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HomeMy WebLinkAbout1989 03-27 EDAP Regular Session EDA AGENDA CITY OF BROOKLYN CENTER MARCH 27, 1989 7 p.m. 1. Call to Order 2. Roll Call 3. Approval of Minutes: a. March 13, 1989 - Special Session 4. Discussion Items: a. Sale of Lot at 5345 Colfax Avenue North b. Development of R7 Property South of the Library 5. Adjournment MINUTES OF THE PROCEEDINGS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA SPECIAL SESSION MARCH 13, 1989 CALL TO ORDER The Brooklyn Center Economic Development Authority met in special session and was called to order by President Dean Nyquist at 9:07 p.m. ROLL CALL President Dean Nyquist, Commissioners Gene Lhotka, Celia Scott, Todd Paulson, and Jerry Pedlar. Also present were EDA Director Gerald Splinter, Finance Director Paul Holmlund, City Attorney Charlie LeFevere, and Administrative Aide Patti Page. APPROVAL OF MINUTES - FEBRUARY 13 1989 - SPECIAL SESSION There was a motion by Commissioner Lhotka and seconded by Commissioner Pedlar to approve the minutes of the February 13, 1989, Economic Development Authority meeting. The motion passed. Commissioner Scott abstained as she was not present at this meeting. RESOLUTION NO. 89 -06 Member Gene Lhotka introduced the following resolution and moved its adoption: RESOLUTION FOR FACSIMILE SIGNATURES The motion for the adoption of the foregoing resolution was duly seconded by member Celia Scott, and the motion passed unanimously. ADJOURNMENT There was a motion by Commissioner Scott and seconded by Commissioner Pedlar to adjourn the meeting. The motion passed unanimously. The Brooklyn Center Economic Development Authority adjourned at 9:09 p.m. President 3/13/89 _1_ CITY OF BROOKLYN CENTER Council Meeting Date 3/27/89 Agenda Item Number REQUEST FOR COUNCIL CONSIDERATION ITEM DESCRIPTION: Disposal of Property at 5345 Colfax Avenue North DEPT. APPROVAL: 0 D '"'-�EDA Coordinator Signature - title MANAGER'S REVIEW /RECOMMENDATION: E / COMMENDATION: No comments to supplement this report Comments below/attached o SUMMARY EXPLANATION: (supplemental sheets attached The EDA has concluded the acquisition and demolition of the home at 5345 Colfax Avenue North. At the present time, the EDA has approximately $23,000 into this project. You have indicated a desire to have some control over the structure to be built on this lot. I believe we can accomplish this in one of two ways. First, the lot could be sold with a minimum value on the building to be constructed or minimum square footage. The square footage approach would perhaps be the best. A second approach would be to require interested parties to submit proposed plans with their offer. It would allow you to see exactly what is to be built. Our concern with this approach is that the EDA could be accused of being arbitrary. Monday evening we will discuss these approaches in more detail. CITY OF BROOKLYN CENTER Council Meeting Date 3/27/89 Agenda Item Number 4 16 REQUEST FOR COUNCIL CONSIDERATION ITEM DESCRIPTION: R -7 Property *********************************************************** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** DEPT. APPROVAL: EDA Coordinator Signature - title MANAGER'S REVIEW /RECOMMENDATION: No comments to supplement this report Comments below /attached SUMMARY EXPLANATION: su lemental sheets ( pp attached X The property immediately south of the Hennepin County library on Shingle Creek Parkway is one of the sites in Brooklyn Center previously acknowledged by the Council as a development site that would . probably need assistance because of its significant soil problems. The property is zoned R -7 (high rise, no height limit) and is approximately 14 acres in size. In theory, this site could accommodate an estimated 434 apartment units. LaNel Financial Group, Inc. has approached the EDA for assistance with the development of this site. As you will note from the information packet given to you about the group and their proposal, it is their intent to build a three (3) story apartment of approximately 125 units. Parking for the site would be half in the ground under the building. Their target group would be market rate and slightly higher. This developer has shown continued Interest in this site. I have had several discussions with them over the past year and they still have an interest in the site. I should note that I have met with numerous developers about this site and have not had any follow up from them. The intent of Monday evening's discussion is to get direction from the EDA as to our interest in pursuing this development. This will be a difficult property to develop. We do have a serious developer for the site in the LaNel Group. Given the location, one of our first concerns should be the quality and aesthetics of this development. Our involvement would help assure this aspect. The developer also owns other apartments in Brooklyn Center, including Chalet Court. Our involvement with this developer could help in correcting some of the problems at that complex. The advantages to the City in this project are a developer capable of doing the project. The City has increased control over the type and look of the building and possibly the ability to address other issues elsewhere. We also have a development now with fewer units than the site could support. On the down side,. we are looking at with fewer units than the site could support. While this is redundant, it is both beneficial and negative. More importantly, we have an agreement with Earle Brown Commons for a second building that can be either senior or straight market. In discussions with Al Beisner, he has indicated to me that he will be starting the next phase in two to three years. The EDA has a commitment there, and it does not make good business sense to bring both of these buildings or online so close to each other. i I think this is an opportunity for a good development on that site. Finding such developers in the future may not be all that easy. However, as I have indicated, 1 do not feel the timing of this project is appropriate. I have indicated to the developer that we would ask the EDA as to their interest in pursuing this project. I will be available Monday to discuss this issue. ,e LoNel LN 4 ` Financial Group, Inc. 4601 Excelsior Blvd., Suite 651 Minneapolis, MN 55416 (612) 920 -0400 March 8, 1989 Mr. Brad Hoffman HRA Coordinator City of Brooklyn Center 6301 Shingle Creek Parkway Brooklyn Center, MN 55430 Re: Shingle Creek Parkway Residential Site Dear Mr. Hoffman: You have asked that I summarize for you the development plans that we have for a multi - family housing site located on the west side of Shingle Creek Parkway at the intersection with John Martin Drive. As you are aware, this site presents some interesting development challenges, and to be properly developed as multi - family, must have some financial assistance from the City. Francis W. Lang and Gene Nelson, the owners of Lang - Nelson Associates, Inc. and LaNel Financial Group, Inc., are substantial multi - family owners and developers in the Twin Cities market place. We currently own over 3,300 units, and in the past five years, have developed a 400 unit project in Burnsville, a 73 unit pro - ject in New Hope, a 110 unit project in Coon Rapids and are cur- rently under construction with a 201 unit project in St. Anthony. Each of our development projects have involved various forms of corroboration with the local community, either by way of tax increment financing or housing development revenue bonds, or both. We are very familiar with the Brooklyn Center and Brooklyn Park market place and feel that we can develop a multi - family product on the Shingle Creek site that will compliment the excellent commercial development that has taken place in that area and, more importantly, be a successful quality rental property. r While the parcel of land we control is large, as you are aware, only a small portion of it is suitable for building. It is our intent to develop a 3 -story apartment building over a first level heated garage similar in design to a project we developed in Coon Rapids, known as Summit Oaks. The project would be high quality in construction and amenities with large one and two bedroom units taking advantage of the natural open space along Shingle Creek. We would intend to maximize the number of units that we could get on the buildable portion of the site, which should be in the neighborhood of 125. Our development profile consists of structuring a general or limited partnership that would serve as the owner of the property. LaNel Financial Group is responsible for arranging construction, end financing and building the project where upon Lang- Nelson Associates, Inc. would manage the property. I am enclosing a brochure on Lang - Nelson Associates, Inc. and a brochure on the Development Projects for your review and a Lang - Nelson "Master- Key ", which is an in -house monthly publication concerning our operations. We would like to meet with the City as soon as possible to discuss the availability of city assistance. Very truly yours, LANEL FINANCIAL