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Last modified
7/17/2007 9:25:33 AM
Creation date
5/13/2005 4:37:49 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
10285
Resolution Title
AUTHORIZING CONTINUATION OF THE CONTRACT FOR EXCLUSIVE NEGOTIATIONS BETWEEN THE CITY OF ROSEVILLE, MINNESOTA AND THE ROTTLUND COMPANY, INC. FOR THE TWIN LAKES REDEVELOPMENT AREA
Resolution Date Passed
3/14/2005
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<br /> <br />ted Demand for Senior Ownership Housing, 2005 and 2008 <br />.akes Competitive Market Area <br /> <br />emand <br /> <br />ted Household Base <br />I Homeownership Rate <br />;) Potential Local Market Base <br />I Ownership Product Short-Term Penetration Rate (3 year period) <br />,) Short-Term Demand Potential <br />.) Existing Senior Ownership Units <br />;) Market Overlap with Existinq Senior Rental (50% of all independent senior rental) <br />s) Excess Local Demand Potential <br />Estimated Additional Demand from Outside Market Area @, 25% <br />s) Total Short Term Demand (3 Years) in 2005 <br />;) Projected New Senior Ownership and Co-op Construction (not including subject project) <br />; Market Overla with Planned Senior Rental 50% of all lanned inde endent senior rental <br />Is) Projected Short-Term Surplus or (Shortage) (Over 3 Years) <br /> <br />emand . <br /> <br />lted Household Base <br />) Homeownership Rate <br />s) Potential Local Market Base <br />) Ownership Product Short-Term Penetration Rate (3 year period) <br />s) Short-Term Demand Potential <br />;) Existing Senior Ownership Units <br />:;) Market Overlap with Existinq Senior Rental (50% of all independent senior rental) <br />Is) Excess Local Demand Potential <br />Estimated Additional Demand from Outside Market Area @, 25% <br />Is) Total Short Term Demand (3 Years) in 2008 <br />:;) Projected New Senior Ownership and Co-op Construction (not including subject project) <br />s Market Overla with Planned Senior Rental 50% of all lanned inde en dent senior rental <br />Is) Projected Short-Term Surplus or (Shortage) (Over 3 Years) <br /> <br />---- <br /> <br />8,131 5,170 5,085 18, <br />89% 89% 69% E <br />7,237 4,601 3,509 15, <br />2.0% 8.0% 16.0% 7. <br />145 368 561 1,' <br /> <br />9,211 5,593 4,894 19,' <br />89% 89% 69% E <br />8,198 4,978 3,377 16, <br />2.0% 8.0% 16.0% 6. <br />164 398 540 1, <br /> <br />e: GVA Marquette Advisors <br /> <br />( <br />
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