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HomeMy WebLinkAboutMINUTES-04/01/1997-RegularApril 1, 1997 COUNCIL OF THE CITY OF FORT COLLINS, COLORADO Council -Manager Form of Government Regular Meeting - 6:30 p.m. A regular meeting of the Council of the City of Fort Collins was held on Tuesday, April 1, 1997, at 6:30 p.m. in the Council Chambers of the City of Fort Collins City Hall. Roll Call was answered by the following Councilmembers: Apt, Azari, Janett, Kneeland, McCluskey, Smith and Wanner. Staff Members Present: Fischbach, Roy, Krajicek. Citizen Participation Brynn Anderson, representing CoPirg, spoke of a House Bill regarding the "Children's Environmental Protection and Right to Know Act of 1997" and requested that Council adopt a Resolution in support of the Bill. Karen Girard, introduced herself to Council as the new Director of Funding Partners for Affordable Housing Solutions. Yolanda C. Nicely, Trilby Mobile Home Park 940A, passed out blue ribbons to Council to wear in support of "Worker's Day". Citizen Participation Follow -tip Councilmember Apt suggested the Legislative Review Committee review CoPirg's recommended legislation. Councilmember Janett thanked Funding Partners for Affordable Housing Solutions for its hard work and stated she would continue to remain on the Board after her Council term is up. Agenda Review City Manager John Fischbach stated that the date on Item #24, Items Relating to Overland Trail Road on the Master Street Plan and Structure Plan, was corrected on the document before the meeting. 363 April 1, 1997 ***CONSENT CALENDAR*** The Consent Calendar consists of Item Numbers 7 through 20. This Calendar is intended to allow the City Council to spend its time and energy on the important items on a lengthy agenda. Staff recommends approval of the Consent Calendar. Anyone may request an item on this calendar to be "pulled" off the Consent Calendar and considered separately. Agenda items pulled from the Consent Calendar by the Public will be considered separately under Agenda Item #21, Public Pulled Consent Items. Items pulled from the Consent Calendar by staff or Councilmembers may be considered separately under Agenda Item 926, Council/Staff Pulled Consent Items. Second Reading of Ordinance No 54 1997 Authorizing the Purchasing Agent to Enter into an Agreement for the Financing by Lease -Purchase of Vehicles and Equipment and Appropriating Related Unanticipated Revenue Ordinance No. 54, 1997, which was unanimously adopted on March 18, 1997, authorizes the Purchasing Agent to enter into a lease -purchase financing agreement with Koch Financial Corporation at 5.32% interest rate, for the purchase of required vehicles and equipment. 8. Second Reading of Ordinance No 55 1997 Vacating Certain Street Rights-of-Wav Dedicated with the Plat of the Stockbridge PUD. Ordinance No. 55, 1997, was unanimously adopted on First Reading on March 18, 1997, and vacates the previously platted local residential street rights -of -way. 9. Second Reading of Ordinance No 56 1997 Designating the Harmony School 2112 East Harmony Road, as a Local Landmark Pursuant to Chapter 14 of the City Code Ordinance No. 56, 1997, was unanimously adopted on First Reading on March 18, 1997, and designates the property at 2112 East Harmony Road as a Local Landmark. 10. First Reading of Ordinance No 58 1997 Appropriating Unanticipated Revenue in the Transit Services Fund to Fund a Feasibility Study for the Development of a Multi -modal Transportation Center, The City of Fort Collins was awarded a $30,000 grant from the OEC through its Transportation Partnerships Program. The award will fund a study to determine the feasibility of developing a multi -modal transportation center in the downtown area. The center would incorporate all modes of travel to provide area residents with convenient and economical travel options as an alternative to single occupant vehicles. 364 April 1, 1997 11. First Reading of Ordinance No 59 1997 Vacating a 30-foot Utility Easement Dedicated to the City for the Harmony Transmission Main On December 3, 1996, Lawrence Pexton, Lydia Collopy, and Francis Collopy dedicated three easements to the City of Fort Collins, which were accepted by the City Council on February 4, 1997. These easements were dedicated as part of the development of the Highline Auto PUD. One of these easements, the 30' utility easement running on a diagonal across Lot 2, was for an existing sewerline and the planned Harmony Transmission Main. During development of the Harmony Transmission Main Project, it was determined that the dedicated 30' utility easement was too far to the north on the lot. City staff negotiated with the owners and a new easement, with the correct location of the easement, was granted to the City on February 27, 1997. All of the City utilities' needs will be encompassed in the new easement. 