GROUP, INC. Paul G. Brewer President PGB :mf Enclosure LANG-NELSON ASSOCIATES INCORPORATED PROFESSIONAL PROPERTY MANAGEMENT I l LANG - NELSON ASSOCIATES INC. CORPORATE PROFILE AND PROJECTS R a : 4601 Excelsior Boulevard, Suite 650, Minneapolis, Minnesota 55416 920 -0400 1 LANG- NELSON ASSOCIATES, INC. Lang - Nelson Associates, Inc., "Lan g - Nelson ", is a Minnesota corporation that was organized by Francis W. Lang and Eugene M. Nelson, in May of 1976. The company and several affiliated companies own, manage, market, syndicate and invest in real estate related ventures. Lang - Nelson currently operate 28 Multiple Residential and Commercial Properties with an estimated total value of more than $120,000,000. These properties are located in various cities and suburbs throughout the greater metro- politan area of Minneapolis and St. Paul. The character - istics of Lang - Nelson projects include well located, clean, nicely maintained buildings with rent levels generally set- ting the pace in their respective areas. Since their organization Lang - Nelson has owned and operated in excess of 5,500 Multiple Residential units as well as several Office Buildings and Office Warehouse prop- erties. All Lang - Nelson Properties are owned by General or Limited Partnerships formed by Lang - Nelson with Lang - Nelson as Managing General Partners or they are the sole owners of the Properties they are associated with. Lang - Nelson has raised in excess of $27,500,000 in equity since their organization for the acquisition of the many high quality projects they have been involved with. Several of their projects have been syndicated nationally with prominent syndicators and real estate securities dealers. Lang - Nelson maintains an on going property evaluation and analysis of all their properties to determine the need for re- financing, re- syndication, sale or restructuring of the ownership. All of these efforts are completed in light of achieving the highest possible return for their partners. Lang - Nelson and their affiliated companies employ over 65 highly trained and well qualified employees. The Principals and key Personnel of Lang - Nelson are: t Francis W. Lang Francis W. Lang is a resident of Edina, Minnesota, a suburb of Minneapolis. Mr. Lang is President of the corpo- ration. He has been managing and investing in real estate and apartment projects in the Twin Cities area for over 20 years. Mr. Lang is presently a general partner in real estate projects that total in excess of 3,000 apartment units. Mr. Lang is an accredited, Certified Apartment Manager. He is also a past President of the Minnesota Multi Housing Association (MHA), and is a member of its Board of Directors. Mr. Lang previously served as Chairman of the Legislative Committee and Chairman of the Minnesota Apart- ment Council. He has also served as a member of the Board of Directors of the National Apartment Association and is a Trustee for the MHA Carpenter Fund. Mr. Lang graduated from the College of St. Thomas (BBA) majoring in Accounting. Eugene Nelson Eugene Nelson is a resident of Bloomington, Minnesota, a suburb of Minneapolis. He is Executive Vice President of Lang - Nelson Associates. Mr. Nelson is an accredited, Certified Apartment Manager and has been a member of the Minnesota Multi Housing Association for the past 11 years. He is a general partner with Mr. Lang on the projects mentioned above. Mr. Nelson is responsible for overall apartment management and evaluation of physical operations for Lang - Nelson Associates, which consists of maintenance, special construction, etc. He attended the College of St. Thomas where he majored in Business Administration. Vernon W. Kucera Vernon W. Kucera is the Controller for Lang - Nelson. Mr. Kucera has the responsibility for the financial admin- istration of corporate and partnership activities. Prior to joining Lang - Nelson, Mr. Kucera was with Kraus- Anderson Realty for 15 years in various accounting, financial and management capacities. Mr. Kucera is a graduate of the University of Minnesota where he majored in accounting. Karen J. Walders Karen J. Walders is a Property Manager for Lang - Nelson. She is responsible for the day -to -day operations of apartment site management. Ms. Walders has 15 years of experience in the multi - family housing industry, is a graduate of the University of Minnesota and has been an active member of the Minnesota Multi- Housing Association for the past 7 years, serving as committee chairperson and instructor. Nancy Erickson Nancy Erickson is a Property Manager for Lang - Nelson. P Y She is responsible for the day -to -day operations of apart- ment site management. A former English teach, Nancy has 21 years experience in the housing industry. She has her Certified Apartment Manager (C.A.M.) designation and is working on her Certified Property Manager (C.P.M.) design- ation. Nancy is active in the Minnesota Apartment Association and has served on the Board of Directors and as Chairman of Orientation and Membership Committees. She has also taught classes for MHA. Cindy Cotcamp Cindy Cotcamp is a Property Manager for Lang - Nelson. She is responsible for the day -to -day operations of apartment site management, along with our commercial site management. Cindy has 9 years experience in both the multi- family -and commercial industries. She is a Certified Apartment Manager (C.A.M.) and a member of the Minnesota Multi Housing Association. She also holds a Minnesota real estate license. Charlene Dahler Charlene Dahler is a Property Manager for Lang - Nelson. She is responsible for the day -to -day operations of apart- ment site management. Charlene has several years experience both in the multi family house and commercial industry. Connie A. Cirkl Connie A. Cirkl is an in -house property manager for Lang - Nelson. She is responsible for the day -to -day oper- ations of apartment management and the training and edu- cation of maintenance personnel. Ms. Cirkl has 8 years of experience in the multi - family housing industry. Elaine Vollbrecht Elaine Vollbrecht is Property Management Coordinator for Lang - Nelson. Elaine is responsible for Resident Manager Training and Education. She has attended the University of Minnesota and has 5 years of experience in the multi - family housing industry. LaNel Financial Group, Inc. LaNel Financial Group, Inc., a division of Lang - Nelson, functions in the areas of acquisition, joint ventures, sales, financing and development. This division is headed by Paul Brewer. Mr. Brewer, prior to joining LaNel was general counsel of Edstrom Realty and President of Edstrom Management Corporation, an investor group active in the Minnesota and Florida markets. He graduated from the University of North Dakota and North Dakota Law School and practiced law in Winona, Minnesota before joining the Edstrom Companies. Joining Mr. Brewer is Gregory J. Bronk who is involved in the analysis of the various ventures. Mr. Bronk gradu- ated from the College of St. Thomas in 1970 with a Degree in Economics and Business. Mr. Bronk has experience in banking as well as the structuring of various real estate trans- actions, including bond transactions and conventional pro- jects. Mr. Bronk uses the computer extensively to evaluate each aspect of the transaction. LANG — NELSON ASSOCIATES, INC. PROJECTS SITE LOCATION # UNITS 1 New Hope 73 2 New Hope 252 3 South Minneapolis 29 4 New Hope 144 5 Brooklyn Center 36 6 Brooklyn Park 366 7 Fridley 53 8 South Minneapolis 23 9 Anoka 66 10 Minneapolis (Lakes) 182 11 South Minneapolis 30 12 South Minneapolis 24 13 Saint Paul 144 14 St. Louis Park 120 15 St. Louis Park 151 16 White Bear Lake 84 17 Brooklyn Center 276 18 Eagan 326 19 Minneapolis 34 20 Minneapolis 176 21 Burnsville 400 22 South Minneapolis 21 23 South Minneapolis 2 24 Coon Rapids 110 ( 25 Eden Prairie 120 l 26 St. Anthony 201 3,371 r COMMERCIAL PROJECTS NET RENTABLE OFFICE BUILDINGS SQUARE FEET Park Boulevard 22,722 7601 Wayzata Boulevard 5,640 OFFICE /WHSE. BUILDING 7075 -79 Amundson 17,575 RETAIL Broadway Village 5,800 Convenience Center i 9 ZI 4 ) l/ C OM . o R••hef 19 � . let Isr • . i y »•n n 6 . 1 r.J. b...• , GsrNf O .Il l.•r 17 Tr.. l..r WN/Tf sFw ' 1 Ist swoowarm m uwF�� c1mr, % •e 96 6 Mli.r d— r..•1 /w.� •i Slle.••res► Htli• \ lol ''tt 1 �` L 0 /9 ri.l�• 61 J 22 ' II 17 l rrgnlM 51 11 Nw . co ee r A�.ri. G+Te+•t `'- -- c LUMSrA 1'' W ° .. 1a im P s• . •v co • e M IV ,rwOVlw 1 /rJ•rr.r i ' � 1 ; 11 Ialt r r_i.lw J6 RostmtE AtwatE Z on c '.a; v Ill - o r l i s 1 Falk" 10 = D 7t7 lake E+ree 1 = Gold.- 1 MIN APOLIS 1 Mrs. u..r..rve `v a J.: ' o ' ^, 18 r.u.r J — --- - our•+. 13 'fl•O w•.Or• r :st.e _ 11 s, 19 ST. PAUL wwl wr• •v Of ME �' � Y � tx � � 1 11 •• . t� 1°w• � t •: i No fit. St. tOtlli� rr� • �e i / •wOy. Y 3 ARK • • l' 11 55 FOIAIA I ISO r pal serf/r awl• we •..°r �t�• _ __� ./• ewd • 95 ISO 0. pool IS 65 His. 61 ''r..�� RR �. 1 5 w...� me fl CAa.knsed Ede. ° 0 y 1] 3 7w.•. Gle.e •'!' - ' RICNFIE rerw sr !I• > LD M /•. ar•I M s , arf I•N 17 55 1 !1� ......� ...':. (� a tCJ U LOOM/NCTON •P J I.. 1 MINNEAPOLIS ST. PAUL is ^� r 1....