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r <br />MAY <br />9 <br />1989 <br />BOOK <br />7 <br />Mr. Hett felt <br />the rental rate in the first phase, <br />depending <br />on the size of the unit would be somewhere around $350-400 a <br />month. He did understand Mr. Brown's concern, but felt they are <br />in the same ballpark. They are trying to service the Gifford <br />community; Mr.'McGeary has told him that he intends to rent the <br />first phase and when they see how that goes, it will determine <br />how they proceed. He noted that it was possible that the rent <br />for a 3 bedroom unit could go up to $500 a month, but it all <br />depends on the marketing situation. <br />Commissioner Bird noted that we, of course, won't know <br />until we see the final results of the project, but if the project <br />is done along the guidelines indicated, it seems it will fulfill <br />a housing need in the community. He also liked the fact that it <br />is private enterprise and felt it will be an asset to the <br />community. <br />ON MOTION by Commissioner Bird, SECONDED by Com- <br />missioner Scurlock, the Board unanimously approved <br />Ordinance 89-13 rezoning the subject property south <br />of 49th Street, and approximately 2700' east of <br />58th Avenue, to RM -8 as requested by Estuary Devel- <br />opment Corporation. <br />Commissioner Eggert explained that she voted for the Motion <br />because she is willing to take a chance that it will be good for <br />the community. She will watch it very closely, and if it should <br />turn out that it isn't, it will not happen again. We do need <br />development in the community, and she would suggest that staff <br />sometime during the sumer revisit the Gifford SAP with the <br />residents. <br />20 <br />