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2017_0605_REDA Minutes
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2017_0605_REDA Minutes
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Economic Development Authority
Commission/Committee - Document Type
Minutes
Commission/Committee - Meeting Date
6/5/2017
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REDA Meeting <br /> Minutes—Tuesday,June 5,2017 <br /> Page 5 <br /> Mr. Thelen responded that a market study was being conducted at this time, <br /> with the proposed project currently for 209 units. Mr. Thelen advised that any <br /> significant changes in potential funding sources would require another look, <br /> and possibly phasing the project; with his company's interest in how the <br /> project is currently laid on and without a second plan in place at this time. <br /> However, Mr. Thelen advised that there may be other developers interested in <br /> pursuing a project on the site other than his firm. <br /> At the request of Member Etten, Mr. Thelen advised that while not completed <br /> yet, verbal confirmation of the market study indicated demand for the project <br /> as currently formatted, with the affordable portion specifically tied to his <br /> firm's presentation to their lender(s). <br /> At the request of Member Laliberte, Mr. Thelen advised that he was well <br /> aware of the city's current tree preservation ordinance and had been in <br /> discussion with staff about it and had figured those costs into their financial <br /> projections accordingly. <br /> At the request of President Roe, Mr. Thelen reviewed the proposed site plan <br /> for the benefit of the public, as well as proposed amenities. <br /> At the request of Member McGehee, Mr. Thelen advised that his firm had not <br /> performed a tree survey at this point to determine the number of replacement <br /> trees and those that could be fit on the site or would need located elsewhere to <br /> meet city code requirements. <br /> At the request of Member McGehee, Mr. Thelen reviewed his firm's first <br /> meeting with Metro Transit regarding bus connections and frequencies; and <br /> while not having the information available, with President Roe referencing the <br /> April and May REDA meeting packets that included that data. <br /> At the request of Member Laliberte, Mr. Thelen reviewed the Metropolitan <br /> Council's request for re-orientating the buildings to provide resident access <br /> immediately accessible to the trail and green space, and recreation areas and <br /> the community building. Mr. Thelen advised that his firm had considered that <br /> layout early on, but preferred to keep the layout in a more circular community <br /> feel, as well as making the rights-of-way more enhancing and to have more of <br /> a prominence on Old Highway 8. While this suggestion from the <br /> Metropolitan Council had come from their in-house architects and staff, Mr. <br /> Thelen noted that it was a recommendation and not a mandate. Mr. Thelen <br /> advised that he welcomed feedback from the city and public on that <br /> orientation, but opined he and his development team differed in resident access <br /> to recreation areas versus the parking lot from their units. In general, Mr. <br /> Thelen reported that the Metropolitan Council supported the initial project and <br /> invited a full application. <br />
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