City Council Minutes 2015 12 15 - Laserfiche WebLink

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City Council Meeting Minutes December 15 2015 Page 11 of 25 reported there were 24 meetings with the City's Planning staff and 17 community open houses. She reviewed the comments voiced at those meetings including street design, walkable neighborhoods, community gardens, prairie dog relocation, mitigating the traffic, and lower rents. This project has been a collaborative effort for priorities, income targeting; affordable housing, age restriction, local preferences and disaster displacement. Kestrel's financing is unique and the timing was critical with state flood funds availability and federal low income housing tax credits. The state housing tax credit is a two year credit on a trial basis and they will put it to the test. There will also be a private lender purchasing private activity bonds in the City /Community capital. Boulder County and the Colorado Division of Housing are contributing funds for this project as well. The City of Louisville is also assisting with permit and fee waivers and rebates to make the project affordable. The income limits are 60% of the median income and below. Land Dedication - Public access fee simple title of unencumbered land of 0.3 acres, permanent public access easement over the encumbered portion, cash -in -lieu of 0.7 acres of $405,000, and private common open spaces. The land dedication is to provide a public benefit in perpetuity. The cash -in -lieu to the City would be $151,000, with a value of $405,000. Transportation/Transit Opportunities: Major infrastructure Improvements foster local and regional access, which will allow a parking reduction for the development without impacting the marketing capabilities. The Development is in close proximity to community services and to local transit. Nicole Delmage, Barrett Studio Architects, reviewed the Master Plan, which included the central gathering area for public art, landscaping, and an open air mailroom; natural areas, pocket parks, community gardens, a regional trail, and the 1/4 mile Kestrel Lane. Ozi Friedrich, Humphreys -Poli Architects, explained they studied the architecture throughout downtown Louisville. They looked at various elements, such as detailed awnings, lap and shingle siding, and the compatibility with the contemporary and historic architecture. They also brought in elements of the agricultural structures on the site itself such as the existing barn, which they propose to repurpose as much as possible, so it becomes a part of the project as a whole. Homes will front the central park, and at the far comer, there is the community building. The park and the community building go together as an important comer. Nicole Delmage, Barrett Studio Architects, reviewed the design for the Community Building, which takes inspiration from agricultural forms. The colors and materials are vibrant and warm to bring the community together. The mailroom enters into the Plaza, it is well lit and will always be open. The spaces between the buildings will have good quality lighting and landscaping and provide opportunities for art.