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<br />6. Provide an incentive for new young family ownership within the <br />community by providing up to 10 subsidized "buy down and <br />renovation" packages for housing being sold by seniors. <br /> <br />7. Create a pedestrian friendly, new neighborhood pathways and <br />mixed use opportunity to reduce incidental trip generation beyond <br />the neighborhood. <br /> <br />8. Introduce hi-tech communications through fiber optic cable to <br />assist in "on-line" shopping and delivery, as well as medical <br />sernces. <br /> <br />9. Provide incentive to redevelop an existing under leased shopping <br />center and reduce impervious surfaces. <br /> <br />Hamline Commons will assist a first ring city (Roseville) to complete <br />redevelopment of an existing under performing (less than 50% leased) 40 year <br />old shopping center into a community asset. The project will add 120 housing <br />units with over 40,000 s.f. of new first floor neighborhood retail and <br />neighborhood office and educational services on approximately 6.0 acres. The <br />Hamline Commons will be transit and pedestrian friendly for the <br />neighborhood and will provide a central gathering place for visitors to the <br />center, seniors within the complex and the surrounding residential <br />neighborhood. <br /> <br />The Hamline Commons will provide underground parking to minimize the <br />impervious surface and maximize density and green space as well as linkages <br />through improvements to the pathways and sidewalk systems to the adjoining <br />multifamily neighborhood surrounding the project area. <br /> <br />The Hamline Commons area is part of an 85 acre campus of single family, <br />duplex, senior condominium, market rate aparbnents, 2 churches and <br />66,000s.f. of retail, 2 office buildings totaling over 50,000 s.t:, and subsidized <br />senior and family housing. In addition, the city owns 14 acres of nearby <br />recreation land with a city recreation center (Arona C~nter) which is scheduled <br />for redevelopment to mixed use, intergenerational and multi level income <br />housing redevelopment within the next 2 years. <br /> <br />The Hamline Commons project is consistent with the City's Comprehensive <br />Plan (Section 4, Land Use, Planning District 3, page 3) which projects that the <br />existing shopping center, currently located within a mixed residential area, <br />could redevelop as a smaller neighborhood center accompanied by additional <br />multi-family structures. The property in currently designated on the <br />comprehensive plan for medium density housing and business uses. The <br /> <br />Page 4 <br />