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ORIGINAL
CITY OF WHEAT RIDGE HOUSING AUTHORITY
Minutes of Meeting
July 28, 2004
A. CALL MEETING TO ORDER
The meeting was called to order at 7:00 p.m. by Acting Chair Kent Davis.
B. ROLL CALL
Authority Members Present: Kent Davis
Kathryn Fulton
Kathy Nuanes
Commissioners Absent: Cheryl Brungardt
Jerry DiTullio
Others Present: Alan White, Community Development Director
Alan Feinstein, Jeffco Housing Authority
Larry Nelson, Cornerstone Realty
Betty Maybin, Cornerstone Realty
Jim Bills, Vectra Bank
Dick Matthews, Accountant
Wendy Swanhorst, Auditor
Ann Lazzeri, Recording Secretary
c. APPROVAL OF MINUTES
It was moved by Kathy Nuanes and seconded by Kathryn Fulton to approve
the minutes of March 24, 2004. The motion passed unanimously.
D. OFFICERS REPORTS
There were no officers reports.
E. PUBLIC FORUM
Roberta Two Elk
9355 West 48th Avenue
Ms. Two Elk appeared to report problems at Caesar Square located at 9555 West
48th Avenue. She was advised that this was not a Wheat Ridge Housing Authority
project and that she should contact the Jefferson County Housing Authority
located at 6025 West 38th Avenue.
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F. UNFINISHED BUSINESS
Dick Matthews presented a financial report on Carnation Square.
G. NEW BUSINESS
Presentation and Acceptance of Audit
Wendy Swanhorst reviewed a draft of the [mancial audit for the Wheat Ridge
Housing Authority as of December 31, 2003.
It was moved by Kent Davis and seconded by Kathryn Nuanes to accept the
audit subject to fine tuning after review by Dick Matthews. The motion
passed 3-0.
Update on Carnation Square Project
Larry Nelson reported that one unit remains to be sold at Carnation Square. He
believed the sales success was due to the quality and the price ofthe homes.
Manae:ement of Carnation Square
There was discussion regarding a manager for the Carnation Square project.
There was consensus that Marcie Emily, present manager for the Authority's first
project, would be suitable for the position since she is willing to take on small
projects. Larry Nelson reported that he has contacted many management
companies who feel this development is too small.
It was moved by Kathy Nuanes and seconded by Kathryn Fulton to retain
Marcie Emily to perform management duties for Carnation Square. The
motion passed 3-0.
Update on 44th and Tabor Project
Larry Nelson reported that negotiations to acquire portions of this property have
come to a standstill. There was a consensus to have Cornerstone Realty make a
final offer to the owners ofthe property.
Future Projects
Larry discussed some other properties that Cornerstone Realty is looking at for
another Housing Authority project. Arrangements will be made for Authority
members to tour these properties.
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Duplex at Richards Hart Estate
Alan White reported that recent maintenance costs have been incurred for the
duplex on the Richards Hart Estate. The Housing Authority is responsible for
managing this property.
H. ADJOURNMENT
The meeting was adjourned at 7:50 p.m.
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Kent Davis, Acting Chair
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Ann Lazzeri, Secretar
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