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Home My WebLink About01/22/2003HOUSING AUTHORITY MEETING January 22, 2003 CITY HALL, LOBBY CONFERENCE ROOM 7:00 P.M. A. Call Meeting to Order B. Roll Call C. Approval of the Minutes: December 11, 2002 D. Officers Reports E. Public Forum F. Unfinished Business G. New Business l. Quail Square Project Summary H. Other 1. Adjournment - to February 26, 2003 CITY OF WHEAT RIDGE HOUSING AUTHORITY Minutes of Meeting December 11, 2002 A. CALL THE MEETING TO ORDER The meeting was called to order by Chair DiTullio at 7:00 p.m., December 11, 2002, in the second floor conference room of the Municipal Building, 7500 West 29th Avenue, Wheat Ridge, Colorado. B. ROLL CALL Authority Members Present: Authority Members Absent: Cheryl Brungazdt Mazy Jo Cavarra Jeny DiTullio Kathryn Fulton Kent Davis Others Present: Alan White, Planning Director Larry Nelson, Cornerstone Realty Betty Maybin, Comerstone Realty Mazcie Emily, Property Manager Ann Lazzeri, Recording Secretary C. APPROVAL OF MINUTES It was moved by Mary Jo Cavarra and seconded by Cheryl Brungardt to approve the minutes of August 28, 2002. The motion passed unanimously. D. OFFICERS REPORTS There were no officer reports. E. PUBLIC FORUM There were none present to address the Authority. F. UNFINISHED BUSINESS There was no unfinished business to come before the Authority. G. NEW BUSINESS 1. Adoption of 2003 Budeet - Alan White reviewed the proposed 2003 budget for the Housing Authority. It was moved by Kathryn Fulton and seconded by Mary Jo Cavarra to adopt the 2003 Housing Authority budget as presented. The motion passed 4-0. uthority Page 1 11, 2002 2. Approval of Eneagement Letter - 2002 Audit_ - Alan White presented an engagement letter with the audit firm of Swanhorst & Cutler to complete the audit for the Housing Authority. In addition to doing the City's audit, this firm audits the Jefferson County Housing Authority. It was moved by Cheryl Brungardt and seconded by Mary Jo Cavarra to approve the engagement letter with Swanhorst & Cutler to perform the 2002 audit for the Wheat Ridge Housing Authority. The motion passed 4-0. 3. Cancellation of December 25tn It was moved by Kathryn Fulton and seconded by Mary Jo Cavarra to cancel the December 25, 2002 Housing Authority meeting. The motion passed 4-0. H. OTHER ■ Jerry DiTullio introduced Marcie Emily who was selected to provide property management services for the Quail Squaze project. She will assume her duties after the tenth unit is closed which should happen on December 20, 2002: • A 12-unit property has become available for sale at 36"' and Eaton. Housing Authority members will tour this property some time in January. It was suggested that the Quail Squaze construction manager also be invited to go on the tour. • There was a consensus to have a meeting in January to analyze all aspects of the Quail Square project to determine what worked, what could be improved, etc. This would be helpful in future projects. ■ Alan White reported that the rental unit at the Richards Hart estate is vacant. 1. ADJOURNMENT The meeting was adjourned to January 22, 2003 at 7:54 p.m. Jerry DiTullio, Chair Housing Authority December 11, 2002 Ann Lazzeri, Secretary Page 2 City of Wheat Ridge of '""Eqr~ > , Community Development Department ~ ° Memorandum ~o~oRAO~ TO: Housing Authority Members FROM: Alan White, Community Development Director (YW SUBJECT: Quail Square Project DATE: Januazy 17, 2003 Attached is the information requested conceming the costs of acquiring and rehabilitating the Quail Square condominiums. H U W li O cc a W Q ~ Q cn J Q D d °o°o°o°o°or~ N w ~ n O O O N O V N m tC L-5 N O O O a~0 ~ N~ ~ ~ ~ W Lr) O O N M - N0 (O 01 Lr) a ~ ~ O V 7 N V ~ -zr V' 00 V) 63 E9 V3 fA 6c3 V3 Efl i9 EA d3 rn ~ ~ r o n o 1~~o m o rn m Lfi m~ ui o ui r N N O f1 M ~ 1 N O r Il: C0 N~ 17 N M ~ N r V3 V3fA VY fA (A E9 II II II c C c II C 11 C II C II C 7 Z) D D D 7 N N a) a) d