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Home My WebLink About02/24/2009VVraAA WHEAT RIDGE HOUSING AUTHORITY AGENDA February 24, 2009 CITY COUNCIL CHAMBERS 4:00 P.M. Individuals with disabilities are encouraged to participate in al/public meetings sponsored by the City of Wheat Ridge. Call Heather Geyer, Public Information Officer at 303-235-2826 at least one week in advance ofa meeting ifyou are interested in participating and need inclusion assistance. A. Call Meeting to Order B. Roll Call C. Approval of the Minutes: January 27, 2009 D. Officers Reports E. Public Forum F. New Business 1. Discussion of alternative marketing strategies (Larry Nelson) 2. Status of unspent HOME funds 3. Rehab Partner G. Unfinished Business 1. Other 1. Special Presentation J. Adjournment WHEAT RIDGE HOUSING AUTHORITY MINUTES January 27, 2009 CALL MEETING TO ORDER The meeting was called to order by Chair Council Chambers of the Wheat Ridge M Avenue, Wheat Ridge, Colorado. 2. ROLL CALL Authority members present: Kathy Lenal Others present: p.m. in the City 7500 West 291h r Aayne Deputy Director y NeS 'Cornerstone Realty y May n, Cornerstone Realty Johnstone, Community Development an Stachelski, Economic Development Specialist Francisco Reina, Citizen Denise Balkas, Wheat Ridge 2020 Britta Fisher, Wheat Ridge 2020 Wayne Hughes, H&F Associates Ann Lazzeri, Recording Secretary MINUTES: November 25 and December 9, 2008 It was moved by Kent Davis and seconded by Lena Rotola to approve the minutes of November 25, 2008 as presented. The motion passed 4-0 with Janice Thompson abstaining. It was moved by Lena Rotola and seconded by Janice Thompson to approve the minutes of December 9, 2008 as presented. The motion passed 3-0 with Kent Davis and Kathy Nuanes abstaining. Housing Authority Minutes - 1 - January 27, 2009 4. OFFICER REPORTS There were no officer reports. 5. PUBLIC FORUM There was no one present to address the Authority. 6. NEW BUSINESS A. Rehab Partner Discussion and Selection The following people have expressed interest in wig with the Housing Authority as construction manager for Authority projects: • Wheat Ridge 2020 - Denise Ba. directors of Wheat Ridge 2020 the organization's qualification capacity for the Housing Aut3ox Housing Authority program cod portfolio and administrative and homes and marketing them for r interim co- an overview of serve in id into WR2020-7"s current capacity for renovating Brita Fisher stated th the home investment three Years and 4% n can also p~ financing through h_rch,provides 0% interest loans for ears fophrough ten for homeowners to their properties. WR2020 is regarding housing rehabilitation. n management on an hourly basis to period followed the presentation. Wayne IuEhes ; Klr. Hughes presented background and quahficati3ns of his company, H&F Services. He has been in the construction business for over thirteen years and has worked with all the met housing authorities. He is now moving into the areas of nera -contracting and consulting. He stated he hires subcontractors antes familiar with most subcontractors in the area. He also stated that his wife has the experience to handle grant applications. He is presently working on a project with Douglas County. A question and answer period followed the presentation. Following the presentations, the Authority discussed the applicants' presentations. Housing Authority Minutes -2- January 27, 2009 Kent Davis expressed concern about conflict of interest issues in partnering with Wheat Ridge 2020. Other members agreed that the Housing Authority should remain a separate entity. Further, Brothers and H&F have more experience with housing authority projects. There was consensus to eliminate WR2020 and make a decision between H&F Associates and Brothers Redevelopment (who presented at the November 25, 2008 Authority meeting). Authority members agreed with Kathy Nuanes' suggestion that a final decision be delayed until results of reference checks on Brothers Redevelopment and H&F Associates are available for the Authority's consideration. B. Authorization to hire Swanhorst and Companyo perform audit It was moved by Kent Davis and sQeondel by Lena Rotola to authorize Swanhorst and Com _anq to perform the an> l Housing Authority audit with a cost no exceed=$5,000. The motion=passel 5-0. C. Resolution 01-2009 Pursuant to legislative amendmeuts to the Colorado Open Meetings Law, Section 24-6-402(2)(c), the Whea e Housing Authority is to designate at its first meehng9f e"eh calencY year a public place for the posting otmoYde~ fox meeting s resolution identifies the lobby of the Munoal But~Y as the designated place fox posting meeting notices. It was moped by Kathy Nuane~ and seconded by Lena Rotola to i- grove Resalnhon O~tiQ2 establishing a designated public place for posting meeting~tntices as required by the Colorado Open Meetings Law. Tamotron passed 5-0. d by Janice Thompson and seconded by Kathy Nuanes 4 Brungardt continue to serve as Chair of the Housing for 2009. The motion passed 5-0. It was moved by Kathy Nuanes and seconded by Lena Rotola that Janice Thompson serve as vice chair of the Housing Authority for 2009. The motion passed 5-0. 