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<br />City Council Study Session - 03/20/06 <br />Minutes - Page 5 <br /> <br />City Council majority's millions of dollars of subsidy to the <br />Twin Lakes redevelopment project and the City's limited <br />resources for other projects. <br /> <br />Mayor Klausing sought clarification from Ms. Ciganik regarding <br />the City's role as a co-applicant on some grant funding <br />applications. Mayor Klausing respectfully disagreed with <br />Councilmember Ihlan's perception of the City's only interest <br />being in the Twin Lakes Project and opined that this would be a <br />personal high priority, and he hoped with concurrence by the <br />Council majority, to provide mixed-use housing while re-using <br />existing facilities to do so. Mayor Klausing questioned the <br />availability of Habitat for Humanity or other entities to assist <br />with the rehabilitation of facilities. <br /> <br />Councilmember Kough sought the commitment of the CCHT as <br />a long-term partner in the community, rather than renovating the <br />apartment complex as promoted, only to become a market-rate <br />property in the near future. <br /> <br />Ms. Ciganik sought Council input as to how such a project <br />ranked in the City Council's priorities with the vast amount of <br />requests brought before the Council; availability of private <br />corporation assistance in some communities; formation of a legal <br />partnership for all CCHT properties as a long-term, tax-paying <br />Limited Partnership entity; and noted that when CCHT signed on <br />deferred loans and received other resources, most required a 30 <br />year commitment that those resources would be used for that <br />specific time, and if not CCHT would be required to pay back <br />those resources if the facility were sold before that time <br />commitment. Regarding using Habitat for Humanity or other <br />entities in the rehabilitation, Ms. Ciganik noted it depended on <br />the specific project, but if partnership could be used, CCHT was <br />amenable, noting that CCHT developments were about the <br />community, not about CCHT. Ms. Ciganik addressed the <br />percentages of mixed use and income units at approximately a <br />50/50 breakdown in lower rents and market rate units, advising <br />that CCHT was still determining and reviewing what would be <br />financially feasible; and defining the true definition of market <br />rates depending on the workforce availability and job market in a <br />specific area based on median income and what the market <br />