City Council Minutes 2004 11 16 - Laserfiche WebLink

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Louisville City Council Meeting November 16, 2004 Page 6 of 8 expansion fee and the major thoroughfare fee. Water and sewer tap fees are not waived, nor are plan review and inspection fees, or the development impact fees. Mayor Sisk requested an Applicant presentation. Scott Pederson, Pederson Development Company, 411 Camino Basque, Boulder, CO stated the discussion and meetings with the City Staff have been very productive. He reviewed the intent to provide seven affordable units and stated the Affordable Housing Agreement satisfies the PUD conditions. He explained the seven units will impact the project economically, therefore, he is requesting a waiver of fees. PUBLIC COMMENT Callan Childs, 701 Garfield Avenue, Louisville, CO, Louisville Housing Authority Member, requested that the Housing Authority be given the opportunity to review the affordable housing agreement prior to Council approval. She voiced her concern over a few terms of the agreement, including the pricing of the one-bedroom units and the resale of the units. COUNCIL COMMENT Council member Marsella voiced her concern over the agreement, and also requested an opportunity for the Louisville Housing Authority to review and make comments to the City Council. She concurred with Ms. Childs comments on the pricing of the units and their resale. Mr. Pederson voiced his understanding of the concerns, but noted the agreement took the position that the buyers of affordable housing should not be penalized in the resale of the property. Council member Brown stated he would look forward to the Louisville Housing Authority comments. He suggested the Housing Authority develop a framework to assist in future affordable housing projects. Council member Keany stated his understanding that provisions of the agreement would allow a 10-year period in which the units could be sold, and the last owner selling the unit would benefit by receiving the full market value. He suggested a fund be established to collect the appreciation from the sale of the units during the 1 O-year period. Council member Van Pelt asked for clarification of the agreement's ten-year covenants clause. City Attorney Sam Light explained the last draft of the agreement received from the developer had a ten-year window. The City Attorney prepared a redline copy of the agreement, which would provide a perpetual covenant. 6