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City Council <br />Meeting Minutes <br />May 21 2019 <br />Page 7 of 14 <br />Councilmember Loo stated rather than giving the $10K incentive she would be interested <br />in cutting to $5K, she would like to see the HSA grant lower, maybe $2500 The rest she <br />can support. <br />Councilmember Maloney stated residents have voted on this twice with very strong <br />support, from his perspective renovations of historic homes are expensive The incentives <br />will be more aggressive and that is what he would like to see <br />Councilmember Loo stated people are supportive of the concept of the program but when <br />looking at these levels of funding there will be an outcry <br />Councilmember Leh stated maybe it makes sense to go a little slower He asked if three <br />Iandmarkings per year is considered a success Would residents be happy knowing only <br />three per year are completed and how are we going to meet that goal This may get us <br />there, is there any appetite for going more slowly on certain pieces of this. This is a <br />program that is incredibly unusual and is a signature program of the City It would help for <br />Council to be 100% behind it. <br />Mayor Pro Tem Lipton proposed a substitute motion to approve the resolution as drafted <br />with changing the HSA maximum of $4K residential and $9K commercial, to incentives at <br />$5K residential, $50K commercial, and on the revolving loan change it to 2% below prime <br />Councilmember Loo seconded <br />Director Zuccaro stated if there is a decrease in the commercial grant it is less than <br />current grant, perhaps transfer the $25K to the matching grant. Mayor Pro Tem Lipton <br />and Councilmember Loo accepted the change <br />Director Zuccaro wanted to clarify the new construction grant for residential structures is a <br />nonmatching grant. Motioner and seconder agreed <br />Councilmember Stolzmann did not support the motion and wants to require matching for <br />new construction She felt the additional money for commercial without the match was <br />meant as an incentive. Councilmember Loo clarified, match on residential and no match <br />on commercial She supported that as did Mayor Pro Tem Lipton <br />Director Zuccaro said the commercial grants would give unmatched land -marking grant of <br />$50,000 and matching preservation grant increase to $150,000 <br />Vote on intervening motion <br />Voice vote. all in favor <br />AWARD BID FOR 2019 WATER MAIN REPLACEMENT <br />