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J�� g, 1s�6 T0: Ci�y Cotuicil FROM: Howard Dahlgren Associates SUEJECT: Canadian FinanciaZ Corporation Ho2asing Propasal We reported last week, that Canadian Financial Coxparation had redesigr�ed their praposed housing project on Sne�ling Avenue (north a� the Rose Drive- in Theatre) to include the fol.Iowing changes; l. Reduction af the building he�.ghC fro�n 7 stories ta 5 stories. 2. Reduction in the n�er o� eZdex-Iy uni�s hy a total af 18 units. 3. Reduction in the ntunber o£ car spaces for �he elderZy from 24 to lb, by elimination o� one of the garages. 4. Added organized play space for the family hausing areas. 5. Aropping the one acxe area -to be rezoned tca be accupied by �e ponding area. The ponding area wi.11 be a part of the proj�ct and will be occupied by the pond as proposed, bu� wi11 rem�i�, zoned B-2 as zs now the �ase. You wzll hope£ully have had an opportunity to review �.he existing development on Rhode Island Avenue in Go].den VaZley whirh, as you know, is alr:iost i.den�.ical in building deszgn concept to the pxaject praposed in. R�seville, It is genera3Zy recogniz�d in the metxapa�i�an area as one of the bettex 'Tmixed housing" c�ve�op' ments �eaturing elderly occupancy and £am�Iy living units on the same site. We have checiced with the staff of the City af Go�den Valley and �ind that they xegard the development as we�l d.one and success£ul. A reduc�ion in the height af the ovexall building wz11 cextainly ma�eria�ly aid the clegree of acceptance and cvmpatability with single farniZy residznti.a7. development in the area. TI�e accampanying reduc�iQn in density (18 fe�,�er elderly �.mits) derives a more spacious arrangement, and would appear to be well acca�r!odated in the site plat�. The small childr.ens pZay area and equi.pment have been added i.n fhe open spaces within the �amily livixxg area. This wi12 b� he�pful for sma�Ier chi3dren. The presence of athletic area for the ele�ntary school on the cantiguot�s praperty, of caurse, is the lcey feature that provxdes recreational space. We suggest �he changes proposed a11 constitute improve- rt�ents af some signif�cance, and. i.n. the averall make the propasaZ a xeasonabie can.diclate far positzv� actian. 1+Ye previously comrnente�. on the relative assets o� this project in qu�stzan as it relates to the second elderly projec� in Rosevzlle. Canversations �rith represe;�taiives of the Miru�eso�a Housing Finance Agency defini.te.ly indicate the possibility of approval fox on.ly one o�' the projects in the City. The respnnsi.bility for making this choi.ce lies with the agency `vho has established the criteria and regtzlarly makes such choices within vaxious cozYUnuni�i,�s. The ques��on before the City is whether or not the proposal is appropxiate on �hi$ specifie site irrespective of campetition elsewhere.