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<br />2,3 Alternative #3 proposes 154 affordable senior apartment units in 3 story <br />buildings with a floor to area configuration not to exceed 30. Underground parking <br />would be required, Oakcrest would not be reconstructed, Six duplex units would be <br />added adjacent to the existing home on Fry. Three commercial buildings (a total of <br />21,300 s.f.) would remain. facing Snelling. The project would add approximately <br />$13.800,000 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 />$1.0 million in net new available TIF taxes would be generated. <br /> <br />M:\JAMESADD\JAMES 1.SNO <br /> <br />5 <br />