HomeMy WebLinkAbout08/08/2006
MINUTES OF SPECIAL MEETING
WHEAT RIDGE HOUSING AUTHORITY
August 8, 2006
5:00 p.m.
ORIGINAL
A. CALL THE MEETING TO ORDER
A special meeting of the Wheat Ridge Housing Authority was called to order by
Chair Brungardt at 5:00 p.m. in the lobby conference room of the Municipal
Building, 7500 West 29th Avenue, Wheat Ridge, Colorado.
B. ROLL CALL OF MEMBERS
Authority members present: Cheryl Brungardt
Kent Davis
Kathy Nuanes
Janice Thompson
Connnissioners absent: Terry Womble
Also attending: Alan White, Connnunity Development Director
Henry Wehrdt, Project Manager
Larry Nelson, Cornerstone Realty
Ann Lazzeri, Recording Secretary
C. NEWBUSINESS
Purchase of Property at 6095 West 29th Avenue - A special meeting was
convened to consider the purchase of two tri-plexes at 6095 West 29th Avenue.
The Authority was in favor of using the property for senior and/or handicapped
housing.
Larry Nelson reviewed details about the property. A portion of the funds could be
borrowed from First Bank at a 7% interest rate. Income from the sale of
remaining units at Quail and Parfet would be available toward the purchase.
There is also the possibility of using a $150,000 grant toward the purchase.
Henry Wehrdt reported that he had prepared the grant application. He informed
the Authority that some federal regulations would apply if grant money is used for
this project. For example, the Uniform Relocation Act requires that present
tenants be reimbursed for relocation costs or reimbursed for rent payments for a
period as long as 42 months.
HOUSING AUTHORITY
August 8, 2006
- 1 -
It was moved by Kathy Nuanes and seconded by Kent Davis that
Cornerstone Realty be given authority to make an offer to purchase property
at 6095 West 29th Avenue in the amount of $650,000 with a cap of $700,000.
The motion carried 4-0.
D. OTHER
There was no other business to corne before the Authority.
E. ADJOURNMENT
The meeting was adjourned at 5 :50 p.m.
C~~
~ yJ .
~ c1~~/
Ann Lazzeri, Recordm ecretary
HOUSING AUTHORITY
August 8, 2006
-2-