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Home My WebLink About01/25/2011IMZHA WHEAT RIDGE HOUSING AUTHORITY AGENDA January 25, 2011 CITY COUNCIL CHAMBERS 4:00 P.M. Individuals with disabilities are encouraged to participate in all 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 of a meeting ifyou are interested in participating and need inclusion assistance. A. Call Meeting to Order B. Roll Call C. Approval of the Minutes: September 28 & October 12, 2010 D. Officers Reports E. Public Forum F. New Business 1. Resolution 01 -2011, Presentation & Approval of 2011 Budget 2. Resolution 02 -2011, Establishing a designated public place for the posting of meeting notices as required by the Colorado Open Meetings Law 3. Update on JCHA single family home purchase 4. Parfet Street Notice of Claim G. Unfinished Business J. Other K. Adjournment WHEAT RIDGE HOUSING AUTHORITY MINUTES September 28, 2010 1. CALL MEETING TO ORDER The meeting was called to order by Chair Brungardt at 4:00 p.m. in the City Council Chambers of the Wheat Ridge Municipal Building, 7500 West 29` Avenue, Wheat Ridge, Colorado. 2. ROLL CALL Authority members present: Cheryl Brungardt Joseph DeMott Kathy Nuanes Janice Thompson (arrived @ 4:07 p.m.) Katie Vanderveen (arrived @ 4:05 p.m.) Others present: eputy Director Cornerstone Realty (left meeting @ 4:55 p.m.) ry Nelson, Cornerstone Realty left meeting @ 4:55 p.m.) by Field, Recording Secretary 3. AL August 24, 2010 It was moved by the minutes of A 3 -0. 4. OFFICER REPO 5. h DeMott and seconded by Kathy Nuanes to approve 24, 2010 as presented. The motion carried There were no officer reports. PUBLIC FORUM There were no members of the public present to address the Authority. Housing Authority Minutes - 1 - September 28, 2010 6. NEW BUSINESS A. Status of CDBG funds for WRHA - Status of Potential Projects Sally Payne reported that the city is awaiting a final determination from HUD regarding CDBG funds for the 44 and Wadsworth project. The direction now is to use the $350,000 on a project. The funds must be spent by the end of the year. Larry Nelson reported that the market analysis report for the Fruitdale School building will be finalized on October 18, 2010. Sally Payne commented that it would be difficult to spend $350,000 on rehab by the end of the year. Regarding 38 th and High Court, Sally Payne explained that CDBG requires property to be purchased very close to the appraisal amount.; Jhe County has indicated that CDBG funds could be used to purchase the property for the appraised amount with Housing Authority funds used to cover the difference between the agreed -upon sales price and the appraisal amount. There was consensus that no further consideration be given to this property if the "seller stays at his stated price. Larry Nelson reported on the Jefferson County single family homes. He has toured the properties and found them to be good candidates for rehab. They would also meet affordability requirements. He reviewed two scenarios that included possible purchase and sales prices. He mentioned that consideration may be given for a bulk purchase and thought it would be worthwhile to approach JCHA about -a lower purchase price based on intergovernmental cooperation that would preserve the CDBG Funds. Rehab estimates have been received from Eric. CHAC would serve as thepass- through for closing costs. Two properties are in the Zone X floodplain and'insurance costs would be about $300 /year. The possibility of adding square=footage to some homes and/or adapting some for handicapped accessibility was discussed. One important consideration is to keep Sally Payne mentioned that because the units are occupied, the Uniform Relocation Act will apply. However, she didn't think this requirement would be enough to stop the project. She will check with the County to see if Davis Bacon wage requirements apply to this project. It was moved by Janice Thompson and seconded by Katie Vanderveen that the Housing Authority direct Cornerstone Realty to start the process with Jefferson County Housing Authority regarding purchase of the homes located at 3450 Upham, 4330 Yarrow, 4435 Zephyr, 4035 Nelson, 3891 Moore and 7910 West 46 Avenue, Wheat Ridge, Colorado. The motion carried 5 -0. Housing Authority Minutes -2- September 28, 2010 There was consensus to grant Larry Nelson's request for permission to send a