m N EL a d n. a a a N ~ M O ~ l 0 r cv v c+i o 00 V N ~ M W M f- 07 Oi N N V ~ 'IT N Ir D ( 12 V) Vj fA 69 V) y ❑ 2 ~ r ~ ~ o LL Z ~ O Q O 0 X ~ ~ Q ~ W LL N = N Z D W ~ o a cc co _ ~ a ~ 0 .0 m ~ a Z ~ O - Q F N O C U~ U C\j ~ m ~ 0 m ? OC o c ~ ro ~ o cc a) V) J N ~ Vo 5 C.7 U(n NM J ' d j C O ~ p~ Q ? O Q Z a OC i~ U (n y:-II ~ W p y Z N Q N r:5[[ C Q W y U C F O n ~ 0 0 U ~ U M O O M io 0 o io ai ui ao 0 7 Ch OD N ~O V c0 W M d I N N fR H3 V-J VT 0 m N m ~ 0 .t. d m 0 N N a a ~ ~ o > > (A N ~ C (n o E O N d N E ~ 0 ~n a O ° O m = ~a c7 a 2 0 2 C d a a ~ U Z Quail Square Project Rehab Costs EXPENSES: LOAN: Vectra Bank $238,294.13 CONTRACTS: C4i Design High Endeavor (Bid #1) Icem (Bid #2) Piker (Bid #3) Black Roofing (Bid #4) Icem (Bid #5) MISC. EXPENSES: Jeffco (Construction materials) Blue Sky P & H CCIP&H Hi-Tech P & C Franklin Landscaping PROJECT TOTAL: UNIT TOTAL: PURCHASE PRICE: PER UNIT: $35,678.00 $90,962.00 $12,809.00 $47,600.00 $23,936.80 $169,377.80 $10,894.78 $9,702.00 $23,008.00 $230.00 $13,290.00 $675,782.51 $48,270.18 $1, 263, 581.12 $90,255.79 $48,270.18 $90,255.79 ESTIMATED REVENUE: $1,642,900.00 PER UNIT: $117,350.00 $138,525.97 ($21,175.97) LOSS pTGE 4 W H E A T & 1 D G E T R A N S C R I P T THURSDAY. JANUARY 2, 20 Wheat Ridge Housing Authoriiy finishes first project in 2002 Contiwrd from Pagc 1 sion waz dcarcd up. The diunc[ repormd 6ur the mmera did,in - room w decer ~andalism. deed, film ihe Iockcr room larc at Ac frst, P:ncpal Pot Harrison nighE and was hlddrn behlnd a yid du: amcra was nevcr Glming, s ons page mped w a window In ~ md Athletic Dirccwr Nick Phyr d education ofCice. The ditentt a¢d61lKd IhC CrtUR rasco DeSimone derssed [ha a camen wy cven in che lacker room. Emec IO M'`a'9mmuniation. ihe Wheat ftidge Policc' B.Iddresaing lwusing oeparo„cm. Ww<n.sam d. xnoni proykms resourcc oQkcr was mld Ihe cam- era Was fdming and rven imesti- !n an eQon m curb an epidem- gazed but fovnd that iE did noi i<o[absemm6ndlor3sandaum brea& any 6ws. mv rcnul propertiu, Lhe ciry de' Attcr a meeting beEwern the cided w get inm the housing busi- whuoladministeuionanddedu- ness. The Whcat Ridge Housing cnc, adminiarman, all the mn(u- Authonry waz esabiished in eady `Cl22I C•I'C21( COIDIIIOIIS IS 3 -perfect fit for me. I can walk to'what I need, eat when and w6ere. I want and socialize when I chooBe, as well. All of this and mmakes the ease and sewnty living out the rest af my life her the absolute best way to go! -Jce E. F7ertch Cfear Creek Commons Restdent VISTT OitK LEASING OFFICE TODAY! ' gpq i3th 3treet, Golden, CO Moudsy-Friday 9-5, SaturdaySuoday 104 303-278-1523 2001 . In O<wber ot LUUI, u bought an l lunit mwn hume complcx [or S126 miillon and spent (our mon~hs and Sb5J,J00 pp%,e righ[, a sign poste0 at [ remodeling Lhe bmiding. At pohn[ial0uyere.AOOVeIeh.Yic yl2>,000, sakswere slow a1 Cvsc unperconstruction Hemt Cmrer But by thc end o( Ihis yar. 12 0( Cen[er in F<Druary. the units werc spokm for. Each unii wu rehabiliuttd wit4 new 9, ~m~p appliar¢cs. carpct paint, air con- di~wning, windows and doors. Exemla For nearly a year, p The unia also reai~ed new pn,a- Lu[hcran bledical Cencer looked cy fencing amund Lhe pstios and morc likc a m~[ruaion zim than swrege sheds. a hospltal, u Lhe ncw heart ancer The gmunds alw were recondi- ~s added onm thc building. The tronedwithmvtrees.gr+ss.spnn- 25000.square-foio8f3million klas,parkingspoaandsidcwniks~ exparssion to the Mspital's thrtd M1¢ Qual $puxe carqlex seeks ki FigMmaner leads a[our o( [h at Esemp(a LulM1eran MeOical 14wr is a ortoFa-Itind fa511ry ollen carduc cart txhnobgy semcu. Thc hean ce,uer sav frn patirnn Aug. 12. ihc ne,, ~ .r morc flun doubled the sae amount o( cardiac services hospinicsn provide. Dunngi scruaion. a h zn was lit in II Sre WOND ItECORD. Paw Slate for hfe.~ Foryoucltfeinuc+nce~ M!'d9~ EC! IIIC LIfO Laey, A9aut ; 601 16ih Skad UrW B..;. ~ Goldan, CO 303.777-0767 nma a satewvr . miRn Pemba, ev.. \