12. Items Relating to a Grant Agreement from the Colorado Department of Transportation for the Funding of Increased Enforcement and Education of Safety Belt and Child Car Seat Use in Colorado. A. Resolution 97-45 Authorizing the Mayor to Enter into an Intergovernmental Agreement with Colorado Department of Transportation Regarding a Grant to the City of Fort Collins for Enforcement and Education of Seat Belt and Child Car Seat Use in Colorado. B. First Reading of Ordinance No. 60, 1997, Appropriating Unanticipated Revenue in the General Fund for the Police Services Safety Belt Program. Fort Collins Police Services has applied for and been awarded a grant from the Colorado Department of Transportation in the amount of $8,000. This funding will pay for the promotion of seat belt and child safety seat use in Colorado and the enforcement of laws concerning use of occupant protection restraints. The funding is for two years, 1997 and 1998, and begins in fiscal year of April, 1997, continuing through June, 1998, in the amounts of $3,000 in 1997 and $5,000 in 1998. This project is a one-time grant, granted with the hope that Fort Collins Police Services will continue in seat belt enforcement and education as a part of normal duty at the completion of the grant. 365 April1, 1997 �[rZJR1r4F1WFT-x Win A. Resolution 97-46 Authorizing the Mayor to Enter into An Intergovernmental Agreement with the Colorado Department of Transportation for Construction of Streetscape Improvements at the Intersection of College and LaPorte Avenues. B. First Reading of Ordinance No. 61, 1997, Appropriating Unanticipated Revenue in the Transportation Services Fund and Authorizing the Transfer of Appropriations for the Construction of Streetscape Improvements at the Intersection of College Avenue and LaPorte Avenue. The Downtown Streetscape Project has been selected by the North Front Range Transportation and Air Quality Planning Council to receive federal Intermodal Surface Transportation Efficiency Act (ISTEA) Enhancement funding for 1997. The scope of this project includes the planning, design, and construction of intersection improvements such as landscaping, pedestrian enhancements (medians, lighting, etc.) at College Avenue (SH287) and LaPorte Avenue. Transportation Services and Community Planning and Environmental Services (CPES) staff are working "in-house" to collaboratively plan and design facilities for the Streetscape improvements. This agreement between the City and CDOT and the appropriation of funds to Transportation Services will provide the $44,000 needed for the construction of the improvements. 14. Items Relating to the Elizabeth Street and Whedbee Street Bikeway PrQject. A. Resolution 97-47 Authorizing the Mayor to Enter into an Intergovernmental Agreement with the Colorado Department of Transportation for Construction of the Elizabeth Street and Whedbee Street Bikeway Project. B. First Reading of Ordinance No, 62, 1997, Appropriating Unanticipated Revenue in the Transportation Services Fund and Authorizing the Transfer of Appropriations for the Construction of the Elizabeth and Whedbee Streets Bikeway Project The Elizabeth and Whedbee Street bikeway project has been selected by the North Front Range Transportation and Air Quality Planning Council to receive federal "enhancement" funding for 1997. The scope of this project includes the planning, design, and construction of bicycle lanes along Elizabeth Street, from College Avenue to Lemay Avenue, and along Whedbee Street, from Riverside Avenue to Prospect Road. Staff from Transportation Services (Transportation Planning, Engineering, and Traffic Operations) is working "in-house" to collaboratively plan and design facilities for the bicycle 366 April1, 1997 lanes along Elizabeth and Whedbee Streets. This Intergovernmental Agreement between the City and CDOT and appropriation of funds to Transportation Services will provide the $44,000 needed for the construction of the bicycle lanes. 15. Resolution 97-48 Authorizing the Purchasing Agent to Purchase Animal Control Services from the Humane• of Larinter County,n Exception to Competitive • • The City of Fort Collins has contracted with the Humane Society for Latimer County for animal control services for the past fifteen years. The contract requires a wide variety of equipment and services including: public education, maintaining and equipping a shelter facility; veterinary core; humane and modern vehicles equipped for transporting animals; radios; uniforms; administration of the pet licensing program; furnishing humane traps as appropriate; maintaining adequate liability insurance; quarterly reports to the City's Director of Finance; pick-up and disposal of dead animals, and general response to animal -related calls for services within the City. There is no other known organization, entity or individual capable of performing these services. The proposed contract for 1997 totals $213,072, paid in monthly amounts of $17,756 each. This is an increase of $8,072, or 3.79% over 1996. Funds have been budgeted to offset increasing operation costs for both the shelter and animal control, and to provide better customer service for citizens calling the Society directly. The contractual relationship between the City and the Humane Society for Latimer County remains excellent, with the Society dedicated to providing professional animal control enforcement and education to the community. 