Draft Minutes - 11-13-12 Special Work Session

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'It EN HILLS Approved: CITY OF ARDEN HILLS, MINNESOTA SPECIAL CITY COUNCIL WORK SESSION MEETING NOVEMBER 13, 2012 6:30 PM—COUNCIL CHAMBERS CALL TO ORDER/ROLL CALL Pursuant to due call and notice thereof, Mayor Grant called to order the Special City Council Work Session meeting at 6:33 p.m. Present: Mayor David Grant; Councilmembers Brenda Holden, Fran Holmes, Nick Tamble, and Ed Werner Absent: None Also present: City Administrator Patrick Klaers; City Planner Meagan Beekman; and Deputy City Clerk Amy Dietl 1. AGENDA ITEMS A. Arden Village Discussion City Planner Beekman stated that Sand Companies, Inc. (SCI) received approval in 2010 for an affordable rental housing development at 1296 County Road F. The original plan consisted of 55 units, ranging in size from one to three bedrooms, a 55-stall underground parking garage, and a 55-stall surface lot. It also included a playground and picnic area for residents. City Planner Beekman noted that as part of the approval, a Comprehensive Plan Amendment was required to rezone the property from 1-1 (Limited Industrial District) to R-4 (Multiple Dwelling District). In addition, a Conditional Use Permit amendment, rezoning, Preliminary and Final Plat, Master and Final Planned Unit Development, and a development agreement were all approved by the City Council. City Planner Beekman stated that SCI has gone through several funding cycles with the Minnesota Housing Finance Agency to attempt getting tax credits to assist in financing the affordable housing project. Because SCI has not been able to secure funding for an affordable housing development, they have decided to instead move forward with the construction of an apartment building that is a market rate project. She explained that SCI has received funding from the Ramsey County HRA in the form of a loan from the HOME Investment Partnership Program,