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01-14-91 PC Agenda � GOLDEN VALLEY PLANNING COMMISSION Regular Meeting GOLDEN VALLEY CITY HALL Council Conference Room, 7800 Golden Valley Road Golden Ualley, Minnesota { J anuary 14, 1991 7:OOp.m. � # AGENDA ` I. APPROVAL OF MINUTES - December 17, 1990 II. CIP REVIEW BY DON TAYLOR AND LOWELL ODLAND • III. REVIEW OF HOUSING TASK FORCE SUMMARY AND RECOMMENDATIONS IV. REVIEW OF THE UPCOMING APA NATIONAL PLANNING CONFERENCE TO BE HELD IN NEW ORLEANS V. REPORTS ON MEETINGS OF THE HOUSING AND REDEVELOPMENT AUTHORITY, CITY _ COUNCIL AND BOARD OF ZONING APPEALS VI. OTHER BUSINESS � VII. ADJOURNMENT • MINUTES OF THE GOLDEN VALLEY PLANNING COMMISSION • December 17, 1990 A regular meeting of the Planning Commission was held at the Golden Valley City Hall , Council Conference Room, 7800 Golden V alley Road, Golden V alley, Minnesota. The meeting was called to order by Chair Prazak at 7:lOp.m. Those present were: Leppik, Lewis, McAleese, McCracken-Hunt, Prazak and Russell ; absent was Kapsner. Also present were Mark Grimes, Director of Planning and Development; Beth Knoblauch, City Planner and Mary Dold, Secretary. I. Approval of Minutes - October 22, 1990 MOVED by McCracken-Hunt, seconded by Lewis and motion carried unanimously to approve the October 22, 1990 minutes as submitted. II. U date b Staff on Pro ress Made on the I-394 Flexible Zonin District Oay Care, Amendments an Group omes Mark Grimes told the Planning Commission that the City Council looked at the zoni ng framework compl eted by the Commi ssion and found i t acceptabl e and thi s work should be back to the City Council by early 1991. The intent of this • framework is to establish performance standards in the I-394 District. Beth Knoblauch talked about the additional changes needed to amend the Zoning Code regarding D ay Care Facilities. Staff told the Commission that On-Belay has not contacted the Planning Department regarding any further discussions regarding the site at 6100 Golden Valley Road. III. Re orts on Meetin s of the Housin and Redevelo ent Authorit Cit ounci and Board o Zoning ppea s No reports were given. IV. Other Business No new business was presented. V. Adjournment Chair Prazak adjourned the meeting at 7:35p.m. � • i SUMMARY AND RECOMMENDATIONS OF THE GOLDEN VALLEY HOUSING TASK FORCE � On June 13, 1989, the City Council ' established the Housing Task Force by passing Resolution 89-40. The purpose of the Task Force is to establish housing goals and priorities in consultation with the City Council . The Task Force has met 13 times beginning on January 3, 1990. The Task Force has used many different sources of information in its deliberation including existing housing plans and studies prepared by the City, and demographic infor- mation on the City and Metro area. The Task Force also took advantage of meeting with numerous experts that provided information and ideas regarding such topics as senior citizen housing needs, low income housing in the region, an overview of the Brooklyn Center housing plan, human service needs in the north- west suburbs, housing maintenance and neighborhood security. The Housing Task Force is very grateful for those experts that provided their time, experience and information. The highlights of the Task Force meetings are summarized in the following paragraphs. Phil Cohen, Council Member for the City of Brooklyn Center, discussed alter- natives in attracting first-time home buyers; these included crime prevention programs, housing maintenance codes and improved transit services. Sally Adams and June Ullom (Sally Adams Realty and Edina Realty) observed that Golden Valley has a lot to offer, but very little is known about it. They recommend more effort be made to promote it, especially to first-time home- buyers. � Lloyd Becker, Director of Zoning and Inspections for the City of Golden Valley, provided information on permit use and inspections. Sheila Miller, Crime Prevention Specialist for the City of Golden Valley, told Task Force members that crime in Golden Valley is comparable to that of neigh- boring cities. However, she encourages citizen participation in the various crime prevention programs that the City has to offer in order to better under- stand the nature of crime. Barb Bailey and LaRhae Knatterud (Senior Citizen Coordinator for Golden V alley and Representative of Area Agency on Aging) discussed the changing needs of the elderly population, including an expanded network of services in such areas as health care and transportation. Ana Moreno and Susan