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City of Roseville - Housing & Redevelopment Authority Meeting Minutes for May 20, 20...Page 2 of 4 Executive Director Cathy Bennett introduced the project and explained the approval history. She explained the three options the HRA has relating to the single family (5) lots with the project. The HRA was asked to determine its role in housing affordability assistance in this project. Three options include: 1.Do nothing. United will build and sell the units 2.HRA purchases lots, develops to meet HRA objectives. 3.Partners with United Properties to reduce purchase price. HRA was asked to determine affordability (% of income) and target markets. The project is seen as an HRA opportunity to 1.) ensure first time starter homes are built per the master plan, 2.) achieving HRA housing goals, 3.) provide a return on investment and 4.) provide a range of housing options and affordability. Chair Majerus asked if there was a liability in participating. Executive Director Bennett explained the Arona-Applewood Pointe site plan and option. She recommended approval of a HRA/GMHC partnership. Member Kelsey asked HRA and staff to determine whether there is conflict for her to participate since her company was involved as a respondent to the City RFP for development of the site. Chair Majerus stated that Kelsey’s input was valuable and since her company was not the developer felt that there was no conflict. However, Chair Majerus left the ultimate decision to Member Kelsey if she wished to abstain from voting. Member Kelsey said she felt GMHC had a more reasonable, affordable proposal. She asked for clarification on land cost per lot ($50,000/lot). She is concerned about control of the site and price variation on the site. Chair Majerus asked the members if the HRA should participate. Member Kelsey felt the HRA should also review the write down on the price of townhomes. The single family sites should not be the only area the HRA should participate in. Executive Director Cathy Bennett explained that it is difficult for a young family to find entry housing in Roseville. The lots are priced fairly at $50,000 including all site improvements. Chair Majerus asked the board to define "affordable" versus "low income" housing prior to final decision regarding the purchase of the lots. Motion: Member Millasovich moved, seconded by Member Scheunemann, to approve participation in the Applewood Pointe by purchasing 5 single family lots from United Properties. The Board asked for more details on how the purchase price of the lots was determined. Ayes: 5 Nays: 0 Motion carried Motion: Member Kelsey moved, seconded by Member Scheunemann, to request City housing funds from the Roseville City Council of $250,000 for land purchase and $5,000 for administration for the development of 5 single family homes at Applewood Pointe and request consideration of TIF funds to recapture costs. Executive Director Cathy Bennett explained funding sources. Ayes: 5 Nays: 0 http://archive.ci.roseville.mn.us/council/hra/minutes/2003/hram030520.htm3/25/2010