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P- <br />increment financing including the "but for" test. The City of Chanhassen will <br />also require the project to stay affordable for a specified period of time. <br />Besides the financial assistance, the City supports fast -track permitting and <br />flexibility in zoning and development standards. To accomplish this, the City <br />used a Planned Unit Development (PUD) approval process to allow for this <br />flexibility. On June 7, 2005, the City Planning Commission recommended <br />approval of the PUD for the project and at our June 27, 2005 Council meeting, we <br />approved these plans. <br />As has been previously stated, the City of Chanhassen is committed to the <br />development and completion of work force or life cycle housing within the City. <br />We ask that you participate with us to help meet our common goal of affordable <br />housing in Chanhassen by funding this development. <br />Sincerely <br />Tom Furlong <br />Mayor <br />