Laserfiche WebLink
� � 7. <br /> O� <br /> O ��O <br /> � � CITY of OR NO <br /> ,� ;�.. � . <br /> ti <br /> ti <br /> RESOLUTION OF THE CITY C UNCIL <br /> ��� � �,��' 4 � 5 � <br /> ESI;O NO. <br /> 6. North of Kelley Parkway, the proposed mix of units and pric points includes <br /> 56 rambler townhomes at $450,000-plus per unit, 47 two-sto townhomes at <br /> $325-350,000 per unit, and 64 Lofts condominium units at $22 -250,000. This <br /> mix of unit styles and pricepoints provides housing options gen rally consistent <br /> with the City's intent for this property and consistent with he Community <br /> Manajement Plan (CMP). <br /> 7. In the CMP's Housing Action Plan six "implementation policies' are presented. <br /> Policy 3 on Pa�e 3C-2� reads in part as follows: <br /> "3. Orono �vill encouraae developers to provide a variety of ho sing types and <br /> cost ranaes. Whenever a multiple family or clustered housin development is <br /> proposed, Orono �vill actively encourage setting aside a reaso able number of <br /> units for large families and/or for low and moderate income fa ilies. Orono will <br /> participate and assist developers in applications for loan gu antees or other <br /> suitable forms of housing subsidy aids which may be availab e...." <br /> Council finds that it would be appropriate for the Developer o 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 p pose methods <br /> to price a number of units within the "affordable"price range, und r Met Council <br /> or other criteria, given that the overall density requested is at the ery 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 C for a density <br /> range of 3-6 units per dry buildable acre (including use of th north half of <br /> Kelley Parkway for density credit). The proposed density of 1-st ry 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 approxi ately 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 t e Community <br /> ManaJement Plan (CMP). <br /> Page 3 of 21 <br />