16. Resolution 97-49 Authorizing the City Manager to Enter into Intergovernmental Agreements with Latimer County for the Provision of Paratransit Services, In 1996 it was determined that sufficient need existed to support Dial -A -Ride bus service to seniors and residents of Latimer County. The City of Fort Collins has its own complementary paratransit bus service (Dial -A -Ride) and has determined that it can continue to provide this additional service. The revenues outlined above would be received by the City from two separate County agencies for providing the Dial -A -Ride service in the County, as set forth in the Intergovernmental Agreements. '- • •rl• , - • •ratuv Elm The Light and Power Department requires high -durability fiberglass vaults for underground electrical equipment. A Colorado company, Mesa Fiberglass, Inc., manufactures the only such vault that meets the necessary quality standards at a cost effective price. 367 April L, 1997 ;-.• •1 � ••l• In late 1992 City Council adopted Resolution 92-132 which formalized broad energy efficiency policy guidance for three major city responsibilities: (1) as a user of energy; (2) as a supplier of electricity energy; and (3) as a community leader through its role as a educator, promoter and regulator. Resolution 92-132 encouraged "comprehensive energy thinking" by directing the City organization and Boards and Commissions to use this policy to guide development of annual work plans. Resolution 92-132 also provided direction for operational decisions. The proposed Resolution, which would repeal Resolution 92-132, was prepared pursuant to Council direction to clarify and reaffirm certain provisions in Resolution 92-132. 19. Resolution 97-52 Amending Resolution 96-18 Authorizing Acquisition by Eminent Domain Proceedings of Certain Land Necessary for a Substituted Utility Easement In Connection with the Construction of the College/Drake Intersection Improvements. The construction of a Choices 95 transportation project --the College/Drake Intersection project --is completed except for landscaping and other seasonally sensitive aspects of the Project. Staff has successfully negotiated full resolution of all eminent domain issues, with the exception of one property. On that property the issue of compensation is currently unsettled and staff has continued to negotiate. During construction of the Project, it was determined that an electrical vault for which a utility easement was being obtained would be relocated two feet to the east of its originally planned location. The property owned consented to the relocation, in part because the new location was advantageous for aesthetic reasons. Because the issue of compensation has not been resolved, it is necessary to obtain express authority from the Council to correct the legal description reflecting the relocation of the electrical vault in the eminent domain proceeding. A. Deed of Easement from Jaki L. And Brad W. Kiehne, to install vault to underground existing overhead electric system, located at 407 Riddle. Monetary consideration: $80. B. Deed of Easement from John Kleist and Mari Dolmas, to underground existing overhead electric services, located at 218 South Grant. Monetary consideration: $10. April 1, 1997 C. Deed of Easement from David A. Braley and Martha E. Roden, to underground existing overhead electric services, located at 102 Peterson. Monetary consideration: $10. D. Deed of Easement from Thomas M. And Eileen Waldrow, to install electric oval vault to underground existing overhead electric system, located at 325 North Pearl Street. Monetary consideration: $80. Items on Second Reading were read by title by City Clerk Wanda Krajicek. 7. Second Reading of Ordinance No 54, 1997- Authorizing the Purchasing Agent to Enter into an Agreement for the Financing by Lease -Purchase of Vehicles and Equipment and Appropriating Related Unanticipated Revenue, 9. Second Reading of Ordinance No. 56. 1997. Designating the Harmony School, 2112 East Harmony Road. as a Local Landmark Pursuant to Chapter 14 of the City Code. Items on First Reading were read by title by City Clerk Wanda Krajicek. 10. First Reading of Ordinance No. 58. 1997. Appropriating Unanticipated Revenue in the Transit Services Fund to Fund a Feasibility Study for the Development of a Multi -modal Transportation Center, 11. First Reading of Ordinance No. 59 1997 Vacating a 30-foot Utility Easement Dedicated to the City for the Harmony Transmission Main, 12. First Reading of Ordinance No. 60. 