HomeMy WebLinkAboutHousing Catalyst - Minutes - 06/27/2002FORT COLLINS HOUSING AUTHORITY BOARD OF COMMISSIONERS
Minutes of the Regular Meeting of the Fort Collins Housing Authority
June 27, 2002
Commissioners Present
Patrick Brady
Lucia Liley
Chip Steiner
Mary Greeley
Kimberly Stenberg
Commissioners Absent
Mike Sollenberger
Staff Present
Julie Brewen
Alan Fluharty
Carol Swartz
Guest
Keith Olson
Mary Glode
I. CALL TO ORDER
Chairperson Patrick Brady called the regular meeting of the Fort Collins Housing Authority to order at
7:40 a.m.
II. CITIZEN INPUT
There was no citizen input.
III. APPROVAL OF MINUTES
The Board reviewed the minutes from the May 23, 2002 regular meeting of the Fort Collins Housing
Authority. Commissioner Steiner made a motion, seconded by Commissioner Liley made a motion to
approve these minutes. The motion was passed unanimously.
IV. OLD BUSINESS
Inclusionary Zoning: Commissioner Brady reviewed City's NEXUS study. The Board discussed the
study in depth. Ms. Brewen informed the board of several focus groups being held on 6/28 to review the
study. The Commissioners noted that there is no local homebuilder attending any of the groups, and they
believe that non -profits should have been mixed in all the sessions instead of having a separate session for
all non -profits. The Commissioner Brady would like Ms. Brewen to communicate to the City on behalf of
the Board requesting the City provide a summary of the groups and how will the information gathered be
used. The Board agreed it is too early to take a stand on this issue. Commissioner Stenberg stated we may
want to send our recommendations to the City based on the results of the focus groups. Commissioner
Liley suggested the Board consider a meeting with all non -profits.
By -Law Revision: After some discussion Commissioner Steiner, seconded by Commissioner Stenberg
made a motion to adopt the revised by-laws addressing conflict of interest which was reviewed and
revised by the City Attorney's office to allow the expertise of Commissioners to be brought to discussions
as much as possible. The motion was passed unanimously.
Sleep Willow: Ms. Brewen and Chairperson Brady updated the Board on Sleepy Willow apartment
acquisition, stating that there was a reduction in the loan amount based on the appraisal received from
Wells Fargo. Financing will come from First National Bank.
V. NEW BUSINESS
Tax Exempt FinancingIssues: sues: Ms. Brewen informed the Board of issues raised during the process of
securing financing for the Sleepy Willow acquisition. In the future, staff will use more of a competitive
process of acquiring lender quotes, outlining interest rates. Ms. Brewen also stated that we have been
informed by bond counsel that there are several additional steps for issuing tax-exempt debt which must
be completed. These steps will be completed and may need to be brought to the Board at the next
meeting.
Northern Hotel: Ms Brewen presented the Board with a request for the Board to approve project -basing an
additional 27 Section 8 Voucher to the Northern Hotel, and allow staff to determine how to make this
happen within the regulations and HUD approval process. Commissioner Stenberg, seconded by
Commissioner Liley made a motion to approve the request for an additional 27 Section 8 project -based
vouchers for the Northern Hotel. The motion was passed unanimously.
VI. REVIEW OF MONTLY ACTIVITY REPORT
The Board reviewed the Monthly Activity Report and staff answered all questions.
VII. ADJOURNMENT
Chairperson Brady adjourned the regular meeting of the Fort Collins Housing Authority Board at 8:50 a.m.
The next regular meeting will be held on July 25, 2002.
25th day of July 2002.
Patrick Brady, Chairperson /
Collins.Housing Authority
Ju J. Brew , S retary
Fo ollins Housing Authority
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