+ 1 ` U •` f.� dtttestAt! rGwwk. ' �r� –�� 1 - 18 jCddl I�� �' s•..eO.. lot _ �� — •1 `s•% x•ac Of wts e 1 . 65 — Il Location Map -Q- j r _ - ...- .- .•-- _._., -_ �_. _..>... tee- `� - - �. _ *'riyJYY1r t i tl Summit Oaks Apartments f The Summit Oaks Apartments located at Reisling Blvd., just north of Coon Rapids Blvd., Coon 4 Rapids is a to -be built apartment project of 110 units. Construction commenced in October 1987. Initial occupancy is scheduled for July 1988. There are 57, one bedroom units of 850 square feet and 53, two bedroom units of 1,050 square feet. The project will be one building with 3 floors of living units above a first floor heated garage containing 126 stalls. All floors will be served with 2 elevator banks. Construction will be wood frame with brick exterior. There will also be 111 surface parking stalls. All units will include range, refrigerator, dishwasher, disposal and central air conditioning. The project will have an outdoor pool and community room with full kitchen for the residents, health club with exercise equipment, sauna, whirlpool, laundry facilities and an interior trash collection system. Some units will have fireplaces, private balconies and extended bay window living areas. The building will be fully secured with individual intercom service and closed circuit TV monitoring to the main lobby. Each unit will have direct access to emergency services. Park Pointe Apartments * Park Pointe Apartments is ideally located one block from Como Park and adjacent to Energy Park, a new develop- ment area consisting of I commercial, residential, and entertainment centers. The property has 56 one bedroom apartments that range from 607 \\ to 663 square feet. and 88 two ., bedroom apartments of 783 to 893 square feet. The amenities include: under- ~. ground heated garages, elevators, central air condition- ing, and an outdoor swimming _ pool. Conveniently located to both the University of = Minnesota and National -- College, Park Pointe attracts many college students and faculty as well as families and - young adults. Park Boulevard Building The Lang- Nelson Office Build- ing located at 4601 Excelsior Boulevard, St. Louis Park, r. -. Minnesota, is a very attractive building in the center of St. Louis Park. The building offers - x easy access to the major ,� •��,: freeways in the area. The property is just minutes from downtown Minneapolis. The ' building structure is 5 stories above an underground heated garage. The upper floors offer attractive views of the surround- im ing area. The building contains _ 22,300 square feet of rentable area. One of the tenants offers secretarial service. 4 Thomasville Apartments Located in White Bear Lake, I Thomasville offers unique one T and two bedroom apartment homes. Each residential build- , ing has only 12 apartment homes, allowing each individual home to be placed in MEW a corner. This feature compli- ments the separate dining area with a window and allows for ` cross ventilation in a corner bedroom. The Thomasville is located just a blocks from either Birch Lake or White Bear Lake. The 3 -1/2 - i acres of grounds features an outdoor pool, play area and ample off- street parking. �- i :S aT Cedarbrooke ,� �, ,t• Apartments Cedarbrooke's 144 one and two bedroom apartment homes are conveniently located in Brook - i lyn Park just minutes from r •r elementary schools, public 4 - parks, major shopping and just minutes from downtown Minneapolis. -`' - Individual apartment homes�. feature dishwashers, garbage disposals, gas grill on each patio or balcony, air condition- ing, central t.v. antenna, and large storage room. Each apart- "'► = .:r ment is also cable ready. Cedarbrooke apartments have s a newly redecorated indoor i_ pool, party room and sauna. A . s -; "�" `x a •s { `� z� K,„,; r. one car garage is included in e price of the rent. l ' Franklin Lane Golden Apartments Located in the center of the city of Anoka, Anoka County,_ Minnesota is the 66 unit senior �I only apartment project. Franklin I Lane is a FHA section 236 hous- ing project. The building is 4 story, concrete block with concrete and stucco exterior with a full basement and con- sists of 56 one bedroom units _ and 10 two bedroom units. Twin Lake North Apartments i Twin Lake North is an award - winning and well established apartment residence for adults. Ideally located on Twin Lake in Brooklyn Center, Twin Lake +eMS e9�' 4 4 .. l __ � � North is near public transporta- tion and just blocks from Brookdale Shopping Center. At 810 square feet, 920 square; z feet and 1,065 square feet, 1 and 2 bedroom apartment �� f f homes are extra large. The apartment homes are uniquely designed with only two apart- { ment entrances on each floor. Each building offers attached garages and each apartment home has either a corner or front and rear window exposure for maximum light and ventilation. L The clubhouse features indoor year round swimming, saunas, billiards, fireplace lounge, guest suites for out of town visitors. The grounds are beautifully x� landscaped with lakeside walk- ing paths, duck ponds, tennis court, barbeque and picnic areas and an adjacent wildlife preserve. The Parkwood tax, 0 The Parkwood is conveniently located right off Highway 100. The Parkwood has 151 one and two bedroom apartments. The apartments have central air conditioning, private balcony, r and 9 enerous closet space. The property features an out - door swimming pool, private court yard, laundry facilities and _ SA "'' storage lockers.. .-, �<��;.� --- - -fir. t -.� _ �' _��� �•'.,. l Cherokee Village Cherokee Village, located in Brooklyn Park, has 365 one, . two, and three bedroom apart- ment homes'. Convenience compliments Cherokee Village's location on two metro bus lines, nearby major shop- ping centers, offering easy ac- cess to downtown and suburbs and minutes from churches and elementary schools. Each apartment home features ( fully equipped kitchens, individually controlled air conditioning, private patio or balconies and large closets. Each residential building features laundry rooms on each floor, inside storage rooms, controlled entry systems, indoor pool, women's and men's sauna, community room, parry room, and game room. Cherokee Village's grounds feature beautiful tree line landscaping, unattached garages, outdoor pool, picnic _ area, and children's play area. i The Anthony James t Apartments The Anthony James Apart- ments located at 6100 West Broadway, New Hope, Minnesota, is a 73 unit apart- ment project that began construction in the summer of - 1986. This project is available exclusively for 55 and older tenants. Some of the project t amenities include; an exercise C room, whirlpool, sunning deck, large community room with kitchen facilities. Each apart- ment has a private balcony with • 3 season glass enclosure. Underground parking is available for 60 cars. Woodhaven Conveniently located at the main junction of three major freeway systems, the Wood- ( haven Apartment Homes , provides easy access to shop- - -.- 1 ping and businesses alike. Complete with a full -size swim- ming pool, two saunas and exercise rooms, this apartment community caters to residents of all ages with its security system, heated underground garage, elevators and two large courtyards equipped for suntan- ning and barbequeing. The apartment homes range in size from studio to two bedroom units. The studio — at 442 square feet, the small one bedroom at 678 square feet — the larger one bedroom at 696 square feet — and the spacious :n•y' - -- 1050 square foot two - a-, bedrooms. The Woodhaven Apartment Homes are newly - L decorated and have a caring, professional team to tend to their residents needs. 1 Chalet Court - Newly remodeled Chalet Court is located in Brooklyn Center, a quick drive connecting resi- dents to major freeways in the T , Minneapolis area. Balconies, extra storage areas and a court- yard add to the features of this community. The 34 -two i bedroom apartments range in size from 835 square feet to - `,dlet Cgllrt 859 square feet. The 2 -three bedroom apartments are a spacious 1249 square feet. This security building is close to parks with bike and exercise trails to enjoy. A recent addition to the landscape a three a e s e par e p p golf course by the City of j Brooklyn Center, easily i accessed by crossing the footbridge from Chalet Court. I The Woods of Burnsville The Woods of Burnsville located at the southeast corner of Portland Avenue and County Road 42 in Burnsville, (. Minnesota, is a 400 unit Multi - Family project. The project was completed in _ 1986. There are efficiencies, one, two and three bedroom units available ranging in size from 520 square feet on the -+ efficiencies to 1,180 square feet for the 3 bedroom units. Some of the project amenities include outdoor swimming pool, two tennis courts, sauna, and children's playground. Each apartment has a private balcony and underground parking stall. 