms of the market being targeted, 7 which is great, but will this project require any sort of income tax credits or tax increment 8 financing. Mr. Holst indicated he was always hesitant to use the word affordable, he thought 9 he said this is affordable by design, this will be market rate but their demographic targeted is 10 the sixty to eighty percent of AMI. He stated his company will not be getting any sort of tax 11 credits from the State or any other agency. A lot of what they have been trying to do is hon in 12 on this and unfortunately there is a ton of things going on that is working against them right 13 now. He was hoping to come in without asking for Tax Increment Financing. There is just a 14 small amount that is remaining in this PUD, but every little bit helps here. What his company 15 will be asking for is some Tax Increment Financing to help make this project feasible and to 16 keep the rents low. 17 18 Commissioner Erickson asked if there will be an income restriction, could someone rent at 19 this development who makes one hundred percent of the area median income. Mr. Holst 20 indicated that was correct and there will not be any sort of income criteria but in reality if 21 someone is making that much that person is going to want a project that has the amenities 22 typically that have covered parking but there will not be any requirement of verifying income. 23 24 Commissioner Erickson stated regarding the permeability ratio and the uniqueness of the 25 drainage situation in St. Anthony, a lot of the soil is clay based so runoff and flooding issues 26 are a little more prevalent than other areas. He asked given the uniqueness of the construction 27 product used on this building, are there any concerns with the seventy-six percent coverage 28 ratio to negative consequences on the structure. Mr. Holst addressed the modular aspect of 29 the building and indicated this will not be low quality construction. Everything is built in a 30 factory and much more precise, these modules will be delivered, and the construction 31 technique will be comparable, although the walls will be straighter with this type of 32 construction. In terms of the soil, they had Geotech performed already and need to remove 33 four feet of the top and replace it with better fill and should be good to go. The type of 34 construction is of no concern. 35 36 Commissioner Rude indicated his reading of the plans there is some sort of a drywell going in 37 under the parking lot to the south of the building and he wondered if that was part of the 38 drainage plan. Mr. Holst indicated that is something they are trying to define. There is no 39 engineering yet on that drywell. What they need to confirm is whether the existing 40 infrastructure is sufficient to handle the runoff or if onsite mitigation needs to be done. 41 42 Commissioner Rude asked Mr. Grittman if that is something the City is interested in. Mr. 43 Grittman stated he cannot speak for the engineer but some of the infiltration basins or holding 44 basins have become more common as sites are more intensely developed. He explained he 45