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ARDEN HILLS CITY COUNCIL—MAY 14, 2012 15 This item was removed from the Agenda. 9. UNFINISHED BUSINESS A. Letter of Support for Arden Village MHFA Tax Credit Application and Extension Request City Planner Beekman stated Sand Companies, Inc. (SCI) has requested a letter of support for their application for Minnesota Housing Finance Agency (MHFA) tax credit financing for Arden Village. In addition, SCI is requesting a one-year extension on their deadline to pull building permits on the project. Staff recommends that the City provide a renewed letter of support, which does not include TIF assistance. Staff further recommends approving the amendment to Section 5.0 Subd. A.2 of the Development Agreement for Arden Village, LLC to extend the building permit deadline to June 30, 2013. Councilmember Holden questioned if the City would be collecting park dedication and SAC and WAC fees. She requested further information on the construction timeline. City Planner Beekman indicated the park dedication fees were waived and this was written into the developer's agreement. She commented the SAC and WAC charges were reduced by $2,000. She noted the construction schedule was going to be extended by one year allowing the applicant to have a permit deadline of June 30, 2013. Councilmember Holmes asked why the park dedication fees were waived. City Planner Beekman stated one item identified with this project was the need for a pedestrian walkway trail connecting to the Land O'Lakes sidewalk. The cost of the sidewalk was approximately $84,000 and Sand Companies agreed to construct this sidewalk. Therefore, the City waived park dedication requirements for the project. MOTION: Councilmember Holmes moved and Councilmember Werner seconded a motion for the City to provide a renewed letter of support which does not include TIF assistance. The motion carried unanimously (5-0). MOTION: Councilmember Holmes moved and Councilmember Werner seconded a motion to approve the amendment to Section 5.0 Subd A.2 of the Development Agreement for Arden Village, LLC to extend the building permit deadline to June 30,2013. The motion carried unanimously (5-0). 10. COUNCIL COMMENTS AND REQUESTS Councilmember Holmes commented on the Public Works proclamation approved this evening that was under Consent. She recognized the efforts of the Public Works Department and the many benefits they provide the residents of Arden Hills.