1 �• t 3► Y n i r- y I j View Pointe Ideally located on the bluffs of Eagan, View Pointe Apartments offer excellent access to both Minneapolis and St. Paul. View Pointe Apartments are just minutes from 35E and 35W. Situated directly on the busline to both Minneapolis and St. Paul, View Pointe is convenient to i the Burnsville Shopping Mall and the Cedarvale Shopping Center. The district 191 school bus stops within the apartment community. Studio,1 bedroom and 2 bedroom apartments at 360 square feet, 677 square feet, 866 square feet and 907 square feet offer dishwashers, garbage disposals, air conditioning and are fully f carpeted and cable ready. Each apartment home is inclusive of one unattached garage stall. Year round swimming is available in the indoor pool and sauna center as well as summer I enjoyment in the outdoor pool and children's playground facilities. View Pointe Apartments is located only two blocks from a beautiful public park. i I T'� U i gi BROADMY VUDGE Broadway Village Apartments Located six blocks north of Bass Lake Road at 60th and W. Broadway, Broadway Village Apartment Homes are designed for carefree adult living. The ideal location offers easy access to interstate 94 or highways 100 and 169. Adjacent to its own convenience center offering a dairy store, meat market, barber shop and beauty shop, Broadway Village is also just minutes _ from major shopping at Brookdale Mall or downtown Minneapolis. Broadway Village and 252 apartment homes are comprised of 1 bedroom homes at 875 square feet and 2 bedroom with 1000 square feet. Individual apartment homes feature all electric appliances, dishwasher, disposal, stove, refrigerator, and air conditioner. Each residential building offers controlled access, quality sound proofing and laundry, and storage facilities on each floor. For the resident's recreation, Broadway Village offers a spa building including indoor pool, sauna, exercise room, whirlpool, and party room. Summer can also be enjoyed on the expertly manicured grounds, picnic areas, around the two outdoor pools and tennis courts. 1 Y { 1 I I ,ifasM.r 'f PSI Lakewood Isles Apartments i Lakewood Isles Apartments lies on the west central border of the City of Minneapolis. The apartment building contains a total of 182 apartment units. These consist of 43 studio and tri -space units and efficiency units. There are 22 efficiency units having a gross floor area of 400 square feet ,_there are 21 studio and tri -space units, each having a gross floor area of 445 square feet. There are 102 one - bedroom units, each having a gross floor area of 687 square feet, 29 two- bedroom units, each having a gross area of 928 square feet. There are 8 three- bedroom units, each having a gross floor area of 1,335 square feet. The apartment building has two courtyards which are well landscaped. There is an indoor pool, which takes up the first two floors, and a sundeck on the third floor. In the same area as the pool is a party room, which has a combination carpeted floor and a wood parquet floor for dancing. There is also a wet bar and a range and refrigerator in this room. LaNel LN Financial Group, Inc. 4601 Excelsior Blvd., Suite 651 Minneapolis, MN 55416 (612) 920 -0400 f f E LANEL FINANCIAL GROUP, INC. DEVELOPMENT PROJECTS f t LANG - NELSON DEVELOPED PROPERTIES Z r awe\ IV�"r% 1 u • 17 ""' : _ r• 1 �•N i � 3M.N al �� � ' 7 / � i � •w...w� . O ••� ��� Q I/Iw .�L.w.rl n • ] O�« Sl 10 .a—•.+ lE \ 100 CDtf/�N2 I ( 1 x 1 `I 1 �;K a Iw +•w.•,•iw 1 1.�•.w�r ^ ; g : 1 ' : r j, �i • ��wKl,""�o L �Mi / J +IOSlIw[L[ a i � ° r i :�l �.� �w� L•.. Ff. MIN £.tpou � wv.i w•+ ►..u. �•+ �:L —.- �--� °,� Ouwr , ...u.. y 1•i A �1 pAUL t9 7 ..�....... m 12 �1 \ "� .. '` — •.emu .. / i 7Nt ..,.so. - 55 \ t • �.••• s o.. 1 +� tTOwrr. - rOV.L 1 .o ,•1i .��.v �I If •f 101 2 wrr ' 71 A, 5 // y ® i ► ilrM�r� s .1 I 7 3 lDswti � 1 rr 1 � f, , ►wr JAI O W ...�� IT � r <� �? 'ate •- r�� 1 ' MINNEAPOL 0 7? j SM PAUL wra a ,.ats 1 Location Map 1. The Woods of Burnsville - 400 Units 2. The Anthony James - New Hope - 73 Units 3. Summit Oaks - Coon Rapids - 110 Units 4. Autumnwood - St. Anthony - 201 Units I PRIOR DEVZL0PME:ITS I. The Woods of Burnsville The Woods of Burnsville located at the south east cor::er of Portland and Ave and Co Rd 42 in Burrsvil le, Minnesota, is a 400 unit Muli- ?amily project that began construction in July 1983 and was completed in late 1985. The unit breakdown as follows UNIT TYPE � OF UNITS SQ 7-T/ UNIT Eff�cienc =es - 10 - -- - - 520 -720 1 BEDR.M 156 773 2 BEDRM 198 1,077 3 BEDRM 36 1,180 Some of the project amenities include outdoor swimming pool, 2 tennis courts, sauna, and children's playground. Each apartment has a private balcony and underground parking stall. The project has i 4 buildings and each building has its own private j community room with full kitchen. y The project architect was BWBR of St. Paul. The general contractor for the project was the operating partnership and Construction Management was provided by Franklin Construction. Lang - Nelson Associates monitored the project on a daily basis during const: action and currently are the property manager. The Woods of Burnsville was financed with an Industrial Revenue Bond of S25,800,000-00. The bonds were placed by Goldman Sachs & Co. and Dean Witter Reynolds. The project equity was arranged through Winthrop Financial which raised more than $6,000,000 in public equity. i NEW ISSUE In the opinion of Bond Counsel (relying upon the opinion of Special Tax Counsel to the eject that the Bonds are not "arbitrage bonds under existing lams, regulations, rulings and decisions, the interest to be paid on the Bonds is not includible in the gross income of the recipient for federal ar.tfinnesota income tax purposes (other than Minnesota corporate and bank excise taxes measured by income), except to the extent that such recipient is a `substantial user' of the facilities financed with the proceeds of the Bonds, or a 'related person." within the meaning of Section 103(b)(13) of the Internal Revenue Code of 1954, as amended. $25,800,000 City of Burnsville, Minnesota Collateralized Multifamily Housing Revenue Bonds (Burnsville Apartments Limited Partnership) Dated: April 1, 1983 Due: April 1, as shown below The Bonds are issuable only in the form of fully registered bonds in the denomination of $5,000 or any integral multiple thereof. Principal is payable upon presentation of the Bond at the principal office of First National Bank of Minneapolis, Minneapolis, Minnesota, Trustee. Semiannual interest ( April I and October 1, first interest payment on October 1, 1983) is payable by check or draft mailed by the Trustee to the registered address of the Bondholder. The Bonds are redeemable prior to maturity as more fully described herein. The Bonds are special limited obligations of the City of Burnsville payable solely from payments to be made by Twin City Federal Savings and Loan Association, :Minneapolis, Minnesota. under a Loan Agreement with the f City, including amounts derived from the exercise of rights with respect to certain collateral pledged by 1 such Association to secure the repayment of such Loan. money in the funds and accounts held by the Trustee, and income from the investment of such revenues and money. The Bonds do not constitute a debt of the State of Minnesota. Dakota County or the City within the meanin of any constitu. tional or statutory provisions and neither the faith and credit nor the taxing power of the State of Minnesota. Dakota County or the City is pledged to the payment of the Bonds. Inc Interest met Maturity Amount Rate Price MaturitT Axomm Rate Prior 1988 $195.000 6Y4% 100% 1991 S 245.000 7% 1009 1989 210,000 T/. 100 1992 265.000 8 100 1990 225,000 7% 100 1993 24,660,000 8% 100 ( Accrued interest to be added) The Bonds are offered when, as and if issued and received by the Underwriters, subject to the opinion of Dorsey & Whitney, .Minneapolis, Minnesota, Bond Counsel, as to validity and tax exemption, and the opinion of Dewey, Ballantine, Bushby, Palmer & Wood, .Vew York, Nev: York, Special Tax Counsel, to the effect that the Bonds are not 'arbitrage bonds'. Certain legal matters will be passed upon f or the Underwriters by their counsel, Brown, Wood, Ivey, .Mitchell & Petty, New York, .Veer York. It is expected that the Bonds Will be delivered in definitive form in New York. New York, on or about .Clay -t, 1983. Goldman, Sachs & Co. Dean Witter Reynolds Inc. April 18, 1983 Z.. Th An t_':ony James Apa- --rents The Art!:onv .;antes Apa_ -­=encs located at 6100 West groadway, New Hope, ` _ -_ eso =a, is a 73 u. ^mot apa_ —tent project that began cons � �c �:on t!Ie si..^. =e_= od 1n itial cccupanc.J began December 1986. The unit breakdown as follows U:7I':'S S0 ='^/ UN. = BZMIMM 18 780 2 3. -.