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01-08-24-R
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01-08-24-R
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7/9/2024 9:49:46 AM
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Town Center <br />North and South <br />Flex <br />Office/Southwes <br />3. Chapter 6, Section 6.4.10, Development Capacity and Net Residential Density <br />As part of the JDA terms in consideration of up to 1,960 units, the TCAAP/Rice Creek <br />Commons future development would have a stated metric of ensuring that up to 20% of the <br />housing units in the development are affordable at 60% of Area Median Income. The City is <br />proposing amendments in Chapter 6 to memorialize this criteria and further reinforce the <br />desired Housing goals and policies under Chapter 7 to "Promote the development of a variety <br />of housing options by preserving and increasing high -quality housing opportunities that are <br />suitable for a mix of ages, incomes and household types." Met Council states that <br />communities must guide a sufficient amount of land at minimum densities to provide <br />opportunities for affordable housing to be developed. The Affordable Housing Allocation as <br />set by Met Council for Arden Hills between 2021-2030 is a total of 373 units. It was further <br />anticipated as part of the development of the 2040 Comprehensive Plan that the TCAAP <br />development would largely provide for those units with a projection of 334 units. <br />The proposed comprehensive plan text amendment language identified in red italic font is <br />as follows: <br />The approved Master Plan for the TCAAP property includes 194.9 162.2 acres of <br />residential land for and a maximum of up to 1,9(4)60 residential units for an <br />overall maximum gross density of 109.00 units per acre. The gross density <br />includes the neighborhood collector roads; however, it excludes parks, arterial <br />roads, and the water infrastructure. Future development of TCAAP shall be <br />subject to a term sheet for development to be known as Rice Creek Commons in <br />order to meet the goals of the Comprehensive Plan with a requirement that 20% <br />of housing units in the development must be affordable at 60% of Area Median <br />Income. <br />Page 8of12 <br />
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