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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 HRA Meeting Minutes — Monday, October 20, 2009 Page 3 io. Additional discussion included the City's anricipated share of the reconstruction project timing of the road realignment based on funding appropriations, with April of 2010 a projected start date at this rime. Mr. Trudgeon advised that the road reconstruction was different from that of underground utilities that the City would need to cost-share; and noted that Ramsey County may be willing to allow the City applicable land acquisition at a nominal cost, raising various opportunities related to this parcel and a thoughtful approach to future redevelopment, specific to affordable housing as being preliminary discussed at tonight's meeting. Potential uses were discussed, including addirional affordable rental housin�,;;"` the immediate vicinity of Calibre Ridge; and ownership of the duplex by Twin Cities H.�us� evelopment Corporarion. �� ' Ms. Kelsey addressed the history of the City's former local another arm of the HRA, originally consisting of the City G remaining assets in 2002; as well as the City's partnership � expenditure of Community Development Block Grant (C�� Ms. Kelsey reviewed the recent refinancing and turnY�,� of expiration. � and ea�tension of funds to Calibre � �� affordable housing project in the City. � Ms. McQuillan reviewed the terms of the loan with any remitted to Ramsey County. �which the HRA t � over rime with Calibre I�ge and for that original project. amsey County at their ongoing maintenance of an by the LDC to be Chair Maschka, with member conse , this was an opporiunity worth exploring, given the locarion of the '� cel, = otential; and expressed favorable synergy for a partnership with Twin �r ie�,�'` ousing��7evelopment Corporation and the RV HRA. From staff's perspec��,Mr. Trudgeon ai3yi��`d that a dialogue would conrinue, based on the timetable for Ra�s `"� �=nty, and tl�at th� ��IRA would be kept updated as appropriate. Mr. Trudgeon not�c� ihat the :tivere lots of d�cisions to be made, including the preferred level of barticipatio�i �� the HR �; - Chair Maschk��°�'�� ssed appreciation for the presentarion, opining that it was a great concept in which the HR e interested. Comprehei�c�e Multifamily Study Ms. Kelse� �rovided a more detailed review of the Analysis, as preliminarily presented by Maa�field °the September 2009 meering. Ms. Kelsey advised that there were no substanrial changes„, � om the previous draft; and advised that the completed final version, which was quite '' e�'`'` �e and not all included in tonight's packet materials, would be made available in its �� ty to the HRA in the near future. Ms. Kelsey advised that the document, with acceptance the HRA, would be put on the City's website for use within the community. Ms. Kelsey, following a more ea�tensive analysis and discussions between Maxfield representatives and staff, provided some conclusions and summary informarion to the HRA for their consideration and awareness. Excerpts of that summary information was included in the packet, and included community demographics as they related to senior housing available, needs and types; adequate senior housing at the market rate and congregate care/independent living unril 2013 of 2014; a slight need for additional memory care or assisted living in the near future, but nothing to indicate the need for a major development lack of project-based