A new townhome development received the green light at the Feb. 12 Ramsey City Council meeting.
The 50-unit The Seasons of Ramsey development, to be located on an eight acre parcel at the northeast intersection of Bunker Lake Boulevard and Town Center Drive, received unanimous approval of its preliminary plat, final plat and site plan approval as well as vacation of drainage and utility easements and the right of way for 147th Circle, which will become a private street.
“We want to make a good product for our residents and the city,” said developer Mike Podawiltz of Podawiltz Development Corporation.
His company will own the rental townhouse complex for the next 30 years, he said.
The development will also create a critical east-west roadway with 147th Lane, which will be constructed by the developer, said Development Services Manager Tim Gladhill.
In April 2012, the council had agreed to Podawilt’s request for a local contribution so the project will be eligible for a Section 42 Tax Credit Application to Minnesota Housing Finance Agency (MHFA).
In addition to agreeing to vacate 147th Circle, the council in April approved the donation of a remnant Housing and Redevelopment Authority (HRA)-owned parcel half acre outlot and $15,000 in grants.
The city was not required to contribute the $15,000 as the project was granted the funding without that contribution, Gladhill said.
In exchange Podawiltz will be completing the 147th Lane connection to Town Center Drive, he said.
Tammy Sakry is at email@example.com