1997_ Appropriating Unanticipated Revenue in the General Fund for the Police Services Safety Belt Program, 13. First Reading of Ordinance No 61, 1997 Appropriating Unanticipated Revenue in the Transportation Services Fund and Authorizing the Transfer of Appropriations for the Construction of Streetscape Improvements at the Intersection of College Avenue and LaPorte Avenue, 14. First Reading of Ordinance No. 62. 1997. Appropriating Unanticipated Revenue in the Transportation Services Fund and Authorizing the Transfer of Appropriations for the Construction of the Elizabeth and Whedbee Streets Bikeway Project Olt April1, 1997 A. First Reading of Ordinance No. 63, 1997, of the City Authorizing the Sale of the Real Property Known as the Johnson SID Property to Kaufman and Broad Multi - housing Group, Inc. (Option A) B. First Reading of Ordinance No. 63, 1997, of the City Authorizing the Sale of the Real Property Known as the Johnson SID Property to the Resource Assistance Center. (Option B) Councilmember McCloskey made a motion, seconded by Councilmember Smith, to adopt and approve all items not removed from the Consent Agenda. Yeas: Councilmembers Apt, Azari, Janett, Kneeland, McCluskey, Smith and Wanner. Nays: None. •l U• •► T" Staff Rem City Manager John Fischbach reported on activities for the upcoming Arbor Day celebration. He reported the City Clerk's office received a Notice of Intent to Petition from the Homebuilder's Association regarding the Land Use Code and briefly outlined the process and timeframe for submitting the petition to the voters. Councilmember Reports Councilmember Kneeland reported that the Organizational Development Committee met and discussed the upcoming Council retreat. Councilmember Apt reported the Legislative Review Committee has been busy reviewing several upcoming bills. Mayor Azari encouraged Council to attend the unveiling of a new stamp, honoring Raul Wallenberg at the Bas Bleu Theatre. Councilmember Janett spoke briefly of the responsibilities of the Charter Review Committee and what the Committee has been working on. Connie Ohlson thanked Councilmember Janett for all her hard work and for her inspiration to others during her term on Council. Councilmember Apt spoke of the many rewarding challenges and accomplishments he experienced during his 4 year Council term. 370 April], 1997 Councilmember McCluskey thanked everyone for their support during his term on City Council. Items Relating to Overland Trail Road on the Master Street Plan and Structure Plan. Adopted, The following is staffs memorandum on this item. "Financial Impact The City would save approximately S5-S7 million if the extension of Overland Trail Road was not constructed. However, the traffic impact to nearby arterial streets may have to be relieved by roadway improvements or mitigated by providing alternatives to motor vehicle travel if the currently adopted Motor Vehicle Level of Service Standards are exceeded. 777e additional traffic impacts need to be more thoroughly evaluated, and staff will present these impacts to Council later this year. Executive Summary A. Resolution 97-53 Adopting Revisions to the Master Sheet Plant to Delete the Extension of Overland Trail Road fronn Drake Road to Horsetooth Road and to change the classification of Overland Trail Road between Horseloolh Road and CR38E front Arterial(4 lanes) to Mirror Arterial. B. Resolution 97-54 Annending the "City Structure Plan" to Delete the Extension of Overland Trail Road from Drake Road to Hoselooth Road. On March 18, 1997, the Council of the City of Fort Collins reviewed the Overland Trail Road extension oil the Master Street Platt. Council approved a motion directing staff to develop a resolution which would delete the extension of Overlcntd Trail Road front Drake Road to Horsetoolh Road front the Master Street Plan. Also, the resolution would change the classification of Overland Trail Road between Horselooth Road and CR38E from an Arterial (4 lane) 10 a Minor Arterial. Resolution 97-53 amends the Master Street Platt to that end. Att ancillary Resolution 97-54 is necessary to amend the City Structure Plan to reflect the change in the Master Street Plan. BACKGROUND: The Master Street Plan (MSP') for the City of Fort Collins was revised by the City Council out August 20, 1996. Council approved the MSP as presented by staff hurt asked that additional study occur on the segment of Overland Trail Road ft•ont Drake Road to County Road 38E. Transportation staff hosted two neighborhood meetings and worked with a focus group for several months to review traffic data, environmental impacts, wildlife/vegetation impacts, and the development of the Southwest Community Park. Transportation staff and two members of the focus group recommended no revisions he made to the Overland Trail Road segment of the Master Street 371 April 1, 1997 Plan. The majority of the focus group recommended amending the Master Street Plan by removing the southern segment of Overland Trail Road from Drake Road to CR38E. On March 18, 1997, the City Council reviewed