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REQUEST FOR ECONOMIC DEVELOPMENTAUTHORITY ACTION Date:04/18/2017 Item No.:7.b Department ApprovalExecutive DirectorApproval Item Description: Receive Presentation from SandsDevelopment, LLC for Proposed Multi-Family Lifestyle Community Located on Old Highway 8 B ACKGROUND 1 Sands Development, LLC is proposing to build 209 units of mixed-income rental housing on a8.71 2 acre residential site located near the southeast corner of County Rd. D and Old Highway 8. The 3 property is surrounded by commercial to the north, high density to the south, commercial and 4 medium density residential to the west and Highway 88 to theeast (Attachment A). The property is 5 zoned HDR-1 (High Density Residential) which allows for the development of multi-family rental 6 housing (Attachment B). 7 The proposal includes three multi-family buildings along with a community building. The multi- 8 family buildings will have multiple story heights to break up the building elevations, but no building 9 will be greater than four-stories. The community building will serve the whole development and 10 includes a management/leasing office, fitness room, conference room, maintenance office, storage 11 space, reception area, and a pool area with sundeck. 12 The development will be designed to have outdoor amenities to serve all of the residents from 13 preschool up to adults. A tot lot area will serve younger children, a picnic/recreation area with 14 benches and grills will serve families along with large open green spaces to throw balls and enjoy 15 lawn games. Additionally, the development will incorporate a foot gravel walking/fitness trail 16 around the perimeter of the site that will have access to the public from two locations along Old 17 Highway 8. 18 Some of the amenities that the Developer is proposing includes creating a connection to Sandcastle 19 Park for the neighborhood to access the public trails along the perimeter of the sitethat would have 20 workout stations, linking sidewalks to transit, and place-making of two entrance kiosks to the public 21 trail. Additionally the developer would like to incorporatean enhanced storm water management 22 plan that would capture run-off water for irrigation of the site as well as incorporating a solar energy 23 system. The Developer will walk the Roseville Economic Development Authority (REDA) through 24 financing options for the development that would address building some of the amenities (See 25 attachment C for details on the proposed development). 26 27 The developer will provide conceptual plans at the meeting to seek questions and feedbackfrom the 28 REDA. If the REDA would like to continue exploring development of this site then it would come 29 back to the REDA or City Council for further discussions of financial support.However, if the 30 Page 1of 2