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Home Changes Everything April 29, 2016 Patrick Brama City of Ramsey 4550 Sunwood Drive NW Ramsey, MN 55303 Re: Aeon 1 COR Affordable Housing Development Dear Mr. Brama: Aeon is a mission -driven, nonprofit provider of quality apartment homes for low- and moderate -income individuals and families. Aeon's vision is that every person has a home and is interconnected within the community. We believe that 'home' is a place that is stable, safe, secure and healthy; shaped by the people who live there and the surrounding community. For 30 years, Aeon has committed to sustaining the affordability and livability of our apartments for generations, owns and manages more than 2,500 housing units in the Twin Cities metropolitan area, including Brooklyn Center, Chaska, Columbia Heights, Roseville and soon to be in Maplewood and Mound. The proposed project will be located at the corner of Town Center Drive and 146th Ave NW. The property is currently vacant and already slated for multi -family residential housing. Aeon is proposing a 50-60 unit, 3-story apartment building. It will contain mostly two and three bedroom units with a small number of one and four bedroom units mixed in. The population served will be mainly working families with incomes ranging from $28,000 to $65,000, depending on household size. Our apartments are the starting point for many families looking to build long-term roots in a community and work in area businesses. Aeon has enlisted the help of UrbanWorks Architecture and welcome discussion regarding design as we move forward together. We work hard to build strong connections to the public realm with front porches and streetscaping to maximize the direct connections to Ramsey's trail system, the Draw and to future Lake Ramsey. In addition, Aeon is nationally recognized for our efforts around sustainability and healthy building materials, most recently at our new apartment community called The Rose, which is one of the most energy efficient and healthiest multi -family buildings in the country. As lifelong owners and managers, we continue to look at every project through the lens of environmental, financial, and community sustainability. In addition to collaborating with the City of Ramsey, we will be working with the Minnesota Housing, Metropolitan Council, and Anoka County on funding applications to raise the funds to construct this project. While there is much work to do, it is our hope that the City of Ramsey will support the project that we are looking to accomplish. We appreciate your time and consideration of this request. For any questions, you may contact me, at ilehnho€f(aaeommn.orq or by phone at 612-746-0528. Since ly, /i U/i'__ James Lehnhoff Vice President of Housing Development 901 North 3rd Street, Suite 150, Minneapolis, MN 55401 612-341-3148 612-341-4208F www.aeonmn.org