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<br /> City of Orono �, ��r n � ,:: , � � �� s
<br /> 27�0 I<elley Parl<way
<br /> Crystai Bay, MN 55323 ��.-�H [irli�>,�;,i>u�sle�:art:i 41�
<br /> �.� I'aGal, M;�; 551t'? t9i)i?
<br /> Apr11 16,2010 r-t;1 z��i 1�7`il� F°l��z„�t�
<br /> � �,', „7l-1��1�; F�t.�:
<br /> Dear Mayor, Council Members and City Stafif, .�,�,���, ;.�„�,n,; �� .;na �
<br /> �
<br /> ConunonBond Comnlunities(Com�no�lBond) has been worlcing with the City of Ocono to develop much needed quality
<br /> affordable housing for residents of Orono and acijaeen�municipalities. CommonBoud, in partnership witl� i�s service
<br /> partner-I�i�erfaitli Outr�each Cori�muriiYy Partnecs- is prop�sing the develc�pment of a 42 unit townhome commurtity on the
<br /> City's Willow Drive parcel.
<br /> The development�vill�rovide t4vo,three, anc�four bedraom townhomes for residents eai��ifig between�Q%and 60%of
<br /> the area media�i inco�ne. The proposecl havsing cammur�ity will support the area's need for workfarce l�ousir�g�ld��ill
<br /> provide an oppo�-tunit�,�for fainilies to li�ze in qtzaliry affordable housing in the atnenity-►•ich City of Oro�1o,
<br /> I CoininoilBozid is requestin�that the cost af'the City laud and fees be no more than$580,000 to ensure tl�e affo�•dability of
<br /> the proposed townhome developinent. According to Soi•ei� Mattick, tl�e City's land parcel�ras appraised at$470,OQ0.
<br /> The proposed City fees are estimated to be $553,250, broke��� dawn as follows:
<br /> a. Rezoning Fces: $5,250
<br /> b. Staff Review Costs: $30,000
<br /> c. Park Dedication: $136,500($3,250/unit)
<br /> d. Orono Stormwater and Drai��a�c: $35,000(�7,000/acre)
<br /> e. I.,ong Lake Se�ver Coni�ection: ;h144,900($3,450/unit)
<br /> f. Long I.,ake Water Connection: $1 13,400 ($2,700/unit)
<br /> g. MCE;S SAC: $88,200($2,]00/unit)
<br /> Coimnor�Bond would leave the allocation ofthe�costs between land and City fees to the discretion of tl�e City Cou�lcil and
<br /> Staf'('.
<br /> Co�mi�oi�iBond res�ectfully submits tl�at tl�ere will be numerous henefits to the City of Orono fi-om this development,
<br /> � including:
<br /> 1. Tliis develo}�me�if will �rovide an exeell�nt quali�y housing choice foi•l�eo�le employed in aaid iiear tl�e City of
<br /> Orono.
<br /> 2. The site is currently vacant,generating no taa revenue. This praposed project�vill generate an cstimated $40,000
<br /> of annual ta�►•evenue.
<br /> 3. The proposed$9,500,000 development tiuill generate both currenY const�ltctio�i and long-tcrm employinent
<br /> oppoi-lunities.
<br /> 4. Residents will be sp�nding nloncy at local Ot�o�no busulesses and contributing to economic growth in the
<br /> comulun ity.
<br /> 5. This comii��u�ity will assist the Cily ul meeting the N1et Council's affordability and density�oals.
<br /> We loolc foitivard to continuing to��ork with the Ci�y Council and staf�f on a resolutioi�regarding City fees and land cost.
<br /> Please let me lcnow if you need any further i�tformation.
<br /> Sincerely,
<br /> �`''• 1
<br /> r ,.�r j;
<br /> /\�_..�ll_�-�. � �� Y_.��_
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<br /> �`JAmanda Novak
<br /> Se�lior Project Manager
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