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Pedestrian-friendly streetscape that contributes to a sense of community; and Open/public spaces that provide visual relief to the development pattern and provide opportunities for active and passive recreation. The City Council will be addressing these issues in the regulations and policies work of the master planning process through zoning regulations and design standards. Life-Cycle Housing Life-cycle housing refers to the idea that a community offers appropriate housing for every stage of life apartments for people beginning their careers, townhomes and starter homes for young professionals, move-up homes for growing families, and housing suitable for seniors from active empty nesters to the frail elderly. The current housing stock in Arden Hills consists mainly of large, single-family homes on large lots. The City has relatively little housing stock for recent college graduates, young professionals, and active seniors wanting to downsize but not ready for a senior housing community. Meanwhile, housing preferences for the millennial generation (generally considered to be people are currently shifting towards rental housing. According to developers, the average age of tenants in rental, multi-family housing, is increasing and is now at 28. Developers assume that this is related to the challenging job market for college graduates in recent years, the shift to marrying and starting families later in life, high college debt, and risk aversion related to housing investment. Developers have seen that renters Recent multi-family developments have larger units with more amenities, but are being built at higher densities (up to 75 units per acre with five or six stories). As millenials begin to settle down and have children, their housing preferences may shift to single-family homes. As a generation that has been highly socialized through a childhood emphasizing group projects, team sports, and organized activities, however, they will likely seek Incorporating life-cycle housing into TCAAP may benefit the long-new and existing neighborhoods. Infrastructure Revenues and Expenditures The park, open space, stormwater and utilities infrastructure are being planned to accommodate development in the low- to mid-range of the AUAR, or 1,500 to 1,800 dwelling units. Approximately the same amount of parks/infrastructure is needed for 1,500 units as for 1,800 units, so the capital expenditures within that range are constant. Fee revenue to support park and infrastructure costs, however, will vary depending on the number of units. Many cities have moved towards charging park dedication fees on a per unit basis for residential property. For example, St. Louis Park currently charges $1,500 per unit per park dedication and $225 per unit for trails. The City of Brooklyn Center currently charges $4,600 per unit for park dedication. The City of Arden Hills will need to revise its park 36 Page of