Laserfiche WebLink
<br />lo--(-qq <br /> <br />livable Communities Demonstration Account <br />of the Metropolitan Livable Communities Fund <br /> <br />1999 Application <br />Submitted October 1, 1999 <br /> <br />1. Project Name <br />HM1LINE COMMONS MIXED USE PROJECT <br /> <br />2. Applicant and City <br /> <br />Applicant: <br />City located in: <br /> <br />City of Roseville <br />Roseville <br /> <br />" <br /> <br />3. Amount of Funding Request <br />$600,000 LCDA; $250,000 Transit <br /> <br />4. Category <br /> <br />A - COMPACT MIXED-USE TRANSIT-ORIENfED REDEVELOPMENT <br /> <br />5. Project Summary <br /> <br /><' <br /> <br />Hamline Commons includes the redevelopment of an aging and undemtilized retail <br />shopping strip mall called Hamline Shopping Center. The proposed Project includes <br />a reconfiguration of the site to increase density by adding 120 units of senior housing <br />and 40,000 square feet of new neighborhood retail, office and educational space and a <br />common area promenade that will serve as the gateway to the SUlTOunding multi <br />family residential neighborhood and will include a transit shelter at the entry of the <br />promenade. In addition, the City is requesting funds to provide deferred loans to <br />families who buy homes from the seniors that move into the new development The <br />funds will be used to buy down the cost of 10 homes to an affordable level based upon <br />the Metropolitan Council's affordability index. <br /> <br />Page 1 <br />