Quote:"Ken Dillinger of U.P. Engineering submitted a proposal for a new
apartment complex on the property where the College Motel
presently sits. There would be 22 units varying from one to four
bedrooms.
John Kirk reviewed the site plan with the commission including a
two-tier parking lot. There are plans for 80 students and they have
included 80 parking spaces. The building will be 21,000 square feet.
The exterior will be block with decorative panels made from
prefinished metal or a siding material. Scott MacInnes said the
parking area meets the ordinance of providing one parking space per
bed.
The estimated cost to build the building is $2,600,000 including
acquisition. Projected rent is less than $500 per person per month as
that is the rate that students pay in the dorms. Tenants will pay for
electrical only."