HomeMy WebLinkAboutHousing Catalyst - Minutes - 08/24/2006Minutes of the Regular Meeting of the Fort Collins Housing Authority
1715 Mountain Ave, Fort Collins Colorado
August 24, 2006
Commissioners Present
Mike Sollenberger
Ed Stoner
Pat Brady
Mary Davis
Karen Weitkunat
1 MIXam119ye7tit'7t114
Commissioners Absent
Stephanie Barratt
Staff Present
Julie Brewen
Jim Martell
Alan Fluharty
Carol Gonzalez
Guests
Chairperson Sollenberger called the regular meeting of the Fort Collins Housing Authority to order at 7:34
a.m.
II. CITIZEN INPUT
There was no citizen input.
III. APPROVAL OF MINUTES
The board reviewed the minutes of the June 22, 2006 regular meeting. Commissioner Brady made a motion,
seconded by Commissioner Stoner to approve the minutes of the June 22, 2006 regular meeting. This motion
was passed unanimously.
IV. OLD BUSINESS
Commissioner Tom Honn has resigned as he has moved out of Larimer County. He has been appointed to
the Fort Collins Housing Corporation board of directors and will be their liaison to the development
committee. The board discussed the current board composition and possible backgrounds of potential new
board members which might be helpful.
V. NEW BUSINESS
Mr. Fluharty presented the first quarter 2006 financial statements. Mr. Fluharty and Ms. Brewen answered
questions.
Ms. Brewen informed the Board that the Development Committee and staff have been reviewing needs and
options for the Fort Collins Housing Corporation's 2217 West Elizabeth (Stadium) apartments. After an
analysis of this properties capital needs, and also research and consideration of selling them off as condos,
the committee and staff have started to pursue an acquisition/rehab Low Income Housing Tax Credit deal to
revitalize this property. Staff recommends that the Authority Board give authorization for the use of
development account funds for pre -development costs associated with this project to be reimbursed by the
project as recommended by the Development Committee.
Commissioner Weitkunat made a motion, seconded by Commissioner Brady authorizing the pre -
development cost using the development account funds for this project as recommended by the Development
Committee. This motion was passed unanimously.
VI. LEGISLATIVE ISSUES
!> No legislative issues were discussed.
VII. MONTHLY ACTIVITY REPORT
The board reviewed the activity report.
VIII. NEXT MEETING DATE AND ADJOURNMENT
CF
issioner Sollenberger adjourned the regular meeting of the Fort Collins Housing Authority Board of
! Cissione�s a ft 8\ 50 a.m. Approved this 28a' day of September 2006.
���%
!- Mary aviY, Vice Chairperson
Juli . Brewen, Sec