7.2. SR 06-15-2020 - Laserfiche WebLink

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Description of Project Narrative Detailed description/scope of project. As guided in the FAST plan, Community Housing Development Corporation (CHDC) proposes to develop two three-story new construction affordable apartment buildings on the Southeast corner of Twin Lakes Road NW and 175th Ave NW in Elk River in two phases. The apartment buildings will consist of approximately 55 units each with a mix of one, two and three bedroom units and surface and underground parking spaces. Common amenities will likely include storage, roof decks, fitness / physical therapy room, library, community room, patio area, ball court, playground and community garden. Hillside Heights Apartments is an alternative development concept anticipated to serve subsidized households, families and senior active adults. CHDC has had success developing multi -generational housing and has seen positive outcomes including reduced loneliness and increased security and youth enrichment. What is the purpose of the Easement Vacation? What is being proposed? As shown in the attached site plan, CHDC will build a corner of the building in the vacated area, opening up site space and circulation for a second building, site amenities and parking. It is the key that unlocks the site. The vacation makes it possible for the development to accomplish all the planning and zoning objectives for the 1751h Avenue and Twin Lakes Road site in FAST Hillside Heights subarea including: • Density at 26 units/acre. (page 38) • Attractive, activated corner, streetscape and pedestrian connection along Twin Lakes Parkway. (pages 55-57) How is the request consistent with City of Elk River Comprehensive Plan? The vacation is necessary to develop the site that is consistent with the comprehensive plan in the following ways: Provide more housing type choices for the growing number of families in Elk River. "As the percentage of `family households' increased more substantially between 2000 and 2010 than the County and the State." (page 70) Diversify the housing types. "As of 2010, 80% perfect of the housing units in Elk River were owner occupied." and "...it is important for communities to have a mixture of both owner - occupied and renter -occupied units." (page 71) Create 55 units of housing for individuals and families at 50% of the area median income. "In 2010, 40.7% of renters paid over 30% of their household income in rent..." meaning that they are rent burdened. (page 73)