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Regular City Council Meeting Monday, February 23, 2015 Page 26 While lacking variety, Councilmember Laliberte asked if they had any concerns in marketing these units, or if they would be less desirable and salable; and asked at what rates they felt they could be moved. Ms. Reuter stated that, while the original proposal provided great and unique op- tions that would appeal to multi-property neighborhoods, based on their sales ex- perience around the metropolitan area and demand for one-level townhomes, she found no reason to doubt their marketability. Ms. Reuter noted that, with any new construction, she saw no problem selling the first phase of the project and selling it out quickly, and that the only concern appeared to be in financing the phases without more concrete and comparable appraisals in Roseville. Mr. Stockwell concurred with Ms. Reuter's comments; and based on inquiries to- date as previously noted, he anticipated ongoing demand for one-level units based on current demographics, but also seeing no decline in the demand for multi-level units either. Ms. Reuter stated that she had full confidence in either project option, but for it to develop quicker with the more conservative approach that would be safer for the City if that was of great importance to them. Either way, Ms. Reuter advised that she saw no problem in selling them, but anticipated the one-level units would sell more quickly based on current demand. Ms. Reuter noted that any new construc- tion in Roseville, as a fully developed community with limited housing stock op- tions, attracted a lot of attention. Mr. Stockwell concurred that one level units will be safer; and questioned the pro- jected length of construction time for all phases, as referenced by Councilmember Etten between 2015 to 2018 based on GMHC presentations and discussions at the HRA level. Mr. Stockwell opined that, as a marketer of new construction, his firm couldn't even come close to the demand for new construction, and since GMHC had a dedicated builder team ready to go, he anticipated a much quicker construction timeframe. Ms. Reuter noted that the quicker the project got started, the sooner the units could be sold. In an effort to confirm what she was hearing, Councilmember McGehee stated that she wished the 18 unit proposal was actually the one before the City Council, as it was a product for which they understood there was a need. Councilmember McGehee noted that, from her recollection, that type of unit was in the appraisal and approved by the bank as a known quantity, and no further requirements were needed; and needed less site work since it was less dense. Councilmember McGehee suggested that the neighborhood would be supportive of that option, and sought further comment from GMHC as to her understanding and a timeframe for that option and whether or not it would still need to be phased.