The URL can be used to link to this page

Home My WebLink About05/23/2001CITY OF WHEAT RIDGE HOUSING AUTHORITY Minutes of Meeting April 25, 2001 CALL THE MEETING TO ORDER The meeting was called to order by Chair DiTULLI 0 at 7:00 p.m., April 25, 200 1, in the City Council Chambers of the Municipal Building, 7500 West 29th Avenue, Wheat Ridge, Colorado. ROLL CALL Authority Members Present: XT 7 Kathryn Fulton Kent Davisl MEMO= Odarka Figlus, City Council Alan Feinste�h Executive Director of JCHA APPROVE MINUTES The minutes were amended • change the meeting day to Wednesday rather than Thursday. It was moved by Kent Davis and seconded by Kathryn Fulton to approve the minutes as amended. The motion passed unanimously. 4. PUBLIC FORUM There was no one to appear before the Authority. 5. OLD BUSINESS wsmjRlmllln= The evaluation committee made a recommendation to award the bid to Cornerstone Realty based on their experience with housing authority situations similar to those in Wheat Ridge as well as their experience in working with housing agencies such as CHFA, etc. Jerry DiTulho distributed copies of a letter from Selstead Realty and gave time to members to read the letter. It was moved by Kathryn Fulton and seconded by Cheryl Brungardt that Cornerstone Realty be selected to provide services to the Wheat Ridge Housing Authority. The motion passed 4-0. A. Goals Objectives and Re - Authority members discussed goals, vision ,gulations statement, and eligibility requirements for the Housing Authority. Wheat Ridge Housing Authority Page I April 25, 2001 Motion by Kathryn Fulton and second by Kent Davis to use Colorado Springs eligible applicant criteria. Motion passed 4-0. Motion by Cheryl Brungardt and second by Kathryn Fulton to establish a maximum of $10,000 of the applicant's own funds for down payment. Motion failed 2-2. • the amount an applicant has to put down. Motion by Cheryl Brungardt and second by Kent Davis to adopt the Colorado Springs three years limitation on past home ownership. The motion passed 4-0. Market Analysis — Authority members received copies of a market analysis prepared by Kathryn Fulton. Discussion items included: • There will be some administrative costs for recording secretary and attorney's fees, • Should the City be involved in loans? • Should the City work with a fine of credit? • Perhaps the Authority should start with small projects such as a four-plex. Motion by Kent Davis and second by Kathryn Fulton that the Housing Authority request City Council to appropriate an amount of $250,000 in unallocated funds to the Housing Authority and, further, that Alan Feinstein be directed to meet with representatives from banks and the State of Colorado regarding matching funds and/or lines of credit. The motion passed 4-0. Wheat Ridge Housing Authority Page 2 April 25, 2001 A. BI-Laws — Bylaws of the Housing Authority and resolution which created the Authority were distributed to members. ADJOURNMEN — The meeting was adjourned at 9:00 pm. The next meeting will be held on May 23, 2001 at 7:00 p.m. Jerry DiTuflio, Chair Wheat Ridge Housing Authority Page April 25 , 2001 CITT *lF 4�AEAT-.ZIIDGE AOUSING AUTHORITY Minutes of Meeting May 9,2001 & MR. MINIM 104111101"111 •' Its a 2. 3. I I M I I ! Imam Mary Cavarra Kath ryn l Fulton Kent Davis 0 5. IM im Ralph Mancinefli, City Council Alan Feinsteh Executive Director, JCHA 14111 The rnfitutes will� _L1 t jjjjj P OF PUBLIC FORUM There were none present to address the Authority. jjKlalil , . I : 5811wimuggEMIRAIIIJ1110-1 • • 1' 191 A. 2001 Wheat Ridge Housing Autll Budget - Review and approval of the 2001 udget for reconunendation to City Council. There was discussion • the proposed 2001 budget for the Housing Authority. It was moved by Kent Davis and seconded by Mary Cavarra to adopt the 2001 budget of $500,000 for the Wheat Ridge Housing Authority and forward to City Council for approval on Monday, May 14, 2001. The motion passed 5-0. Wheat Ridge Housing Authority Page I May 9, 2001 B. ProlleM Purchase — Review and discussion of potential property available for purchase. is] I 1;N 11#11 *3 Kee I I I li Concern was expressed that the first project should