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HomeMy WebLinkAbout03/27/2002 CITY OF WHEAT RIDGE HOUSING AUTHORITY Minutes of Meeting March 27, 2002 ORIGINAL A. CALL THE MEETING TO ORDER The meeting was called to order by Vice Chair Cavarra at 7:00 p.m., March 27,2002, in the Lobby Conference Room of the Municipal Building, 7500 West 29th Avenue, Wheat Ridge, Colorado. B. ROLL CALL Authority Members Present: Cheryl Brungardt Mary Jo Cavarra Kent Davis Kathryn Fulton Authority Members Absent: Jerry DiTullio Others Present: Alan White, Planning Director Larry Nelson, Cornerstone Realty . Betty Maybin, Cornerstone Realty Jim Bills, Vectra Bank Henry Wehrdt, Jefferson County Housing Authority Dave Firman, Housing Authority Attorney Ann Lazzeri, Recording Secretary c. APPROVAL OF MINUTES It was moved by Kent Davis and seconded by Cheryl Brungardt to approve the minutes of February 27, 2002. The motion passed unanimously. D. OFFICERS REPORTS There were no officer reports. E. PUBLIC FORUM There were none present to address the Authority. F. UNFINISHED BUSINESS There was no unfinished business to come before the Authority. G. NEW BUSINESS 1. Construction Update 3747 Quail Henry Wehrdt, Jefferson County Housing Authority, presented a detailed construction update. Copies ofthe update were provided for members of the Authority. . The fmal contract for doors and windows was signed on March 27. Housing Authority March 27, 2002 Page 1 . The roof will be completed by March 29. . The interior for the first five units is planned to be finished within the 60-day time period. High Endeavors also plans to be finished within the 60-day period. . Thirty-day notices to vacate were mailed to tenants on March 27. . First four units out of five will be completely redone. . There would be an additional $800 per unit cost for new window coverings. . Contracts were based on the model unit costs. . There was discussion regarding allowing flexibility to owners in requesting certain improvements instead of others. . There are four and possibly five tenants who have indicated they wish to purchase a unit. . Henry suggested that the Housing Authority issue two-party checks to the supplier and the subcontractor for materials. The contractor would then reimburse the Housing Authority. This would result in a tax saving to the contractors. Suppliers will be required to sign lien waivers. It is planned to store materials in a secured manner on the site. 2. Update from Cornerstone Realty . Larry Nelson recommended remodeling all of the units at the same time in order to save money. This would also result in a better looking package for sales purposes. . Larry Nelson stated that remodeling costs are estimated to be between $5,600 to $6,200 per unit plus $800 for window coverings. So instead of selling for $125,000, the selling price would be $131,000. This would not apply to those tenants who have initially indicated a desire to purchase--the $125,000 price would apply. . Cheryl Brungardt suggested that there might be some way for those three to five people buying the units at $125,000 have the same amount ofrehabilitation as those selling for $131,000. A point was made that, while the renovation may not be as extensive, the people are purchasing the units at a lower price. . There was discussion as to whether one model unit, four or five units, or all of the units should be done at this time. Kent Davis indicated he was opposed to doing all of the units at once because the exact cost of doing this is not known at this time. It was moved by Kathryn Fulton and seconded by Cheryl Brungardt that permission be given to rehab the interiors offour of the five vacant units at a cost not to exceed $6,700.00. There was discussion regarding the necessity of providing window coverings. There is a need for privacy, especially facing the courtyard, and uniform window coverings would provide a nicer appearance. Kent Davis expressed concern about escalating costs of the rehab project. The motion passed 4-0. Housing Authority March 27, 2002 Page 2 3. Financial Report Alan White reported that there is a balance of $41 ,000 in the Housing Authority checking account and with one more month of rent receipts, the total will be around $48,000. Expenses at this time are about $2,000 per month. Security deposits to be paid to current tenants at time of vacation will come out of this account. G. OTHER Cheryl Brungardt presented information about the National Association of Housing Redevelopment conference. Alan White stated there are funds in the budget if any Authority members wished to attend. Kathryn Fulton and Cheryl Brungardt indicated they would like to attend. Cheryl also advised that grant funds are available to help with registration costs. It was moved by Cheryl Brungardt and seconded by Kent Davis that City join NAHRO for the $60 government agency fee and that a grant application be submitted to NAHRO. The motion passed 4-0. Mary Jo Cavarra announced that one of the topics for the District I, III and IV First Monday meeting will be the Housing Authority. H. ADJOURNMENT It was moved by Kent Davis and seconded by Kathryn Fulton to adjourn the meeting at 8:45 p.m. ~~=- (~6ttdti:~~'7YU; , \ Lazzeri, S etary Housing Authority March 27, 2002 Page 3