City Council Minutes 2010 06 01 - Laserfiche WebLink

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City Council Meeting Minutes June 1, 2010 Page 9 of 10 RESOLUTION No. 34, SERIES 2010 A RESOLUTION APPROVING A FIRST AMENDMENT TO TRANSFER AND DEVELOPMENT AGREEMENT AND AN AMENDED AND RESTATED AGREEMENT, COVENANT AND RIGHT OF FIRST REFUSAL REGARDING 520 SOUTH BOULDER ROAD, LOUISVILLE, COLORADO Mayor requested a Staff presentation. Economic Development Director Star made the following introductions: Louisville Housing Authority Chairperson Steve Underhill and member Rob Kelly; three members of the Flatirons Habitat for Humanity: Executive Director John Lovell, President of the Board of Directors John Wood and Construction Manager Bob Wettergren. She explained the Flatirons Habitat for Humanity sent a letter to the City Council requesting reconsideration of the condition for the 14% of the affiliate's portion of the appreciation. Resolution No. 34, Series 2010 amends a 2003 agreement between the City and the Louisville Housing Authority (LHA), in order to allow a transfer of land on South Boulder Road to Flatirons Habitat for Humanity (FHFH). FHFH intends to build four or more affordable townhomes for sale. Resolution No. 34 also approves a three -way agreement between the City, LHA, and FHFH, outlining the terms, which the parties agree and expect development of the land. In 2003 the City transferred .58 aces to the LHA for the purpose of constructing and maintaining an affordable housing project. In the intervening seven years, LHA has not been able to accomplish this goal. However, in 2009, members of the LHA spoke with Flatirons Habitat for Humanity relative to their interest in fulfilling the goal. Resolution 34 approves documents to amend the 2003 actions to match the Habitat model for the provision of affordable housing. The Habitat will need some fee reductions and /or waivers from the City in order to build this project. The action removes the ability of the City to re- purchase this land. PUBLIC COMMENT Steve Underhill, Chair of the Louisville Housing Authority, explained the LHA has not been able to accomplish the goal of building an affordable housing project however the Flatiron Habitat for Humanity is interested in fulfilling this goal. He requested Council approval to amend the documents. John Lovell, Executive Director for Flatirons Habitat for Humanity, explained they are very anxious to begin this project in the community. To date, they have only built one home in Louisville, but are hoping, with their partnership with the University of Colorado, School of Architecture; they can build more homes on the lot. John Woods, President of the Board of Directors explained that ;and has been donated by municipalities and property owners to the Habitat for Humanity for construction of