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16 the hallway of the school and in the fibrary, and who wondered if there was a school poficy regarding this type of display. Upon receiving those calls, I went to the school to see what was actually there, made a photograph of it, and then, since this was a poficy- related question, inquired of central school administration what poficy, if any, there was concerning this type of display in a Charlottesville pubfic school. I also contacted the School Board to receive a response to the situation, which I could then pass along to the concerned constituents. I never demanded that anything be done concerning the school display. Thus, essentially all the statements made by the citizen about what I did were false. The reason that I did not respond to the speaker on November 15 is that City Council has a poficy guidefine, which precludes me from doing so." RESOLUTION: LAND-LEASE PILOT PROGRAM Mr. Schilling said he would like to hear from staff about the pluses and minuses of supporting the Land-Lease Pilot Program, and said it may or may not make sense at this time. Mr. Caravati said the resolution is merely showing support for the agency, and is not committing the City to anything. Mr. Caravati made a motion to approve the resolution and Mr. Lynch seconded the motion. Ms. Hamilton said that Council has just been chastised about gentrification and this is a method to address that. The Resolution supporting the Land-Lease Pilot Program was approved by the following vote. Ayes: Dr. Brown, Mr. Caravati, Ms. Hamilton, Mr. Lynch. Noes: Mr. Schilling. WHEREAS, the Charlottesville City Council recognizes the positive impacts of supporting affordable home ownership opportunities for its citizens and employees as it relates to neighborhood revitalization, neighborhood stabilization, community financial literacy, and community net asset growth; and WHEREAS, the City Council recognizes the City housing market as it relates to owner occupied housing has shifted dramatically from a stable housing market just a few years ago to a rapid appreciating market over the last 24 months; and WHEREAS, the City has consistently invested City funds in an effort to support affordable housing development with the intent to produce or preserve affordable housing in strategic areas of the City; and WHEREAS, the City Council recognizes that individual units targeted as "affordable" as part of any specific project or development may be lost as "affordable" over time due to market conditions and capital gains opportunities; and WHEREAS, the City Council recognizes there are proven legal techniques restricting capital gains, etc. on the future sales of targeted affordable units, but also understands that the use of land-leases in connection with such targeted affordable units can be used as a means for keeping the targeted affordable units affordable into perpetuity, and therefore BE IT RESOLVED, the Charlottesville City Council requests the Virginia Housing and Development Authority Executive Director, Susan Dewey, to consider establishing a pilot program utilizing land-leases along with its below-market financing as a means of providing single family home ownership opportunities for Charlottesville citizens or employees as it relates to targeted "affordable units" in Charlottesville, Virginia during the calendar year 2005. Ms. Hamilton said that given the concern expressed at Council meetings and through telephone calls about the University' s charter initiative, she feels it is time to educate ourselves about the issue and discuss what our stance is.