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of the home builders in Louisville was handing out pamphlets <br />indicating that, because of the proposed fee increases, it would be <br />necessary to raise the prices of the homes $4,000.00. He inquired <br />into it and acquired a pamphlet detailing this information, <br />including fact that if home buyers wished to avail themselves of a <br />discount, they should have executed contracts dated no later than <br />September 15, 1992, with the normal financing contingencies. He <br />was greatly dismayed that this kind of information was being <br />polluted upon prospective or present residents of Louisville. He <br />asked City staff to send a letter to the developers indicating that <br />nothing has been passed and that their figures are grossly <br />inaccurate. <br /> <br />Brand stated that the letter has gone out to the developer. <br /> <br />Lathrop felt that there should be an obligation on the part of the <br />builder, if he intends to pass on an expected cost, to let the <br />buyer also know that. He stated that it would be neglect on his <br />part if he didn't. A prospective buyer would be very irritated if <br />all of a sudden that there is an increase that they weren't made <br />aware of. He didn't know who the builder in question was. <br /> <br />Howard: <br /> <br />This Council made a concerted effort <br />statement that said a pre-condition <br />was that they would not try to rush <br />the process and get a flood of <br />people under contract that we would <br />have to grandfather in. If this <br />allegation is true, I would view <br />that as a breach of, at least, the <br />presentation that this Council made. <br />It doesn't~make sense to me that if <br />we said, specifically, that we don't <br />want a rash and a rush of people <br />coming under contract. They know <br />that that was specifically said. We <br />also didn't want people coming in <br />prior ........... using this time <br />that we gave them to present, <br />strictly to line their pockets or to <br />force their prospective buyers to <br />buy early. I'm more than dismayed. <br />They have breached our agreement. <br />If that's ~he case, then we ought to <br />pass what we were going to pass, but <br />in fact held up, because we were <br />trying to work with the development <br />community. I don't like being <br />stabbed in the back when I'm trying <br />to work with someone. <br /> <br />Brand stated that this was one person and this person was not <br /> <br />22 <br /> <br /> <br />