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City of <br /> q <br /> Pe not AGENDA ITEM #10.4 <br /> Lakes — <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Sandy Peine, City Clerk <br /> Date: June 3, 2014 <br /> Subject: TIF Request for Trailside Estates <br /> Report: On May 14th the Design Review Team (DRT) <br /> met with Brian Hartwig and Tom Johnson regarding a <br /> request for TIF for the Trailside Estates housing project. <br /> The DRT consisted of Justin Burslie, Dawn Bittner, Sandy <br /> Peine and Scott Pederson. <br /> The developers discussed a concept that consisted of <br /> affordable housing, a storage building, and the possibility <br /> of a small assisted living complex mixed in with the <br /> housing. Everything discussed was conceptual. There were <br /> no formal plans available. The developers stated that the <br /> housing would consist of starter homes at 900 — 1200 sq. ft. <br /> and at a price range of$150,000 - $170,000. The <br /> developers indicated they would be asking for a 15 year <br /> TIF agreement. It was also stated that if the project <br /> consisted of only housing, the plat would contain 26 to 27 <br />