The URL can be used to link to this page

Home My WebLink About11/27/2007HOUSING AUTHORITY MEETING November 27, 2007 CITY COUNCIL CHAMBERS 4:00 P.M. A. Call Meeting to Order B. Roll Call C. Approval of the Minutes: October 23, 2007 D. Officers Reports E. Public Forum F. Uufinished Business G. New Business 1. Resolution 01-2007, Presentation & Approval of 2008 Budget - Dick Matthews 2. Certificate of Commissioners 3. Assessiug New Project Ideas - Ryan Stachelski 4. Discussion about 2008 Home Application H. Other 1. Adjournment MINUTES WHEAT RIDGE HOUSING AUTHORITY October 23, 2007 A. CALL MEETING TO ORDER The meeting was called to order by Chair Brungardt at 4:05 p.m. in the City Council Chambers of the Wheat Ridge Municipal Building, 7500 Wadsworth Boulevard, Wheat Ridge, Colorado. B. ROLL CALL Authority members present: Cheryl Brungardt Kent Davis Kathy Nuanes I,ena Rotola Janice Thompson Others present: Sally Payne, Acting Executive Director Larry Nelson, Cornerstone Realty Ann Lazzeri, Secretary C. APPROVAL OF MINUTES: September 25, 2007 It was moved by Kent Davis and seconded by Lena Rotola to approve the minutes of September 25, 2007. The motion passed unanimously. It was moved by Lena Rotola and seconded by Janice Thompson to move agenda item H(1) Updates on closing status for A[lison and 41s` developments to Item F(1) under Un6nished Business. The motion passed unanimously. D. OFFICERS REPORTS There were no officer reports. E. PUBLIC FORUM There was no one present to address the Authority. F. UNFINISHED BUSINESS 1. Updates on closing status for Allison and 4 1 " developments Larry Nelson reported that the Allison Street property is scheduled far closing Friday, October 26, 2007. The current tenant has been given sixty days to vacate. Jefferson County Housing Authority is assisting the tenant Housing Authority Minutes - 1 - October 23, 2007 in finding another rental unit. He may also be eligible to receive financial assisYance far relocation costs. Larry Nelson reported that the 41 s` Avenue property is scheduled for closing on November 14. Afrer these purchases, there remains $37,500 in grant funds. There is also an application pending for an additional $75,000 in grant funds. Kent Davis commented that he would like the Authority to concentrate on duplex or triplex units in the future. These properties would benefit more people. G. NEW BUSINESS 1. Possible candidates for property acquisition Larry Nelson reported that an offer was not made for the West 45"' Place property. The owner would not come down on his price to meet the amount authorized by the Authority and, after a closer look, it was decided that it would not be a suitable property for a Housing Autharity project. • Larry Nelson provided information on a possible Housing Authority project located on Newland Street. It was moved by Lena Rotola and seconded by Janice Thompson to direct Cornerstone Realty to make an offer not to exceed $145,000 for property located at 4380 Newland Street. The motion passed unanimously. • Larry Nelson distributed copies of documentation relating to work completed to address the crawl space issues on the Parfet property. The property should be ready to be placed on the market in three or four weeks. H. OTHER 1. Duplex at Richards-Hart Estate Lena Rotola reported that City Council approved demolition of the Richards-Hart duplex on Chase Street. Housing Authority Minutes - 2- October 23, 2007 I. ADJOURNMENT It was moved by Lena Rotola and seconded by Janice Thompson to cancel the meeting of December 25, 2007. The motion passed unanimously. It was moved by Janice Thompson and seconded by Lena Rotola