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City af Roseville — Har Mar Apartments (45 poin.ts) SC007-143 <br />Location: ���5, 2235, 2245, 2255, 22b5 Snelling Avenue North, Rosevi!]e, MN 551 13- <br />4230 <br />Councsl District <br />Acres: <br />Estimated Cleanup <br />Cost: <br />Funding request.: <br />Priiate Investment <br />Increase i» Nec Tax <br />Capacity: <br />Jobs: <br />Affofdable Housing <br />Units: <br />1 Q — Ks�s Sanda <br />5.4 acres <br />�174,SOb for asbestos and Eead-based pain! abatement. Upon revie�i�, � 121,534 <br />of the costs was defennined to be eligible. <br />�17�,506 in TBRA fu�ds for asbes�os anti lead-based paint abatement. Upon <br />review, $12 ],534 of ti�e costs was deterrriined to be e]igib]e. <br />�4,Q78,680 .�._.�. - , ... <br />�12,438 <br />2 FT� (bath ase new living wage�obs} <br />t03 afforda6le rental units <br />Praject Surr�»ary The applicant is requesting $174,506 in TBRA furtds for asbestos and Iead- <br />based paint abatemenE of a 5-building, i 20-unit apartme�7t complex on. a 5.4- <br />acre site. The expectec3 benefits include the rehabilitaiion of tlie residential <br />co�nplex into 73 1-bedroom and 30 2-bedroom units for a total of t 03 <br />affasdable rental units with a projected ancrease of $I2,438 in net tax capaciZy <br />and $4M of private ir�vesia�enE. <br />The TBRA recomme�dation is $12 i,500, to ful[y fund the eligible costs <br />re�uesicd. Funds are to i�e used %r asbestos and lead-based paint abatement. <br />(Nole, abaiemen� of other hazarda�s materials is not eligible for grant <br />funding.) <br />� <br />