HomeMy WebLinkAbout11/28/2001- ~ HOUSING AUTHORITY
MEETING
November 28, 2001
LOBBY CONFERENCE ROOM
7:00 P.M.
A. Call Meeting to Order
B. Roll Call
C. Approval of the Minutes: October 24, 2001
D. Officers Reports
E. Public Forum
F. Unfinished Business
G. New Business
1. Update on 3747 Quail - Eric Maule, C4i Design
2. Adoption of 2001 Supplemental Budget Appropriation and 2002 Budget
H. Other
1. Adjournment - to January 23, 2002
CITY OF WHEAT RIDGE HOUSING AUTHORITY
Minutes of Meeting
October 24, 2001
A.
B.
C.
D.
E.
F
CALL THE MEETING TO ORDER
The meeting was called to order by Vice Chair CAVARRA at 7:00 pm., October 24, 2001, in
the Lobby Conference Room of the Municipal Building, 7500 West 29th Avenue, Wheat
Ridge, Colorado.
ROLL CALL
Authority Members Present:
Authority Members Absent:
Cheryl Brungazdt
Mary Jo Cavarra
Kent Davis •
Kathryn Fulton (arrived at 7:08 p.m.)
Jerry DiTullio
Others Present: Alan White, Planning Director
Alan Feinstein, Jefferson County Housing Authority
Larry Nelson, Cornerstone Realty
Betty Maybin, Cornerstone Realty
Bob Olson, The Chronicle
Ann Lazzeri, Secretary
APPROVAL OF MINUTES
It was moved by Kent Davis and seconded by Cheryl Brungardt to approve the minutes
of October 3, 2001. The morion passed unanimously.
OFFICERS REPORTS
There were no officer reports.
PUBLIC FORUM
There were none present to address the Authority.
UNFINISHED BUSINESS
1. Condo Declarations/Deed Restrictions
Larry Nelson reported that the Quail Street property has closed. It is now necessary to
draft a disclosure statement for prospective buyers which will include equity shazing,
deed restrictions, owner occupancy restrictions, eta This document should be ready for
Housing Authority Page
October 24, 2001
review at the next Housing Authoriry meeting.
Mr. Nelson requested approval from the Authority to hire a surveyor to prepare a
condominium map. It was moved by Kent Davis and seconded by Cheryl
Brungardt to authorize Larry Nelson to hire an engineer of his choice to prepare a
condominium map. The motion passed 3-0 with Jerry DiTullio and Kathryn
Fulton absent.
(Kathryn Fulton arrived at 7:08 p.m.)
Alan Feinstein provided copies of a letter that was given to current residents at 3747
Quail informing them of plans by the Housing Authority to convert the proper[y to
private ownership.
G. NEW BUSINESS
1. Discussioa of Construction Manager - Alan Feinstein
Alan Feinstein reported that requests for proposals for azchitectural management
services have been sent to seven contractors. Responses aze due next Wednesday. He
invited members of the Authority to attend the interviews.
H. OTHER
L Loan/Closiug Status - 3747 Quail
Alan Feinstein reported that three vacancies exist with the potential of a fourth. He
requested discussion regazding the selection process for prospective buyers once the
units aze ready to sell.
. Priority should be given to current residents.
. Priority should be given to Wheat Ridge residents.
. Size of family should be considered. It will be necessazy to consult the attorney
regarding the Fau Housing Act as it relates to family size.
. A lottery should be conducted for all eligible buyers.
1. ADJOURNMENT
The meeting was adjourned to November 28, 2001 at 7:32 p.m.
Jerry DiTullio, Chair
Housing Authority
October 24, 2001
Ann Lazzeri, Secretary
Page 2
WHEAT RIDGE HOUSING AUTHORITY FUND
Budget2001
Rev 2001
Budget2002
''`/ENUE
70-520-0-539
State Grants
$0
$500,000
$0
70-580-00-581
Interest
$0
$4,000
$5,000
70-580-00-588
Misc Income
$0
$102,385
$0
70-580-00-589
Fund Balance Carryover
$0
$0
$156,755
70-580-00-591
Transfer From General Fund
$500,000
$500,000
$0
Rent
$0
$6,000
$15,000
Construction Draw Note
$238,295
$0
Sale of Units
$0
$1,820,000
CDBG
$43,785
Total
$500,000
$1,350,680
$2,040,540
EXPENDITURES
70-106-600-602
Staff Salaries *1
$0
$0
$0
70-106-600-619
Temp Personnel/Non-hourly
$0
$0
$0
70-106-600-620
FICA Expenses
$0
$0
$0
70-106-600-625
Medicare
$0
$0
$0
70-106-600-630
CCOERA
u
$4
~-o
600 Totals
$0
$0
$0
7r-106-650-651
Office Supplies
$250
$250
$250
06-650-653
Postage
$250
$250
$250
tu-106-650-654
Photocopying & Printing
$1,500
$1,500
$1,000
70-106-650-660
Operating Supplies
$254
$354
25
650 Totals
$2,250
$2,250
$1,750
70-106-700-702
Conf. & Meeting Expense
$500
$500
$500
70-106-700-704
Contractual Services
$9,000
$37,210
$15,000
70-106-700-706
Dues, Books, Subscriptions
$500
$500
$500
70-106-700-758
City Reimbursement
$1,715
$1,715
$3,500
70-106-800-760
Utilities
$0
$2,000
$18,000
70-106-700-793
Title Searches
$1,000
$0
$1,000
Marketing
$0
$0
$65,000
Rent
U0
$3,754
5-0
700 Totals
$12,715
$45,675
$103,500
70-106-800-801
PropAcquisition/Rehab
$485,035
$1,144,000
$0
Property Rehab
$0
$0
$182,100
Loan Payments
$0
$0
$238,295
Interest Payments
$2,000
$21,000
800 Totals
$485,035
$1,146,000
$441,395
_
Total Expenditures
$500,000
$1,193,925
$546,645
FUND BALANCE
$0
$156,755
$1,493,895
HA 2002 Budget