the information presented by staff and the focus group. Public input was also taken from audience participants. Council felt there was not si fficient fislification to leave the portion of Overland Trail Road from Drake Road to CR38E on the MSP. Council then passed a motion directing staff to submit a resolution at the April I Council meeting to remove one portion of the road and change the classification on the southern portion. The proposed resolution would accomplish several things: the arterial roadway between Drake Road and Horselooth Road would he eliminated from the MSP; fuure Councils would need to be convinced on why the road is needed rather than having to defend why it is oil the MSP; and the proposed resolution would help preserve the right-of-way across private property for the Fossil Creek Trail and arty f tture street needing to connect Horselooth with CR38E. Eric Bracke, City Traffic Engineer, re-evaluated the Overland Trail Road extension bared on several alternatives and submitted a report on December 30, 1996, for review by staff and the focus group. The model used by Traffic Operations included all assumption that there would he a modal shift, that would shift by 10%, trips from Seigle Occupancy Vehicles (SOV) to other modes of travel by the year 2015. Transportation staff conchided that the proposal in the MSP for the extension of Overland Trail Road from its current terminus to CR38E offered the best solution to the mobility and air quality criteria evaluated One of the alternatives evaluated by the Traffic Operations Department was no extension of Overland Trail. The impacts of this alternative were the potential c f severe traffic congestion at the major intersections; high traffic congestion one Taft Hill Road and Drake Road; and significant air quality hot spots in these areas. These issues need greater study, and Transportation staff will work with Natural Resources and Lariner County staffs to clarify the impacts. One of the issues staff will examine is on the Motor Vehicle Level of Service. As an example, in order to maintain a Level of Service D or better, which is the current City slandard for arterial roadways in Low Density Mixed Residential districts, it nnay be necessary to widen Taft Hill Road from Prospect Road to Harmony Road from four lanes to six lanes. This will not be easy to accomplish. Additional rights -of -way will need to be acquired on the west side which will remove landscaping and plantings which now act as a buffer between the vehicles and the homes/businesses. A number of residences will then have their backyards ablating the roadway. Oil the east side, at least eight homes would have to be purchased to accommodate the increase from four to six lanes. The intersection at Drake Road and Taft Hill Road may require another left turn lane (double lefts) on the south and west legs. Monitoring of the growth in traffic and the travel patlerns in the area would be necessary to accurately project the need for auxiliary lanes. " Multi -Modal Group Leader Tom Frazier gave a brief report on this item and outlined the two options to be considered. Councilmember Apt made a motion, seconded by Councilmember Smith, to adopt Resolution 97-53. 372 April 1, 1997 Yolanda C. Nicely, Trilby Mobile Home Park #40A, urged Council to postpone adopting the motion until Council has received information regarding impacts. Kathleen Kilkelly, 920 Iverness Road, spoke in support of the motion and urged removing the extension from the Master Street Plan. Greg Sutton, Focus Groupmember, supported the motion. Bruce Henderson, Focus Groupmember, urged Council to adopt the Resolution and spoke of the need to investigate other solutions to mitigate traffic issues. Councilmember Smith clarified the extension could be built in the future if it is decided by a future Council and citizens that it would be in the best interests of the City. Councilmember Kneeland opposed the motion and spoke of the existing traffic impact in the area. She supported leaving the extension in the Plan and reviewing the issue when it is closer to becoming a reality. Councilmember Apt supported the motion and reported data received by staff indicated no positive impact on air quality would occur if the extension were built. Councilmember Janett supported the need to preserve natural areas. Councilmember McCluskey did not believe that the issue was ready to be voted on, commenting that he felt that all cost implications had not been considered. He thanked the Focus Group its work on this issue. Mayor Azari supported the motion and stated extending Overland Trail would not greatly improve the transportation alternatives. She expressed the need to look at transportation corridors and of the need to act responsibly with regard to preserving natural areas and open space. The vote on Councilmember Smith's motion was as follows: Yeas: Councilmembers Apt, Azari, Janett, Smith and Wanner. Nays: Councilmembers Kneeland