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• Land Use Approvals <br /> The Arden Village proposal received all necessary land use approvals at the March 8, 2010, City <br /> Council meeting. <br /> Timeline and Letter of Support <br /> The deadline for the housing tax credit application is June 15, 2010. In order to complete the tax <br /> credit application and meet the submittal deadline, SCI would need the letter of support from the <br /> City by June 1, 2010. MHFA will make its determination by October 28, 2010. If the tax credits <br /> are approved, SCI will move forward with the formal application for public assistance with the <br /> City. <br /> Assuming the tax credits are awarded and the public assistance request is finalized, SCI <br /> anticipates starting construction in early 2011 and opening in 2012. <br /> Attachment <br /> Proposed Letter of Support <br /> • <br /> City of Arden Hills <br /> • FPAC Meeting for May 6, 2010 <br /> \\Metro-inet.uslardenhillslAdminlCommittees&Commissions\FPAC120101050610-FPACMemo-Arden Village-Sand Companies.doc <br /> Page 3 of 3 <br />