City Council Minutes 2022 09 06 - Laserfiche WebLink

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City Council Meeting Minutes September 6, 2022 Page 6 of 13 Mayor Pro Tem Maloney referenced the fee in lieu and asked what other municipalities charge. Manager Ritchie responded that should would have to do more research to answer that question. Councilmember Dickinson asked if any builder had done any off -site construction. Manager Ritchie responded that to date there hasn't been any off -site construction of affordable housing. Councilmember Dickinson then asked if the City had collected any fee -in -lieu and the answer was no. Councilmember Most questioned how much affordable housing was in Louisville. Manager Ritchie stated it is roughly 3% of the housing stock. Councilmember Most asked how much affordable housing would be added in 10 or 20 years, if Council maintained the 12% requirement. Manager Ritchie responded that it would depend on what Council decided to do regarding acquiring property. With the existing zoning that would result in roughly 50 additional units. Mayor Stolzmann stated that current zoning code does not allow for much more residential housing in town. Councilmember Fahey asked if the City has any incentives in place for affordable housing now. Manager Ritchie stated there are currently no incentives. Councilmember Leh asked if the grant from the Colorado Department of Local Affairs will allow the City to conduct a Feasibility Study within the Housing study. Manager Ritchie said there is intent to include a Feasibility Study. Public Comments Annemarie Jensen, Director of East County Housing Opportunity Coalition expressed a concern that the 30% will be too high without incentives. Currently there is a dearth of properties of 68% AMI and below. There are people that need something lower. Josh Cooperman, resident, spoke in support of the ordinance due to the need for more affordable housing, and to advance EDI. He would like to see incentives such as density bonuses and relaxing of parking requirements. The City should proactively rezone areas to invite developers to build. Sherry Sommer, resident, expressed concerned that a spectrum of affordability is needed. She asked if there are any other options such as land banking and if the properties will be deed restricted. Mayor Stolzmann clarified how this ordinance would work. This would only apply to commercial parcels that are rezoned to allow residential uses. This is putting something in place that gives people the option to rezone to help build residential.