2021-04-28 WS & CC Meeting Minutes - Approved

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City of Centerville Council Meeting Minutes April 28, 2021 he agreed that it would be for them as well, just because it is more inexpensive. The design intent was to create a mixed material which is popular because it breaks up the surfaces. He stated that they are open to input from the City as to what would look good. An Apollo Development representative, stated that many of the concerns raised about EIFS is because their information is from the industry from 20-30 years ago. He explained that the product has changed over the last 30 years and noted that many of the issues that were associated with this product were from it being put in incorrectly. He stated that there has been more training into how to install it correctly and the process now really creates a substantially better and safer exterior material than the other products that are out there. He stated that it is more expensive but creates a better barrier to the weathering. Mayor Love stated that one of the other questions that he has seen frequently from the public is the question about the management company and the quality of their work as well as some of their on-line ratings. Mr. Harchanko stated that a representative from the management company was not in attendance at the meeting tonight, and would prefer to have them answer that line of questioning. Administrator Statz gave a brief overview of the tax analysis that was conducted by the CityÓs appraiser. He noted that valuations of apartment buildings are based more on the income, so they looked at the rents and occupancy rates. The valuation came out to $16.5 million, tax class rate of 1.25% for a market rate apartment which means the total estimated taxes are $287,000, with the City portion being $105,000. He reviewed the difference between this proposal and a generic commercial building and noted that the estimated City portion would come out to $35,000. He reminded the Council that there were comments and thoughts regarding this proposal from the police chief included in the packet. He reviewed the analysis of the public safety costs that would be associated with this proposal and explained the formula that he had used to analyze the data. He stated that the increase in costs for public safety would be $24,000 and noted that this is a fairly small component of the CityÓs budget. He noted that he had also done an analysis by assuming that an apartment causes more police and fire calls than average and by doubling the rate he found the total cost to be $31,000. Council Member Mosher asked what the definition of a luxury apartment is versus a standard apartment. Mr. Harchanko explained that it is driven by the market which will change over time. He noted that they get some of the information from the management company because they have their finger on the pulse of the consumer. He stated that currently what is very popular in that price point has certain requirements such as solid surface countertops such as quartz, large, and numerous windows. He stated that carpet is not as desirable in this market, however there needs to be a balance because they have to deal with noise complaints if there is not carpet in heavily used areas. He stated that other desired features are fixtures, stainless steel appliances, 9-foot ceilings, upgraded kitchen cabinetry, tile backsplashes, and other amenities like community rooms, dog washing areas, and exercise rooms. Council Member King stated that at MondayÓs Planning and Zoning Commission meeting there Page 20 of 26