^.RM 55 1, 150 This project is available exclusively for 55 and older tenants. Some of the project ameriities exercise room, wrur l poo 1, sur =ing deck, large com=unity room with kite: ter. facilities. Each apa_ -went has a p= --sate balcony with 3 season glass enclosure. Underground parking is available for 60 cars_ The project ara — tect was Pope and Assoc =.ates of St. Paul. The general con = actor for the project was the operating pa_-- _sersh_ p and Cons : sc+.ion Management was provided by : rankli.: Cars :ruc`_ on_ Lang - Nelson Associates mon.tored the proj on a daily basis duri. ^g construct4.on and cu- --en:,1y are the property manager. The Anthony James Apa- -rents was f!nanced with an Indus = ial Revenue Bond of $3,350,000.00. The bonds were placed by Juran SL Moody, Inc_ The project equity r was a- -anged t:.rough Lang- Nelson Associates. i i .IgW ISSUE sand decisions. the Bonds bear In the opinion of Dorsey & Whitney, according to present Minnesota and Federal laws. regulations, under the caption "TA<Y j aerest exempt from Minnesota and Federal income taxation except under certain conditions, as explained net income. E,YEMPT10N" herein, and except for : Minnesota excise taxes imposed upon corporations and banks and measured by $3,350,000 City of New Hope, Minnesota Multifamily Housing Revenue Bonds (Broadway Label Project) Series 1985 Due: April 1, as shown below Issued: December 30, 1985 *Purchase Date: April 1. 1996 Remarketing Date: April 3. 1986 MATUTUTY SCHEDULE $3.350,000 Serial Bonds Maturity Interest Maturity Interest Amount Rate (April 1) Amount Rate (April 1) c� 25. 200p• 8 000 9.50% 1990 810.000 7.iD.0 2001• 30,000 9.50 1991 10.000 8� 2002' 35.000 9.50 1992 1 J•� 35,00Q 9.50 1993 15.000 8.50 2003' 000 9.50 1994 15,000 8'7J 2004' 45.000 9.50 1995 15.000 9.00 _005' 9.50 9 2006' 50.000 9.50 1996 20.000 2007' 50.000 F 1997' 20,000 9.50 1998' 25.000 9.50 2008' 2870,000 9.50 , 1999' 25,E 9.50 Price 100% i (Plus accrued interest from April 3, 1986) g E The Bonds have been issued pursuant to and are equally and ratably secured by an Indenture of Trust dated as of December 1, 19 i I I ( "Indenture "), between the City of New Hope, Minnesota (the "Issuer "), and First Trust Company, Inc.. as Trustee ("Trustee - THE BONDS ARE SUBJECT TO PURCHASE By THE TRUSTEE ON BEHALF OF THE PARTNERSHIP ON APRIL 1, 1996 (THE "PURCHASE DATE ") AT A PRICE EQUAL. TO THEIR PRINCIPAL AMOUNT; HOWEVER. BY WRITTEN NOTICE FIFTEENTH RECEIVED BY THE TRUSTEE NOT LATER THAN THE ENTH (15th) DAY OF THE MONTH PRECEDING THE PURCHASE DATE, ?�L`1 OWNERSHIP OF HIS BONDS UNT"iI. THE MATURITY DATE THEREOF OR THE EARLIER ACCELERATION OR REDEMPTION OF THE BONDS. SEE 'THE BONDS — A BONDHOLDER WILL HAVE THE OPTION TO RET MATURI OF THE BONDS ON PUR D AT.." ONLY THOSE HOLDER WH O AF FULMATn ELY ELECT TO RET OF THEIR BONDS IN HEREOF FRO D C R SU URCHASE DATE EXCEPT AS OTHERWISE NOTED F RECEIVE INTEREST HEREIN, THIS OFFICIAL STATEMENT ONLY CONTAINS INFORMATION WITH RESPECT TO THE BONDS APPLICABLE T THE PERIOD FOLLOWING THE REMARKETING DATE SPECIFIED ABOVE A.YD PRIOR TO THE PURCHASE DATE (APRIL 1, 1996 wers. Except to the extent payable The Bonds are not a general obligation of the Issuer or a charge against its general credit or taung power from Bond proceeds or from proceeds from the disposition of the mortgaged property herein described. the Bonds are payable from and secured by a pledge herein described of payments to be received by the Issuer pursuant to a Loan Agreement with Broadway LaNel, a Limited Partnership, a Minnesota limited partnership (the "Partnership ")• he table above from April 3, 1986 to April I. 1996. Thereafter, the rates of The Bonds shall bear interest at me interest rates set forth in t interest on the Bonds shall be adjusted as set forth in the Indenture- The Bonds have been issued as fully registered bonds without coupons in the denomination of 55,000 or any whole multiple thereof of of the Trustee, single maturities. The Bonds are payable as to interest (April 1 and October 1, commencing October 1. c ose of business o he fifteenth day ( Paying Agent, mailed to the registered owners thereof as rig each Payment Date. Principal of and premium. if any, on the Bonds (whether or not a business day) of the calendar month preceding will be payable upon presentation and surrender at the principal corporate trust office of the Trustee. as Paying Agent. The Bonds are subject to redemption and prepayment upon the terms and conditions described under "THE BONDS." Purchase of the Bonds involves certain risks including, among others, those described under "CERTAIN INVESTNf NT CONSIDERATIONS." p with The exemption of interest on the Bonds from Federal income taxation is dependent upon continuing thereuader�The by Dee Running and Cov pants the provisions of Section 103(b)(4)(A) of the Internal Revenue Code and Treasury Regulations e with the requirements of Section Running With The Land (the "Deed ") contains covenants which run with the land requiring 103(b)(4)(A) of the Code: however, if the Partnership fails to comply with such covenants, enf compuher orcement remedies available to the Issuer, the Trustee and /or the Bondholders may be inadequate to prevent the loss of tax- exemption of interest on the Bonds retroactive to the date of issue of the Bonds. See "THE DEED" and "TAX EXF_%4 TION" herein. a cce p ted by Juran &Moody. The Bonds were issued on December 30, 1985. The Bonds are offered subject to prior sale, when, as and if aicce Minnesota. Inc. (the "Remarketing Agent"), subject to an opinion as to validity and certain other matters by Dorsey & Whitney, Min neapolis. bond counsel, the approval of certain matters by Winthrop & Weinstine, counsel to the Remarketing Agent, and certain other conditions. as of the Bonds will be made in Minneapolis. Minnesota, on or about April 3, 1986, against It b expected that the remarketing and redelivery payment therefor. The Remarketing Agent intends to engage in secondary market trading in the Bonds subject to applicable securities laws. However, e any of the Bonds at the request of any holder thereof. For information with respect to the Remarketing Agent is not obligated to repurchase Remarketing Agent, see "REMARE=NG" herein. ' E JURAN & MOODY, INC. lse INVESTMENT SECUF SINCE 1939 The Date of this Official Statement is March 27, 1986 III. Summit Oaks Apartments The Summit Oaks Apartments located a 1' t Reis ling Boulevard, just north of Coon Rapids Boulevard, Coon Rapids is an apartment project of 110 units. Construction commenced in October, 1987. Initial renting began in July, 1988. The unit break — down is as follows: Unit Type Of Units Sq. Ft. /Unit 1 Bedroom 57 850 2 Bedroom 53 1 The project is one building with three floors of living units above a first floor heated garage containing 126 stalls. All floors are served with 2 elevator banks. Construction is wood frame with brick exterior. There are also 111 surface parking stalls. All units include range, refrigerator, dishwasher, disposal, wall air conditioner. The project has an outdoor pool and a community room with full kitchen for the residents, health club with exercise equipment, sauna, whirlpool, laundry facilities and an interior trash collection system. Some units have fireplaces, private balconies and extended bay window Living areas. The building is fully secured with individual intercom service and closed circuit TV monitoring to the main lobby. The project architect was Pope and Associates of St. Paul. A fixed price bonded contract was negotiated with Frana and Sons, as general contractor for the project. The Summit Oaks Apartments is financed with a mortgage with Metropolitan Life Insurance Company. The Partnership raised equity of $1,300,00 through a Private Placement Syndication. The City of Coon Rapids provided a TIF for the project in the amount of $520,000. Total project development costs will approximate $6,520,000. i All of these securities having been sold, this announcement is a matter of record only. t "nt .1 S m OAS A Limited Partnership A Minnesota Limited Partnership $1,300,000 i Summit Oaks is a 110 unit multi - family apartment project located in Coon Rapids, Minnesota. The above securities were rivatel laced • P Y P by: MILLER & SCHROEDER FINANCIAL, INC. 7900 Xerxes Avenue South, Suite 2300 Minneapolis, Minnesota 55431 (612) 8311500 The Project was developed by: LANEL FINANCIAL GROUP, INC. and is managed by: LANG- NELSON ASSOCIATES, INC. 4601 Excelsior Boulevard, Suite 650 Minneapolis, Minnesota 55416 (612) 920 -0400 August 1988 IV. Autumnwood of St. Anthony The Autumnwood of St. Anthony apartments and villas are being constructed on the former site of a small shopping center between Kenzie Boulevard and Highway 88 in St. Anthony. The Project will consist of 201 apartment units ,located in three buildings. Each building will be three stories of apartment units over an underground parking garage. All buildings will be wood frame construction with exterior brick, except for accent areas around balconies and extended living rooms. One building will be a 77 unit structure with construction commencing in February of 1989 followed by a 50 unit building and a 74 unit building. Each building will provide at least one underground parking space per apartment with the garage level to be constructed with a pre -cast ceiling. Units will have either a balcony area or an extended living room. The roof of the buildings will be a hip type with asphalt shingles. Each unit will have its own individual heating and cooling unit. The buildings will be serviced by elevators and will have