Rest (Housing Supervisor, Metropolitan Council and Planner for the Northwest Hennepin Human Services Council ) pointed out that low-moderate income level groups are growing and that there is an increasing tendency for homelessness to occur in the metropolitan area. Carol Danger, Social Worker for School District #281, informed the Task Force members that the family structure in #281 is changing. There is an increasing economic and social disparity within the school system. She suggests this may mean a new role for both educators and the community alike. To aid the Task Force in its deliberations, staff had compiled various bits of � information acquired through its course of research. The attached appendices provide useful statistics and describe trends in the metropolitan area: -1- Appendix A: Sampling of neighboring cities' housing maintenance codes • which describe the various approaches a community can take to maintain quality housing. Appendix B: Synthesis of potential local impacts of inetropolitan Council projections for future trends. Taken from "Housing Markets in 2000", the projections outline factors which might be at issue in the future, such as: Age of housing stock, aging population, decrease in the number of first-time homebuyers, etc. Appendix C: Composite of housing common to Golden Valley for the period 1980-1989. The result of the months of work done by the Task Force is the seven policy recommendations that form the next section of this report. The seven policies include rationales for supporting the policies and action plan components for each policy. The Task Force further recommends that these policies, and the background information collected by staff, be forwarded to the Planning Commission along with a directive to incorporate them into an update of the Housing element of the City's Comprehensive Plan. One concern the Task Force wants to express to the City Council is that it is difficult, if not impossible, to address the "housing problem" in isolation from other human service problems. First, the "problem" is not one that can be addressed solely by Golden Valley. It is a metro or regional issue that no City � alone has the resources to address. Second, the "problem" does not just involve providing places to house people. The "problem" involves providing the neces- sary network of human services and physical services necessary to allow a low income family or person to live in Golden Valley. Without adequate public transportation in Golden Valley, for instance, it is very difficult for families without a car to get to the doctor, school , store or job. The "housing problem" cannot be isolated. It must be addressed at the same time as other human ser- vice issues that are the responsibility of various government and social service agencies. Mayor Mary Anderson addressed this problem well in her speech she gave when she was made the Regional Citizen of the Year in March of 1990. The speech was about housing in the metro area. In that speech she talked about how problems are interrelated and that dealing with one problem at a time is not the solu- tion. The solution is dealing with the "mess" or all the interrelated problems together. Picking off manageable pieces of the "mess" is ineffective. In this speech, she also made it clear that the public investment in affordable housing should only occur if there "is a clear program associated with the housing to make available whatever services are needed to help persons occupying that housing to build self-sufficiency". The seven policies recommended by the Task Force recognize the limits of the City when it comes to housing and human service needs. 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CJ YI Ol+� Cl 7 O C 01 C 4- t0 R7 C a E h3 a� u dc�c� 3 c � H s.•�� o.c o++ oa �a ovs ro o � i i i o i � i c� c7 N N N N N L 'p N �O y � N Of YI vf C 0! i�•� ""� V G C L C G7 O �•'- N r 'p Vf N i.� � � 'r � O C OC • .0 � C�O O C O N� � O� • F- L m ro v... ++ = o in ° °c 3 rn �o ai c a� rn�•� c�ro �° �° a�'_' ai+++-+•� a� Eo3 Qy+�., 3� L G.4- �� O C+� �O i � L � +�a.+ C O O C 0) Oftl.. i d N O+� L �^ � `� C V O- � � Of= • � T n L C C OJ b.-- t � f�0.rU. � 00 •� Ec� � �3n� �� .o.c = rn� v o��, ro `�c v�ai �++ CJ Y dJ rO�n- L � �'�"' �L .0 L 7 3 0�i b c� a.+ �e ,�o �o+� in'-.N C7+a rn � N O M1f U � C d OyJ� t t„) L C L t L C7 N.0 F-= bo F- 3umc++ O Gl C N � Y.0 V1 O L.0 fn w O O Y C t/l+a N OJ.0 �gO U � VI�.� N R7 rt7 Yl� C�� FO N L 01 L N~ L d��•C E N 'r-�.0 t� 1/1 CJ 9� �O Of•��r- i�� OJ� d' Of N C1 +� 'C C 4- U rt1 N E d � C Ol i�r+� 7 C.