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<br />Do we want to look at lower AMI for Louisville, rather than 80%, what would 60% look like? <br /> <br />Steve asked the board: what is the goal for the community? Are we trying to come up with a <br />way for people that normally couldn't afford to buy, the opportunity TO buy? If it is to get them <br />a better deal to get into homes, that's a separate issue. <br /> <br />Jay commented on whether or not doing an IZ ordinance even makes sense for LHA to pursue if <br />the will of the City Council is not supportive of the ordinance. <br /> <br />Where do we go from here? Do we provide more information in April? Callan suggests we <br />continue to look at ordinance and answer a couple of questions still. Need to know cost to <br />administer the program. Heather needs an estimate about direct cost for administration, time <br />constraints for planning department, etc. Heather stated that she will talk to Bonnie Star from <br />the City of Lafayette to find out about instituting this program. <br /> <br />Action: Frank-provide AMI's, bdrm size to Callan via email. Mortgage terms will determine <br />payments. Go to City of Boulder web site to see information to provide. <br /> <br />Recommendation from Planning commission (denial and continuance). Need to go back to <br />Planning Commission with changes. Ask for a continuance until May from Planning <br />Commission. Paul will talk with Planning Commission about continuance and provide more <br />information on options, ordinance, etc. Paul stated that at the next presentation at the Planning <br />Commission, staff and the LHA will need to address all related IZ issues up front and present a <br />finance analysis for ordinance. Need charts for meeting that shows what's available. The LHA <br />should probably be talking about a shared risk module. <br /> <br />Callan will spearhead the continuance of a committee to review and decide what actions should <br />be taken by the LHA on IZ. Frank will send out an email to the entire board to find out who can <br />participate in the committee and what they can commit to in March to make this come together <br />(IZ). What are the options; who will attend; how do we address each option, etc.? <br /> <br />DevelopmeDt report: Nothing new to report <br /> <br />SectioD 8/Propertv M!!:mt: All related information regarding S8 is included in the board <br />packet. <br /> <br />Matters from members of the board: None <br /> <br />Meeting adjourned at 10:25 a.m. <br /> <br />Next meeting is at Sunnyside on March 20th. <br />