letter of intent outlining terms of what the Housing Authority's offer would likely be. 7. S. 9. B. Follow -up from Strategic Planning session Sally Payne asked Authority members to read through the updated goals to ensure they reflect the Authority's wishes. There were no additional comments. The goals will continue as an ongoing item for discussion at future meetings. The tours of Florence Square in Aurora and the L� Authority members were most impressed with the There was discussion about a possible name This matter will be discussed further at the C Sally Payne suggested having a repr speak to the Authority. It would be can assist the Wheat Ridge Housing speaker for the October meeting. )ject were discussed. project. for the Housing Authority. the Division of Housir )w the Division of Hoi Payne will schedule a UNFINISHED BUSINESS There was no unfinished business to discuss. OTHER There was no other business to discuss. ADJOURNMENT: It was moved by Katie Vanderveen and seconded by Joseph Demott to adiourn the meetine at 5:10. nm. The motion carried 5 -0. meeting is scheduled for October 26, 2010. Cheryl Brungardt, Chair Ann Lazzeri, Secretary Housing Authority Minutes -3 - September 28, 2010 WHEAT RIDGE HOUSING AUTHORITY SPECIAL MEETING MINUTES October 12, 2010 1. CALL MEETING TO ORDER The special meeting was called to order by Chair Bi Lobby Conference Room of the Wheat Ridge Muni Avenue, Wheat Ridge, Colorado. at 5:00 p.m. in the .ldine, 7500 West 29 2. ROLL CALL Authority members present: Joseph Kathy 3. Authority members absent: Others present: Sally Payne, Deputy Director Larry Nelson, Cornerstone Realty Britta Fisher, Executive Director Wheat Ridge 2020 Ann Lazzeri, Recording Secretary no officer reports. Q There were no members of the public present to address the Authority. 5. NEW BUSINESS At the last meeting there was discussion regarding $350,000 Housing and Urban Development (HUD) funds that could be spent on projects before the end of the year. Sally Payne informed the Authority of a recent Housing and Urban Development (HUD) decision that Community Development Block Grant (CDBG) funds in the amount of $1,000,000 cannot be spent on the 44 and Housing Authority Minutes - 1 - October 12, 2010 Wadsworth urban renewal project. This means there is now $1,000,000 available to the Housing Authority. However, the funds must be spent by the end of the year. She also explained that there is a very remote possibility that the HUD decision may not be absolutely final. 6. Larry Nelson prepared two pro formas for the Authority's consideration. One addresses the use of $1,000,000 and the other addresses the situation as discussed at the last meeting. The pro formas will be discussed in executive session. EXECUTIVE SESSION It was moved by Katie Vanderveen and s executive session on October 12, 2010 to lease, transfer or sale of real, personal or Colorado Revised Statute 24- 6- 402(4)(x). Those attending the executive session Cheryl Brungardt, Housing Authority Joseph DeMott, Housing Authority Kathy Nuanes, Housing; Authority Katie Vanderveen, E Larry Nelson, Come Sally Payne, Deputy Britta Fisher. Execul 7, FM The regular The executi The Wheat ;d by Joe DeMott to enter into >r the purchase, acquisition, property ; pursuant to notion carried 4 -0. 2020 cutive session at 5:08 p.m. it 5:10 p.m. at 6:07 p.m. reconvened at 6:09 p.m. It was moved by Joe DeMott and seconded by Katie Vanderveen that the Authority direct Larry Nelson to proceed with purchase of seven properties from Jefferson County Housing Authority for the amount discussed in the pro forma. The motion carried 4 -0. OTHER There was no other business to discuss. Housing Authority Minutes -2- October 12, 2010 9. ADJOURNMENT It was moved by Kathy Nuanes and seconded by Katie Vanderveen to adjourn the meeting at 6:12 p.m. Cheryl Brungardt, Chair Ann Lazzeri, Secretary Housing Authority Minutes -3 - October 12, 2010 WHEAT RIDGE HOUSING AUTHORITY RESOLUTION NO. 01 Series of 2011 TITLE: A RESOLUTION ENACTING A BUDGET AND APPROPRIATION FOR THE YEAR 2011 WHEREAS, C.R.S. 29 -1 -103 (1) of the Local Government Budget Law of Colorado requires certain local governmental entities to prepare and adopt an annual budget; and WHEREAS, the City Attorney has opined that the provisions of the Budget Law apply to the Authority; and WHEREAS, notice of adoption of this 2011 budget and