-.Ct•rW•'- L+� L . � Gl O O1 V N �O 1/1 �11� �O V N �O� O C O'C ro b � ca� �n » aion�-4-.r- c a a,� c.c � rn�� d io �n= � °"aEi naii o-�o 0 C�� OJ U 07 !� � U N 17 Of+��d C.U r•'- � � GJ 'fl Ol tq �.r�. ' O Ol 0!� C t0 O N N O � L N �O C 'O 4-� t�F� O�l/1 a N i-��r-� tE/1 O � O O 7 Of IA E O 0J i�� U1 O ��-- L t•E J� OJ vl � N N O Of UI C7 Of C1•n'O a'O U O�+U � � 'D a�-� C U C X'r C� C Vl Of 7 C w4- v a,a� o a� '- a,aia.+•� a� ro+.+ c o � c o o� C +� �n E >W �n �+ vl �n � • U O O c CJ t0 0•'- 0 7 M- O O7 7 O1 �'C C.)•� �'r E U N L N O !,.)�..> > O 9 Ol'O L GJ i�iJ C E L C p1 t/1.0 C t O U C O U �U 7 C • O N U .0 N 0/�..1 m- t� L N U L�..1 C� �O � �� C � t O N� C O U O M- 7 � F- C L f0 7 tL � �O 4-CJ 4- �O d n � Appendix A � MEMORANDUM � � �A�= June 13, 1990 . T0: Housing Task Force Members FROM: Beth Knablauch, City Planner SUBJECT: HOUSING MAINTENANCE . � At the request of the Task Force, staff has obtained housing maintenance codes from four of Goiden Valley's suburban neighbors. A summary table comparing the extent of coverage of the four codes is attached. A copy of the New Hope code, which is fairly representative of all four, is also attached. The other codes (for Brooklyn Park, Robbinsdale, and St. Louis Park) are available to any Task Force member who would like to do some additianal reading, but we didn't want anyone to feel overloaded with research materials. � Based on some additional staff research, there appears to be a variety of approaches that cities can adopt to promote the maintenance of a sound and attractive housing stock. Locai codes can deal with rental units only, or with all housing units, and can include different levels of regulation for different types of housing. Codes can be limited to basic health and safety concerns, or can include much broader aesthetic considerations. Inspect�ons can be required on a regular basis, at time of sale or change in occupancy, or when a specific violation is suspected or reported. The result of the inspection can range from a simple statement of deficiencies to an order for actual repairs to take place before occupancy will be permitted. Many items that could be addressed in a housing maintenance code are often included as parts of other local codes relating to fire prevention, health, new construction, weed control , et cetera. For home buyers, there are also ways of addressing housing quaiity without city involvement. Home inspections are required, for example, in order to obtain some types of financing. In addition, the Minnesota Association of Realtors has adopted a seller's statement of home condition that will be made a binding part of all future purchase agreements drawn up by participating realtors. Finally, a growing number of home buyers themseives are requiring independent inspections before negotiating a purchase price. Lloyd Becker, Golden Valley's Director of Zoning and Community Services, will attend next week's meeting of the housing Task Force, and will discuss housing maintenance in the City today and historically. e BK:mkd QRENTAL UNITS OWNED UNITS B N R S B N R S � R E 0 T R E 0 T COMPARISON OF LOCAL 0 W B 0 W B ' . 0 B L 0 B L MAINTENANCE COOES K H I 0 K H I 0 L 0 N U L 0 N U Y P S I Y P S I N E D S N E 0 S A A P L P P L P A E A A E A R R R R K K K K WHEN INSPECTED At regular intervats ----------- X X At t9me of bldg. sale ---------- X X X X X Any time with probable cause --- X X X X X X _ .__ �.,. ITEMS ADDRESSED eGarbage/rubbish ---------------- X X X X X X Rodent/vermin infestations ----- X X X X X X "Public nuisances" --------_____ X X Exterior structurai/appearance characteristics --------------- X X X X X X X X Basic service/utility standards --------------------- X X X X X X X Interior strucural/fixture characteristics --------------- X X X X X X X Fire protection measures ------- X X X X X X Occupancy limitations ---------- X X X X X Energy Efficiency X X X NOTES; In St. Louis Park, a change of occupancy is a cause for inspection of rental units, as we11 as a change in building ownership. However, only single or two family rental units are covered under the maintenance code. Apartment units are presumably covered under their own licensing regulations. In New Hope, the maintenance code also covers facflities such as nursing homes, hospitals, day care centers, schools, hotels. publ9c buildinqs, and ecammercial buildings. In any of the cortmamities, items not addressed withfn the maintenance code may be cove�ed in building codes, fire cades, health codes, or any of a number of other city regulations. _ ' � � . � � . Appendix B �• � M81� 08AHDIIM D�TEs April 25, 1990 , . TOs Housing Task Force Members � . FROM: Beth Rnoblauch, City Planner � � 3IIBJECTt HOIISING ISSDES ' The attached pagee provide a sammary of issues identified in the Metropolitan Council report, "Houaing Markete ia 2000" as they might rel�te to conditions in Golden Valley. Overall, staff sees no major pointe of concern regarding the identified isauee. This is good newe for the City, but the Task Force ahould keep three thinge in mind while reviewing theae iaeuee: • ' , ' ' J 1. There are eome gapa in available data that could translate to � gapa in understandiug the full impact of aay of the issnee. 