a full security system. An internal trash collection system will be provided in each building to eliminate exterior dump - sters. Community rooms will be located in each building and laundry facilities will be located on each floor. There will be an exterior swimming pool on the site. The project will be heavily landscaped, accenting the entrance from Kenzie. I The first building of 50 units will be marketed to tenants age 55 and older, as will 50 units in one of the other buildings. Unit sizes will range from 1- bedroom units of approximately 800 square feet to 2- bedroom units of 1,050 square feet. There will be some larger units due to the configuration of the buildings. The City of St. Anthony used Tax Increment Funds to purchase the existing shopping center so that the land could be pur- chased by the developer at market rate. Housing Development Revenue Bonds in the amount of $10,750,000, guaranteed by a Norwest Bank Letter of Credit were sold to finance the project with equity funds provided by the Developer. vEW ISSUE STANDARD & POOR'S RATING: At• In the opinion of Dorsey & Whitney, Bond Counsel, under existing law, as of their date of original issuance, interest on the Bonds is not includable in gross income for federal income tax purposes or in taxable net income of individuals, estates or trusts for Minnesota income tax purposes (except for any period during which the Bonds are owned by a person who, within the meaning of Section 147(a) of the Internal Revenue Code of 1986, as amended, is a substantial user of the facilities with respect to which the proceeds of the Bonds were used or a related person), pursuant to the exemption provided in Section 103(b)(4)(A) of the Internal Revenue Code of 1954, as amended, as in effect prior to the adoption of the Tax Reform Act of 1986. Interest on the Bonds is includable in taxable income of corporations and financial institutions for purposes of the Minnesota franchise tax. Interest on the Bonds is not an item of tax preference includable in alternative minimum taxable income for purposes of the federal alternative minimum tax applicable to all taxpayers or the Minnesota alternative minimum tax applicable to individuals, estates, and trusts. $10,750 CITY OF ST. ANTHONY, MINNESOTA Housing Development Revenue Bonds (St. Anthony LaNel Project) Series 1988 Dated: September 1, 1988 Due: September 1, as shown below Mandatory Purchase Date: September 1, 1995 The Bonds will not be general obligations and will not be a charge against the general credit or taxing power of the City (if St. Anthony, Minnesota (the "City "), but will be special obligations of the City payable solely from and secured by the Letter of Credit described below and a pledge of loan repayments required to be made pursuant to a Loan Agreement dated as of September 1, 1988, between the City and St. Anthony LaNel, a Minnesota general partnership (the "Partnership "). The Bonds will be issued pursuant to and will be ratably secured by an Indenture of Trust dated as of September 1, 1988, between the City and American National Bank and Treat Company, St. Paul, Minnesota, as Trustee. The Bonds will be further secured by an Irrevocable Letter of Credit (the "Letter of Credit") to be dated as of September 1, 1988, and to be issued to the Trustee for the account of the Partnership by NORWEST BANS MINNESOTA, NATIONAL ASSOCIATION The Bonds will be issuable as fully registered bonds in the denomination of $5,000 each and integral multiples thereof Interest will be payable commencing March 1, 1989 and each September 1 and March 1 thereafter by check or draft mailed to the registered owners. Principal will be payable at American National Bank and Trust Company, St. Paul. Minnesota, or its successor, as Trustee, Paying Agent and Bond Registrar. MATURITY SCHEDULE Maturity Principal Interest Maturity Principal Interest (September 1) Amount Rate (September 1) Amount Rate 1992 $110,000 6.40% 1994 $125,000 6.80% 1993 115,000 6.60 $10,400,000 7.00% Term Bonds Maturing September 1, 2008 Subject to mandatory purchase on September 1, 1985 Price: 100 % (Plus accrued interest) The Bonds are subject to optional and mandatory redemption prior to maturity as described herein under "THE BONDS — Redemption of Bonds ". Notwithstanding any provision herein or in the Bonds to the contrary, including the stated maturities of the Bonds, all owners of Bonds then outstanding are required under the Indenture, unless such Bonds are to be redeemed, to tender such Bonds to the Trustee for mandatory purchase by or on behalf of the Partnership on September 1, 1995 (the "Mandatory Purchase Date "). Proceeds of the Letter of Credit are required to be used to make payment of the purchase or redemption Price on the Mandatory Purchase Date. On the Mandatory Purchase Date, unless the outstanding Bonds are to be redeemed the outstanding Bonds are to be remarketed as provided in the Indenture and the Remarketing Agreement between the Partnership and Norwest Investment Services, Inc., as Remarketing Agent. Owners of the Bonds have, under certain cimrmstances described herein, an option to retain their Bonds subsequent to the Mandatory Purchase Date, subject to rate adjustment on the Mandatory Purchase Date. Notwithstanding any other provision hereof, this Official Statement contains lutormation with respect to the Term Bonds maturing on September 1, 2008 only for the period from the date of issuance thereof to the Mandatory Purchase Date. The Bonds are being offered subject to prior sale and withdrawal of such offer without notice, when, as and if issued by the City of St. Anthony, Minnesota, and accepted by Norwest Investment Services, Inc., as Underwriter, subject to an opinion as to validity and certain other matters to be rendered by Dorsey & Whitney, Minneapolis, Minnesota, as Bond Counsel. and certain other conditions (see "LEGAL OPINIONS" and "UNDERWRITING" herein). It is expected that the Bonds in definitive form will be available for delivery on or about September 20, 1988, in Minneapolis, Minnesota, against payment therefor. NA 11 // /1I 1MORWEST INVESTMENT /II /1 SERVICES II NI/ 'For an explanation of the rating, See "Rating" herein_ The date of this Official Statement is September 13. 1988. • PUSUCAMN Of LANC- NELSON LN" �tfOCW71+ COOMNAIW �" 170RSSIOMy 1708177 M•rrCjJM{F7' x•01 [r1•s .��ra Y� •10 a • r . March 1, 1989 IPA�ri211 CIV-5 - z s OF= logo � - ;� t ��. Iyu w .� t �` V tiv When your dreams have failed you — Dream again ... When you think you're beaten — Dream again... Failure cannot break your heart — Life's a game, so play your part — Dare to make another start 'Z .» Dream again.- Next time you'll be stronger— wiser, too •� Think of all the things you meant to do — Keep the glo- ry of the goal in view— and dream again.- Do not heed r the world, Its taunts and jeers — Lift your eyes and face the coming years — All great things are f bought with human tears —so dream again. PATIENCE STRONG 4�� • �. � NG Rcad I MqN W, F a adit I "TeQ TH E P40' "ENTHUSIASM" "What is enthusiasm "? It is something that turns an average person into an outstanding individual. It makes an old person young and without it a young person becomes old. It is a hidden spring of endless energy. It is that beautiful force that carries us from mediocrity to excellence. Sparkle and the personality brightens with joy. It is that spiritual magnet that attracts helpful 'and happy people to become our friends. It is that joyful emotional fountain that bubbles up, attracting persons to come to our side and drink from the joy that rises out of o heart eart The best way to illustrate this is through a story that I will always carry in my heart. A mother (who had traveled the world over) and her son were on a ferry boat crossing from New Jersey to New York City on a foggy night. The mother exclaimed "Isn't this thrilling!" (to him there was nothing thrilling or particularly beautiful about fog seen from a ferry boat). "What is thrilling ?" the son asked. "Why ", she said, "The fog, the lights, the other ferry boats we just passed! Look at the mysterious way its lights fade into the midst." The son stared at his mother thinking that he felt nothing about the ride except that he was in a hurry to get across the river. The mother looked at her son and said "I have given you advice all of your life. Some of it you have taken and some of it you haven't. But here is some I want you to take: MAKE UP YOUR MIND, RIGHT NOW, THAT THE WORLD IS A THRILL WITH BEAUTY AND EXCITEMENT. KEEP YOURSELF SENSITIZED TO IT. LOVE THE WORLD, ITS BEAUTY AND ITS PEOPLE. ANYBODY TRYING CONSISTENTLY TO FOLLOW THAT SIMPLE COURSE WILL BE BLESSED WITH ABUNDANT ENTHUSIASM AND HAVE A LIFE FULL OF JOY. This story can probably be related to each and every one of us. We get s000000000000000 busy with our life with the daily task of just existing that we forget the little things in the world that can make our life alive and exciting. People say "What can I do, I haven't got enthusiasm. You just can't go out and buy it in a store, you either have it or you don't. I haven't so that's it, I guess." YOU'RE WRONG!! The following is an outline of several steps that you can apply to become an enthusiastic person: 1. Act sensitized to the thrill of living 2. Hold the image of an enthusiastic you in your mind. 3. Act as if you had enthusiasm. 