mou outline

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Memorandum of Understanding

Proposed Content and Sequence
Draft outline from 11/17/00 meeting between MHA Business Committee, Thistle and City of Boulder Staff.

Introduction
- Mission statement.
- Partners.
- History.
- Intent.
Project Timeline.
- Transfer of the property from the City to the buyer.
- Based on most optimistic projection from Utilities Department, currently three years.
- Includes phases of Goose Creek construction.
- Transition to AMI structure.
Ownership Structure.
- Model selected (Limited Equity Co-op or Community Land Trust.)
- Management structure.
- Conflict resolution procedures.
- Capacity development and strategy for MHA.
Define Affordability.
- Percent of homes affected.
- Resale restriction or formula.
- Lot fees.
- How restrictions will be structured (i.e. nature of restrictions.)
Infrastructure Improvement Plan.
- Financing.
- Assessment.
- Design and cost.
- Implementation.
Financial Plan for Acquisition and Operations.
- Partners/roles: Thistle, Housing and Human Services, Utilities, grant agencies
- Pricing.
- Capital reserves.
- Operating reserve.
Livability Standards and Set-Backs.
- Spacing of homes.
- Zoning.

Addenda: