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Attachment B <br />#¨³¸ ®¥ 2®²¤µ¨««¤  ­£ 2®²¤µ¨««¤ %¢®­®¬¨¢ $¤µ¤«®¯¬¤­³ !´³§®±¨³¸ <br />#§¤¢ª«¨²³ ¥®± 0´¡«¨¢ &¨­ ­¢¨­¦ #±¨³¤±¨  <br /> <br />7±¨³³¤­ . ±± ³¨µ¤ <br /> <br />Αȁ 0±®©¤¢³² ³§ ³ - ¸ 1´ «¨¥¸ ¥®± 0´¡«¨¢ &¨­ ­¢¨­¦ !²²¨²³ ­¢¤ ȨͰΓ ®¥ 0®«¨¢¸ȩ <br /> <br /> ȩ )­  ££¨³¨®­ ³® ¬¤¤³¨­¦ ³§¤  ¯¯«¨¢ ¡«¤ ±¤°´¨±¤¬¤­³² ®¥ 3³ ³¤ « ¶Ǿ ³§¤ ¯±®©¤¢³ ²§ «« <br />¬¤¤³ ®­¤ ®± ¬®±¤ ®¥ ³§¤ ¯´¡«¨¢ ¥¨­ ­¢¨­¦ ®¡©¤¢³¨µ¤² ®´³«¨­¤£ ¨­ 3¤¢³¨®­ Δȁ <br /> <br />The Section 1 narrative demonstrates how the project will meet three of the public <br />financing objectives which are b), c), f) and g). <br /> <br />¡ȩ 4§¤ £¤µ¤«®¯¤± ¬´²³ £¤¬®­²³± ³¤ ³® ³§¤ ² ³¨²¥ ¢³¨®­ ®¥ ³§¤ #¨³¸ ³§ ³ ³§¤ ¯±®©¤¢³ ¨² ­®³ <br /> <br /> <br />One of the many goals of mixed income developments is to provide housing options for <br />residents with a wide range of incomes while still offering housing that has similar qualities, design, <br />amenities and location. Challenges are typical with mixed income developments particularly related <br />to financing structures. The most common approach to overcome financing challenges is to obtain a <br />wide variety of sources including pairing local, state and federal funding. <br /> <br />Edison <br />mixed income development. But for the requested assistance, this type of development would not <br />be financially feasible. <br /> <br />/±£¨­ ­¢¤²Ǿ $¤²¨¦­ '´¨£¤«¨­¤² ®±  ­¸ ®³§¤±  ¯¯«¨¢ ¡«¤ « ­£ ´²¤ £®¢´¬¤­³²ȁ <br /> <br />Comprehensive Plan. Section 6 of the 2030 Comprehensive Plan outlines how the <br />development of housing and neighborhoods should be guided. The introduction outlines the need <br />for diverse, affordable and high-quality housing which will be critical components in defining <br />Roseville, maintaining a healthy tax base and retaining residents and businesses. As described in <br />other narratives of this application, the Edison development is very consistent with this aspect of <br />the Comprehensive Plan. <br /> <br />The Comprehensive Plan also states the City should consider strengthening its strategies to <br />promote the development of new affordable, rental housing. One such strategy can be the use of the <br />requested tax increment financing. As demonstrated in other narratives in this application, but for <br />local assistance, mixed income housing may not be able to be developed in Roseville. This can be <br />evidenced by the fact that the City has not attracted a significant number of new rental units over <br />the past ten years according to the Comprehensive Plan. <br /> <br />multifamily housing units, sites have <br />been identified including sites that are guided for certain residential land uses such as high density <br />housing. The site for Edison is identified in the Comprehensive Plan as HR High Density <br />Residential so the proposed development is consistent with this guiding. <br /> <br />Overall, Edison is consistent with the 2030 Comprehensive Plan. The development will also <br />help the City meet housing goals of the Plan including but not limited to, providing a wide variety of <br />housing options, projects with a sense of community and integration of environmental stewardship <br />through green building activities. <br /> <br /> <br />