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Variance to Floor Area Ratio FAR :: . 58 FAR = .5 Variance of Lot Area Per Unit Lot Size 198,716 square feet or 1,325 ~ square feet per unit Required lot size for the proposed 150 units = 300,000 square feet less 100 square per unit next to "B" District = 285,800 square feet required WHEREAS, the special use permit and variances referred to above apply to the following described property located in the Village of Roseville, County of Ramsey, State of Minnesota: The East 1/2 of the SW 1/4 of the SW 1/4 of the SW 1/4 of Section 14, Township 29, Range 23. , and, WHEREAS, the owners of the above captioned property have or are in the process of making the property subject to covenants of title restrict- ing the use of said land as follows: 1. Restrictions in occupancy shall be limited to no more than two persons per apartment; and 2. At least one person occupying each apartment to be constructed on said property shall be: (i) at least 60 years old, or be defined as "elderly" under the National Housing Act, as amended or superseded. (11) be eligible for retirement under applicable social security regulations, as amended from time to time; or (11i) be physically handicapped, as certified by a physician, in accordance with Department of Housing and Urban Development Regulations, as amended from time to time. 3. The restrictions set forth shall automatically terminate, and be or no kfurther force and effect on June 1, 2002; and WHEREAS, the council has determined that the number of restrictions on parking, size of apartment, ratio of floor space to land space, number of apartments and height of building would place unusual hardships on the use