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�.� EN HILLS <br />MEMORANDUM <br />DATE: May 25, 2010 <br />TO: Mayor & City Council <br />FROM: Meagan Beekman, City Planner <br />SUBJECT: Arden Village Workforce Housing — Continuation of Revised Letter of <br />Support for Housing Tax Credit Application <br />Action Request <br />Consider a motion to continue to the June 14, 2010 meeting, the Sand Companies, Inc. Request <br />for a Letter of Support for Housing Tax Credits with the Minnesota Housing Finance Agency for <br />up to $575,000 in Public Assistance. <br />Back�round <br />Staff is asking that this item be continued to the June 14 meeting in order to provide additional <br />time to review assistance options. The Financial Planning and Analysis Committee is meeting <br />on June 8 to go over the information provided by Sand Companies, Inc and the appraisal for the <br />tower. In addition, it will be helpful to continue the Council's discussion of the letter of support <br />to a meeting where all Councilmembers will be present. <br />City ofArden Hills <br />City Council Meeting fo� May 24, 2010 <br />IIMet�o-inetlardenhillslAdminl CouncillAgendas � Packet Information1201015-24-10 RegularlPacket Information1052410 - CC Memo - Arden <br />Village - Sand Companies.doc <br />Page 1 of 1 <br />