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Chairperson Jeffrey and Commissioner Ramsey stated they "loved it ". Mr. Lazan continued with the north residential district. There are three components — a triangle parcel that was a townhome site but the market doesn't really call for that now. It seems that $200,000 single - family homes are more what the market calls for. The horseshoe component — the discussion should be are we leaving it there forever. Commissioner Elvig stated that with regard to the triangle — we will have some fill issues there — he asked about the drainage and Mr. Lazan explained the drainage. Commissioner Ramsey asked how long is that product going to be on the market (horseshoe) — Mr. Lazan responded five to seven years. Commissioner Ramsey suggested rough grading it, fencing it and making it a dog park. Mr. Lazan stated that his thought is you can put a lot of units here but he recommended we grade it and seed it so it looks better. The north commons — there are a number of comments and questions, etc. on this At the request of a handful of people, we looked at putting lots on two sides of this park. We drove the area and got rid of all the lots on one side. He talked about a sliding hill, trees, tot lots, etc. for the park. He added that we end up with eight lots. If someone is interested, it may be six lots instead. Commissioner Tossey asked what that builder was willing to pay per lot. Mr. Lazan stated about $15,000 a lot, however, he thought we could push $20,000 — that's low but not too low (triangle). He added he would rather take $15,000 and have them put $5,000 back into the product. Commissioner Tossey cautioned to not sell ourselves short. Commissioner McGlone stated that people in Ramsey drive pick -up trucks and expeditions, etc., so we need to make sure the driveways are long enough and the garages are back far enough. Commissioner Backous stated there are a lot of empty lots. He liked the idea of going a little lower and putting more into the product. Mr. Lazan stated that's the north residential area. Are we willing to sell lots in a configuration like this and willing to give the process to the park. Are we on track? Chairperson Jeffrey stated he likes it, but because we are changing zoning, does this have to go to a public hearing and planning? Deputy City Administrator Nelson replied yes. She added that with regard to the park issue, we have talked about taking this to the park board. We need to work through that. Housing and Redevelopment Authority / February 1, 2011 Page 4 of 12