City Council Minutes 2004 08 17 - Laserfiche WebLink

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Louisville City Council Meeting August 17, 2004 Page 3 of 8 REGULAR BUSINESS RECOGNITION - OUTGOING YOUTH ADVISORY BOARD MEMBERS Mayor Sisk requested a Staff presentation. Recreation & Senior Services Director Keith Williams reported the Youth Advisory Board completed their second successful year. In October the Board members attended a retreat in Estes Park with other boards from around Colorado and set goals and received leadership training. The Board decided their goal would be to promote volunteerism of youth, and undertook several projects. He recognized the two City Staff members Mandy Perera and Carol Purfurst who worked with the Youth Advisory Board. The 2003-2004 Youth Advisory Board contained fourteen members. Ten members will not be returning next year and were recognized for their service. Mayor Sisk recognized and presented certificates of appreciation to the members of the Youth Advisory Board: Chairperson Mallory Martin, Vice Chair Matthew McAllister, Secretary Karlee Avischious, Brandon Painter, Lizabee Pancoast, Sarah Jane Seifert, Ryan Murphy, Jenelle Tennigkeit, Hannah Guinther, and Lauren Slack. DISCUSSION/DIRECTION - THISTLE COMMUNITY HOUSING REQUEST FOR BANK QUALIFIED BONDS Mayor Sisk requested a Staff presentation. Assistant City Manager for Governmental Relations Heather Balser reported on the Thistle Community Housing request for Bank Qualified Bonds. She explained the City of Louisville has received a request to serve as a conduit bond issuer for Thistle Community Housing for the acquisition of the Mapleton Mobile Home Park in Boulder. Thistle is requesting the ability to utilize the City's estimated $2.6 Million of Bond Qualified (BQ) bond authorization remaining for the 2004 calendar year. The City's bond counsel has filed a letter outlining the risks to the City for such financial transaction and to the City's credit ratings. The Louisville Housing Authority, at their regular meeting in July, recommended the City Council authorize the issuing of bonds for the Thistle Community Housing. Aaron Miripol, Executive Director for Assistant Community Housing in Boulder County, explained the proposal is for the Maplet0n mobile home housing project in Boulder. He stated this mobile home park is thirty years old and owned by the City of Boulder. The Thistle Community is purchasing the park from the City of Boulder. He noted this is the first time a mobile home park in Colorado would become a permanent affordable community. The City of Boulder is contributing $800,000 in grant money, from the Colorado State Division of Housing, and an additional $300,000 is being