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REDA Meeting Minutes—Tuesday,April 18,2017 Page 7 years; deferred loans with MN Housing and the Metropolitan Council; and use of federal housing tax credits. Mr. Thelen noted that with this proposed financing package, there were several time-sensitive grant and pre-grant applications due in May and June of 2017 for the project to proceed on schedule; and sought city support or interest in the project. Member McGehee asked about the different amenities in the proposed buildings. Mr. Thelen advised that the goal as displayed in this rendering was to ensure the buildings were similar in appearance, with affordable building tenants having access to all amenities. Member McGehee questioned why it was then necessary to segregate the affordable units in a separate building. Mr. Thelen responded that it was related to funding sources, with certain sources only tied to affordable housing (e.g. MHFA) making it impossible to record mortgages and loans on different parcels versus one distinct parcel. Unfortunately, Mr. Thelen advised that was how financing was currently structured. Mr. Thelen further noted that on the affordable side, there were different requirements for affordable mixes (e.g. family housing providing for more bedrooms). With his firm's goal for a 209-unit project, Mr. Thelen stated that it would be impossible to accomplish in the development world without that separation of affordable and market rate units. As she had frequently stated, Member McGehee stated that she didn't think it was impossible, and that she was aware of developers who made it work. While liking the proposed amenities, Member McGehee stated that she didn't like the "have" and"have not"buildings. At the request of Member Laliberte, Mr. Krause reviewed past use of solar panel carports even though it was a newer part of solar technology especially in the Minnesota market. However, Mr. Krause advised that they had done 7-8 applications similar to this across the country. Mr. Krause noted that the challenge was to provide a structure sufficient to hold the panel off the ground while also conserving parking capacity. Mr. Krause noted that it created an attractive parking space with some shade from sun in summer and protection in winter from snow, ice, and rain, making these parking spaces better and more sought after. While agreeing that initially they appeared unique and more attractive, Member Laliberte asked how the building materials for these supports weathered over time (e.g. their supports) or whether this technology had been in place long enough for such an analysis.