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HomeMy WebLinkAbout03/27/2007 ORIGINAL MINUTES OF MEETING WHEAT RIDGE HOUSING AUTHORITY March 27, 2007 5:00 p.m. A. CALL THE MEETING TO ORDER The meeting was called to order by Chair Brungardt at 5:00 p.m. B. ROLL CALL OF MEMBERS Authority members present: Cheryl Brungardt Kent Davis (left meeting at 5:45 p.m.) Lena Rotola Janice Thompson Authority members absent: Kathy Nuanes Also attending: Wendy Swanhorst, Swanhorst & Company LLC Brita Fisher, Colorado Housing Investment Fund Coalition Henry Wehrdt, Construction Manager Larry Nelson, Cornerstone Realty Betty Maybin, Cornerstone Realty Ann Lazzeri, Recording Secretary c. APPROVAL OF MINUTES: February 27, 2007 It was moved by Kent Davis and seconded by Janice Thompson to approve the minutes of February 27, 2007 as presented. The motion passed unanimously. D. OFFICER REPORTS There were no officer reports. E. PUBLIC FORUM There were no members ofthe public to address the Authority at this time. F. UNFINISHED BUSINESS . Larry Nelson reported that there has been more interest in Parkside since the price was reduced. . An open house will be held on the 3884-94 property on Thursday, March 29 at 1 :00 p.m. First Bank has agreed to provide refreshments for the open house. HOUSING AUTHORITY March 27,2007 - 1 - . Larry Nelson reported that the offer was rejected for property on 46th Place. . Chair Brungardt asked if there were any suggestions for topics for a possible Housing Authority training session. It was decided to table this matter for future discussion. G. NEW BUSINESS 1. Presentation and Acceptance of Audit - Swanhorst & Company LLC Wendy Swanhorst presented the audit. She stated it was a clean audit with no problems. It was moved by Kent Davis and seconded by Lena Rotola to accept the audit of the Housing Authority for the year ended December 31, 2006 as presented. The motion carried 4-0. 2. Election of Officers It was moved by Kent Davis and seconded by Lena Rotola that Cheryl Brungardt continue to serve as Chair of the Housing Authority. The motion carried 4-0. It was moved by Kent Davis and seconded by Lena Rotola that Janice Thompson serve as Vice Chair of the Housing Authority. The motion carried 4-0. 3. Report on New Property Larry Nelson reported there is another duplex for sale across the street from the recently completed Housing Authority project on Parfet. The units are presently occupied on a month-to-month rental basis. Remodeling costs should be approximate to the other Parfet property. Following a brief discussion, it was moved by Kent Davis and seconded by Janice Thompson that Cornerstone be directed to place an offer on the Parfet property not to exceed $225,000. Motion carried 4-0. . Richards Hart Estate duplex property. There was discussion about possible remodeling ofthe duplex on the Richards Hart Estate. Various funding options were discussed. Direction was given to Henry Wehrdt to obtain some bids and report back to the Authority with an estimate for remodeling costs. HOUSING AUTHORITY March 27,2007 - 2 - H. OTHER 1. Housing Trust Fund Presentation Chair Brungardt introduced Brita Fisher from the Colorado Housing Investment Fund Coalition. She presented an overview of the Colorado Housing Investment Fund Coalition which is focused on establishing a statewide housing investment fund with a dedicated and dependable source of public revenue for the creation and preservation of affordable housing throughout Colorado. Friends of the Coalition such as other Colorado housing authorities, municipalities and NAHRO make contributions to the Coalition. She explained the various ways individuals, corporations, municipalities, housing authorities and other entities can participate. A matching gift grant is in place so that any contribution is doubled. It was moved by Lena Rotola and seconded by Janice Thompson that the Wheat Ridge Housing Authority join Colorado Housing Investment Fund Coalition in an amount of $250.00. The motion carried 4-0. 2. Alan White mentioned that the city has a private activity bond fund that is usually given to the Metro Mayor's Caucus for low income housing. Those funds were given to CHF A this year. The Housing Authority will encourage City Council to place those funds with the Colorado Housing Investment Fund Coalition next year so that Wheat Ridge citizens would be eligible for that assistance. I. ADJOURNMENT The meeting was adjourned at 6:15 p.m. The next meeting will be held Tuesday, April 24, 2007. Cl c /1 ~ /...- ./' / ~ ,. .~ I i.AA-- Ann Lazzeri, Recordmg S cretary HOUSING AUTHORITY March 27, 2007 - 3 -