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REDA Meeting <br /> Minutes—Monday,July 15,2019 <br /> Page 3 <br /> anymore but they do not want to give up all of the space that was in their <br /> homes and are willing to pay those extra dollars for more space. <br /> Member Etten asked for information on the transit routes that would serve this <br /> area and help people get places. <br /> Mr. Regan explained he has not dug in too much other than a traffic study that <br /> is being worked on. He noted that is something that can be worked on with <br /> city staff to determine if it made sense to promote something that is closer to <br /> the development. <br /> Member Etten stated there are some routes in the area but are quite limited so <br /> he would like to understand how that could be affected or how other pieces <br /> could happen. <br /> Mr. Lunderby explained that to help with transportation issues, Dominium has <br /> purchased shuttle buses and vans and hires drivers to have scheduled pickups <br /> serve this community and other communities to bring senior residents to <br /> groceries, events, or the senior center. Dominium had looked into and talked <br /> to the school district about having bus stops for the families and have been <br /> working to locate a stop in an area where the bus would stop. In some newer <br /> sites Dominium has been reviewing, it is locating a covered structure for kids <br /> to use on the southeast corner of the family project on the west side and also <br /> looking to have an indoor amenity on that corner where kids could gather <br /> safely to get on the school bus. <br /> Member Etten wondered if there are other funds from outside organizations or <br /> the county that Dominium can pursue as a part of this project. <br /> Mr. Lunderby thought Dominium is not dependent on those other funds, but it <br /> is something Dominium is certainly paying attention to and looking to. <br /> Ramsey County has funding rounds. There is DEED funding that could <br /> potentially be pursued that would help with some of the environmental <br /> cleanup. There are a few things to deal with as a part of the demolition of the <br /> project and Dominium could try to access some of those funds. He noted it has <br /> been highly competitive, especially the last several years. He said Dominium <br /> has talked to the Met Council and the Met Council has had ten times the dollar <br /> amount requests than there are funds available. He indicated Dominium is <br /> aware of those funds and will make application but are not depending on the <br /> funds. <br /> Mr. Lunderby explained what the TIF assistance will help them do is to <br /> leverage the federal resource and Dominium can bring approximately $40 <br /> million in investor equity into the overall housing project through the use of <br /> that credit. Those are made possible with the bond financing that the City of <br /> Roseville would be an issuer of, and that resource gets used each year. <br />