4. Start every morning with enthusastic thoughts. 5. Love life and people. Enthusiasm is a primary requisite for success. Do you want to be successful in your life? Believe in yourself, believe that you can be better than you think ou are and remember ember if you think you can, you can. Bring genuine enthusiasm to your life style - - -- for enthusiasm always makes the difference. by Charlene Dahler, Property Manager Lang - Nelson is promoting an intense, company -wide effort to involve our residents in crime prevention in our apartment communities. Why? Because the residents of a community are its most effective crime prevention tool. The f,ollcwirlg article, r reel i ±r'd f ff t e R i 1 ( - 1± ' i ?ht-.�,v.L,; 1 �rri � _ 1 h �.r- ;c,�_. « ..eT .er �Ie _ - - - �,�� - t ` '1!t_' i ;(lrar_ t r • +_ quality of life. - National + in partnership The Success of Community Crime with the Prevention • Bureau of Crime Prevention Council Justice Assistance Crime prevention works, and it works because The criminal justice system has acknowledged of a two -track approach - reducing opportu- the need for citizen involvement. William Web - nities for crime and building neighborhood and ster, former Director of the Federal Bureau of community cohesion. Investigation, stated, 'If we are to succeed in making some impact on crime, then the Ameri- it recognizes the need to reduce criminals' can public must join hands with the criminal opportunities to commit crime, through techni- justice community and focus attention on this ques such as block watch, target hardening or social ill.' more careful behavior. An array of evaluations provides evidence that reducing opportunities Success and the Future for crime reduces crime, lessens the fear of Crime Prevention - from locks to jobs, from crime, and builds stronger neighborhoods, porchlights to hotlines, from cleaning up a among other benefits. Other evaluations had neighborhood to tearing down deserted build- studies focus on how interwoven crime preven- ings - works. It prevents crime and curbs fear. tion is with stability and quality-of -life issues in It makes eo le feel safer and more comforta- P P our communities. ble where they live and work. Experience sends a powerful message that this But crime prevention has its greatest success kind of_ crime prevention works, both to reduce where it is an integral part of the community. It crime and restore communities' health. The works best when the citizens involved see it as effects of community projects which aim at an expected part of community life. correcting causes of crime are less widely touting in the crime prevention community. For the future, this suggests that community These projects try to meet such needs as crime prevention better housing, employment opportunities, im- proved education, better social sen�:ces. But *needs to identify and explore ways to be- formal evaluations as well as ancedotes pro- come more firmly embedded in community vide dear evidence that citizen action to solve institutions: neighborhood needs can prevent or reduce *should be on the agenda of every group crime as well. concerned with the quality of life in our com- munities. Why Cftizen -Based Crime Prevention? *can forge a wide range of partnerships and It's a fair question - why is there an emphasis appeal to a remarkable diversity of audiences. on citizens in crime prevention efforts? After all, a large and costly criminal justice system That community crime prevention works should has been put in place to handle the crime not be in doubt. How to make it most effective problem. What evidence exists that indicates in reducing crime and fear of crime, and in that citizen involvement is necessary - or even building the community's strength should be useful? the focus of the future. -- oc 0. B r • OtA '0 The 4th Quarter 100 Percent Club winners were: Anthony James, Thomasville and Twin Lake North. From what I hear, they were given the "Royal Treatment" right down to the "Red Carpet" rolled out for them to walk on. They were picked up at their sites by a Super Stretch limo that was 28 feet long. They enjoyed champagne on the ride to dinner, which ended up to being at Rincaids. The dinner was wonderful and then they were wisked off to the Ice Capades, where they y en J o ed a fabulous show from the front row. Dorothy from the Anthony James said, "It was a wonderful evening. R incaids has always been a favorite of mine, so I thoroughl Y i Y g enjoyed myself. It was an exciting evening. Our chauffeur used to live at View Pointe and knew Lou as NURSE PALMER." Hmmmm... Marcie at TLN spoke for everybody when she said, "We all had a wonderful time. It was one of the nicest 100 percent club celebrations we've been to. We all had a GREAT time." Dave at Thomasville really enjoyed it alot also. Doesn't this really make you want to get your numbers down to "0" with good residents? We hope so. We'd love to have your site included in the next 100 Percent Club Celebration. Let's all go for it!!! Congratulations to the 4th Quarter 100 Percent Club Winners. We're proud of you and keep up the great work!!! i A © by Toni Blake CONCENTRATE ON A NEW LEASING FOCUS No matter who we are, our favorite topic of conversation is ourselves. No matter what is being discussed, we've either already done it, planned definitely on doing it, have a friend who did it or at least have an opinion about it. It's human nat- ure to want to be noticed and tell people about ourselves, but if we want to become leasing pros, we must concentrate on one of the most important factors of leasing: the "focus." When someone comes into our office, we usually "focus" on discreetly hiding the processed applications and renewal letters all over our desk, along with the cold form of what once could have been our lunch, and get ready to help him (just in case he's a shopper!). When qualifying a prospect, we "focus" on our vacancy list and what WE feel is the right apartment for him. Often we completely rule out many apartments knowing anyone g y e with a choice and o od Caste e would have selected the same one we selected. We focus on telling him WE live here and WE love it and how WE feel about the property and the wonderful friends WE have. Don't you think it would be more interesting to them if we told them: "You'll love it here! You'll see all the wonderful things about our property and I know you'll make good friends." Turn- ing this situation around is just a matter of taking the focus off yourself and put- ting it on them. Once on the way to show an apartment, I apologized for the green, white and yellow combination shag carpet in it. I was both embarrassed and surprised to find out the carpet would go perfectly with my prospect's furniture. Just a reminder that we're all different. I wouldn't expect a car salesman to bring around one for me and say here! TA DA! This is the one for you. I want to walk around the lot and pick one out for myself. Hy father always said, "It is better to be thought a fool than to open your mouth and prove it!" We need zo try and remember not to talk about ourselves, give only our opinions and say only what we think is special. If we could just stop and find out what our prospects are interested in, it might make the information we have to share more valid. In a survey of apartment prospects, the most common complaints were 1) they felt like an interruption, 2) they felt neglected, and 3) there was no personal interest taken in them._ Think about it and resolve to become more sensitive to other people's de- sires. A perfect solution to help us all with this problem is to add a little extra to our leasing LETS GET ACQUAINTED site ° .. w J \ SUMMIT OAKS held their first Christmas party on December 22, 1988. What a gala event it was. We supplied the ham and turkey buns, coffee and punch. The residents brought their favorite dish and their favorite Christmas "cheer" to drink. We really had a great turn —out and ended up with more food than we knew what,to do with, but we all tried our best to do it justice. Jim's fingers flew across the keyboard playing standard and show tunes, requests and of course, Christmas songs. Charlene and her family joined us and Charlene was a great help mingling with the guests and making them feel at home. We had door prize drawings donated by the stores in the area that we do business with. We took lots of pictures and everyone got to know each other. It was a warm wonderful time. Some of the residents even stayed to help clean up and the biggest question all night was, "When are we going to do this again ?" CHESTNUT held their "Social Event of the Season" on December 21, 1988. Hors d'oeuvres were served along with hot apple cider and popcorn. Numerous drawings were held for certificates donated by some of the community businesses. The grand prize was a $100.00 