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MINUTES OF THE <br />ORONO CITY COUNCIL MEETING <br />Monday, August 26, 2002 <br />7:00 o'clock p.m. <br />( #02 -2789 DAHLSTROM DEVELOPMENT, Continued) <br />Dahlstrom indicated that through down sizing some units and altering others, as well as offering, <br />subsidy programs, they hope to work with their consultants regarding funding opportunities to <br />provide a number of affordable units. <br />Sansevere asked if they had experience with affordable housing in any of their other <br />developments. <br />Dahlstrom indicated they had not. <br />White maintained that while Orono is hard pressed for affordable housing, they would prefer that <br />to a City tax subsidy. <br />Murphy felt the City and developer would grow together as they progressed, and voiced his <br />curiosity over the non -grocery store parcels, and what would become of them. He stated that <br />there is much the City does not know, and while he empathized with the developers need to keep <br />his financing source quiet as of yet, he was concerned how the financing would proceed. He <br />feared that this beautiful parcel might be bulldozed and stand empty, despite everyone's best . <br />efforts to develop it properly. He thanked everyone for their ongoing efforts to resolve these <br />outstanding issues. <br />Dahlstrom stated that he had built residential developments as recent as `96 and `98. <br />Mayor Peterson asked if he had anything being built at this time. <br />Dahlstrom indicated that he did not have any current developments being constructed at this time <br />and had been focused on this project for the good part of a year. He mentioned that he had vast <br />experience with multi - family housing projects and this proposal is a culmination of a purposeful <br />venture to blend both multi and single family housing. <br />Mayor Peterson asked if this was Dahlstrom's first development of this magnitude. <br />Dahlstrom stated that this would be the first time he has been able to find land to support this <br />development and build all three types of housing units, the lifecycle housing. <br />White felt it a great marketing technique to market to varying lifecycles within the development. <br />With regard to affordability, Murphy insisted that everyone has their own opinion of what <br />affordability is and he encouraged Dahlstrom to obtain input from various organizations. <br />40 <br />PAGE 12 of 22 <br />