appropriation was given by the Housing Authority in compliance with C.R.S. 29 -1 -106; and WHEREAS, 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 2011 by the Authority on January 25, 2011. THEREFORE, BE IT RESOLVED by the Wheat Ridge Housing Authority as follows: Section 1 . The year 2011 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 earned. Section 3 . Total expenditures of the Authority do not exceed available revenues and beginning fund balance. Section 4 . A certified copy of this resolution shall be filed with the Division of Local Government. ADOPTED the day of 1 2011. WHEAT RIDGE HOUSING AUTHORITY Chairperson ATTEST: Secretary to the Authority Exhibit 1 Wheat Ridge Housing Authority 2011 Proposed Budget Ordinary Income /Expense Income 500 • Sale of Units 530 - Rent 535 - Interest Income 540 - NGO Grants 549 • Miscellaneous Income Total Income Cost of Goods Sold 551 - Beginning Cost of Units 555 - Purchase of Units Summary Rehabilitation Costs 599 - Ending Cost of Units Total COGS Gross Profit Expense 700 - Selling Costs 704 - Buyer Incentives 705 - Closing Costs 710 - Commissions 720 - Homeowners Association Capital 750 - Accounting & Legal 762 • Bank Charges 771 - City Reimbursement 775 - Conference & Meeting Expense 787 - Dues, Books & Subscriptions 802 • Gardening & Maintenance 804 • Homeowners Association Dues 807 Insurance 820 - Miscellaneous 825 - Office Supplies 832 - Postage 843 - Repairs 853 - Supplies 865 - Trash Removal 872 - Utilities Total Expense Net Ordinary Income Other Income /Expense Other Income 564 - CDBG Grant Other (Expense) 910• Interest Expense Total Other Expense Net Other Income /Expense Net Income Beginning Fund Balance Ending Fund Balance Unaudited Proposed 2009 Projected 2010 2011 Actual 2010 Budget Budget 520,500 254,635 330,000 160,714 0 0 0 0 8,142 5,783 8,000 6,000 0 5,000 0 0 0 500 0 528,642 265,418 338,500 166,714 745,500 258,900 311,556 0 0 0 0 900,000 101,556 35,731 0 64,286 - 258,900 0 0 - 803,571 588,156 294,631 311,556 160,714 - 59,514 - 29,213 26,944 6,000 950 916 602 578 7,092 6,095 4,496 3,847 3,502 1,508 2,220 952 24,984 12,222 15,840 7,714 200 0 500 8,200 7,700 8,000 8,000 1,251 1,251 1,200 1,200 2,525 4,999 4,000 5,000 209 1,559 1,500 1,500 0 60 100 100 0 0 1,500 0 250 0 0 0 1,988 0 2,000 0 0 0 500 500 10 0 250 250 0 0 100 100 6,191 84 5,000 5,000 0 0 250 250 0 0 500 0 3,470 1,370 3,500 0 60,822 37,764 52,059 34,991 - 120,336 - 66,977 - 25,115 - 28,991 0 0 0 900,000 0 0 0 0 0 0 0 0 0 0 0 900,000 - 120,336 - 66,977 - 25,115 871,009 1,215,059 1,094,723 1,094,723 1,027,746 7094,723 1,027,746 1,069,608 1,898,755 Memorandum TO: Wheat Ridge Housing Authority THROUGH: Sally Payne, Deputy Director, Wheat Ridge Housing Authority FROM: Kathy Field, Administrative Assistant DATE: January 21, 2011 SUBJECT: Resolution Designating a Public Place for the Posting of Notices of Public Meetings Pursuant to legislative amendments to the Colorado Open Meeting Law at Section 24-6 - 402(2)(c), Housing Authority is to annually designate at its first meeting for each calendar year a public place for the posting of notices for meeting. By properly designating a place for posting meeting notices, a public entity will be deemed to have given full and timely notice of any meeting so long as notice thereof was posted as the designated place at least twenty -four hours in advance thereof. Attached is Resolution 02, Series of 2011, which identifies the lobby of the Municipal Building and the City's website as the designated place for posting of meeting notices. Attachment 1. Resolution 02, 2011 WHEAT RIDGE HOUSING AUTHORITY RESOLUTION NO. 02 Series of 2011 TITLE: A RESOLUTION ESTABLISHING A DESIGNATED PUBLIC PLACE FOR THE POSTING OF MEETING NOTICES AS REQUIRED BY THE COLORADO OPEN MEETINGS LAW BE IT RESOLVED BY THE WHEAT RIDGE HOUSING AUTHORITY THAT: Section 1 . The lobby of the Municipal Building and the City's website shall constitute the designated public place for the posting of meeting notices as required by the Colorado Open Meetings Law. The Executive Director or his designee shall be responsible for posting the required notices no later than twenty -four (24) hours prior to the holding of the meeting. All meeting notices shall include specific agenda information, where possible. DATED this day of 1 2011. WHEAT RIDGE HOUSING AUTHORITY Chairperson ATTEST: Secretary to the Authority