Department of Community Development
Reference: Reduction of Fees and Affordable Housing Agreement for Libretto Senior Apartments Phase II
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: December 6, 2018
PURPOSE
Based on the direction provided by City Council at their November 27, 2018 and December 11, 2018 Study Sessions, this item is being brought before City Council for their review and consideration of reducing and waiving certain fees for the Libretto Senior Apartments Phase II Project (the "Project") and entering into an Affordable Housing Agreement with HC Brighton Libretto 2011 LP and Hendricks Communities, LLC (collectively, the "Developer"). Per Brighton Municipal Code, such an agreement shall be presented to City Council for their decision.
STRATEGIC FOCUS AREAS
1. Recognizable and Well-Planned Community
2. Strong Regional Relationships and Partnerships
Additionally, this project fits into the 'Recognizable and Well-Planned Community' Section of the 2018-2019 Business Plan, as it aligns with the third item being to "promote, support, and advocate for redevelopment projects in the core city including areas north of Strong Street and south of Egbert Street."
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, submitted to the City an Application for Affordable Housing Assistance (attached) that requested 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 ...
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