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CASE # MULTI-FAMILY HOUSING/SENIOR HOUSING By: Ryan Schroeder, City Administrator Background: Enclosed for your review are two proposals to conduct market studies for either a senior housing analysis or both a senior housing and a multi-family housing analysis, generally. The lower of the two quotes by Maxfield Research Group for both the senior housing and the multi-family housing is approximately $8,500. The same f'u-m has a quote of $5,600 for senior housing only. From time to time we have had discussions relative to the degree of assistance or the desire to encourage either multi-family housing or senior housing opportunities. You are aware that at present, we don't have any multi-family zoned property within the Urban Service Area. It should be noted that behind the Ramsey shopping center, there appears to be available land which could be utilized for multi-family housing (which I believe is either free from deed restrictions or can readily have those removed). Also, Mr. Jack Menkveld has proposed a multi-family section in his Sunfish Square development at the intersection of County Road #116 and Sunfish Lake Boulevard N.W. In addition to that, at the intersection of County Road #5 and State Highway ~:47, Wayne Johnson controls property which could be utilized for multi-family uses. Recently, you are aware that I have discussed the possibility of constructing senior housing with a Men'o Area developer. That developer has suggested that they may have some interest but are concerned that Ramsey demographics will not support a financing presentation and, therefore, would request that the City conduct a market analysis prior to going further with the project. Therefore, I have received the attached proposals. Council should note that if you fund a market analysis, it is highly likely that nothing will result. Alternatively, however, it appears that if you do not fund a market analysis, certainly nothing will result. Further, that such a study is likely potentially fundable by block grant funds. (You should note that if you go this route, we will have to go through the normal community development block grant decision-malting process.) The real issue here, again, is whether or not this community desires to encourage the development of any particular kind of housing. If in fact, you determine that it is something that we want to do, then I would like to suggest that we either work with property which we currently control or with the owner of other parcels on a joint development proposal. We could do so by packaging requests for proposals in a public bid process. Finance Committee Action: Based upon discussion. Reviewed by: Copies also distributed to: City Administrator FC: 06/08/93