12-0402023 JDA Agenda Packet - Laserfiche WebLink

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Joint Development Authority Worksession Monday, November 6, 2023 Arden Hills City Council Chambers Minutes 5:30 pm Roll Call Joint Development Authority: Chair Jon Wicklund, Commissioner Nicole Frethem, Commissioner Victoria Reinhardt, Commissioner Tom Fabel, Commissioner Tena Monson Also present: Dave Perrault (Arden Hills); Jessica Jagoe (Arden Hills); Kari Collins (Ramsey County), Jenny Boulton (Kennedy & Graven) Roll call taken. Public Input Linda Swanson, 1124 Ingerson Road, stated at the last Arden Hills Council meeting she presented a number of questions that she would like to see answered. She presented these same questions in hopes of receiving answers. She explained she understood TCAAP would be developed, but she did not agree on how it was being developed. She feared residents were misinterpreting the term "affordability" as it pertains to TCAAP housing. She understood residents wanted housing available and affordable for the next generation. She anticipated the TCAAP development would only have affordable units for those that qualify per AMI requirements. However, the non-qualifying residents would not have subsidized financing and would be forced to pay market value. She believed it was misleading for the JDA to speak about affordability without defining what they mean. She recommended the JDA begin talking about market rate costs. She then reviewed the estimated home values for the JDA members. She commented on how Arden Hills was not affordable for first time homebuyers. She explained the rental rates for the New Perspective 55+ has a one bedroom renting for $2,510 and a two- bedroom was renting for $5,014. She reviewed further rental rates for apartments in Arden Hills and Shoreview and noted these numbers were not affordable for first time homebuyers. Lynn Diaz, 1143 Ingerson Road, asked that the JDA will ensure there is a large chunk of purchased affordable housing in order to allow the future residents to build equity. She indicated this will make for a stronger community. She hoped these units would be required to be owner occupied with covenants in place in order to maintain affordability levels. She recommended the apartment buildings have an adequate amount of greenspace. She also hoped there would be more gathering and social infrastructure spaces built into TCAAP. Kathy Sukke, 1286 Karth Lake Circle, stated she has lived in her home for 38 years. She explained the City now a stacked body making decisions on density, which Tom Fabel has stated is a moral imperative. She stated density was not a moral imperative, but rather it was a 26