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; r <br /> 7 O� , . <br /> � O >. O <br /> - � .r CITY of ORON� <br /> � ,�.. � <br /> ti <br /> RESOLUTION OF THE CITY COUNCIL <br /> � �L�kESI3�4�G NO. � � � � . <br /> 6. North of Kelley Parkway, the proposed mix of units and pricepoints includes <br /> 56 rambler townhomes at $450,000-plus 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 /> 7. In the CMP's Housing Action Plan six "implementation policies" aze 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 encourage 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 /> 8. The properfy is within the only area of Orono guided by the CMP for a density <br /> ran�e 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 1-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 /> � <br /> Page 3 of 21 <br />