to adjourn the meeting at 4:40 p.m. The motion passed unanimously. Cheryl Brungardt, Chair Ann Lazzeri, Secretary Housing Authority Minutes - 3- October 23, 2007 WHEAT RIDGE HOUSING AUTAORITY RESOLUTION NO. Ol Series of 2007 TITLF.: A RESOLUTION ENACTING A BUDGET AND APPROPRIATION FOR TAE YEAR 2008 WHEREAS, C.R.S. 29-1-103 (1) of the Loca] Government Budget Law of Colorado requires certain local governmental entities to prepare and adopt an annual budget; and WHEREAS, the City Attomey has opined that the provisions of the Budget Law apply to the Authority; and WHEREAS, notice of adoption of dus 2008 budget and appropria[ion was given by the Housing Authority in compliance with C.R.S. 29-1-106; and WIIEREAS, in compliance with the provisions of the Budget Law regarding notice, objections, and hearing, a public hearing was held on this Budget and Appropriation for 2008 by the Authority on November 27, 2007. THEREFORE, BE IT RESOLVED by the Wheat Ridge Housing Authority as follows: Section 1. The year 2008 budget as shown on Exhibit 1 attached hereto is hereby approved. Section 2. Sources of revenue for the Authority are sales of units rehabilitated by the Authority, Community Development Block Grant funds, and interest eamed. Section 3. Total expenditures of [he Authority do not exceed available revenues and beginning fund balance. Section 4. A cer[ified copy of this resolutiov shall be filed with the Division of Local Government. ADOPTED the day of , 2007. WHEAT RIDGE HOUSING AUTHORITY Chairperson ATTEST: Secretary to the Authority Wheat Ridge Housing Authorlty Proposed Budget zooe un.uaiaa vrooos.e iooe rrolect.a :oo7 20oe 3006 ButlOat 2001 Butlpal Butlpel OrtllnaeylncomYExpensv Inwme SW'S.IaoIUnIK 9T&10 1,I15,000 218,900 1000,000 1$97 800 510Fan1 9M0 10.000 9.000 10000 SWO SJSInlxastlnco. 10.907 1G00 240W SOJO 13000 549'Mlscalleneouslncama 0 500 175 SW 500 Talnllncome 897707 1,Y28,500 2E4075 tA155W 1315,100 Cw^.10( GmQS Soltl 5510eplnnlnpCOSlolUnl6 1010,871 96a,707 5'e5,0l1 4L0,370 1]25,18] 555Pw<Fes.ofUnllc 3]],000 600,W0 735,00 600,000 0 SummiryRahebiIllatlonCOSK 132.038 <CO,WO 00.601 4M'.000 130000 599EntllnpCUStolUnl6 -5350E1 -0W0,000 4R519] ~W.C00 4 TotaICOGS BC4 ,619 96I,]0] 316,415 6W,370 1315,187 GroaProfll 153078 361,]83 6] 680 135.130 99,933 Expwsa 700 SJIInpC.1s 3,020 3535 205 2,597 3,705 ]W BUYer lnunllvac 30663 33,437 0 31,15 12.000 105CIaslnpCOS6 5487 10,006 1.588 5745 10686 710COmmlslans <O.EW 58320 9.883 41365 83.395 ]SOi¢oumInaBLapel 7.075 9000 7 C00 8000 0,000 7636enhChmpas 410 50 1200 50 130o ]]1cIryRUlmEUrsamant 4.1II BWO 5000 6000 5C00 ASCanlwanodMUUnpExpense 143 500 15 5C0 SW 1P' COn4x15av1<ss 1 w0 0 16lOUes,Books85ubacrlptlone; 8G 500 b0 SW SW 803- CntlanlnBfiMelntenenw 3.588 1500 ?WO 2,500 3.500 B61MOmdeownorshssocl.llonOU. 3,999 2W0 3,800 2.C00 3,E00 BO] Inzumnw 5 956 0 1732 0 1 E00 830-Mlscellnnaous 0 350 825OMw5appllss d] 350 0 3W M 832 .p-,epo 33 100 51 100 1W 99.PrInYnpacopla 0 0 0 0 0 8<3 RWelrs 4,E35 1,`AO 8000 1500 1 500 BSJSUpplla 0 250 0 2+0 2w 857 TUCS-RaelEcUb 0 1000 t]5 td00 1W0 BBSiimn Remorel 370 500 4C0 SW 5W BRUtllltls 1333 ?WO ]E00 2,000 3,000 totelEattcnss 110I37 119,438 45,959 107015 118.636 NatDrtllnerylncorm 433E1 143355 20701 34115 43,503 ONxlncomelEma~e OIFx Incomc 150 000 112 ,500 15,000 ]S,OW SNCDBG Orenm . ONw (ERansa) 0 0 1500 0 9.~0 910 INVCSI ExP.sa 0 0 1.500 0 B,WO TolelONrrE>y.ns. NalONerlncomWExpmsa 0 1`A,WO 111 WO 75,000 65,t80 4;JC1 193,355 131,I01 103,115 16,657 Nat lncome 0e0l^^InpFUndBelence 1,001,06] 1,385,110 t,3G5,006 1,185,110 1,377,107 1 265 40f 1,08p65 1,J]],10] 1,G9B,335 1,J9J.1N EnCInOFv^tlBtlan<a , , 11-20-07 EXHIBIT 1