2. The Metro Council report, as moat planning efforts, is future-oriented. A failure to fiad any eaisting problems doee not mean that steps don't need eo be takea to preveat future probleme, though it doea indicate that Goldea Valley is in a etrong poeition to avoid problema if ateps are taken early. � . . � . . . � .. ' . . � 3.. There are several ather potential housing issues that are not addreased in the "Housing Markets" repbrt, , though some � • ' could be inferred from the issues that are raised. � 0 f0 • W 00 0 C iJ f0 1+ Q m =t`O w dl 00 4J Y E� i0 A �-1 M 00 00 0►M Y Y N ! 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O al m M e0 L� � m '� 01 tJ doarmp' No � uw'� b�, dobd .°�i'Oeo � � � � wo,w > owq.�ie°0ooae � a ,°a�t m�-°�ioemr ° .a a� ►+ o ,a .c p„� m � a .e .rs a► .a w � w ww d •.a � � � v~a p N ,�pi a.°��° a p 6� °o a�e a°+ a�+ � E�t a+ e0 a+ pu a+rl C� al p W u a+.c u O e0 1-� O p W � �� O loip p � a �o a+.�C � m o � M r`. � 3 .� � b , ' �N �+'� M � �� o bo� � ' • oa; m .� o � � � � M . o� oa � R A N �~ �� I � � Q � O 0 M � O ♦ � � � � �w � � O i� ap ' � ~ J� O O .q � M � +i p� O A M � a � m a � � , a '° "N'' � � w . . � . . � , *+ u. a+ y, m � � O A M � � � � m p � � m � a � � � � � � . ' . � � � � � � , - Appendix C � :�-.` GOLDEN VALLEY HOUSING OVERYIEW �, The attached exhibits present an inventory of basic housing character- istics in Golden Valley. The data were compiled from many sources, with varying levels of reliability. In most cases, notes are included to explain data collection and data limitations. Exhibit 1 shows a breakdown of Golden Valley's housing by type. The City is strongly oriented toward traditionai , single family detached units. Historically, development policies in the City have emphasized single family homes as the preferred type of residence, though the diversity of the housing stock has broadened over the years as ne�r housing needs have been identified. Little more than a decade ago, for instance, in 1978, single family detached homes comprised 83� of all housing in Golden Vailey. Twenty yea�s before that, in 1958, 96� of the City's housing was in single family detached units. Despite the broadening diversity of its housing stock, statistics presented in the Met Council 's recently reieased "Housing Markets in 2000" indicate that Golden Valley does not match other inner ring suburbs, or the average still-developing suburb, when it comes to providing alterna- tive housing options. Exhibit Z provides an indication of how the housing stock in Golden � Valley has changed in the past ten years. Nearly 100 homes have been , . removed, due largely to I-394 construction activity and to the rede- �, velopment efforts of the City's HRA. At the same time, more than 450 housing units have been added, not a11 of them detached single family homes. New construction minus demolitions would yield a.net growth of about 380 units, but a comparison of 1990 precensus housing units and 1980 census housing units indicates that Golden Valley's housing has actually increased by same 720 units; the discrepancy has yet to be resolved, but is most likely due to the way building permits are issued and counted. It should be possible to go through the building permit records more thoroughly and compile a detailed picture of where different types of housing have been built in the last decade, and in what neighborhoods remodeling and structural additions have been undertaken. The number of additions and remodelings shown in Exhibit 2 is an indication of the ievel of housing maintenance in the City. Exhibits 3A and 38 enumerate the higher density housing deveiopments in Golden Yalley. Duplex, triplex, and accessory units, except for the King's Valley development, have not been included because infor- mation about their exact number and location is not as reliable as for larger multiple unit developments. Otherwise, these exhibits are simply an expansion