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REQUEST FOR COUNCIL ACTION <br /> Date: February 9, 2014 <br /> Item No.: 11.a <br />Department Approval City Manager Approval <br />Item Description: Sherman Associates Update of Twin Lakes Apartment Development <br />B <br />ACKGROUND <br />1 <br />On June 9, 2014, the City Council approved a resolutions of support for the submittal of <br />2 <br />applications for funding from both the Minnesota Housing Finance Agency and the Met <br />3 <br />Council’s Livable Communities Demonstration Account (LCDA) and a resolution for financial <br />4 <br />assistance. In mid-January, final notification was received that these outside agency competitive <br />5 <br />funding requests were successful. <br />6 <br />During the long funding cycle process between June and January, there has been increased <br />7 <br />awareness of this proposed development in the community and this awareness has raised <br />8 <br />neighborhood questions and concerns. <br />9 <br />Staff recommended that Sherman Associates come before the City Council to provide an update <br />10 <br />on the development now that its outside funding milestone has been passed. The goal of the <br />11 <br />presentation is so that Sherman Associates can update the City Council on any significant <br />12 <br />events/issues since June as well as outline the anticipated next steps. This update also provides <br />13 <br />an opportunity for the City Council to engage the developer with any questions, comments or <br />14 <br />concerns that may have arisen in the eight months since the support and financial assistance <br />15 <br />resolutions were approved. <br />16 <br />Staff has notified the Twin Lakes Neighborhood Association of this update presentation and has <br />17 <br />also notified all the individuals who have asked to be notified on the Twin Lakes project web <br />18 <br />page. <br />19 <br />SR <br />TAFF ECOMMENDATION <br />20 <br />This presentation is for informational purposes only and therefore there is not a staff <br />21 <br />recommendation. <br />22 <br />RCA <br />EQUESTED OUNCIL CTION <br />23 <br />No Council action is being requested. <br />24 <br />25 <br />Prepared by: Paul Bilotta, Community Development Director <br />Attachments: A: Site Plan <br />Page 1 of 1 <br /> <br />