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The Greenhouse Village Properties proposal is a multi-story (3), high density (20 units/acre) project with 7 town homes. The four-story, 127 unit, Roseville Senior Apartments are located to the west, for which the mass of the cooperative structure is well suited. The single family homes that lie to the east are located at least 15Q+ feet from the cooperative structure. The 2-1/� story town homes are to be located next to and across the street from single and two story single family homes. The proposed design will be of a similar height to the homes directly to the east and the parcel will include increased setbacks. 9. Require fair housing practices. Disperse types and scale of housing units within the City for all ages, in all stages of the life cycle. Discourage high concentrations of low and modest cost housing in any portion or neighborhood. �� Consider senior housing in areas with nearby amenities such as shopping, medical, community and church facilities, and volunteer programs. The Greenhouse Village Properties proposal is designed for seniors (55+) (some of whom will probably be from the surrounding neighborhood) seeking a very specific maintenance free ownership option. Likewise, the town homes will cater to a specific owner seeking maintenance free living that may have children. Parks, shopping, churches are all in close proximity to the site. 6.2 The following is the Demographic Profile for this neighborhood — Planning District 14, an area stretching from Lexington to Dale and from Larpentuer to County Road B.: ■ Total population - 2,'715 ■ Renter occupied units — 347 ■ 16 acres (2%) of multiple family, 486 units (18% of total units) • 42 townhome units, 321 apartments and no condominiums ■ 356 acres (45%) of single family detached, 2,229 units (82% of total units) � 102 acres (13%) parlc & open space � 2000 estimated median income $60,901, single family ($71,277), multi family ($35,925) F 2.2 persons per household � 74% of the households have no children � 26% of households wlchildren under age 18 — young children decreased by 3% whereas older children (10-17) have increased by 10% (trends 1990-2000) F 14% of head of households are between the ages of 55 and 64, while 33% are over the age of 65. 63 Increase in Property Tax: The proposed town home and condominium development will provide an increase in the property taxes. It is estimated that this type of project (valued at $15 to $20 million) will generate between $1,200 and $2,000 per unit in property taxes, from which about 25% comes back to the city. PF3548 RCA FinalDevelopment 013105.doc Page 11 of 15