of the data provided in Exhibit 1. , Exhibits 4A and 46 provide some data on the cost of owner occupied e• housing in Golden Valley over time and in comparison with neighboring communities. It appears that the City's homes have consistently sold _: for above average prices, and for more than in neighboring inner ring _ suburbs, but for less than in neighboring developing ring subu�bs. • _ Golden Valley Housing Overview � Page Two � Unfortunately, except for the table showing the number of sales by the number of bedrooms per unit, the information in these exhibits pro- vides no clues as to the reasons for the differing sale prices between communities. Housing age, type, size, condition, and location are all factors that generally contribute to overall housing cost. Exhibits 5A and 56 provide apartment rental and vacancy information for Golden Valley and surrounding communities. The City's vacancy rate appears very low, considerably less than the conunonly accepted 8 - 10� for �ental units. There is a big gap between average rents for one-bedroom units and two-bedroom units, more so than in other commun- ities. Actual rents, however, cover a fairly broad range. � T� � � . r� � EXHIBIT 1 � 1989 GOLDEN VALLEY HOUSING INVENTORY -, (Data From Var�ous Sources, Some Estimated) . . � CONDO/ SENIORS • � TYPE OF HOUSING UNITS PERCENT COOP ONLY SUBSIDIZED Single Family Detached 6,130 72.9 Duplex/Triplex/Accessory 370 4.4 (154) � Attached, Separate Entry, 4+ Units 326 3.9 230 96 Attached, Common Entry, 4+ Units 1.587 18.9 476 446 277 - TOTAL 8,413 100.1 (860) 446 377 Notes - The City's housing inventory was based on a detailed 1983 land use map, current half-section maps showing street addresses, a 1989 R.L. Polk Q street address directory, miscellaneous City files on individual pro- jects, and field checks of selected sites. A comparison of the City's _ block by block housing estimates with independent Census Bureau estima- � , tes at the block level indicates that these numbers should be fairly accurate. - In an effort to better reflect the City's "unofficial" duplexes or accessory apartments, several types of Polk directory listings were counted as duplexes. Residential street addresses ending in "1/2", or designated as "upstairs", "basement" or "apartment x" were included, as were any �esidential addresses that listed two last names with two different phone numbers. These units were added to the number of known duplexes having two normal addresses for a single structure. - Townhomes are one example of attached units with separate entries, while apartments are attached units with connnon entries. - The condo/coop category reflects multiunit developments with the capa- city for individual ownership of units, though same of those units may. actually be renter-accupied. There may be some duplexes with condo or coop ownership arrangements, but other than the 154 unit King's Valley development, no information on this was immediately accessible. - Senior citizen developments may in some instances allow nonseniors who have a physical handicap. � • - The subsidized unit count includes 27 apartments at Mallard Creek that � are required to be reserved for low and moderate income households but r are not regulated through the Metro Area subsidized housing program. EXHIBIT 2 � GOLDEN VALLEY HOUSING INVENTORY CHANGES '� 1989-1989 (Data From Annuai City Building Permit Surtmtaries) HOUSE MOVING NEW CONSTRUCTION ADDITIONS/REMODELING OR DEMOLITION UNITS �/UNIT AVG. UNITS �/UNIT AVG. 1980 2 37 82,603 268 5,444 1981 2 31 92,097 227 6,930 1982 4 14 140,786 253 5,986 1983 4 23 83,426 239 6,665 198� 8 59 64,261 276 7,070 1985 22 88 81,161 281 6,753 1986 21 111 57,729 330 8,470 1987 10 16 94,125 326 8,687 � 1988 3 8 147,411 324 8,973 r-, 1989 11 22 133,431 297 9,945 TOTAL 87 469 2,821 Notes - House movings were counted only if the houses left the City. The reported loss of housing units might be on the conservative side, since removals by government agencies do no necessarily go through the City's permit process. - New construction includes all types of housing. The numbers are housing unit counts rather than structure counts, so an apartment building with 22 units is counted as 22. The years 1984, 1985, and 1986, which have somewhat lower values per unit, all include apartment construction. New construction as reported here might also be conser- vative, especially in reporting multiunit developments. Other office records indicate that at least part of the Laurel Hills Condominiums and at least part of Calvary Center were constructed after 