The most significant topic discussed was the Downtown West Phase 2 development proposal. Monarch Development Partners emerged as the council’s preferred candidate, with plans to create a vibrant mixed-use area that aligns with the city’s vision. This proposal followed a request for proposals issued in September, which sought to preserve the small-town atmosphere of Victoria while incorporating diverse housing types, retail spaces, and pedestrian-friendly green areas.

Monarch’s proposal promises a blend of housing types and retail environments, emphasizing a public-private partnership approach rather than a rigid, predetermined plan. The representatives stressed the importance of community engagement, planning workshops to gather input from local residents and council members. They outlined their commitment to developing a scoping document to address issues, such as the street layout, public space programming, and the scale and density of the project.

A key aspect of the proposal is the commitment to affordable housing. The discussion revealed that 20% of the units would be designated as affordable, priced at 50% of the area median income (AMI). They provided estimates for affordable rent, suggesting prices around $1,200 to $1,300 for a two-bedroom unit, compared to market rates of $2,200 to $2,800. This pricing strategy aims to strike a balance between market demands and community needs.

The council also explored various design elements of the project, focusing on creating an activated buffer zone to attract visitors year-round. This concept, referred to as “concept B,” intends to avoid creating dormant spaces by integrating urban planning elements similar to those in Carmel, Indiana, known for its successful town center. The design would incorporate diverse architectural styles to reflect the area’s character, with a focus on walkability, open green spaces, and family-friendly environments.

In addition to the Downtown West project, the council addressed the proposed Victoria Ridge apartment development by Doran Companies. The plan includes 162 units, with 20% designated as affordable. Concerns were raised about the reduced parking ratios, especially in light of the area’s lack of public transportation. The representative from Doran Companies justified the parking strategy as a means to prevent overdevelopment of infrastructure.

Affordable housing was a recurring theme throughout the meeting, also linked to the financial feasibility of the Downtown West project. The council discussed potential adjustments to the 20% affordable housing threshold, considering market demands and community requirements. They emphasized the need for diverse unit types to accommodate different household sizes and incomes.

The council also reviewed and approved several financial resolutions, including the final tax levy for 2025 and budgets for various city funds. This adjustment was due to lower-than-expected employee benefit costs and a strategic decision to prioritize existing projects over new playground replacements.

In the open forum segment, residents expressed concerns about local infrastructure, including issues with unpaved roads, high property taxes, and neighborhood conditions. A resident from Trillium Trail highlighted the lack of curbs and parking options, while another resident emphasized the need for better management of the reported $17.9 million state surplus, questioning high taxes in Carver County.

The council also engaged in discussions about the city’s budget and levy for 2025. A Truth and Taxation hearing was held, during which the proposed budget and levy were reviewed, though no public comments were made. The council expressed differing views on budget implications, particularly regarding trail connections and amenities, signaling potential further discussions.