File #: ID-417-18    Version: 1 Name:
Type: Informational Report Status: Agenda Ready
File created: 12/3/2018 In control: City Council
On agenda: 12/11/2018 Final action:
Title: Libretto Senior Apartments Phase II Fee Discussion
Attachments: 1. Libretto Senior Apartments Phase II – AMI Housing Matrix Fee Reduction Sheet, 2. Application for Affordable Housing Assistance, 3. Draft City Staff PowerPoint, 4. 417 PPT
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Department of Community Development
Reference: Libretto Senior Apartments Phase II Fee Discussion

To: Mayor Kenneth J. Kreutzer and Members of City Council
Through: Philip A. Rodriguez, City Manager
Marv Falconburg, AICP, Assistant City Manager
Holly Prather, AICP, Community Development Director
Prepared By: Mike Tylka, AICP, Senior Planner
Date Prepared: November 29, 2018
PURPOSE
The purpose of this Study Session item is to provide details on the formal request that will be before City Council at their December 18, 2018, meeting regarding affordable housing assistance for the Libretto Senior Apartments Phase II Project ("the Project"). Additionally, City staff would like to provide information on past affordable housing projects.

STRATEGIC FOCUS AREAS
1. Recognizable and Well-Planned Community
2. Strong Regional Relationships and Partnerships

BACKGROUND
On November 8, 2018, pursuant to the requirements of Section 3-5-50 of the Municipal Code, a representative of HC Brighton Libretto 2011, L.P., and Hendricks Communities, LLC (collectively, the "Developer"), submitted to the City an Application for Affordable Housing Assistance (attached) requesting a reduction in or the waiving of certain development fees. Phase II is planned to consist of 42 units that will be deed-restricted to residents aged 62 and over. The development's site plan has received administrative approval from the Development Review Committee and the Developer plans to submit plans to the City's Building Division in December of 2018. The Brighton Housing Authority ("BHA") will eventually take full ownership of the property.

CRITERIA BY WHICH COUNCIL MUST CONSIDER THE ITEM
Municipal Code Article 3-5, 'Development Impact Fees', outlines the fees that are eligible for reduction or subsidy by City Council.

SUMMARY OF FINDINGS / STAFF ANALYSIS
The application submitted by the Developer outlines all the necessary items as required by Section 3-5-5...

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