City Council Minutes 2015 03 17 - Laserfiche WebLink

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City Couneil Meeting Minutes March 17, 2015 Page 12 of 31 Million from the State Disaster Relief Fund and asked how many flood displaced persons who get first preference on the waiting list and how many Louisville residents would benefit. She inquired how much this project would cost the City on an annual basis and the one -time capital costs. She asked if the one -time capital costs are included in the local assistance package. She addressed giving up the building permit fees and noted there is a lot of development going on and permits are backed up four to six weeks for commercial projects. She felt the City would be giving up revenue and paying people to do inspections and review plans. She asked how the City would backfill the lost revenue. Council memberStolzmann suggested going through each item individually. Council member Loo was willing to go through each item individually, but felt the first thing which should be established is who has preference and who will .guarantee Louisville residents has preference. Planning and Building Safety Director Russ explained staff would discuss the Louisville preference once the County has addressed the flood component preference. Council member Loo asked how many flood displaced victims would be .given first preference over Louisville residents. Frank Alexander; BCHA explained as soon as the project is complete an interest list will be open. He noted there is currently a wait list of 120 for Louisville's two properties and 450 for the Lafayette properties, of which many are Louisville residents. The County is working with 75 households displaced by the flood. More than 60 of those households are from the Town of Lyons. The funding is a combination of the $8 Million Flood Relief, state low income tax credits and 4% private activity bonds approved by the legislature last year for the three highest disaster counties, Weld, Boulder and Larimer. He explained those awards will be made regardless of who moves into the units once the project is completed, Council member Loo asked if the. 75 displaced flood victims have first preference in the Louisville project., Frank Alexander explained more than 60 of the households want to retum to Lyons. Flood displaced residents of Lyons would have preference when the interest list is open. Boulder County is simultaneously looking at a similar project in the Town of Lyons to meet the housing need. The Town of Lyons Board will consider this project on March 24 and if approved, it will be in the same funding cycle as the Louisville project. Norne Boyd explained the County has applied for funds for the Lyons and the Louisville projects. Council member Loo inquired how many of the 75 flood displaced' victims will live in Louisville. Frank Alexander explained most people are very attached to their communities. The County does not estimate adding significant flood displaced victims to the Louisville housing project. Mayor Mackie inquired about the number cif units to be built in Lyons. Frank Alexander stated between 60 and 70 affordable units will be built in Lyons.