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1 take tremendous funding. He asked if any property had been found in the Carver area for <br />2 rehabilitation or purchase. Mrs. Sacks said yes. Mr. Haas said in this instance he thinks the low <br />3 income housing has a couple of advantages. He knows the location is a problem but Douglas <br />4 Development is not building subsidized housing there. Mr. Haas said this is a different situation <br />5 than what Council is comparing it to and he doesn't think the location makes that much <br />6 difference. <br />7 <br />8 Council Member Geathers said he prefers a senior housing community and units for people with <br />9 disabilities. Ms. Dusenbury said 5% of the planned units will be ADA compliant. Mr. Geathers <br />10 said the proposed plan is not Section 8 and he is not opposed to it but he still wants more senior <br />1 i housing. Council Member Cauthen asked about the development in Mt. Pleasant, SC that Ms. <br />12 Dusenbury mentioned. She said it was for seniors and families. He asked about Lake Lure and <br />13 was told it was for families. <br />14 <br />15 Mayor Pro-tem McCombs referred to the Consolidated Plan draft (included in agenda packet} <br />16 and said according to that plan about 60% of the land in Kannapolis qualifies for low income <br />17 housing. He said when low income housing is put in large areas you institutionalize low income <br />18 housing and never get out of it. He said he is hesitant to support this project. <br />19 <br />20 Ms. Dusenbury said the state ranked all sites and this site is ranked highest for family units. She <br />21 said there are some topographical issues with the site. <br />22 <br />23 Council Member Haas asked if there are people in this type of housing complex who want to <br />24 transition to home ownership. Ms. Dusenbury said yes and they will do home owner education <br />25 to help with that process. <br />26 <br />27 City Manager Mike Legg asked about the rent structure. Ms. Dusenbury said $500/month fox a <br />28 one bedroom unit; $565-$575 for two bedroom units; and $625-715 for three bedroom units. <br />29 She said there may be a deeper target for people with disabilities. Council Member Cauthen <br />30 asked about the rent at Coopers Ridge. Mr. Legg said they are about the same. He said average <br />31 rents are shown in the Consolidated Plan. <br />32 <br />33 Ms. Dusenbury said the Douglas Development plan is low density compared to the zoning which <br />34 allows fifteen units per acre. Their plan is for s total of 63 units. <br />35 <br />36 Kathie Brantley, of Prosperity Unlimited said Prosperity Unlimited has a very favorable <br />37 relationship with Douglas Development. She said they are very enthused about this project <br />38 because it is for families. Brantley said homeowner education prepared clients for future, <br />39 teaches families how to save money for borrowing. She said Douglas wants to rent to responsible <br />40 people. <br />41 <br />42 City Manager Legg asked if the City will have any protection in place with reference to future <br />43 owners if Douglas would sell. City Attorney Wally Safrit said it would depend on the terms of <br />44 such a sale. Legg asked about insurance. Safrit said only in contractual agreements, limited to <br />45 statutes. He said 30 years is about as far as you can go. Legg said at $7.8 million value that <br />46 would be about a $140,000 investment, good for multi-family, or $700 in taxes per unit per year. <br />City Council Minutes 6 <br />May 10, 2010 <br />Attachment number 6 <br />G-3 Page 190 <br />