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13 <br /> <br /> Ms. Toni Ostrowski representing Housing Virginia, a nonprofit group with <br />representatives from realtors, lending institutions and local and statement government <br />who desire to educate the public about affordable communities, said the group plans to <br />pilot their program in the Charlottesville area because of the momentum occurring here. <br />She said this will complement the community's efforts. <br /> <br /> Mr. Caravati asked about funding of Housing Virginia, and Ms. Ostrowski said <br />that most board members have contributed financially. <br /> <br /> It w as agreed that a work session will be held with the new Council on the <br />Housing Policy Task Force report. <br /> <br />RESOLUTION <br />: AUTHORIZING AGREEMENT WITH CIDA RE: <br />AMPHITHEATER <br /> <br /> Mr. O'Connell said that the amphitheater project is one of the most exciting things <br />t o happen in the City and will bring people downtown and will provide an enhanced <br />pedestrian space. Mr. O'Connell noted that Council approved the lease with the <br />Charlottesville Industrial Development Authority in December of 2003. <br /> <br /> Mr. Aubrey Watts, Chief Operating Official for the City, presented the term sheet <br />and detailed legal documents, noting that most are between CIDA and the operator of the <br />amphitheater. Mr. Watts said that the desire is to begin construction in October. Mr. <br />Watts said that Mr. C apshaw has made it very clear that a Fridays After Five type event <br />will continue. <br /> <br /> Mr. Lynch said staff have done a great job and he appreciates it. He said his <br />conditions have been met and it is a high quality project and will be done predominantly <br />by a private investor. <br /> <br /> Ms. Richards said that without the City's strategic investment fund this project <br />would not be possible, and said it will be a benefit to the City. <br /> <br /> Responding to a question from Mr. Caravati, Mr. Watts said that this project will <br />gene rate $150,000 to $200,000 in new revenue to the City's general fund. <br /> <br /> Mr. Cox said that the renovated amphitheater will provide another level of <br />entertainment that Charlottesville has not experienced. <br /> <br /> Mr. Watts said that the roof brings a level of stabi lity to the revenue and will be <br />an additional amenity. <br /> <br /> Ms. Richards said this is an outstanding and unique opportunity for the City, and a <br />lesson in vision and preparation made possible by putting funds aside. <br /> <br /> Ms. Richards made a motion to approve the resolution and Mr. Lynch seconded <br />the motion. <br /> <br /> Mr. Schilling said he appreciates the tremendous amount of work and feels it is an <br />exciting project that is also visually exciting. He said when Council originally discussed <br />the project in closed session he raised practical issues such as noise and hours of <br />operation and he remains concerned about these and feels that there is no effective way, <br />in place to address them. He also expressed concern about parking for the 3,400 people, <br />a good number of whom will be from out of town. He said he is not sure where they are <br />th <br />going to go and how we are going to handle it, particularly with the closing of 7 Street. <br />He said he is uncomfortable going forward with these unresolved issues. He said he has <br />a hard time j ustifying putting money into the strategic investment fund when citizens <br />have questioned having this multi - million dollar fund in light of recent tax and fee <br />increases. He said that while the project has a lot of upside, he will not be able to support <br />it. <br /> <br />