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to be people who already own hones, have equity, <br /> the cash requirement may be substantially less. <br /> These are also people who have larger amounts of <br /> disposable income and the intent is that it will <br /> spur future retail growth and development in the <br /> City of Louisville. <br /> Ssyranaki stated concern that the step-up buyer <br /> doesn't need this typo assistance. <br /> Qualified buyers will be determined by the <br /> mortgage lenders according to Smith. <br /> Mayor ?mason asked for any public coesents in <br /> favor of or in opposition to Resolution 619. <br /> None. Mayor Faison closed the Public Hearing. <br /> Mayor Fauson ■oved that Inducement Resolution 619, <br /> Series 1986, be adopted. Carnival seconded. <br /> Ssymanski moved that 'low-income be stricken from <br /> the Inducement Resolution Title as there is no <br /> real provision for low-income in the actual <br /> resolution. Sackett seconded. Unanimous. <br /> Mayor Fauson called for the vote on Inducement <br /> Resolution 619, Series 1986, as amended. <br /> Unanimous. <br /> RECESS Mayor Fauson called for a short recess. <br /> I$TRODUCTIOl1 OF COMSMISSIONNER <br /> JOSIE BEATE Mayor Fauson acknowledged Boulder County <br /> Coswissioner Josie Huth as a member of the <br /> audience and welcomed her to the meeting. <br /> RO$M? ENTRY FEATURE Dave Stahl, Development Manager, of Centennial <br /> Valley, Eosart Development Co., introduced Jim <br /> O'Neill, BOB, and presented a slide show and <br /> answered question■ regarding the entry feature to <br /> be located on the N.W. corner of McCaslin Blvd. <br /> and Cherry Street. <br /> Wanush described the Design Guidelines of the <br /> Development Agreement between the City and Eosart <br /> which limits building heights to 35' except with <br /> the approval of the City Council. It specified <br /> that the Council should consider proximity to <br /> streets and possible impacts on nearby uses when <br /> deciding the height exception. Bosast is <br /> requesting an exception to the 35' height licit to <br /> construct this entry feature to a height of 45' <br /> above grade or 50' above the base of the corner <br /> retaining wall to provide a significant and quality <br /> entry way into Bosart's major business park. <br /> • <br />