7. EXECUTIVE SESSION It was moved by Janice Thompson and seconded by Lena Rotola to move into executive session for the purpose of receiving legal advice to consider Housing Authority Minutes -3 - January 27, 2009 the purchase, acquisition, lease, transfer or sale of real, personal or other property pursuant to C.R.S. Section 24-6-402(4)(a). The motion passed unanimously. Cheryl Brungardt, Housing Authority Kent Davis, Housing Authority Kathy Nuanes, Housing Authority Janice Thompson, Housing Authority, Lena Rotola, Housing Authority Sally Payne, Deputy Director umty DeveToS Ken Johnstone, Comm Ryan Stachelski, Economic Develops Larry Nelson, Comerggpe Realty Betty Maybin, Comer5l Ann Lazzeri, Secretary r to the School District thanking them that the Housing Authority is no longer le School property. g-tated tkat she would notify the County regarding this $75,660 in Home Funds had been granted to the Authority We project. She also mentioned that the Authority still has from a previous project. Larry Nelson suggested that Ms. with the County to see if these funds could be applied to an 9. OTHER • Larry Nelson reported that the Parfet unit suffered water damage due to broken pipe. There will be a $1,000 deductible to pay toward repairs. Total cost of repairs will be approximately $20,000. He has taken this unit off the market for the time being. Housing Authority Minutes -4- January 27, 2009 The regular meeting was adjourned at 5:19 p.m. The executive session was convened at 5:22 p.m. The executive session was adjourned at 5:53 p.m. The regular meeting was reconvened at 5:54 p.m. Those attending the executive session were: • Mr. Nelson also mentioned that he would like to discuss alternative marketing strategies, including price reductions, for remaining properties at the next meeting. 10. ADJOURNMENT It was moved by Kathy Nuanes and seconded by Kent Davis to adjourn the meeting at 6:02 p.m. The motion passed unanimously. Housing Authority Minutes -5- January 27, 2009 Cheryl Brungardt, Chair Ann Lazzen, S Sally Payne From: Jacqueline Pickett Upickett@co.jefferson.co.us] Sent: Thursday, February 12, 2009 3:20 PM To: Sally Payne Cc: Melanie Holzheuer-Guinan Subject: Fruitdale/Summerset Apt. Funding Good Afternoon Sally; Thanks so much for meeting with us last week to discuss strategic directions for WR CDBG funds. As a confirmation, the WRHA has the following HOME balances: PY2007 $37,500 from Summerset Apt. Acquisition PY2008 $75,000 from Fruitdale School Acquisition As I understand, neither project is moving forward and there are no plans for the WRHA at this time. If this is the case, I offer the option for WRHA to send a formal letter returning the $112,500 to Jefferson County; we can reallocate these funds immediately so they are within the 24-month required contract time under HUD regulations. Additionally, as WRHA identifies projects, we can consider the return amount for future funding in a more timely manner; we often have funds returned and could potentially use those funds for future WRHA projects. As you probably know, we cannot allocate additional HOME funds to a previously HOME-funded project until the affordability period is over, so this precludes us from using the outstanding $112,500 on Allison Court or any other WRHA projects. I welcome your thoughts and the decision of the WRHA Thanks, Jacqui Jacqueline Pickett, MBA Director t, e {~r5or. ',r,na u:.e ..;evt'orpyn.¢r.+: iLYt1t(~'„L{~ 44 ~CtY2a' ~0yn.GYr0:r'tiPo~kSfl 100 Jefferson County Parkway, Suite 3520 1 Golden, Colorado 80419 303.271.8372 office 1303.618.3016 cell http://jeffco.us/commdev I jpickettejeffco.us This e-mail and any attachments thereto, is intended only forose by the addressees named heiein and may contain legally privileged and/or cor rfidential information. If you are not the intended recipient o` this e-mail, you are heieby notified that any dissemination. distribution, or copying of this e-mail and any attachments thereto, is strictly prohibited, tf you have received this e- mail in error, please notify me immediately at the e-mail address fisted above and permanently delete the original and any copies of this e-mail and any printout thereof. 2/20/2009 02119109 Wheat Ridge Housing Authority Balance Sheet As of December 31, 2008 Dec 31,'08 ASSETS Current Assets Checking/Savings 113 • 1st Bank - Checking 1,875 120 - 1st Bank - Money Market 477,220 Total Checking/Savings 479,095 Other Current Assets 153 • Parfet Project Inventory 177,072 154 • Allison Project Inventory 464,824 155 • 41st Avenue Project 251,332 157 • Fruitdale Project 22,030 175 • Purchase Earnest Deposit 10 Total Other Current Assets 915,268 Total Current Assets 1,394,363 Other Assets 273 • Note Receivable - Baca 8,567 Total Other Assets 8,567 TOTAL ASSETS 1,402,930 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 300 • Accounts Payable 18,113 Total Accounts Payable 18,113 Total Current Liabilities 18,113 Total Liabilities 18,113 Equity Net Income (70,374) 465 • Fund Balance 1,455,192 Total Equity 1,384,818 TOTAL LIABILITIES & EQUITY 1,402,931 Page 1 of 1