CC_Minutes_2015_0209 - Laserfiche WebLink

Home

Regular City Council Meeting Monday, February 9, 2015 Page 5 brief background of the development team, proceeded with the presentation, along with Mr. Wilson. Link Wilson, Kaas Wilson Architects Mr. Wilson noted the location of the two buildings, as well as a small retail com- ponent proposed as part of the development. Mr. Wilson advised that the latest parking design exceeded City requirements, and incorporated additional green space as part of the site's stormwater manage- ment improvements and other site amenities; and expressed their willingness to continue work with staff on any revisions or reductions to the surface parking at staff's discretion. Mr. Wilson noted that current plans provided 72 underground parking spaces and 56 surface stalls as part of Phase I of the project, as well as a tot lot,bike racks and entrance drop offs. Mr. Sherman reviewed interior amenities of the buildings, clarifying that while the project was originally intended as a phased project, it would now be proposed as one development anticipating construction of both apartment buildings within the same eighteen month period. Mr. Sherman noted the current use of the property with significant asphalt and drainage to wetlands to the west compared to the proposed redevelopment efforts that would serve to clean up water and provide stormwater retention within the property boundaries. Mr. Sherman noted their company's pride and history in long-term ownership and management of their properties, as well as incorporating ongoing energy efficiency efforts for their construction projects. At today's costs, Mr. Sherman advised that each unit would cost approximately $140,000 to build, a comparable price to a single-family home, and based on con- struction costs, the quality of exterior and interior products used and long-term maintenance designed into the units from sprinklers, high energy furnaces and ap- pliance. Mr. Sherman noted that the housing industry's changing demographics were making rentals more in demand across the country, creating their own unique mini-communities. Mr. Sherman reviewed the City's priorities as outlined in the 2013 Maxfield Re- search Housing Study as compared to their proposed development in meeting those priorities. Mr. Sherman reviewed the market rate and workforce affordable housing units proposed and rental rates for those units, all broadening the range of housing options for Roseville. Mr. Sherman reviewed the behind-the-scenes activities undertaken by the devel- oper over the last six months and resulting financing commitments and grant awards to support this housing project as well as the separate Twin Lakes Park-