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HomeMy WebLinkAboutVILLAGE ON REDWOOD (FORT COLLINS HOUSINTG AUTHORITY) - PDP - PDP150012 - SUBMITTAL DOCUMENTS - ROUND 1 - AFFORDABLE HOUSING MEMO.City of Fort Collins Draft - Memorandum of Understanding To: Julie Brewen — Executive Director Housing Authority Marty Heffernan — Director of Community Services From: Chadrick Martinez — Housing Authority, Director of Development John Stokes - Natural Areas Department, Director Date: July 15, 2015 RE: Village at Redwood — Housing Authority / Natural Areas Partnership Natural Areas Department 1745 Hoffman Mill Road PO Box 580 Fort Collins, CO 80522 970,416.2815 970.416.2211 -tax tcgov.com/naturalareas This memorandum is to outline the partnership between the Housing Authority and the Natural Areas Department related to the Pond Area of the Village at Redwood shown on the attachment. On December 20, 2012, the Housing Authority purchased 9.53 Acres for $230,000. The Housing Authority is developing 6 plus acres of the property into an affordable housing neighborhood complex (the Housing Area) and Natural Areas will accept ownership of and manage approximately 3 acres of the west side of the property (the Pond Area) as a public natural area, which includes the pond and approximately a 50' buffer on the east side of the pond. Ownership — The Housing Authority will donate the approximately 3 acre Pond Area to the City Natural Areas Department. General Agreement — Natural Areas will fund minor vegetation restoration and ongoing maintenance of the vegetation within the Pond Area; fund the design, construction and maintenance of the soft trails within the Pond Area; and manage and maintain the pond within the Pond Area. The Housing Authority will own, fund and maintain all improvements within the Housing Area and they will build and maintain a paved trail from Redwood Street through the Housing Area to provide public access to the Pond Area.