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ARDEN HILLS CITY COUNCIL WORK SESSION-AUGUST 17 2009 3 Community Development Director Lehnhoff noted that the City could create a new TIF district on this property that captures the increment produced or the other option would be to extend the Cottage Villa's district an additional 10 years. Based on the calculations, this extension would create $545,000 over the next 10 years, and would be restricted to affordable housing. Discussion ensued regarding the benefits of the current TIF district. Mayor Harpstead indicated it would seem to be more efficient to extend the current TIF district to save the administrative expenses of establishing a new district. Mayor Harpstead questioned if the affordable housing projects are ever done in conjunction with market rate rents. Mr. Thelen stated this type of mix has not been successful and that the affordable housing units were more attractive at this time. He felt this was not a real good option anymore. Councilmember McClung stated there were several challenges with this site, one being the interstate and sound issues. Mr. Thelen stated he was aware of the properties location stating his company looks for these corridors because it had high visibility. Mr. Denny explained that the MHFA was aware of the sound concerns and that they would be using better windows on the building and hoped that the mature trees would be salvaged. Councilmember McClung noted the traffic from the County Road F could also be a concern due to the large volume of traffic. Mr. Denny stated this has been noted and that the workforce housing traffic may differ from the typical residential traffic as they may work split or night shifts, which spreads out the traffic patterns. Councilmember Holden expressed concern about the traffic as well. She questioned if the cement board was within the residential design standards.