and McCluskey. THE MOTION CARRIED. Councilmember Smith made a motion, seconded by Councilmember Apt, to adopt Resolution 97-54. Councilmember Kneeland stated that the only reason she would be supporting this Resolution is because the Structure Plan has to be in sync with the Master Plan. 373 April 1, 1997 The vote on Councilmember Smith's motion was as follows: Yeas: Councilmembers Apt, Azari, Janett, Kneeland, Smith and Wanner. Nays: Councilmember McCluskey. Items Relating to the Sale of Real Property Known as the Johnson SID Property Adopted Option B. The following is staff's memorandum on this item. "Financial Impact The City Manager and Affordahle Housing Board recommend approval of Option B, the sale to TRAC. The Council Finance Committee directed staff to fry to accomplish both projects. As of March 26, 1997, staff had not found an alternative site to accommodate both projects. Two options are presented; (])Sale r f 7RAC ar recommended by the Affazlable Housing Board and City Manager; (2) Sale of Kaufman & Broad as recommended by the staff evaluation team pursuant to the City's SID Policy. Executive Sunnnary A. First Reading of Ordinance No. 63, 1997, of the City Authorizing the Sale of the Rem Property Known as the Johnson SID Property to Kaufman and Broad Multi -housing Group, Inc. (Option A) B. First Reading of Ordinance No. 63, 1997, of the City Authorizing the Sale of the Real Property Known as the Johnson SID Property to The Resource Assistance Center. (Option B) In response to a request for proposals, the City received two offers to purchase the Johnson SID Property, which has an appraised value of $390, 000. Kaufman and Broad Multi -Housing Group, Inc. - 5390, 000 Project: 72 Affordable Senior Apartments at 40-50% AMI. 2. The Resource Assistance Center for Nonprofits, Inc. - 5327, 000 Project: 36 Permanently Affordable Home Ownership Units and 2 Rental uunns at 80%AMI or less. TheJohnson SID Property (the 'Property') was acquired by the City in satisfaction of the City's lien for assessments for a Special Inuprovenuent District (`SID'). The proposed sale of this property 374 April 1, 1997 is being reviewed under the City's SID Sales Policy as well as and the Council 's Affordable Housing Goals which appears to he ill convict with each other. BACKGROUND: Resolution 92-91 established the policies for the sale of SID properties. The City issued a request for proposal (" RFP') in compliance with the policies. The SID sales policy stales that the asking price of the property shall be based on market value and that a competitive process be used to sell the property. The evaluation criteria in the request for proposals for the Johnson Property included the following: Scope of the Proposal Financial Capacity Time Frame Return to the City Firm Capacity The RFP criteria did not inchude any mention of the type of use for the property, types of housing, or any mention of affordable housing. The staff evaluation committee, composed of John Duval, Ron Millg .Jim O'Neill and Alan Krcnharik, evaluated and ranked the hvo proposals received Based on the criteria, the staff committee recommended the Kaufman and Broad proposal. Both proposals were presented to the Affordable Housing Board. The two proposals are for different types of affordable housing. The Affordable Housing Board received both proposals favorably. However, the Board decided to recommend the TRAC project. The Board supported the TRAC project primarily because of the limited home ownership nature of the project. The Board assumed that Kaufman and Broad had sufficient financial resources to find another site on which to build its project. Another important consideration is the need to "build capacity" in our local not for profits. The City Manager believes the TRAC Project best meets this goal. On March 5, the Council Finance Committee reviewed the two projects and the staff recommendation. At the meeting, the City Manager recommended the TRAC proposal. The Finance Committee found that both projects were worthy of City support and directed staff to Iny to find a way to do both projects. Staff has worked with real estate professionals and have nol yet found an alternative site which world allow both projects to be completed TRAC requested that the items be hrought forward on April I to provide sufficient cient time for it to apply for the necessary grant fiends that it will need to close ore the project. Although the Finance Committee did not recommend either project over the other, the discussion indicated that there was a preference to recommend the 77?AC proposal. See the attached minutes of the March 5 Finance Committee. Based on the staff evaluation, Affordable Housing discussion, and the Finance Committee review, the following pros and cons were identified regarding the two proposals. 