City Council Minutes 2015 03 17 - Laserfiche WebLink

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City Council Meeting Minutes March 17, 2015 Page 9 of 31 • Continue the City's long standing history of providing assistance for affordable housing in Louisville (Lydia Morgan and Sunnyside) • Help BCHA secure additional assistance from Federal and State programs • Consistent with the City's Comprehensive Plan policies and principles on affordable housing. • Show support for Louisville businesses who see affordable' housing as obstacle in recruiting and retaining employees • Deliver portions of the street network identified in the 2013 Comprehensive Plan and. Highway 42 Transportation Plan Action Requested: Direction on financial assistance. towards BCHA's affordable housing project at 245 North 96th Street. Staff will prepare an agreement for formal action at a future meeting. Mayor Muckle called for an applicant presentation. APPLICANT PRESENTATION Frank Alexander, Boulder County Housing Authority, noted he had no follow -up presentation, but was available for questions. He thanked staff for their help in incorporating the suggested changes. Mayor Muckle called for public comment. PUBLIC COMMENT Justine Vigil- Tapia, 1201 Grant Ave., Louisville, CO voiced her support for the financial assistance for the affordable housing project.. She saw a need for this type of housing and asked Council to support this investrnent in our community. Emie Villany, 1358 Caledonia Circle, Louisville, CO a resident of Ward 1 urged Council to support the project. He was a member of the Louisville Housing Authority and believed there was a need for the project and was consistent with the community values. Chip Bruss, 2727 Limestone Court, Superior, CO presented a Powerpoint on the Louisville Artists Cohousing organization. The group started in 2013, based in Louisville, has 270 members, 51 paid members with 50% Louisville residents. They have a paid consultant; Jim Leach, who is the leading expert on cohousing projects in the nation. Mr. Bruss reviewed the cost of the project ($8,664,000) and cost per dwelling unit ($361,041) as well as the artist group's financial strength. The artist cohousing group feels their members would not be subsidized by this project but would be purchased with their own resources. The Louisville Artist Cohousing is paying for the land, development, construction and property taxes, all from their own resources.