Agenda - Council Work Session - 06/11/2013

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Sample Peer Policy for Ramsey Review 3. Applicants must work with the City to develop and implement a community engagement strategy early in the design process. For new construction, the engagement process must include multiple approaches to obtaining community input in the project design. Initial community engagement steps must occur prior to the approval of a term sheet and must be consistent with the requirements outlined by the Planning Division. 4. As recommended by the 2009 Planning for Multi -Family Housing Development report, the EDA supports projects that include a healthy and sustainable mix of incomes and unit types. Projects serving families with incomes at or below 50% of area median income (AMI) should income restrict no more than 20% of the units. Projects serving families with incomes at or below 60% of AMI or higher should income restrict no more than 40% of the units. 5. The EDA will establish performance criteria for all supported multi -family projects. Criteria might include the number of police calls, management practices, or other factors that affect livability. Non performance would require the repayment of public funds. Specific criteria will be outlined for each project. 6. The EDA values working with developers and/or managers with local interests. Assistance Requests: The EDA will consider approving a term sheet that outlines an intention to provide economic assistance on a proposed project if the conditions listed above are met. Parties interested in economic assistance must submit a written report to the EDA that addresses the following project components: 1. Economic sustainability 2. Environmental sustainability 3. Unit mix (when developing new multi -family housing, must provide a market study demonstrating demand for housing units and proposed unit mix) 4. Traffic impacts (when adding over 150 new units, must provide a traffic study) 5. Community engagement strategy 6. Long-term management program for the development. At a minimum, the description must include qualifications for the party who will manage the property, how tenant screening and lease enforcement will be handled, and what funding will be provided for a maintenance reserve. A community meeting must be conducted prior to the EDA considering a term sheet. If a term sheet is approved by the EDA for a project, the applicant must submit a deposit for legal and financial consultant fees in accordance with the EDA's Developer Fee Policy. Multi -Family Housing Assistance Page 2 Adopted: September 12, 2011