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REDA Meeting <br /> Minutes—Monday,July 15,2019 <br /> Page 2 <br /> sort of multimodal connection to Terrace Drive, if piped to Terrace. With <br /> existing traffic volumes on County Road C, ingress and egress to this site at <br /> the two points shown will be challenging and wondered if there have been <br /> some conversations to re-create potentially a third point that gets people in and <br /> out to Terrace. <br /> President Roe asked about looking at the possibly the connection eastward to <br /> Lincoln Drive as an alternative or another connection as well. <br /> Public Works Director Marc Culver indicated there have been conversations <br /> internally. Staff looked at the connections and it would be great to have a <br /> regular vehicular road connection from Terrace Drive to the development, <br /> however, there are a couple of challenges. It does not fit in really well with the <br /> site plan the developer has currently laid out and it would be challenging to <br /> bring the public traffic through there. Another issue is that getting the <br /> connection through the area with the grades would be difficult and the existing <br /> space that is there is too slim and would also be challenging without requiring <br /> some sort of acquisition of the existing businesses. <br /> Member Groff understood the rents would be affordable at sixty percent of <br /> area median income and asked what would trigger a change in the rents or how <br /> would that be figured out. <br /> Mr. Lunderby indicated with the federal assistance provided, it would be a <br /> minimum of a twenty-year commitment. Dominium will be signing land use <br /> agreements, etc., that will restrict the property for thirty years. <br /> Member Groff wondered if the sixty percent of Area Median Income (AMI) <br /> changed every year. <br /> Mr. Lunderbee explained the restriction will be sixty percent or AMI for that <br /> entire period and annually HUD updates the rent amounts and income levels. <br /> That is published in April or May of each year so there would be a rent <br /> adjustment that is usually inflationary. <br /> Member Etten noted in the senior unit break down there are 52 three-bedroom <br /> senior housing units and wondered why three-bedroom units would be typical <br /> in this development. He stated he was expecting to see one- or two-bedroom <br /> units. <br /> Mr. Lunderby explained there is demand for the larger bedroom units in the <br /> senior communities. The senior developments Dominium is developing are <br /> independent living and an active senior community that are not in need of <br /> assisted living services or memory care. What has been found, is that people <br /> are coming from single-family homes that people do not want to maintain <br />