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A—R-DEN HILLS CITY COUNCIL—March 8, 2010 5 6.A. Planning Case #09-021 Arden Village, LLC (Jamie Thelen) 1296 County Road F — Conditional Use Permit Amendment, Rezoning, and Comprehensive Plan Amendment, Preliminary and Final Plat, and Master and Final Planned Unit Development (continued) vinyl siding and they proposal is for 4.4% of the parking lot to be made of parking islands verses the required 10%. Mr. Jamie Thelen, CEO for Sand Companies, Inc., provided the Council with an update on the funding request. They did not receive funding in the last request but they will be resubmitting their application for possible funding in October. He also stated Sand Companies had met with Land O' Lakes, Boston Scientific, and Bethel University to discuss their concerns. Sand Companies has provided the Council with a list of options they are willing to provide in order to meet the concerns of the surrounding companies. He stated these could be added as conditions to the PUD if necessary. Councilmember Grant asked for a definition of workforce housing and what type of demand there is for this type of housing versus other types of housing. Mr. Thelen stated these apartments are designed for working families and those families just starting out who are not able to afford a home at this time. The maximum income for a family of four is $50,000 and there is no rent subsidy. Sand Companies will do screenings to be sure that people can pay their rent including employment and income verifications. Tenants will be responsible for paying their rent. The limit for housing expenses is no more than 30% of a person's income can be used for housing. The expected rents for the property are: $755 for a one bedroom, $904 for a two bedroom, and $1043 for a three bedroom. He stated that their market research has shown that in this area the demand would be strong. Due to the tighter restrictions for loans to purchase homes, more families are renting. The workforce housing that Sand Companies currently owns has about a 96% occupancy rate. The Maple Grove facility was opened in May of 2009 and was filled within thirty days. Councilmember Holden asked if the income verification was done annually and questioned what would happen if a family of four is making more than the maximum amount of$50,000 or if their housing to income ratio is more than 30%. - Mr. Thelen stated Sand Companies uses a third party verification company to verify income and employment before an apartment is rented. This verification is done each time a new lease is signed, 1x Th;%L i Ls (Verifications are not performed annually as reported by Mr. Thelen in his email from March 16, 2010, in Planning Case 09-021). Once a person is in the apartment they can stay there for the full term of their lease no matter what. Sand Companies does have income limits for a person who has been certified and living in the apartment. If the rent is being paid and they are below the income to housing ratio of 30% they would not be asked to leave the apartment. Sand Companies would work with them at the time to renew the lease if the rent has been paid in the past. Councilmember Holden asked how many people were allowed in each unit.