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<br />I <br /> <br />CITY COUNCIL WORK SESSION <br /> <br /> <br />Topic Report: Market Analysis for Affordable Workforce and Senior Housing <br />By: Amber G. Miller, Planning Manager <br /> <br />Background: <br /> <br />In August of 2005, the Ramsey City Council requested that Anoka County prepare a market analysis <br />for affordable workforce and senior housing in the City of Ramsey. At that time the Council was <br />interested specifically in the redevelopment opportunities of the MPCA owned landfill site as well as <br />the development potential for senior housing in Town Center as well as an overall market analysis. <br />In Ju1y of 2009 the City Council approved a resolution authorizing Anoka County to contract for an <br />update to that analysis. <br /> <br />Observations: <br /> <br />Anoka County lIRA contracted with Maxfield Research Inc., to prepare the update market analysis. Maxfield <br />also conducted the original analysis in 2005. The update report finds that the existing housing supply <br />is adequately meeting the needs for workforce and independent senior housing in the Ramsey <br />area due to the current economic conditions. Household growth has slowed substantially due to <br />the current recession, which is delaying the viability of new development in the near term. Mary <br />Bujold with Maxfield Research Inc., will be presenting the report in its entirety and will be <br />available to address questions. <br /> <br />Action Statement: <br /> <br />No action Required, for review p <br /> <br /> <br />~ <br /> <br />Attachments: <br /> <br />1. An Analysis of Potential Demand for Workforce and Senior Housing in Ramsey, Minnesota <br /> <br />CCWS: 11.24.09 <br />