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<br />CITY COUNCIL WORK SESSION <br />CITY OF RAMSEY <br />ANOKA COUNTY <br />STATE OF MINNESOTA <br /> <br />The Ramsey City Council conducted a City Council Work Session on Monday, December 4, <br />2006, at the Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, Minnesota. <br /> <br />Members Present: <br /> <br />Mayor Thomas Gamec <br />Councilmember David Elvig <br />Councilmember David Jeffrey <br />Councilmember Mary Jo Olson <br />Councilmember Al Pearson <br /> <br />Members Absent: <br /> <br />Councilmember Todd Cook <br />Councilmember Sarah Strommen <br /> <br />Also Present: <br /> <br />City Administrator James E. Norman <br />Assistant City Administrator Heidi Nelson <br />Community Development Director Patrick Trudgeon <br />Associate Planner Amy Geisler <br />Councilmember- Elect Matt Look <br />Councilmember-Elect John Dehen <br /> <br />CALL TO ORDER <br /> <br />Mayor Gamec calledthe City Council Work Session to order at 8:07 p.m. <br /> <br />APPROVE AGENDA <br /> <br />The agenda was approved as submitted. <br /> <br />COUNCIL TOPICS FOR DISCUSSION <br /> <br />1) ACCAP RTC Apartment Project <br /> <br />City Administrator Norman explained that on Tuesday, November 28, 2006, City staff met with <br />Jeff Johnson, representing ACCAP-Ramsey Town Center Apartments Limited Partnership <br />regarding the mixed-use apartment and retail project. This project has been proposed as first <br />floor retail and four floors containing 40 apartments; 20 affordable and 20 market rate. A major <br />part of the financing for the project included MHF A tax credits. Staff has been informed that <br />there are a couple of issues related to the project that are presenting obstacles to the MHF A <br />approval. The first issue is that there is public money available for affordable mixed-income <br />projects. However, the market rate units would have to be leased at an amount that would not <br />require subsidy from the affordable housing financing sources. MHF A is concerned about the <br />marketability of the "market rate" units at rents of $1200-$1600 per unit. There would be more <br /> <br />City Council Work Session / December 4, 2006 <br />Page 1 of9 <br />