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HRA Meeting Minutes – Monday, October 20, 2009 Page 3 Additional discussion included the City’s anticipated share of the reconstruction project; timing of the road realignment based on funding appropriations, with April of 2010 a projected start date at this time. 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 additional affordable rental housing in the immediate vicinity of Calibre Ridge; and ownership of the duplex by Twin Cities Housing Development Corporation. Ms. Kelsey addressed the history of the City’s former local development corporation (LDC), another arm of the HRA, originally consisting of the City Council, which the HRA took over remaining assets in 2002; as well as the City’s partnership at that time with Calibre Ridge and expenditure of Community Development Block Grant (CDBG) funds for that original project. Ms. Kelsey reviewed the recent refinancing and turnback of funds to Ramsey County at their expiration. ; and extension of funds to Calibre Ridge in their ongoing maintenance of an affordable housing project in the City. Ms. McQuillan reviewed the terms of the loan with any proceeds received by the LDC to be remitted to Ramsey County. Chair Maschka, with member consensus, concurred that this was an opportunity worth exploring, given the location of the parcel, and great potential; and expressed favorable synergy for a partnership with Twin Cities Housing Development Corporation and the RV HRA. From staff’s perspective, Mr. Trudgeon advised that a dialogue would continue, based on the timetable for Ramsey County, and that the HRA would be kept updated as appropriate. Mr. Trudgeon noted that there were lots of decisions to be made, including the preferred level of participation by the HRA. Chair Maschka expressed appreciation for the presentation, opining that it was a great concept in which the HRA may be interested. 10.Action/Discussion Items a.Comprehensive Multifamily Study Ms. Kelsey provided a more detailed review of the Analysis, as preliminarily presented by Maxfield at the September 2009 meeting. Ms. Kelsey advised that there were no substantial changes from the previous draft; and advised that the completed final version, which was quite extensive and not all included in tonight’s packet materials, would be made available in its entirety to the HRA in the near future. Ms. Kelsey advised that the document, with acceptance by the HRA, would be put on the City’s website for use within the community. Ms. Kelsey, following a more extensive analysis and discussions between Maxfield representatives and staff, provided some conclusions and summary information 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 until 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