be smaller in scope. Also, there is a need for more information. It was moved by Cheryl Brungardt and seconded by Mary Cavarra that Alan Feinstein contact Cornerstone Realty to research comparables on the 3839 Reed Street property and also look at approximate costs to convert the six duplex units into single family homes. The motion passed 5-0. V r CT A-U PvKmg price o $690,000. It was moved by Mary Cava rra and seconded by Kent Davis that Alan Feinstein contact Cornerstone Realty to research comparable s on the property located at 48' and Harlan and look into an estimate of rehabilitation costs. The motion passed 5-0. Mr. Feinstein will have inforination on both properties at the next regularly scheduled Housing Authority meeting. Wheat Ridge Housing Authority Page 2 May 9, 2001 Wheat Ridge Housing Authoriy Brochure - Mr. Feinstein submitted copies of a draft brochure to Authority members. He would like to receive comments from members as soon as possible in order to finalize the brochure. ADJOURNMENT — It was moved by Kent Davis and seconded by Mary Cavarra to adjourn the meeting at 800 p.m. Jerry DiTullio, Chair Ann Lazzeri, Recording Secretary Wheat Ridge Housing Authority Page May 9, 2001 City of Wheat Ridge Wheat Ridge Housing Authority Memorandum TO: Wheat Ridge Housing Authority SUBJECT: Comps DATE: May 16,2001 Attached are comps on the property located at 3839 Reed Street. They are being forwarded for your information from Alan Feinstein, Executive Director of the Jefferson County Housing Authority. M u MAY. -15'01(TUE) 12:34 JEFFCO HOUSING TEL:303 422 3229 P. 002 Ma W UNIQUE PROPERTIES, NO . 3 c" 7 51 . �A -14 5:18PM 9 P. 36V/05 1,4��Jj * , , ltr_ # / 30 --- f OT3. " I ... ty — ...... Dat4 provided by POC - jrrMRSON COUNTY... ........ Prr Addz*34 ----------------------------------- ASSR um 1-SDP-2000 Rop IRESS:3839 REP-0 ST PIN:690323400091 WHEAT RIDGE Co 80033-064 iAN., ER OCCUPIED*." ----------------- --TAX DISTRICT :3139 --- Owner Address ---------------- - AIL - OWN -RANDY LEE STUB9AT SALE PRICE :255 hIL CO OWN: SALE DATE: :16-S P- -1.993 WN OTIS ST DEED TYPE WARR WHEAT RIDGE CO 90033-6350 RECEPTION NUM:93145370 PRONE NUM: ?REV PRICE :40 PFMV DATE : I-SEP-1992 I Tnfomation ---------------------- SCRED NUM:025441 UB Npa-!E: SUB NUM FGAL: PRO? TYPE ;APT LOT SIZE :23174 NG:69 TWN;3 SZC:23 QTR;SE BLX: LT. ACRES ;0.532 SPO IMP DIST: USD :5112 USE 2 CO CODE E :S212 ENSUE TRACT 059010603 LAT. 39.769990 LONG: - ---- Charac�eristiQs ----------------------- -- ----------- Oc .1950 BED BATH: 0 STYLE UAL CONST STEZL FRM ARAGE TXPE: R0Op COVER: BEAT TYPE hRAGE SQrTz ROOF SOFT : 951*!T SQFT.0 IRMACE : SQFT TOT :5099 BSMT P114 :0 UIT-TINS: BSMT TYPE; Us NAME. TORIES :5 UNITS TOT: 7 TYPE USE:211 BLDGS TOT:2 ---- Taxes / Aa3essxants -------------------------------- TAX YEAR :1999 ENT 14D -$5280 LAND VAL -54200 ANNUAL TAXES :$2215 S -,DG :$21140 RES VAT, 217000 TAXES PAID -.S2215 TEL:303 422 3229 .14.2001-'. 5:18PM UNIQLJE PROPERTIES, LLCfjEE 303N'O* 12-FEB-2001 10-15, MLS DATADASX 4100 INGALLS ST JEFF $169,900 P:RF,.S ST:S AR.J'CC #469957 CITY-WHEAT RI DGZ ZXP;00033 ON: 41CON EV: 120OW PIN:690324301021 6 PSF4.s 107.46 ',OT SIZE-.AVE AST! CA FP: MB:H:13*XIO' I BR:4 BA:2 50; 1681 kM; w FIN: HT :G,FA FR14-14 U V. ryPE!DSF CAR: F 4 AVG UTIL$ LR :12'X13 M -.3 F M 05 9 SWR.'PUB &R.' OR :10 INXFORM: WT$L: PUS LMDRY LOC:11 KIT I VX), 13 1 a : B. !N-R SO: FINISH SOFT: 158X MIRMS: CV, F, V, CA, 5 ALOT HOUSE 4 SMS HFASURED: CA, CF, CL, DG, DS, Z.-., rD, 14C, Rr, WC, NW CST:BR ROOF: ,ISTOR:ED ARMLANO PH:303*507*9333 FAX#:303*989*9444 VOL :1-1 )FFICE; SONRISF, PREFERRED PR PH:303J989-9400 10:01729 13Y:ZA:BO PAGE: 91 31OWTNG Pli:303*399*9930 'qOLD •• M;6 TRMS.-CV, 30-OCT-2000 $169,900 BVYR 8RKR FD :0 ID:01729 PTS ?D:3 0.00 5 0.00 SELLER TYPE:INDIV LOAN AMT$136,000 7.50 SC4 lfkL; NONT F it i! • ME) 12: 35 JEFFCO HOUSING TEL:303 422 3229 P, 005 5 * 1 9pm t UNIQUE PROPERTIM, LLOEE so! RF-s vtjitw TO EXPAND GARAGT. JJOAJAG PAZ jt3- I BUYA BRFR PD; ID: SOLD DOM:15 TRMS*.cvl 30-OCT-2000 $19 000 m oo ,l PTS PQ:3 0, S 0.00 • SELLER TYP2',INDIV LOAN AMT$142,500 t 6.16 sc$ 'soNv ..................... — .............. I ...... ......