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HRA Meeting Minutes – Tuesday, May 19, 2009 Page 4 AEON was interested in establishing a long-term asset to the community, and of AEON’s long-term commitment to professional management of their properties. Discussion among members, AEON representatives, and staff included resolution of vacancy dilemmas through attrition and based on interior renovations to-date; potential temporary and/or permanent relocation of current renters, with 13 individuals slated to be permanent relocated on the site due to their current residence in non-conforming two-bedroom units created by past ownership, and assistance by third-party relocation specialists in their relocation and transitioning to comparable housing. Ms. ____ advised that AEON attempted to avoid permanent displacement, through creative use of vacancies, as much as possible. Ms. ____ noted that residents would unfortunately experience construction noise and dirt; however, she noted that AEON was attempting to be honest with residents about that noise and disruption, and planned “pizza parties” and other social activities to keep lines of communication open. Ms. ____ further noted that they were also attempting to communicate honestly about those renters nervous about their rent status and any potential increases; and noted that existing renters wouldn’t experience an economic crunch; and that based on income guidelines, AEON had secured thirty (30) Section 8 vouchers converted to the site for existing renters who were currently paying too much of their income on rent and needing those rents to be lowered in accordance with a more favorable percentage of their income. Further discussion included previous consideration of a TIF Housing District for the Twin Lakes Redevelopment area; revitalization versus housing TIF and life spans of those respective districts; criteria tests based on site specific determinations; and language written into a redevelopment agreement between AEON and the City, based on the advice of the City Attorney, ownership commitment of AEON; past experiences with affordable housing issues and impacts to citizens and the need to prevent similar occurrences with future projects based on that learning curve; and AEON’s goal to maintain land use restrictions on their properties for a 30-40 year term. Chair Maschka thanked AEON representatives for their presentation; and expressed the HRA’s interest in seeing the renovations. Motion: Member Pust moved, seconded by Member Elkins to approve the HRA’s support of the creation of Tax Increment Financing (TIF) District No. 18 to assist with the development of new affordable housing units at the Har Mar Apartments. Ayes: 5 Nays: 0 Motion carried. Executive Director Trudgeon advised that staff would keep the HRA informed of the upcoming Public Hearing and the project itself. b.Consideration of the Hiring of Maxfield Research for completing a Multi-Family Housing Study for Roseville Executive Director Trudgeon provided a summary, as detailed in the Request for HRA Action dated May 19, 2009, regarding hiring of a consultant for analysis of a Comprehensive Multi- Family Housing Needs Study. Mr. Trudgeon reviewed the Request for Proposals sent to potential market study firms; responses received and interviewed conducted by staff; and staff’s ultimate recommendation of Maxfield Research, Inc. to complete that needs analysis. Discussion among members and staff included anticipated completion of the study (60 days for preliminary information, with the remainder to be completed by fall of 2009); components of the needs analysis allowing for quantification of existing inventory and strategies for accomplishing and anticipating future needs in housing; the limited nature of the previous