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1998_0217_packet
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1998_0217_packet
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10/10/2011 3:42:30 PM
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2.6 Aftemative #6 proposes 160 affordable senior apartment grits in a 3 to 4 story <br /> building. In another apartment building, 50 market rate apartment units would be built in <br /> a 3 sto ry building.. Underground parking would be required in both buildings. Oakurest <br /> would be moved approximately 80 feet to the north and be reconstructed. Twenty-eight <br /> story owner occupied town h ones and 16 ^ 1 story senior town homes would be <br /> added adjacent to the existing homes on Fry. The project would add approximately <br /> $18,430,000 in new value to the site. The average value of the apartment unit would be <br /> slightly more than $75,000, including land. Over a ten year period slightly more than <br /> � Y <br /> $3.4 million in net new available TIF taxes would be generated. <br /> M-.0 MEsAaDUMESI.sNo <br /> 8 <br />
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