HomeMy WebLinkAbout02/24/2009WHEAT RIDGE HOUSING AUTHORITY
MINUTES
February 24, 2009
1. CALL MEETING TO ORDER
The meeting was called to order by Chair Brungardt at 4:00 p.m. in the Ci 6
Council Chambers of the Wheat Ridge Municipal Building, 7500 West 29`
Avenue, Wheat Ridge, Colorado.
2. ROLL CALL
Authority members present: Cheryl Brungardt
Kent Davis
Kathy Nuanes
Lena Rotola
Janice Thompson
Others present: Sally Payne, Deputy Director
Larry Nelson, Cornerstone Realty
Ann Lazzeri, Recording Secretary
3. APPROVAL OF MINUTES: January 27, 2009
It was moved by Kent Davis and seconded by Lena Rotola to approve the
minutes of January 27, 2009 as presented. The motion passed 5-0.
4. OFFICER REPORTS
There were no officer reports.
5. PUBLIC FORUM
There was no one present to address the Authority.
6. NEW BUSINESS
A. Discussion of alternative marketing strategies (Larry Nelson)
Larry Nelson suggested that in order to move the properties, it would be
necessary to reduce the prices on the remaining Allison and Parfet units.
He stated that there is a problem with finding income-eligible people who
are able to afford these units. At the present prices, it would take an
Housing Authority Minutes - 1 - February 24, 2009
income of $43,000 to qualify for the units. If the prices are reduced,
people with reasonable credit and income of $36-38,000 could qualify for
ownership. People with good credit could qualify with incomes as low as
$29-38,000. Further, CHFA cannot sell bonds any more. They have also
suspended their loan program for people with disabilities. He proposed
reducing the price on the remaining Allison units to $195,000 and
$180,000 and employ additional marketing strategies. He also proposed
reducing the price for the Parfet unit to $152,000.
Various marketing strategies were discussed.
It was moved by Janice Thompson and seconded by Kathy Nuanes to
authorize Cornerstone Realty to reduce the price on the Parfet
property to $152,000; and reduce the price on the Allison Court
properties to $195,000 and $180,000. The motion passed 5-0.
B. Status of unspent HOME funds
A memorandum was received from Jacqueline Pickett, MBA Director of
Jefferson County Community Development, requesting the Housing
Authority to return HOME funds in the amount of $112,500 since there
are no plans for use of those funds by the Authority at this time.
Members of the Authority were in agreement that the funds should be
returned to Jefferson County.
C. Rehab Partner
Sally Payne reported on the results of reference checks on the contractors
who expressed interest in serving as the Authority's construction manager.
It was moved by Kathy Nuanes and seconded by Lena Rotola that the
Housing Authority contract with BRI for a period of one year from
the time a memorandum of understanding is signed. The motion
passed 5-0.
7. UNFINISHED BUSINESS
There was no unfinished business to come before the Authority.
8. OTHER
A. Special Presentation
Chair Brungardt presented the following award to Kent Davis for his eight
years of service on the Housing Authority: In appreciation for all your
Housing Authority Minutes -2- February 24, 2009
years of dedication and service in helping to increase home ownership
opportunities and neighborhood community pride in Wheat Ridge.
9. ADJOURNMENT
It was moved by Lena Rotola and seconded by Kathy Nuanes to adjourn the
meeting at 4:51 p.m. The motion passed 5-0.
Cheryl B ' mgardt, Ch r
Ann Lazzeri, Secreta
Housing Authority Minutes -3 - February 24, 2009