05-17-2010 Planning Commission Packet

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} � �� ,Y �� 4. #10-3460 COMMONBOND COMMUNITIES,SKETCH PLAN FOR PRELINIINARY PLAT AND CONCEPT RESIDENTIAL PLANNED UNIT DEVELOPMENT,7:35 P.M. Amanda Novak, Senior Project Manager with CommonBond Communities,was present. Curtis stated the applicant is requesting sketch plan review for a Concept Plan,Preliminary Plat and a rezoning approval for the properties located directly behind and north of Long Lake Fire Station#1. The two subject properties along with the property immediately to the south, 270�Will�ow Dr�ve,are currently proposed to be reguided from a two-acre minimum to high density residential within the 2010;2030 Comprehensive Plan. In the 2010-2030 CMP,high density means a potential for 10'�15 units per acre� ��'�� , Commonbond Communities is currently proposing a-42 unit worlCf�orce a artment�communiiy. The layout would appear to be like townhomes in a row-house configurat�i,on but�wo�uld be'rented., Curtis stated while no formal action is requested,the Planning Commission should�allow public comments and questions about CBC and the project. The Planning Comrnission,sho�i.ld also review�he p oposed plans,ask questions,and offer any input necessary. The developer ean�.and may p er sent additional information as they feel appropriate. A formal application is expected to be presented`for public�'hearing at the May 17�h Planning Commission meeting. Novak stated CommonBond Communities is�anon�proft�enfity and are in the business of constructing stable homes, strong futures,and vibrant communities for the resic�ents they�serve. The housing they provide is vital to communities and is seen as an asset. The homes are bui:lt for the long et rm and provide core and customized resources for the residents. (#10-3460 CONIMONSOND COMIVIU1vITIES,SKETCHPLAN,CONTINUED) � � � . : :� �� CommonBond is a one-stop real estate lender and does real estate development,property management, advantage service�tructio�n�,and financ;ing. As a developer and property manager, CommonBond also owns every,,�developman�that they h�ue coristruct�ed and have never sold one of their developments. Commo�nBond has been in business f�h,e�past 40�y�ears and is the largest nonprofit provider of housing services in the,upper°Midwest.,CommonBo d cuirently has 98 properties and 4900 apartment communities tha�serve sen ors,families,and per ons with pe.cial needs,which are defined as persons with such disabilities astMultiple Sclerosis and Pa�'rlcinson's. They currently have over 7500 residents,including about 2000 childreri� � . . �CommonBond'has looked into Orono because of their affordable and life cycle goals. This srte has been guided`'for high d nsity housing The�42 units proposed would help the City meet their goals for the Metropol t n�Council as,�t relates to-high density and affordable housing. Workforce housing is for people that are employed in the public and private sector and earn 60 to 70 percent less than the median income. Novak noted the me�ian incorrie in this area is$80,000,which would mean their residents would earn at least $20,000 and no more th�0;000. Novak stated the affordability index describes the people they would serve with their development. People within the$20,000 to $25,000 would likely be a retail worker,health aide, or someone on social security. CommonBond does not impose age restrictions on their housing and they do anticipate having seniors interested in living here. Workers making more than $25,000 would likely be people who work for public schools, city employees, and firemen. Commonbond as a property management company does a thorough screening process of the renters and performs background checks. Renters must income qualify with verification by W-2s or 1099s.