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<br />- -~--- __ __ __ ________u____ <br />-z(" -- -'1 <br />WHEREAS, those negotiated affordable and life-cycle housing goals are as follows: I <br />Housing Component Goal Ii <br />Affordability - Ownership 65 percent <br />Affordability - Rental 35 percent I <br />Life-Cycle - Type (non-single family detached) 27 to 36 percent I <br />Life-Cycle - OwnerlRenter mix 75 to 83/17 to 25 percent <br />Density - Single family detached 1.8 to 2.3 units/acre I <br />Density - Multifamily 9 to 12 units/acre <br />WHEREAS, for calendar year 1998, a metropolitan area municipality that participated in the I <br />Local Incentive Account Program during the calendar year 1997, can continue to participate <br />under Minnesota Statutes 473.254 if: (a) the municipality elects to participate in the Local I <br />Housing Incentives Account Program by November 15,1997; and (b) the Metropolitan Council <br />and the municipality have successfully negotiated affordable and life-cycle housing goals for the <br />municipality; and I <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills, <br />Minnesota, that the City elects to continue to participate in the Local Housing Incentives ~ <br />Program under the Metropolitan Livable Communities Act during the calendar year of 1998. <br />PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS I <br />THIS 15TH DAY OF DECEMBER, 1997. <br /> I <br />DENNIS PROBST, MAYOR I <br />ATTEST: I <br /> I <br />BRIAN FRITSINGER, CITY ADMINISTRATOR I <br /> ~ <br /> --~ <br /> II. <br /> Ir <br />-------- <br />