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HomeMy WebLinkAbout07/25/2006 ORIGINAL MINUTES OF WHEAT RIDGE HOUSING AUTHORITY July 25, 2006 5:00 p.m. A. CALL THE MEETING TO ORDER The meeting of the Wheat Ridge Housing Authority was called to order by Chair Brungardt at 5:00 p.m. in the council chambers of the Municipal Building, 7500 West 29'h Avenue, Wheat Ridge, Colorado. B. ROLL CALL OF MEMBERS Authority members present: Cheryl Brungardt Kent Davis Kathy Nuanes Janice Thompson Commissioners absent: Terry Womble Also attending: Alan White, Community Development Director Henry Wehrdt, Project Manager Betty Maybin, Cornerstone Realty Larry Nelson, Cornerstone Realty Ann Lazzeri, Recording Secretary c. APPROVAL OF MINUTES - June 27, 2006 Kathy Nuanes offered the following amendments to the minutes of June 27, 2006. Add a paragraph to Item F: "There was consensus of the Authority to contact the two sanitation districts to learn their response to the mayor's letter and to have the city attorney review the alternatives." It was moved by Kathy Nuanes and seconded by Kent Davis to approve the minutes of June 27, 2006 as amended. The motion carried 3-0 with Janice Thompson abstaining. D. OFFICER'S REPORTS There were no officer's reports. E. PUBLIC FORUM There was no one to address the Authority. HOUSING AUTHORITY July 25, 2006 - 1 - F. UNFINISHED BUSINESS Alan White reported that David Firmin contacted the water and sanitation districts and they agreed to use combined meters so additional tap fees will not be required for the duplex property. The city attorney also advised that there would be no liability to the Housing Authority if the duplex remained in the ownership of the Housing Authority. Larry Nelson commented that this would not be an issue because there will not be a ground lease. Larry Nelson commended David Firmin for his work with the sanitation districts. The agreement between the condominium association, water board and sewer board will provide that if the condominium is ever abandoned, the owners would then have to pay for a water and sewer tap. As long as the units are governed by a homeowners association, there will be no need to buy water and sewer taps. This will set a precedent for future projects. G. NEW BUSINESS . Approval of Fee Al!reement with David Firmin The subject agreement would provide for a $1,750 fixed fee for work on the duplex project at 3884-94 Parfet Street and would require a deposit of$I,OOO. At the request of Kathy Nuanes, Cheryl Brungardt explained that David Firmin was hired because of his expertise with affordable housing and homeowner associations. Kent Davis inquired about the role of the city attorney with the Housing Authority. Alan White explained that the city attorney is responsible for reviewing matters such as bylaws and adoption of budget. David Firmin works strictly on documents that must be filed for Housing Authority projects such as condo plats. Kathy Nuanes asked what fees were charged by David Firman for other Housing Authority projects. Larry Nelson replied that fees for other projects were $1,500; however, the additional fee of$250 is due to the additional work with the water and sanitation districts. Moved by Kathy Nuanes and seconded by Janice Thompson to approve the Representation and Fee Agreement and pay the $1,000 retainer fee. The motion carried 4-0. H. OTHER . Housinl! Authority Bank Account HOUSING AUTHORITY July 25, 2006 -2- Alan White discussed the Authority's checking account with Vectra Banle He commented that the Urban Renewal's funds are deposited with First Bank in an interest bearing account. He asked if the Authority would prefer to have the Authority's account transferred to First Bank in order to receive a higher interest rate. Vectra is paying .25% and First Bank is paying 1%. Kent Davis suggested that Alan White contact Vectra Bank to see if they could offer a similar rate. He was in favor of doing business with Wheat Ridge businesses where possible. There was a consensus to direct Alan White to contact both banks regarding interest rates and report back to the Housing Authority at its next meeting. . Budl!et Henry Wehrdt provided copies ofthe Development Budget for the Parfet Street project which he believed was pretty firm and comprehensive. The budget will serve as basis for bidding the project. He reviewed details ofthe budget and commented that certain items could be added or deleted depending on actual conditions when work is started. He also provided photographs of the property. In response to questions from Janice Thompson, Mr. Wehrdt explained that cedar fencing was chosen to provide privacy. The fences will have steel posts and should last for a very long time. Kathy Nuanes asked if homeowners would have the option to choose colors and upgrades. Larry Nelson explained that previous strategy has been to pick the colors and make the units look as good as possible. Staging has a dramatic impact on marketability. In response to a question from Janice Thompson, Henry Wehrdt explained that the water beneath the house is drying out. Cheryl Brungardt mentioned that the Habitat store has new mini blinds for $5.00 but she was not sure whether they were aluminum or plastic. Cheryl Brungardt asked if the Jefferson County grant could apply to the Parfet project. Henry Wehrdt explained that the grant is for $150,000 and the rehab for this project would not amount to that much. He suggested it might be better to use the grant for acquisition rather than rehab. Kathy Nuanes asked if the grant could have been used for acquisition of the Parfet property. Henry Wehrdt explained that the approval process takes six to eight weeks and based upon a contract and proposal prior to expenditure. HOUSING AUTHORITY July 25, 2006 - 3 - There wasn't time in this case. They will not reimburse for funds already spent. In response to a question from Kathy Nuanes, Henry Wehrdt explained that there was a 2004 grant in the amount of $75,000 that had to be spent before the end 2006. These funds were used for Parkside. Another grant was issued in the amount of$150,000 for use on another project. These funds also need to be spent by the end of 2006. If this money is not spent, the Authority would have to apply for another grant. Cheryl Brungardt asked how realistic it would be for a buyer to wait six or eight weeks in order to use grant money. Larry Nelson replied that it could be possible with a good solid contract to stretch it out that long with inspections, etc. It was moved by Janice Thompson and seconded by Kathy Nuanes to approve the development budget in order to solicit bids for interior and exterior remodeling at 3884 and 3894 Parfet Street in the amount of 97,998.00. The motion carried 4-0. Henry Wehrdt explained that if bids corne in over the budget, those items will corne back to the Authority for approval. . Prospective Properties Larry Nelson presented information on two prospective properties. The first was a property on 39th Avenue. Following discussion, there was a consensus that this property would serve better as a rental property than one for ownership and therefore the Authority decided not to pursue purchase. The second property just came on the market today and consists of two triplexes. Each tri-plex has one one-bedroom unit and two two-bedroom units. Each unit has a garage, double pane windows, newer carpet, new paint, new roof and mostly brick construction. If it is possible to acquire the units for $675,000 the total amount would be $876,000, assuming $15,000 per unit for rehab. All the units are rented at this time. All units are ranches, close to 29th Avenue for transportation, and would work very well as housing for seniors and disabled individuals. In response to a question from Cheryl Brungardt, Larry Nelson stated that the units are not in a flood zone. It was moved by Kent Davis and seconded by Janice Thompson to direct Cornerstone Realty to pursue the project and direct Henry Wehrdt to investigate the availability of grant money for the project. The motion carried 4-0. HOUSING AUTHORITY July 25, 2006 -4- . Cornerstone Report Larry Nelson reported that the unit at Quail Street fell through. There is a prospective buyer for Parkside. He also had a resolution that needed to be signed by the proper individual from the Housing Authority before the title company can issue a title policy for the duplex property. . Meetinl! Time It was moved by Janice Thompson and seconded by Kent Davis to conduct Housing Authority meetings every fourth Tuesday of the month at 5:00 p.m. ~~ ~~ Ann Lazzeri, Recording Secretary HOUSING AUTHORITY July 25, 2006 - 5 -