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HomeMy WebLinkAboutHousing Catalyst - Minutes - 06/28/2007Minutes of the Regular Meeting of the Fort Collins Housing Authority 1715 Mountain Ave, Fort Collins Colorado June 28, 2007 ** ** ** ** ** Commissioners Present Commissioners Absent Staff Present Guests Stephanie Barratt Mary Davis Julie Brewen Gavin Kaszynski Ed Stoner Lisa Poppaw John Tuchscherer Mike Sollenberger Pat Brady Alan Fluharty Matt Robenalt 1. CALL TO ORDER Vice Chairperson Stoner called the regular meeting of the Fort Collins Housing Authority to order at 7:34 a.m. IL CITIZEN INPUT None. IIl. APPROVAL OF MINUTES The board reviewed the minutes of the May 24, 2007 regular meeting. Commissioner Sollenberger made a motion, seconded by Commissioner Robenalt to approve the minutes as presented. This motion was passed unanimously. IV. OLD BUSINESS 2006 Audit Report: Bondi & Co. presented the 2006 audit report at the prior meeting. After having had a chance to further review the audit report the board had no further questions. Commissioner Sollenberger made a motion to accept the audit report, which was seconded by Commissioner Robenalt: The motion was passed unanimously. V. NEW BUSINESS Termination Plan for Housing Choice Voucher (HVC) Program: Previously, staff had been instructed to prepare a termination plan for the Housing Choice Voucher Program in light of the fact that the final 2007 HUD budget numbers had still yet to be received. Fortunately, FCHA was just informed of its final 2007 budget amount and Mr. Tuchscherer stated that no families would need to be cut from the program. The board decided to go forward with discussion of a termination plan should funding ever be in jeopardy in the future. Mr. Tuchscherer presented the Board with options based upon staff discussion and researching best practices. The board gave Mr. Tuchscherer direction to return with a draft plan. Julie Brewen 2005-2006 Performance Review: This business item was tabled until August meeting so Commissioner Davis can be present. Fort Collins Housing Corporation Financial Statements: The Board reviewed the Fort Collins Housing Corporation financials and staff answered questions. There were several questions relating to the detail of the Corporation's project level financials in relation to prior year budget and actual figures. Ms. Brewen reiterated that the Corporation board of directors also looks at its financial statements at the project by project level. Authority/Corporation Owned Properties: Ms. Brewen and Mr. Martell addressed the issue of some Fort Collins Housing Corporation properties which are showing up on the County Assessor's website as being owned by the Authority. Ms. Brewen has sent Mr. Martell a list of all properties which may be at issue and Mr. Martell will be further researching the status. They will return to the board with any legal transactions needing to be made to properly categorize these properties. VI. LEGISLATIVE ISSUES Mr. Tuchscherer updated the board on several legislative items currently moving ahead in Washington, including the Section Eight Voucher Reform Act (SEVRA) which should more accurately allocate our funding and give us some additional local flexibility. He also stated that the National Affordable Housing Trust Fund Act is being introduced. VII. MONTHLY ACTIVITY REPORT The board reviewed the activity report. The Development Committee updated the board on the Village on Elizabeth tax credit project. They also mentioned that staff is looking at potential acquisitions for a fall funding application. Commissioner Sollenberger would like staff to consider the City's transportation issues when looking at future development opportunities. Ms. Brewen believes she may be able to get data from Workforce Center. VIII. OTHER BUSINESS Ms. Brewen requested approval of Resolution No. 07-13, approving an amendment to the 2006 tenant - based rental assistance contract. This amendment is due to the expiration of the current contract which the Colorado Division of Housing had only executed for six months. They now have a new contract for the remainder of the two-year program that includes language required by the recent immigration law changes. Commissioner Sollenberger made a motion, seconded by Commissioner Robenalt to approve Resolution No. 07-13. This motion was passed unanimously. IX. NEXT MEETING DATE AND ADJOURNMENT Vice Chairperson Stoner adjourned the regular meeting of the Fort Collins Housing Authority Board of Commissioners. Appr,9.ved this 26`h day of July 2007. �Ed Stoner, Vice CMirperson r � Jul}7 Brewen� Sec etary ,