HomeMy WebLinkAbout20231857.tiffRESOLUTION
RE: APPROVE ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG)
FUNDS FOR BRIGIT'S VILLAGE PROJECT - TOWN OF FREDERICK
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, the U.S. Department of Housing and Urban Development, Office of
Community Planning and Development, awarded Weld County with Community Development
Block Grant (CDBG) funds for fiscal year 2023, and
WHEREAS, the Weld County Community Development Block Grant Advisory Committee
(CDBGAC) has been charged with evaluating project proposals and making recommendations to
the Board of County Commissioners of Weld County, Colorado, and
WHEREAS, the CDBGAC has recommended the Board allocate $275,000.00 to the Town
of Frederick Brigit's Village Project (Project #23-6), and
WHEREAS, after review, the Board deems it advisable to approve said award allocation.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the Community Development Block Grant (CDBG) awards, be, and hereby
are, allocated as follows: $275,000.00 to the Town of Frederick Bridgit's Village Project
(Project #23-6).
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 5th day of July, A.D., 2023.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
ATTEST: dettto jele4;(1
Weld County Clerk to the Board
ounty At .rney
Date of signature: 07/11/13
EXCUSED
Mik$.FI-eernan, Chair
Perry . Buck,, ro-Tem
Sc tt K. James
CC: CDBG(PR/ct)
o7/20/23
2023-1857
FI0078
BOARD OF COUNTY COMMISSIONERS
PASS -AROUND REVIEW
PASS -AROUND TITLE: 2023 CDBG Funding Award — Frederick Brigit's Village Project
DEPARTMENT: CDBG DATE: 6-12-23
PERSON REQUESTING: Elizabeth Relford & Cynthia Martin
Brief description of the problem/issue:
The Weld County CDBG Advisory Committee recommended 5-0 at their June 7, 2023, meeting to recommend
to the Board of County Commissioners the award of $275,000 of remaining 2023 CDBG funding to the Town of
Frederick for their proposed Brigit's Village Project.
Brigit's Village is a proposed 40 -unit new construction apartment complex in Frederick, Colorado. The
Town was recently notified that the project received Low Income Housing Tax Credits (LIHTC) and, with
associated gap funding from local and state sources, will be able to move forward. The proposed
development will be income restricted to households earning between 30% - 70% AMI and will be
Frederick's first affordable housing rental community. The $18.7 million development includes 1, 2 and
3 -bedroom units, amenities for residents (exercise room, meeting room, kitchenette, outdoor play areas
and gardens) and a community room that can be used by the public at no cost. The project will have a
Land Use Restriction Agreement (LURA) that income restricts the property for 40 years.
CDBG funds will be used for a portion of the facility fees for the project to include water dedication fees,
water tap installation fees, non -potable irrigation fees and sewer tap fees. The Town of Frederick will
waive local building fees up to $600,000 and the Weld County Housing Authority has awarded the
project sixteen (16) project -based vouchers.
What options exist for the Board? (include consequences, impacts, costs, etc. of options):
1. Approve awarding $275,000 in CDBG funds to the Town of Frederick for their Brigit's Village Project
2. Deny the award of funds for this project.
3. Schedule a work session.
Recommendation:
Approve awarding $275,000 of 2023 CDBG funding to the Town of Frederick for their Brigit's Village Project.
Approve Schedule
Re rnendation Work Session Other/Comments:
Perry L. Buck, Pro -Tern
Mike Freeman, Chair
Scott K. James
Kevin D. Ross
Lori Saine
2023-1857
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