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Development Timeline <br />We have compiled and reviewed a substantial amount of information as it relates <br />to Arden Village in Arden Hills. We have targeted June 1, 2011 as the projected opening <br />date. To meet this target date, the following critical path of events is necessary: <br />1. Secure Land Contract for Land Purchase <br />2. Present Concept Plan to City Council for Support <br />3. Apply for Funding to MHFA <br />4. Award of Funding from NHIFA <br />5. Advance City & Local Zoning Approvals <br />6. Begin Construction <br />7. Complete Construction <br />Conclusion <br />Complete <br />Aug `09 <br />Oct `09 <br />Jan ` 10 <br />Feb `10 <br />Jun ` 10 <br />Jun 'I I <br />Arden Village is an excellent utilization of the site as it meets the goals of the <br />Smart Growth principals for land use. The proposed development mirrors the goals and <br />policies outlined in the 2030Comprehensive Plan for the City and will also help the City <br />meet a large percentage of its goal for affordable housing. <br />If approved, significant State and Federal dollars will be allocated to the project <br />which will directly benefit the City. When complete, Arden Village will offer housing <br />options for the residents and employees of Arden Hills. <br />Thank you for your consideration! <br />Arden Village Proposed Development 10 <br />