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City Council Regular Meeting Minutes <br />September 8, 2009 <br />Page 2 <br />2 <br />3 IV <br />4 <br />5 <br />6 <br />7 V. <br />9 <br />10 <br />11 VI. <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />Motion carried unanimously. <br />PUBLIC HEARING. <br />None. <br />REPORTS FROM COMMISSION AND STAFF. <br />GENERAL BUSINESS OF COUNCIL. <br />A. Update on Silver Lake Village. Len Pratt, Pratt Homes, presenting. <br />Mr. Len Pratt, Pratt Homes, addressed the City Council and provided an update on Silver Lake <br />Village, including the following information: <br />■ Silver Lake Village Sales and Availability Update, dated September 8, 2009: <br />o The Cottages at Silver Lake Village; Village Condominiums at Silver Lake <br />Village; Senior Coop; Rental/Other <br />o Silver Lake Village Total Tax Base Generated, dated September 8, 2009 <br />• Silver Lake Marketing Plan, July — October 2009 <br />• Silver Lake Cooperative Information: <br />o Floor Plans <br />o Questions and Answer Sheet <br />Mr. Pratt provided information on Silver Lake Village in response to questions of the City <br />Council. Informational meetings are a key component of the Silver Lake Marketing Plan. Avanti <br />Consulting is involved with the project and comes with 19 years of experience. A lot of work has <br />gone into the floor plans, including focus groups from potential purchasers. HUD financing will <br />be involved with unit purchases. Clients of the project are current residents of St. Anthony, and <br />are also being drawn from the cities of New Brighton, Columbia Heights, Roseville and <br />Minneapolis. The walkable community is playing a large part in attracting customers to the <br />project. Individuals are impressed with the tradition of the City including the Police and Fire <br />Departments, the fact that the streets are kept up, the schools are highly rated, and the services <br />that are needed are provided inside the city boundaries. A timeframe of spring 2010 is <br />anticipated for ground breaking. <br />Mayor Faust thanked Mr. Pratt for the dogged approach to the Silver Lake Village project. He <br />pointed out that the project has something for everyone with the for -rent apartments, condos, <br />cottages and coop. <br />Mr. Pratt stated individuals looking for further information on the project can contact him at Pratt <br />Homes at 651-429-8032. A schedule of the informational meetings planned through the months <br />of September and October will be left at city hall. <br />