City Council Meeting Date: June 1, 2021
To: Mayor and City Council
City Administrator
From: Mikayla Schmidt, City Planner
Title
Presentation and Discussion to Consider Resolution for Spring Creek Townhomes 2nd Addition Development Agreement.
Body
Action Requested:
The Northfield City Council hears a presentation and holds discussion to consider approval of the attached Resolution approving the Development Agreement of Spring Creek Townhomes 2nd Addition with the intent to have the Resolution on the City Council consent agenda on June 15, 2021.
Summary Report:
Spring Creek Townhomes 2nd Addition is located on land currently owned by the Northfield HRA and is being developed by Three Rivers Community Action. In 2019, the project was approved for tax credits from the State legislature to develop a 32-unit income qualified townhome project. The project includes multiple non-profit partners, several funding sources available to affordable housing and a TIF request. The property will be transferred to Three Rivers after all approvals and financing are in place.
The plat consists of 11.19 acres - zoned N2-B: Neighborhood General 2, with the site arranged to provide four 6-plex and two 7-plex townhome complexes. The subdivision layout is generally consistent with previous concepts based on the ARCON development.
This area, also known as Southbridge Subdivision, was originally proposed by the ARCON Corporation to develop 52 single-family residential lots, 140 row-style townhomes and 124 back-to-back townhome units. Only Phase 1 of the project was constructed before the economic crash of 2007-2008, which forced ARCON to abandon the project. Since then, some portions have been developed by other land developers with a large area remaining undeveloped. The undeveloped portion is currently being contemplated for additional phased platting and development.
Background
Spring Creek Townhomes 2nd Addition is located off Southbridge Dr. (northeast of the proje...
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