1980, but neither appears in these numbers. - Additions and remodelings cover a wide range of work and expense. In December of 1989, for example, permits ranged from $900 for a firewall � � to �26,000 for interior remodeling. -� - All dollar values are preconstruction estimates, not actual costs. There has been no adjustment for inflation since 1980. � EXHIBIT 3 A � 1989 GOLDEN VALLEY MULTIUNIT OEVELOPMENTS � � � � Separate Entrv, 4+ Units Per Structure MAP KEY CONDO/ NOS. NAME UNITS STRUCTURES COOP SENIORS SUBSIDIZEO 1 Briarwood 76 16 76 2 Dover Hills 64 12 64 3 Galant 6 1 6 4 Hidden Village 62 8 62 5 Medley Park Zg q 28 6 Pheasant Glen 26 6 26 1 Skyline 14 2 14 8 Vallee D'or 46 9 46 9 -- q 1 4 Common Entrv, 4+ Units Per Structure MAP KEY CONDO/ NOS. NAME UNITS STRUCTURES COOP SENIORS SUBSIDIZED • 32 Briarwood 53 5 53 10 Brookview 71 4 71 �.,--. 11 Cal vary Center 200 2 120 200 80 12 Colonial Court 36 3 13 Colonial Trentwood 54 5 14 Copacabana Tropic 31 1 15 Covenant Manor 124 1 124 124 16 Crossroads 34 1 17 Dover Hills 170 1 122 170 18 Douglas 58 4 19 Golden Valley Arms 51 1 20 Laurel Estates 65 1 21 Laurel Hills 108 2 108 22 Mallard Creek 122 1 27 23 Mayfair 24 2 24 South Wi�th 6p 1 25 Valley Creek 36 1 26 Valley View 72 6 27 Valley Village 111 6 28 Yillage Terrace 79 4 29 Westbrook Manor 21 1 30 -- 1 1 Ma�or Duplex Development � �P � • KEY CON00 �, NOS. NAME UNITS STRUCTURES COOP SENIORS SUBSIDIZED 31 Kings Valley 154 77 154 i�•�.�i• � t i,��s"tp%'.�¢j�� .,',•�O7�r i+ ,•:j.•�� wrM � �i S� c.1.�{,�+':�,��,,��',� �' ,�� •'�...� ,� '� e' �.i�� :�ih,��,�rYw•.�;;'y�� .y��ki�i; ,�� • �w';:::+ ��.11i,�� ,y ,� tii'.'�•.•::.;y• .:�.� ��:}��:,>; i� 'Y �' '� � ~�w�i.i i� • .�:iy+��i��'•�:'.•'-4i.i 1iy ��J" !��" y.j p{"�� ', • ��r.r-��f �J.. • i:ti i ': .. a• y"%•;'�s:. � • i '.:�E '� M , "� � .� � s •�►��' i:��•.�Yd�� iy�i:��. �.. M .�::.Ci �� ti'r.c• ��.rj�i: b o�'G.. j�`Pw..•� :.'�ri•s ��M r., � �r��•o �t •�.L , � �' . :a:j.. �, r.�s'��„s•• i�• �+� �,',��►.��ti,��y.,a. �.:�'; �a.��::}_ ..� ��pqf;��.�F��:�<�-��,�� :.��.:�.�. � �s. �� •�•.� eY'� ~,� 1 :�1-4;�'. ` rI �� ;. s+ ;;;'�i�+�.� �� ii � 1 % �r� .:;�s;�.�`�, . 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N � f,!' r �-�� i : e�� .� �1� �� ""' . �.,. .,—^��_ _. . �—�. .. �S ' _�y�� r—�_t�r, •`4r-rj= ^ : M , �. � . -�_f ;�- ��T�j'' ': '•+j � � , �—�-\ � 1 e � � � � , ; e �.,��. � � a �� .,�.� � � ' . :.. .,_. _ ��. , • �1 r ��t� i� �J �"''w :� � `J� � � j r �` I e1.�1��ii'� {+ ` • 1 i� 1 ' �• a � � I ! �I �+ �` Ol ^ • � , ' �� ' �vY�L �� = ��' ��j� J � MY • \� } � //� I � � � � ; � ;��{ � �,, N _ i► r-� � _ Z a�, ' � �I "�7,,=� � ! ��Ig � ' / I `r- � /r'� ,,:;.e e.-� �� ! ��w � �,� � .�� —,� ��:��j�i i�i l � '�ut �'�;�,.., r ,' � �� ' � I. � � ' .�r u�.� a' � '� � �� I�.a�v, j' � i; •'•7�'�"'a��,„-� i{ j � IL� � Y ��'Y��""��..�_.,�'"°� ' � ��'�:r ,2 yl �.� o� o A _,,,,.''a�..ti�:.; i,'�• ��,sJ� �J� � �J�� . a Z E � �" i�� f � � r-•..�. �_ ^ N��r lti��. sa_� r '�.�ari�� %AS• ��.• ,��,1� I � a1 C `4. ~ � ~ ,��'.�.� ` ,' �� J L � � . `�• 1: _ � . �m*1'E C L�. G7 d �, �,�` � k�� /! ti � '•��•'�'s�. „iri' e a F�Y � C a 0J Q t �- G �I � •t , I ! �?�b��M��! ~W OJ 41 � L M I� � � (� *l �L1'� �J +� 'O L �� r�'� � : .� �" �'7�� 1�, ' ' S Q L O L U� _1w �� ^ �'' E�� 1 � Y�� j . '� sc� E V � a � ti••.�r•�� Y ..>r;:;'3•f% W a.E n �n� ' � � !� I � • :,• �a�¢y ,�•=`.'.� � :. 'Z n! O r0 L.0 I 1. � 0 �n u6 a, x � � �r� .: ' � w � 11 q p E W ' Y � � � � Z O , � � � r�1 /L�— � p � .. :--,=�_: � �° � � m ��!��. ��1.n..�� e ,� ' �n'� :. � ►s;��,t�' --� �—�—,� �' � ` _ � ` --i--�: i —-r��.ar--L ,. '1 � t=`i��lra�i� . 'r 1 � �,��//' �I� � � �oldEn ' �IIc ., � � . �' M[�twM can*� —��csot� ' T N� +� �. ...°'.5::. u".�." �. «�. .�......�.. I �...uw� EXHIBIT 4A: 1988 HOlE SALES IN GOLDEN YALLEY ANO MOUND THE l�TRO AREA � �� , ' 1 . � A regional MLS Orogram �as �oa�eneed ey the area's four 8oards/Associations io 1988. There are 501 offices in �he Minneapolis srea, 180 ofiices in the St. Paul area, 98 offi- ces in the Oakot� Couety and 87 offices in the Moks Cow�ty 9oards/Assoeiations that par- ticlpate in the Muitiple Listing Se�wice. The data included in tAis report has been received from the particlpating offices of the regional IO.S program. Mith the regional l�.S p�og�� seren p�operty classes Mere established: C1aas /1 - �esidential/single fasily. /2 - condominium/torm/twinhome. /3 - duplex, /4 • wobile home, /5 - far�/hobby farm, f6 - investment and 17 - ac�eage. As part of the regional MLS prograia that began in 1988. listing aed sale informatlon from trro computer systems Mas