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. <br />i� <br />EN HILLS <br />MEMORANDUM <br />DATE: May 9, 2011 <br />TO: Honorable Mayor and City Councilmembers <br />FROM: 3i11 Hutmacher, Community Development Director �/f <br />SUBJECT: Letter of Support for Arden Village MHFA Tax Credit Application <br />Sand Companies, Inc. (SCI) has requested a letter of support for their application for Minnesota <br />Housing Finance Agency (MHFA) t� credit financing for Arden Village. <br />Background <br />Land Use Approvals <br />• SCI has proposed the development of an affordable rental housing development at 1296 County <br />Road F. The proposed 4-story building consists of 55 housing units with one to three bedrooms, <br />a 55-stall underground parking garage, and a 55-stall surface lot. The development would also <br />include a fot lot playground and picnic area for residents. <br />The proposal required the property to be rezoned from the current I-1, Limited Industrial District, <br />to R-4, Multiple Dwelling District. In order to rezone the property, a Comprehensive Plan <br />Amendment was also required. Prior to recent City land use approvals, the 2.76-acre property <br />operated under a Conditional Use Permit (CUP) that was approved in 1972 for a 240-foot <br />communications tower. SCI requested a Preliminary and Final Plat to subdivide the property <br />into two parcels, and a Master and Final PUD for the development itself. Because the CUP <br />encompassed the entire property, a CUP Amendment was needed to reflect the proposed legal <br />description for the newIy subdivided lot. <br />On March 8, 2010, the City Council gave land use approvals for the Arden Village project <br />ineluding Conditional Use Permit Amendment, Rezoning, Comprehensive Plan Amendment, <br />Preliminary and Final Plat, and Master and Final Planned Unit Development. <br />� City ofArden Hills <br />City Council Meeting May 9, 2011 <br />Page 1 of 3 <br />