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6. <br />7. <br />8. <br />North of Kelley Parkway, the proposed mix of units and pricepoints includes <br />56 rambler townhomes at S4S0,000*pIus per unit, 47 two-story townhomes at <br />$325-350,000 per unit, and 64 Lofts condominium units at $225-250,000. This <br />mix of unit styles and pricepoints provides housing options generally consistent <br />with the City’s intent for this property and consistent with the Community <br />Management Plan (CMP). <br />In the CMP’s Housing Action Plan six “implementation policies” are presented. <br />Policy 3 on Page 3C-25 reads in part as follows: <br />“3. Orono will encourage developers to provide a variety of housing types and <br />cost ranges. Whenever a multiple family or clustered housing development is <br />proposed, Orono will actively encuuiagc setting aside a reasonable number of <br />units for large families and/or for low and moderate income families. Orono will <br />participate and assist developers in applications for loan guarantees or other <br />suitable forms of housing subsidy aids which may be available....” <br />Council finds that it would be appropriate for the Developer to suggest and <br />implement methods for making a number of the units available at price points <br />nearer the Metropolitan Council’s ’affordable’ standard, and to propose methods <br />to price a number of units within the “affordable” price range, under Met Council <br />or other criteria, given that the overall density requested is at the very top of the <br />City’s intended 3-6 units per acre density range. <br />The property is within the only area of Orono guided by the CMP for a density <br />range of 3-6 units per dry buildable acre (including use of the north half of <br />Kelley Parkway for density credit). The proposed density of I-story and 2-story <br />townhome units if considered separately is 4 units per acre as proposed. <br />Similarly, the density of the Lofts condominium units is approximately 18 units <br />per acre as proposed. Combined, the proposed overall density is 6 units per dry- <br />buildable acre, within the 3-6 unit per acre range established in the Community <br />Management Plan (CMP). <br />Page 3 of21