me�ged. This is the first repo�t of data available through the regional MLb program. Inforaation contained in this �eport is sub3ect ta errors and emissions. The data herein has eot been verified by the sponsoring Boards/Associatlons of the �egional MLS program or Regional MLS and RMLS and partictlpating 8oa�ds/Associations do not assume responsibillty for fts acwracy.' These tables are froa a 1988 annual report. The report for 1989 is not yet available. The data presented here cover only those haaa sales that went through the Nultiple L1sL1ng Service which a�ay not be enti�ely representatire of all hanes. � The home sales include duplezes. condominiums, tormhouses, and mobile homes as well as singie family detached houses. In 1988, traditional houses accounted for 86x of the Aome sales covered in these tables. �r—• � •Intonaation taken froa� the Real Estate Activity Report REPORT ON EXIST1NG 1, 2. 3. AND 4 OR MORE 6EDROOFLS !4 NOlES SALES IH 1988 AYERAGE TOTAL OME T1t0 7HREE FOUR TOTIII f SALE DIST. SECTIOII SALES BR BR 8R OR l�RE YbLUME PN10E 550 C�lhoun Na�M et (M1m�ea�lis) S08 7 114 281 106 f 57.218.316 s112.634 551 Led�r Isle:-Loring (Minna�polis) Z27 2 33 85 107 39.8�8.793 175.5�5 552 North (Min��polia) 729 41 268 309 111 �,509.978 52.625 553 Northe�st (Minee�polis) 387 22 158 167 40 2�.524.526 63.370 554 Pirtrq Yest (Mi mieapoll s) 413 8 98 219 86 41.Z70.935 1�.415 555 ►ukw�r Cent��l (Mtnneapolis) �9� 18 169 241 66 39.613,605 90.189 556 P�rkwar SoutA (Minneapolis) N8 37 192 189 30 30.740.117 68.616 557 Sm�tA (Minneapolls) 421 28 188 162 �3 Z6,235.728 62.317 558 Soutb Central (Mimieapolts) 1�2 6 � B1 25 6�977.350 49.136 559 Sontheast (Mtm►eapolls) 18 1 23 40 14 5.709.289 73.196 S70 sie�er ��tr 10 0 2 6 2 640,109 64.010 S71 Brookl�n Gnte�-P�rk 6�4 10 166 �78 190 73,939.527 67.606 572 Mrlqht County 58� 12 184 268 1Z0 40.809.963 69.980 573 6olden Yaller/Tyrol N/lla 270 0 35 147 88 30.84, 473 114 238 S7� rwu �-3'��3 . , 3'1—I"l�=Td� 575 Robbs-Crystal-Nen Hope 191 16 177 459 142 63.634,715 60.144 576 Dayton•CAaaiplin-M�ple Gro�e-0sseo 8�1 � 176 447 244 90.757.519 104�199 577 Sub. MM Mtsc. 191 1 26 301 63 20.578,101 307.738 578 Ri�ffeld 358 6 97 225 30 28.569.087 79.801 � 579 E�st Blooaington Z68 6 66 161 35 22.360,772 83.135 S80 Nest Bloasington 653 5 35 733 Z80 67,410.248 134.625 585 Edina 617 S 61 Z91 260 110.968.939 119,852 587 Hopkins•Nimietonka 719 5 80 333 301 99.655,935 138,603 i"' S89 lake Minnetonka 879 Z5 157 372 325 151,371,170 172.Z08 . 591 St. Louis Park 569 10 159 325 75 51.5,1.545 90.582 592 Eden Pral�ie 595 2 63 250 Z80 88.637.959 148.971 593 Eaat�ra G�w� f.o�ty 3Z9 3 SO 158 118 36.985,A34 112.418 594 Yestern Grwe� Cow�Ly 107 2 Z2 48 - 35 8,557.050 79.972 EXHIBIT 4B: � HISTORICAL HOME SALES PRICES, • GOLOEN VALLEY ANO METRO AREA � �i. y ' �'� ... t . . � ` ��1l1�'��l1�� , _.�"�`�-=� ._ li�E8�1F1N17AL ."'. . :�- . , ;`�8p11tE SALFS: a+�++ .rr�.r �+ �..� ,,,,•..� GFf�DIAN w.�.r wi.. rr. �w�. ••;F,,;i„'�IC�'S—�9 �+�c► s�i� t ni.w�.�n saa tu� �w u.si • an.�aw� �,.0 t��n � � s m�.m.��i � m.m ��a�cs �muN �r+� io,on • srs�w.+r ww m.sri J...s tui�ao a�.�w Iff2 p.�lf { �M.lM,IT M.1M i7�.110 lyy�► �� R14' 11/! f1�Y t Ir.Al.tl� WI� 1f1.l� � �.� M.7a �•r• �.M+ t sa,.o��ar u,ai o..s�� ms aa» � �nas�.aa uau o�.a� A�ar t1,�oo o,�os- �m s� t sa�.+�� u,a� �u.�n w� tr.�ao gt�s �+'r► au++ a.�a.�w.ms s�sn ur.w �rn � y�,..,...�.. a,re an.r� � �� nr000 ��+ �+ a.��na+.a. �,w wu+ � n.uo n�mo IMO 11� p.i1a.7A.flf W7/ �MJ� A�. I1� RlA N�I b.lO 1!,!U Tf►.SM 17�7f � �r �1� N.� �� w..is � w�.�a,w u.�a ta.s au�. n.�oo nam nn �o.� s�.sw.rNax ��.n� tu,� i�w s�.w uawua�i �w� w.aQ+ uwM. n.�oo ��.�oo �+n ��.� s�.wa�.�s� �.u� ar.tw �. �maao a.wo �+K �.�a o.ty.a�.�u s.ws �o.��r ��n ��.m oaw�or.ue n.m fn.ra •�...ww�r.r�.�.�uaow ��a �o.rn asw u.,us ,A.�. �w.w� �.d.r..r�e.or.�.m.w�s. ti. . .�. , � � � • • • ' ' ' � � � 'F�i.EVEN YEAR BEY�R►-AVF1tAGE BALFB?�iCE HY D�fiTRIGT�10 a.. .o.��w.�. M.. rr�. sw sw n� sa tio so � s er w� � c�..r.an � uo ae..w�+�. a+� �a.� ma+s w.n� �..w a�.w to.w wa� w�.w� rwaa u�sw .a.� t�t arr+r.+...� '�.�r s.m� �maa �u,m tm�s m.n� �a.s+ w�.u� ��o.sa w.�o i�.w .u.� �u � r.w «.n� .�.u� n,�a o.y. a�a s�a � �.�w n.w► u.m -u .-• w �u.. n.a+ w.�as s...w �.�w w.w ��t �.w s.� �i.sn W.o�+ u.no .w �74 Mwf Mw �o.m w.n� �.� o.r� �.�w M.o�o M.w n.a� n.�o w.�u ioo.�m .0 u� M...c,�r w.m �r.w a.sio �w n.o. sr.s� �ia» s�au r..a� K.a� a.u� w !f� hA�15ar! M.7q f1.U7 f�.�00 fl.'►A �t.2ff H.14 N.OS 4Y1 �1.7M �7.1�0 Y.�� ♦L3 !!? loiY N.MO M.Op f�.s% l�.7A lt.t1Y l/.fil !7.'M� t1..411 �l.11! II.Iif �17 �O.i fri �aYP�eY A.N► 47.