Minutes - Council - 05/22/2007 - Laserfiche WebLink

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Ms. Krance replied the design currently includes pockets so there will be an undulation in the sidewalk. The retaining wall basically mirrors the undulation and there will be plantings along there. Mayor Gamec stated this has been worked on for quite a while. This will meet the needs for the City to complete the aspects of the quality of lifestyle of living for all people, and it will be close to transportation and shopping. Councilmember Strommen stated this is a great use for the City. The building has been designed very attractively. She inquired about the timeframe for the project. Ms. Barnes stated 70% in presales is required before this project can go to an investment banking for tax exempt financing. Crest View is at the wait list stage because they are still in the final stages of determining the fees. There are about 15 people on the wait list; they need to be sure of the fees for the pricing to be determined. Ms. Barnes stated she is a believer in Ramsey Town Center. Crest View was the second to sign a letter of intent. Town Center may be taking a while longer, but the City should stick with it and believe in it. This will happen, and all of them who are still here are committed to making it happen. Ms. Barnes stated when Crest View comes into a community they are not just there from 8 to 5; they are part of the community and there to help with the aging parents and older adults. She is pleased to share that Crest View Senior Community was named the 2007 Values First. Business A ward winner in southern Anoka County. That is what Crest View does as a business and community partner. Ramsey Town Center may be taking a "Yhile longer, but it will be worth it in the end. Councilmember Strommen thanked Ms. Barnes for the commitment of Crest View to the Ramsey Town Center project. Councilmember Jeffrey congratulated Crest View on the award and being part of Ramsey's community. He stated this is a great project and he cannot wait to see dirt moving. Motion by Councilmember Jeffrey, seconded by Councilmember Olson, to approve the preliminary site plan for Crest View at Ramsey Town Center, contingent upon compliance with the City Staff Review Letter dated March 30, 2007, revised May 15,2007. Further discussion: Councilmember Elvig asked how people can become engaged in the Crest View' facility. Ms. Barnes replied there is signage for the facility, there are ads placed on a regular basis in the local newspapers, and there has been an ad running on QCTV for the last two months. The other way to get the word out is really word of mouth and working with the churches. As a faith based organization, Crest View has worked a great deal with the churches in this area. There is information about the Ramsey Town Center project on the website at www.crestviewcares.org.Ms. Barnes explained the pricing will not be shared until it can be finalized. A reasonable idea of pricing would be in the $12,000 range for TIF units and $42,500 to $75,000 for market rate entry fees. The entry fee is 100% refundable upon re-occupancy. The rents would be at a standard market rate. Councilmember Dehen questioned how Crest View will get to the 70% commitment rate if they do not have the pricing determined. Ms. Barnes explained once the final fees, such as the park dedication fees, have been received from the City City Council / May 22, 2007 Page 7 of 24