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HomeMy WebLinkAboutInformation Update 081125AGENDA INFORMATION UPDATE August 12, 2025 5:00 PM, I.Information Update I.A Work Session Follow-up Memo: July 21, 2025, Lumberyard Lottery Priories and Ballot Language WS Follow-Up Memo 21JULY2025 Lumberyard.docx 1 1 FOLLOW-UP MEMORANDUM CITY COUNCIL WORK SESSION WORK SESSION MEETING DATE: July 21, 2025 FOLLOW-UP MEMO DATE: July 28, 2025 AGENDA TOPIC: Lumberyard Lottery Priories and Ballot Language PRESENTED BY: Chris Everson, Affordable Housing Development Senior Project Manager COUNCIL MEMBERS PRESENT: Mayor Rachael Richards, John Doyle, Sam Rose, Christine Benedetti (via Zoom) ______________________________________________________________________ WORK SESSION DISCUSSION SUMMARY: The Lumberyard development agreement with Gorman & Company gives the City six months (from July 14) to decide on lottery priorities for work location, essential workers, and employer partnerships and to set a cap and basic terms for employer-partnership units. The agreement also allows the City to implement the full Lumberyard project by issuing up to $70 million in municipal revenue bonds, backed by housing fund revenues. Voter approval for this financing would be required on November 4, 2025, to align with Gorman’s proposed timeline. Staff presented possibilities for review and discussion related to the following topics:  Work Location Priority  Work Type/Essential Worker Priority  Employer Partnerships  Ballot Language Upon discussion, a majority of Council were in favor of a UGB work location priority and placing the ballot question as proposed on the November 4, 2025 election ballot. Council expressed concerns about the possibility of a work type/essential worker priority and requested that staff return at a follow-up work session with information about existing language in the APCHA Regulations about priority for emergency workers. Council discussed the topic of employer partnerships and requested that staff return at a follow-up work session with clarified information and process visualization to better explain and understand the program as proposed. Council additionally requested information about whether the program could work more like a master leasing program. Council also expressed interest in a fee calculation methodo logy. 2 NEXT STEPS:  Staff will schedule a follow-up work session soon to allow further discussion as requested.  Staff will place the ballot question on the agenda for approval at Council’s August 12 regular meeting. CITY MANAGER NOTES: ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ 3