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- 5- 1. That 10 fr -t of additional right-of-way bledicated on Rosela1v11 Avenue a1. 161z feet of additional right-of-way be dedicated on Lexington Avenue. 2. That no gasoline island or sale of gasoline be permitted. Roll Call, Ayes: Cushing, G. Johnson, Kellett, Rukavina, Simons and V. Johnson. Nays: Mastel. Planning File 964 - Canadian Financial Corporation request for rezoning from B- 2 to R- 3, Special Use Permit and Variance to building height, floor area ratio, lot area and parking at 2800 North Snelling Avenue Presentation Mr. Jean Parranto, representing Canadian Financial Corporation, indicated that the proposal includes a 7 story apartment building for the elderly and several 2 and 3 story tmmhouse type buildings. ~!r. Don Lehr, architect representing Canadian Financial Corporation, indicated that the site is 9 acres and it is proposed that a 7 story elderly apartment building containing 122 one bedroom units be constructed on the property near Snelling Avenue. It is also proposed to construct 40 one bedroom units, 40 Dvo bedroom units and 12 three bedroom units which will be for families. He stated that the applicant anticipates approval for the development from the Rice Creek 1vatershed District at the April 14th meeting. He indicated that a very similar project had been constructed by the company in Golden Valley and is called "Dover Hills". He stated that some of the units will be subsidized and some will be rented at the market rate. The market rate apartments are essential to achieve the economic intergration of the residents which is desired. The Dover Hills project has been operating since the summer of 1975. There are 117 school age children in the 234 dwelling units in the development. For those units which are subsidized, the renter pays 25% of his monthly income for rent and the rewaining portion of the market rate is subsidized by the federal government. The rental rate"includes all utilities except phone. ~~. Lehr indicated that the 7 story building for the elderly would have a recreation room and tot lots would be provided in the family units area. He stated that this site would probably generate approximately 100 - 120 children. Mr. Parranto commented that the developer 1vould anticipate requesting the ~~tro- politan Transit Commission to extend the bus routes into the development site. Mr. Kramer indicated that the developer should maintain nvo points of access to Snelling Avenue and should the frontage road on Snelling not be constructed by the time the development is open, the developer will construct the second access on his property at his expense. Mr. Kramer indicated that the developer should pay the assessment cost of the curb and gutter required by the City over and above the cost which would be paid by the Minnesota Highway Department. Mr. Kramer also indicated that additional right-of-way was necessary on Snelling Avenue, 10 feet in some areas and 20 feet in others. Mr. Parranto indicated that the developer agreed with the points presented by Mr. Kramer.