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Attachment F In terms of the city’s commitment to affordable housing credits, Chair Boguszewski asked ЊЊБ city staff if the City of Roseville was in line with, ahead of or behind Metropolitan Council ЊЊВ and/or other agency guidelines; and whether or not this project would help the city achieve ЊЋЉ their housing goals. ЊЋЊ Interim Community Development Director Collins noted the recent presentation provided by ЊЋЋ former Community Development Director Paul Bilotta several months ago related to this ЊЋЌ data, and from her recollection, the City of Roseville was currently in a satisfactory position ЊЋЍ for affordable housing options, reminding all that those guidelines that these were ЊЋЎ recommendations, not requirements. Ms. Collins stated she would get this additional ЊЋЏ information to the Commission. ЊЋА Member Daire asked staff to provide a worst case scenario from a density standpoint for this ЊЋБ site if rezoned to HDR-2 as requested; and if negative economic or market issues repeated ЊЋВ before this project could develop. In other words, Member Daire asked what could be ЊЌЉ developed (e.g. height of building(s) and maximum number of units) and what that might ЊЌЊ look like on this site. ЊЌЋ First prefacing his response on his belief that this site could not feasibly support 250 units on ЊЌЌ this site based on current city code, Mr. Paschke advised that a maximum worst case scenario ЊЌЍ could be for a roughly 9-story, 95’ building with a maximum of 250 units could be built, ЊЌЎ even though he could not accurately determine the maximum density, but this was ЊЌЏ presupposed on current city code. Mr. Paschke also noted that the actual number of stories at ЊЌА that maximum height of 95’ would be dependent on the project itself and height of floors. ЊЌБ However, Mr. Paschke questioned the actual market for a nine-story building in Roseville, ЊЌВ even in a booming economy, or a market for tall buildings throughout the metropolitan area. ЊЍЉ If so, Mr. Paschke suggested the community would have multiple high-rise buildings. ЊЍЊ However, Mr. Paschke stated he was unable to predict what may happen if and when this ЊЍЋ parcel is rezoned; but opined he found it highly unlikely that a nine-story building would be ЊЍЌ constructed on this or any other site in Roseville. ЊЍЍ Member Daire clarified that the rationale for his question was based on a maximum 95’ ЊЍЎ height limit and discussion of parking and the traffic study for a 250 maximum unit ЊЍЏ development and traffic generation accordingly. While this is fairly hypothetical on one ЊЍА hand, Member Daire stated he was attempting to get a handle on what the site could possible ЊЍБ look like; and what his perception may be if he lived across the street from this development ЊЍВ and concerns he may have with horror stories for possible height and density development ЊЎЉ that could occur. ЊЎЊ Member Kimble asked if the tax credits were the only funding gap for the capital project, or ЊЎЋ if others were being considered. ЊЎЌ Mr. Bakker responded that the developer was applying for tax credit funding, as well as other ЊЎЍ sources depending on if and when the application deadlines would impact the project itself, ЊЎЎ some of which had already been eliminated due to timing. While unable to identify all ЊЎЏ funding sources under consideration at this point, Mr. Bakker confirmed that they were ЊЎА considering additional funding beyond tax credit funding. ЊЎБ Member Kimble stated the reason for her question was as it related to feasibility and ЊЎВ readiness for this specific development proposal. ЊЏЉ tğŭĻЍƚŅБ