�'►t Q.W A�1 lf.U! �.OD w.701 I�Yt �.IM fl.lp �l.Iri �1.� �» ie..�.. �o.�w s�.,.� ano +e.�w �.w� a.�n ww w� �n.w ,.a�� n.�w -�a �o �.r.r�i.�.�.. �o.m x.as �.sr �n.�o n.w nau wu ts.wr a�r ��asn . • w .r�c+.�r — _ �aw �.�a ��.�u w.�w �.us �iau � � �.no ��.e �w �.+� w.m �.ai o.w� a.�n a�a u.u� �o.�o o�.w n.w ».on • abr rr. x+ w�wae.��•W. u.n+ �.u� a.� wM a.ut a�ru� ++,� �m�.nr im.ao �,aw • �.�wr,�«..r. � �+�•�w�r �r �.�s n.�s �a�s o.a= �,am � a�aa bau n.�a w.� •u r..�..i.�.�.. ta cos w+�+�..r. wao �.nr a�n�r �,aw w.iw �.+a �.� n,no �.� na�r • x� w�rc..�r.�w. n.a� ��.w a�.w ��w �,�e o.o� w.w� n.w n.� K,� • �W.rra !M �p.i� rA! 1bMt l�.tl� M.a/ L1.i� A.OI �1.�1 A.M i�.l�t /f�� • !A AW�QI.�I. y1,�7 �t.W Q►tq �,il1 IAU 741p 1f�M tl.� 7�.�! M.IIr • nt �.�.n.w m.ise �aw waM �aa t�.�aa tiAU n.w t�.iu �.us �.a� n�ot •w m �rwr.�.�..aw. — — aau a.a� tt,� �.w s�.w a.w am d.au �.ro .tw !f7 Odr Y 11� O.31i 1T.! M.tl� H.fp 1f.wl �I� MAN NJq W! te! t11.fY HA !H �b� 1�.M0 M,�IO M.A� Iv.Q! III,Yf III.W IU.13! 11l,/11 I�.ii1 1�1.l10 W.7N ♦W !p VIY�iY01�i 9.�M l�.W o.r �A1 �� 1oAM RN! 71.pi MrW T1rY/ �0.W ��i !IA IMp !f� Mylydwl�0� � — t1.Ml �l,aff �OI �fff p� �IAO �!.!M *I.Q1 IOr.Nr ♦IL! ��1� f!/ M.NM !1� u m �i.� I�N� K7f� 71.m O� �I�t f0.l7� M,m qf.f!/ ��.� �t � sf.ua �aau a.w xu� t�sn n�us mssi � x.w rsra n.� •i.t n� a.r..�. a.to s.rA a+.w nno� �u +�w s� ss.�a w.sn w.�ao a,w .�s ao M.�...r.. � �..�a �o.ae �.w �m.rn �m�ea. �m.�a �,w �o..+u �u.im w,a+ .n� MI M.�.�ua�.� s�iA oao� wu o.is a� r,s n.�oe �.i� rf,u� �m.� • r..�w.Mrrr. e . � ��wYM a,7A 7/!Ir 7�.0� 1/i� �O.tM A� �Or �0.0� I1�1 IOl.pl 11� ♦Oi! m �+.�.aw� s.w n� o..w »m� n�u � w�a a�.w oau n�i • w �wn vrr,. sas a�s u.wa t�.m sae auu t� s.w a,o� �m.� • �...�.�.�. ' �+ �.. �o wam �n� �sas w.w w.� uRr� wan w.w w.w ��r.aQ .n� ,•" ni M�r.+�..r.r. �w s.ar w,w �wr wau w.w w.sn a►aw �u.ns �a�.ra �».�m .ua � �.►.�d xw �.as � �u.rn �n� �.m aa� aua ��,w ar.�rs irt� •u s� �.�wr�rw a,�t �r.N � n�� w„w xw �.aK xTn �ran �,�r+ � •��a an r.rrs. A.m � � w,s �nan uus� �n.e� us.�rw i�.sx n�a�t wr.�n .ns �a w.�.s�r � o.�w stur e� t�.er +�n � a� �m v.w �u,ut •sr.s . •1r�i�w�l�wd�t�Ml�llaiA��il�rrrirrtlOiwr�rw� .� �... • EXHIBIT 5A: . METRO AREA APARTMENT RE?ITS AND VACANCIES /'� AVG. x AVG. x N0. RENT VACANT N0. RENT VACAHT CITY UNITS 8/89* 8 89* CITY UNITS 8 90* 8 89� GOLOEN VALLEY �� s�� 1 Bedroam 300 =467 2.7x Studio 3 5343 33.33x 2 8edroom 297 706 4.4 1 Bedroom 774 436 2.97 3 Bedroao 12 720 16.7 2 Bed�oom 564 5Z0 11.88 4 Bedroom 1 904 0.0 3 Bedroom 24 b91 145.83 N-P� Robbinsdale Studio 10 5376 O.00S 1 Bedroom 1106 437 3.62 1 Bedroom ZOZ E438 1.98x 2 8edroom 1166 528 3.95 2 Bedroom 259 534 1.16 3 Bedroom 39 612 0.00 3 Bedroom 2 620 1.51 P�1'm°°th St. Louis Park Studio 94 a375 6.38Z Studio 285 S378 5.96x 1 Bedroom 1699 505 7.06 1 Bedroom 2114 470 5.17 2 Bed�oom 2109 596 9.45 2 Bedroom 2123 582 6.88 3 Bedroom 219 740 26.94 3 Bedroom 97 708 3.09 • 4 Bedroom 1 698 0.00 , METRO Studio 6948 E356 6.59Z 1 Bedroom 55116 440 7.10 2 Bedroom 51161 540 7.86 • 3 8edroom 4413 652 6.62 4 Bedroom 28 • 886 21.43 Notes: - These data cover standard apartment rentals only. Rentals of single family homes, duplexes, candos, or accessory apartments were not surveyed. Townhouses may be included if the entire complex is designed for rental. - Data for Golden Valley are from a survey by the Planning Oepartment. Full apart- ment coverage was attempted, but some complexes failed to respond to repeated con- tacts. Actual cove�age is therefore limited to approximately 50x of all apartment rental units. - The data for surrounding coamunitles and for the Netro Area. were collected by `The Apartment Guide". They therefore may have some bias tor�ard larger and more costly complexes, which are more likely to be participants in The Apartment Guide's referral p�ogram. *Golden Vatley data are from October, 1989 lnstead of August, 1989. • � .,�� . � • - a� _ � � o � � r c 3 0 �— t� c b o 0 u � � v � � .., � m u � � N N C V d C � � • N N N H � � W M L N N pf � � � � � N- � m O � Z� � � � '"� O ►„� � w • M m � � �"" Q W U N = a m C � W a � � OOt�lN NO 00 NN th O. U � W O � �"� J C J � Q i� C � N E v��o ch Cp p r+^ cV� 1� ~ - W N� �p'f�ch �--�01 n'!.y p1 N • � m � U � C t3 � V � > : V O A �--�OOOOt�O 00 O O 00 2 � � U � b . � E . C � E m .-� C 1'�CO'�1l'f 01 CO W t0 N � N O ' M . � ��M rl O►r-� trf N � `O , V� � � Nmm •• t > > � - � � O.G. r J 1-�NM ++ �.a tc'�u700000u90t1'fOG1�C►tr'fOtl��DOt��f�01� Q C C N t�!t�00 O c•f�CD Q1 O�t'►f t1'1.�c'7 rr N et�tC� �-+O 01 r-� �— ,k � # �� M�MC7Nfef'��'�LCflift��01�1�1�1�1�1�COO�� F�-� - * * � .