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B. Approval of the January 2408 Financial Reports for Ridge View Commons and Kottinger Place C. Management Updates for Kottinger Place and Ridge View Commons D. Miscellaneous Project Updates Chairperson Stark requested that page S, paragraph 6 of the minutes be modified as follows: "Chairperson Stark discussed what impacts this commercial project would have on the housing cap." Barry Cammer of Bazcelon Associates provided answers to questions raised at the January meeting regarding the budget and utility bills for Ridge View Commons. He noted that meters at the complex aze not read on a regular basis so monthly statements vary. Mr. Cammer advised that in the future a budget exception summary similaz to Kottinger Place will be provided to provide detail regarding these types of questions. A motion was made by Commissioner Harris, seconded by Commissioner Casey, to approve the Consent Calendar as corrected. The motion was approved unanimously. 6. MEETING OPEN TO THE PUBLIC There were none. 7. MATTERS CONTINUED FOR DISCUSSION There were none. 8. PUBLIC HEARINGS AND OTHER MATTERS A. Review of an Affordable Housing Proposal for aTen-Unit Townhouse Development Proposed by Vineyard Gardens LLC at 3$35 Vineyard Avenue Mr. Erickson advised that the City's Planning Department has been working with Mr. Michael Aminian, representing Vineyard Gardens LLC, on a project plan fora 0.876 acre site located at 3835 Vineyard Avenue across from Adams Street. The project involves Planned Unit Development (PUD) rezoning and development plan approval for a ten (10) unit for-sale townhouse development. The units would be two stories and most would range from approximately 2,300 square feet to approximately 2,500 square feet in floor area. One unit would be 1,057 square feet and is proposed to be sold at abelow-market price. The Commission was advised that staff believes the project is a great opportunity to Page - 2 -