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Planning Commission Regular Meeting Minutes June 17, 2025 Page 10 2 Commissioner Corneille asked if there are any restrictions on corporate -owned multi -family housing. 3 Mr. Grittman stated there are no restrictions. Chair Socha stated that the consequences are different. 4 Mr. Grittman stated that there are some ordinances in other cities for corporate ownership of single- 5 family houses. 6 7 Chair Socha asked how the number of 4 properties was reached, and Mr. Grittman stated from a 8 listing of individual owners. 10 Commissioner Mayne stated that Minneapolis proposed a cap of 10 properties, but it did not pass. 11 12 Commissioner Corneille proposed that 25% of the rental licenses not allowed to be issued to a single 13 ownership group through an affidavit. Chair Socha noted that it would address some concerns better. 14 Commissioner Erickson agreed it would address some concerns. 15 16 Commissioner Erickson suggested keeping the four and offering a grandfather clause. 17 18 Chair Socha asked what percentage is reasonable to the Commissioners. Commissioner Corneille 19 suggested 20-50%. 20 21 Commissioner Erickson noted there are 2200 single-family homes in St. Anthony, and if there is a 22 10% cap, that would be 220 homes, and if 25% of those could be owned by one entity, that would be 23 55 properties. 24 25 Chair Socha suggested 15-20%. 26 27 Commissioner Mayne asked Mr. Grittman if an affidavit is required for applications for a license. 28 29 Commissioner Corneille suggested 10% with 25% for a single -owner, and the cap is enforced through 30 rental conversion. An affidavit is also required to confirm that the owner complies with the ordinance. 31 32 Commissioner Mayne noted that the 25% would allow a single owner to own 60 properties. 33 34 Chair Socha stated she would be comfortable with 15%. She believes there are many examples of 35 hardship, and she would like to see that raised to 36 months for hardship. The goals would not be 36 affected by raising it to 36 months for hardship. They would apply for a homestead exemption. She 37 asked if a person lived in a home for 1 1/2 years, would they be eligible for an exemption? 38 39 Mr. Paul White, 3201 32nd Avenue NE, asked if local ownership has been distinguished from "out of 40 area" ownership. He has seen rental properties look bad. Rentals owned by local owners tend not to 41 look as bad. 42 43 Mr. Grittman noted that if the City has met the 10% cap, anyone who has a homestead exemption can 44 qualify for a rental license conversion regardless of the cap. This would not be very limiting. Chair 45 Socha asked when reviewing the goals if one of the other goals is to provide hardship, which would