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Motion carried. Voting Yes: Acting Mayor Riley, Councilmembers Kuzma, Menth, Heinrich, <br /> and Musgrove. Voting No: None. Absent: Mayor LeTourneau. <br /> 5. APPROVE AGENDA <br /> Motion by Councilmember Musgrove, seconded by Councilmember Kuzma, to approve the <br /> agenda as presented. <br /> Motion carried. Voting Yes: Acting Mayor Riley, Councilmembers Musgrove, Kuzma, <br /> Heinrich, and Menth. Voting No: None. Absent: Mayor LeTourneau. <br /> 6. PUBLIC HEARING <br /> None. <br /> 7. COUNCIL BUSINESS <br /> 7.01: Presentation of Housing Study by Maxfield Research and Consulting,LLC <br /> City Planner McGuire Brigl introduced Matt Mullins from Maxfield Research and Consulting. <br /> Matt Mullins provided background information and reviewed the results of the housing study his <br /> firm completed at the request of the City. He reviewed information on population trends, <br /> household incomes, employment, and growth in housing. He reported that there are low vacancy <br /> rates in rental housing in Ramsey and noted that roughly 44 percent of the rental market in <br /> Ramsey is composed of townhomes. He provided information on the senior housing inventory, <br /> noting that while Ramsey currently does not have a large stock of this housing type there are <br /> projects underway that will contribute to that stock. He also reviewed information on the for- <br /> sale market, specifically new construction, and the development pipeline. He stated that over the <br /> next decade they see a need for 2,300 units and provided specific information on rentals, senior <br /> housing, and single-family housing. He summarized the key takeaways from the study and noted <br /> that the final report will be issued soon. <br /> Acting Mayor Riley thanked Mr. Mullin for his presentation. <br /> Community Development Director Gladhill stated that this study was requested by the Council <br /> because of the product type changes being asked for by developers. He explained that just <br /> because there is a demand for a certain housing type, the City does not necessarily have to plan <br /> for it. He thanked the Anoka County HRA, which is providing the funding for this study. <br /> Acting Mayor Riley stated that the comment in the past has been to continue with market rates <br /> and market driven housing products. He stated that he looks forward to continuin the <br /> conversation to determine how this information fits Ramsey. g <br /> City Council/August 27,2019 <br /> Page 4 of 6 <br />