certificate for a rent credit. Pool and Ping Pong were also a big hit. It was set up as an "Open House" and approximately 30 people were in attendance at all times. We had about 20 residents participate in the decorating contest and we announced the winner who had the "Most Chestnut Spirit ". Everyone had a good time. We even had a "romance" start up between a couple of residents that is still going strong. ANNOUNCING. CHEROKEE VILLAGE - SHIRLEY FERRARO, RESIDENT MANAGER Before joining Lang- Nelson, Shirley spent 4 years as a Property Manager for the Dolan Co. She is married and has 3 children, with one child still living at home. She sang professionally in night clubs for several years, and still maintains an interest in music. Other interests include travel, bridge and movies. Welcome to Lang- Nelson, Shirley! CINDY BAKER, LEASING /BOOKKEEPING Cindy has been employed by Lang - Nelson for 2 years and just recently took the position open in the CV Rental Office. She lives at Cherokee Village with her 9 year old daughter, LaTanya. Cindy enjoys dancing, going to the movies and being with good friends. Congratulations on your promotion, Cindy!!! MARK DRASNER, MAINTENANCE MAN Mark is a graduate of Dunwoody with a degree in refrigeration. Mark enjoys pitching horseshoes, bowling and cooking. His secret ambition is to be Maintenance Man of the Year, so look out Maint- enance Men. He is also looking forward to working with all of you. Welcome aboard, Mark! PARKWINDS - ROBYN KLUGE, RESIDENT MANAGER Roybn was born in Portage, Wisconsin. Previous to her employment with Lang- Nelson, Robyn worked for Tycon Management. She enjoys boating, skiing and camping. She also enjoys meeting new people and is looking forward to meeting everyone at Lang- Nelson. Welcome to Lang- Nelson, Robyn!! WOODHAVEN - PAM HAGEN, RESIDENT MANAGER Pam and her 8 year old daughter, Vanessa, moved to the Woodhaven 2 months ago. She has 4 years of experience in the property management field and is very pleased to be a member of the Lang - Nelson team. Lots of improvements have been made at the Woodhaven and Pam would like all of you to stop out and see them. Welcome to Lang - Nelson, Pam! WOODS - PENNY CERVANTES, RESIDENT MANAGER Penny has joined Lang- Nelson and re- located to Burnsville from Little Canada, with her two sons, Rick and Dan. Penny's leisure time, is spent boating, weather permitting, relaxing while someone else does the fishing, collecting and listening to fifties and sixties music and reading. She and her sons are enjoying getting to know the Burnsville, Apple Valley area, and living at the Woods. Welcome to Lang - Nelson. CHESTNUT - DENNIS & JOAN SCHORR, RESIDENT MANAGER & MAINTENANCE MAN They have been working in the Multi- Housing business for the past 6 years. Obviously, we enjoy a good challenge. The most rewarding aspect of our job is that each day is new ... we're never bored! Joan and Dennis are originally from Superior and both have families that still reside there. They have been married for 42 years and have 2 children that keep them very busy. Welcome to Lang- Nelson!! ST. ANTHONY PROJECT The land for the St. Anthony site has been purchasesd and we have received the final plans for the project. Anticipated demolition of the existing shopping center will start on approximately February 6, 1989. A Groundbreaking Ceremony is planned for the week of February 20, 1989. CHESTNUT The Clubhouse at Chestnut has all been redone. It looks beautiful, said Nancy Erickson. It's all been recarpeted, all new furniture and the pool tables have been recovered. All of the entries have also been recarpeted. The next thing to be done is the remodeling of the saunas. Stop out and see for yourselves how nice it looks. BROADWAY VILLAGE The hallways are being recarpeted and new exterior doors are being put on. I'm sure this will make Broadway look even nicer than it always does now! TWIN LAKE NORTH They are also getting new hallway carpet and new exterior doors. CEDARBROOKE Work is going to be done on the shop. Won't this be nice for Steve! It was January 14, 1989, and sunny, 32 degrees outside.. The mid - January blahs had somewhat set in, when all of a sudden in through our rental office doors appeared "Captain George Kevin Rowland" of the U.S. Army. Kevin really wasn't looking for an apartment, what he really wanted was a townhome. Despite that minor fact, I proceeded to show Kevin what the Woods Apartments had to offer. He was very impressed with the size and floor plans, not to mention the special attention he received. Although he was impressed with what he saw, he said he had several other places to visit. So I asked Kevin to contact me either way and let me know what his decision was. He promised he would. I was sure that he would be back to rent! The day had past and it was now ten minutes before 5:00 p.m. (the office closed at 5:00 p.m.) and wouldn't you know Kevin has not contacted me yet. I was devastated. I was so absolutely sure he would come back. So I made several calls to find out where I could reach him. He had not left a number with anyone. As I hung up the phone and looked out the window ... yes, you guessed it. There stood "Captain George Kevin Rowland" and it was 5:00 p.m. on the dot. I let him in and showed him several other apartments. He was really having a hard time deciding between 3rd floor, conventional type and Quaker gray carpeting. Of course he wanted all three. I explained this to Kevin that he could have a combination of one or two of those, but not all three. He really wanted the Quaker gray on 3rd floor, but I didn't have that, but we did have 3rd floor with the ginger carpet. By this time it was 6:10. Kevin walked over to our carpet selection board to contemplate the colors. I saw this as my golden opportunity to reach our goal we needed for the weekend. I got up out of my chair and followed him across the room to the office doors. I didn't want anything to distract this closing. "I locked the door" Kevin heard the click of the lock and looked at me somewhat surprised and said, "I'm really sorry for keeping you so long after hours, I know you'd like to go home." I replied, "That's ok Kevin, you take all the time you need, because you see, I locked this door and you're not leaving until you put a deposit down and sign a lease." He must have thought I was joking because he laughed until I replied, "Laugh, I'm not kidding, you've kept me here this long, you will rent!" He replied, "Ok, let's go with the ginger conventional on the 3rd floor." Kevin rented and signed a one year lease. When he visited with Carol at the Apt. Guide the next day, she said he had to laugh because he really didn't want an apartment, but a townhome. When she asked him why he had changed his mind he said," I don't know, I guess she was a good closer." So ... the next time you think you have exhausted all possibility of closing on someone, remember you haven't. by Mary Therring k If your employees are fun - loving creative in word association, categonz- people who laugh a lot, they'll work ing things and tasks involving memory. H umor Aids better and faster. Some recent studies • Humor improves decision -mak- found: ing and negotiating abilities. P roductivity • People in a good mood organize • Laughter tends to boost perform - data better. ance when its related to the task at • Humor relieves the boredom of hand. tedious work —and that aids problem • Humor improves group as well solving, as individual performance. • People in good spirits prove more Source: American Health If You Want to Reduce Stress l To reduce stress, try some of these worth the elevated blood pressure and /(� suggestions: time? 'a o Learn to ignore what you can't o Take a lunch break no matter how control: learn to control what you can. busy you are. Get away from your desk o Talk about your problems with a area in body and mind —if only for 15 or good listener or write them down on a 20 minutes. I piece of paper. Don't keep them inside. o Avoid the company of negative o Ask yourselfquestions before com- people. mitting to a stressful situation. Exam- Source_ Hope Healthletter. 157 S. Kalama- ple: Is fighting a $10 parking ticket zoo Mall, Suite 482, Kalamazoo, MI 49007. g CITY SAV G5 SAN NEW ACCOUNTS — f I 3 "I'd like to open a joint account with someone who has a lot of money." "I worked out a budget. one week well buy gas and one week well eatr PROBLEM While you were carry- ing your Ink pen in your pocket, TUNNEL VISION: the tip of the pen leaked and stained your clothing. Muffy and Buffy were riding a train for SOLILMON• If the clothing is wash- the first time, they brought along some able, saturate the stained area with bananas for a snack. Just as they began hair spray, rub the fabric to help work to peel them, the train entered a pitch - the spray into the stain, then wash the black tunnel. "Have you eaten your banana fabric immediately according to in- yet ?" asked Buffy, "No ", replied Muffy. structions on the label of the garment. "Well don't touch it," shouted Buffy "I G.L., West Springfield, :Mass. o took one bite and went blind.