8A, Renewal of Letter of Support for Arden Village Tax Credit Application

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ARDEN I�ILLS CITY COUNCIL — JUNE 14, 2010 11 8A_ Arden Village Workfot-ce Housing Proposa! — Updated Letter of Support for the Housing � Tcix Credit Application (continued) MOTION: Ma��or Harpstead moved and Councilmember Grant seconded a motion to Approve the updated Letter of Support for Sand Companies, Inc.'s housin� tax credit application to the Minnesota Housin� Finance Agencv for the Arden Villa�e project at 1296 County Road F for an amount not to exceed �22�,000, alon� with the $2,000 waiver in the SAC/WAC fees. Councilmember ��olden questioned what other funding �vould be used beyond TIF. Community Development Director Lehnhoff clarified that this would allow the City to waive bui(ding permit fees or other fees in lieu of TI�. Councilmember McClung stated he wiil support Option 1 but feit Option 2, with the communication tower would provide the City a great opportunity_ Councilmember Grant indicated he would have supported the communication tower as well; however time did not permit a full review_ He explained he would be supporting Option l. The motion carried on a 3-1 vote. (Hoiden opposed) B. Elmer L. Andersen Memoriat Trail Signage Approval � Parks and Recreation Manager Otson revieti�ed the signage history of the Eimer L. Andersen Memorial Trait (EAMT) with the Council. She indicated staff budgeted $1 �,000 for the trail signs fram the SY�c�al Reveriue gar[c �'ur�d. i1uoies were received from three sign companies and the low bid came in at $19,645 with the City's portion being $1 �,36�. This inciuded two pillars at County Road E and [ndian Place. Ramsey County has agreed to purchase one smalter pilIar at the Lake Johanna Boulevard entrance for a construction and installation price of $4,300. Design costs totaling $2,170 would aiso be due to Derrek Hames. The Parks, Trai( and Recreation Committee recommends the final design to Council. The Elmer L_ Andersen family has expressed their appreciation for dedicating this trail to their father and is honored to have been included in the design process for this signage. The signs production and installation will take approximately 2`/2 to three months from approval and the PTRC expressed interest in planning a dedication ceremony for the Memorial Signage this fall. Councilmember Holden questioned how many signs �vere being purchased and asked the expected Iife expectancy of these signs_ Parks and Recreation Manager Otson indicated four signs were heing purchased for three different locations. She stated the sign company recommended a high end product to resist graffiti and outdoor vvear and tear_ Derrek Hames, sign designer commented the signs would be fixed to concrete tubes with bolts_ � The proposed material is the best technology available and was used at the new TCF Stadium.