375 Kaufman and Broad Multi -Housing Groiup, Inc. $390, 000 Project: 72 Affordable (at 40-50%AMI) Senior Apartments Pros: Cons: April], 1997 Highest return to the City - matching appraised vahue All money is from private sources; the project would receive tax credits Project would not require City suhsidy or grants from other sources More affordable units than other proposal - 72 Affordability - targets population with incomes of 40-50% of Area Median Income Rents are restricted for at least 30 years, open to negotiation for longer term There is a need for affordable units for senior citizens The Project developer is very successful The Project developer has strong financial capability and would likely complete the project on a lonely basis Affordable Housing board believed there is other land availahle for purchase Units are rental Units only required to be affordable for 30 years, subject to negotiation 2. The Resource Assistance Center for Nonprofits, Inc. 5327, 000 Project: 36 Pernatieiitly Affordable Home oivtrership utuits at 30-80% Area Mediaiu Income 2 rental units Pros: The units are affordable home ownership units The Project proponent is a local non-profit organization There is a need for home ownership projects for families Some of the units would be for families in the 30%AMI TRAC recently completed a similar project in the sane geographic area Potential for owners to accumulate equity in their home and to improve themselves economically Cons: Lower return to the City -- below appraised or market value The project relies on City grant monies to acquire the land. Funds may not be available until October and are not yet allocated by City Council Full amount of Citysupport from grant f aids may not be available Past practice suggests that the City would pay an additional $63, 000 to the SID fund to pay off debt on the property* No specific long-term restriction on the affordability of units.. Affordability may fluctuate between 30-80% ofAMI 376 April1, 1997 * Historically, when City uses or policies result in less than market return for SID property, the difference between market vahie and sales price has heen transferred from General Fund Reserves into the SID Fund. " City Manager John Fischbach gave a brief presentation on this item and outlined the options available. He commented that there are conflicting recommendations from the City Manager and staff and reported that he will continue to aggressively look for a comparable parcel for the party who is not awarded the bid. Councilmember McCloskey spoke of the positive elements of both proposals and concurred with comments made by City Manager John Fischbach about looking for additional land so both projects could be accomplished. Tom Erickson, representing Kaufman and Broad Multi -Housing Group, briefly outlined his proposal and clarified both proposals are 100% affordable. Lou Stitzel, representing TRAC, spoke of their proposal and of the need for Council to determine what is the best possible use for the site. She spoke of the type of employment which exists in the area and believed the housing prices were in line with the wages paid in the area. Finance Director Alan Krcmarik spoke of the timeframe within which the City would obtain payment, noting that payment by either one would occur at approximately the same time. Ellen Long, representing the Office on Aging, supported Kaufman and Broad's proposal, stating there is not enough emphasis on senior housing. Yolanda C. Nicely, Trilby Mobile Home Park 940A, spoke in support of both proposals but urged adoption of the TRAC proposal. Maggie Wally, a Fort Collins resident residing at Oakbrook 1, supported the Kaufman and Broad proposal. Betty Maloney, representing the Affordable Housing Board, urged adoption of the TRAC proposal and emphasized the importance of providing affordability for people wanting to own their own homes. Al Baccili, 520 Galaxy Court, spoke of the need for seniors to be able to obtain affordable housing and supported the Kaufman and Broad proposal. Councilmember Apt made a motion, seconded by Councilmember Kneeland, to adopt Ordinance No. 63, 1997, Option B. 377 April 1, 1997 Councilmember McCluskey expressed support for both projects. Councilmember Janett urged Kaufman and Broad to continue its search for developable land. Mayor Azari stated she would vote against the motion so that it would not appear on the Consent Agenda at Second Reading. She reported that she did not believe the issue was resolved and hoped that before Second Reading, a suitable piece of property would be identified so that the Kaufman and Broad project could also be done. The vote on Councilmember Apt's motion was as follows: Yeas: Councilmembers Apt, Janett, Kneeland, McCluskey, Smith and Wanner. Nays: Mayor Azari. THE MOTION CARRIED. Other Business Councilmember Apt reminded citizens that their ballots were due to the City Clerk's Office by April 8 and encouraged everyone to vote. Councilmember Janett requested a two page memo regarding the City's international trade practices. The meeting adjourned at 9:10 p.m. ATTEST: Adjournment 378