Agenda - Council - 06/27/2006 - Laserfiche WebLink

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20 feet in width and is intended to provide vehicle access to facilitate deliveries and trash removal for the building. Staff understands that upper stories of the building will have a slight overhang that will encroach into this space; additional detail is required on this overhang to ensure that emergency vehicles can gain access to the rear of this building. Ass't Community Development Dir/HRA Executive Dir. Frolik stated the Planning Commission reviewed the plans on June I, 2006, and recommended that the City Council grant preliminary site plan approval. They also recommended that a skyway be considered for the plan to provide resident access to the ramp, and that further consideration be given for resident storage needs. Ms. Frolik explained there is an error with the eastern property line for this lot, as recorded with Ramsey Town Center 5th Addition. The City will need to process for an administrative plat prior to this project receiving final site plan approval. It should be noted that it was intended for the eastern lot for the subject property to line up with the edge of the parking ramp as shown on the site plan. Because of this, staffis recommending that the additional area of 4,060 square feet be transferred to the applicant at no charge. Ms. Frotik reviewed that at the May 30, 2006 Council work session, Council/equested a breakdown of how the $400,000 in Ramsey dedicated Anoka County HRA levy funds would be allocated towards reductions in various City impact fees. Since that work session, ACCAP has revised their budget plan as follows: 1. $10,000 reduction in the estimated $107,170 sewer and water trunk fees due on the residential portion of the building. 2. $120,000 to establish a rent subsidy program for 4 units over a 10 year period. 3. $270,000 loan at 1.6% interest with the principal of $400,000 due in 30 years. Ass't Community Development Dir/HRA Executive Dir. Frolik advised another aspect of the project funding package includes ACCAP's application to the Metropolitan Council's Livable Communities Local Housing Incentives Account Program. This application requires the City Council to authorize the Mayor to attest to the following: a) City's support of the project b) That eminent domain was not used to acquire property associated with the project. Ass't Community Development Dir/HRA Executive Dir. Frolik advised the applicant is requesting that the City provide TIF assistance for the affordable portion of the project. Staff has mn some preliminary numbers and has estimated that the entire building would generate a total of $833,132 in tax increment over a 20 year period. The residential portion of the building would generate $525,338. While a housing district has not yet been established, staff is recommending that $400,000 of TIF assistance be provided to the project, contingent upon the approval of a final site plan for the project and establishment of a qualified housing district. Mayor Gamec commented the Council has had several work sessions regarding these proposed apartments. Jeff Johnson, applicant, stated he works with ACCAP as a development consultant. He appreciates the hard work staff has put into this proposal. This will be a mixed-income, mixed- use combination of residential and retail uses. This building will be in a great location; it will be an excellent asset in the Town Center. He has looked into a couple of the items the Planning Commission recommended with respect to storage; he has talked to the proposed builder for the City Council / June 13, 2006 Page 10 of 26 -154-