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Commissioner Strommen inquired about the next steps that will be taken from this Plan to proceed with implementa~ion. HRA Executive Director Frolik indicated staffwill prioritize the HRA projects. Chairperson Olson requested that an HRA meeting be scheduled with sufficient time to address the topic of completing the prioritization of projects. Commissioner Elvig stated there has been a lot of discussion about affordable housing. Part of his vision personally for Ramsey is to see that there is a variety of housing. He inquired about creating incentive for developers to build higher end housing. City Administrator Ulrich indicated it would be appropriate to try to address this within the Housing Plan with a section to address unique executive style housing. Ms. Capone Bennett noted Goal No.1 on page 18 talks about providing a variety of housing options for people of all stages and incomes. Supportive Finding No.4 on page 19 talks about diversifying the housing stock. She suggested an additional goal in this section. Commissioner Look pointed out that he recently presented information that showed taxes paid on properties in relation to services required, and what property values actually cashflow. He asked ifthere has ever been an analysis done of what properties cashflow in their community. He suggested this would be beneficial from an economic approach of trying to determine what type of housing they should be focusing on in the City. Commissioner Strommen stressed that there are many factors to consider with this type of analysis~"such as the size of the parcel. Commissioner Elvig stated in his first year on the Council there was a huge discussion about density versus large lots, and he spent a lot of time running numbers and looking at townhomes, single family homes, number of kids, etc. He stated their job as elected officials is to build a community. They are trying to get lifecycle housing with a balance that includes things like starter homes, homes for families with kids, empty nesters, etc. He noted there probably is an ultimate picture that draws best as far as a community, but to make all this work there needs to be industry in the City. Chairperson Olson commented that part of the purpose of doing this Housing Plan is to utilize it as a guideline for creating a diversity of housing options. Commissioner Jeffrey left the meeting at 6:20 p.m. Ms. Capone Bennett suggested the following to address the issue of "Move Up Housing" and fold in an evaluation of a cost benefit analysis of varieties of housing: Page 20, Goal No.1, Implementation Strategy No.6 to include language "Explore opportunities to attract executive- level housing to provide a variety of housing choices and opportunities in the City." Additional tactics would be to identify areas of the City to accommodate executive-level housing and to Housing and Redevelopment Authority / February 12, 2008 Page 4 of 5 4