HomeMy WebLinkAboutHousing Catalyst - Minutes - 03/22/2007Minutes of the Regular Meeting of the Fort Collins Housing Authority
1715 Mountain Ave, Fort Collins Colorado
March 22, 2007
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Commissioners Present Commissioners Absent Staff Present Guests
Mary Davis Julie Brewen
Karen Weitkunat Carol Gonzalez
Ed Stoner
Stephanie Barratt
Matt Robenalt
Mike Sollenberger
Pat Brady
Alan Fluharty
Jim Martell, Attorney
I. CALL TO ORDER
Chairperson Davis called the regular meeting of the Fort Collins Housing Authority to order at
7:34 a.m.
II. CITIZEN INPUT
None.
III. APPROVAL OF MINUTES
The board reviewed the minutes of February 22, 2007 regular meeting. Commissioner
Robenalt made a motion, seconded by Commissioner Stoner to approve the minutes of the
February 22, 2007 regular meeting. This motion was passed unanimously.
IV. OLD BUSINESS
None.
V. NEW BUSINESS
Loan Guarantee — Village on Plum Refinance Resolution No. 07-08:
Ms. Brewen presented the Board with Resolution No. 07-08 regarding guaranteeing a loan for
refinance of the Fort Collins Housing Corporation's Village on Plum complex. FCHA
guarantees the present loan and the refinance will save the Corporation over $80,000 per year
in loan payments, but would extend the loan to 20 years with a 30 year amortization. Ms.
Brewen also explained that there is a two-year plan adopted by the Corporation Board of
Directors to increase the rent structure at the complex back up to the 40% Area Median Income
target. After some discussion Commissioner Weitkunat made a motion, seconded by
Commissioner Sollenberger to approve Resolution No. 07-08 Approval of Loan Guarantee in
the amount $3,764,860 to the Fort Collins Housing Corporation for the Refinancing of Certain
Residential Rental Properties. The motion was approved unanimously. It is noted that
Commissioner Brady was absent for this vote as he did arrive at the meeting until 7:40 after the
voting was completed.
Indemnification of Officers and Employees:
After reviewing the Governmental Immunity Act, Mr. Martell presented a summary to the
Board. He stated that FCHA has a statutory obligation to indemnify the Commissioners and
employees. The term "Public Employee" means "an officer, employee, servant, or authorized
volunteer of the public entity, whether or
not compensated, elected or appointed but does not include an independent contractor" and that
would cover the commissioners and employees. Therefore, he stated that it is not necessary or
appropriate to amend the by-laws to indemnify commissioners. The FCHA is a political body
of the state organized pursuant to law.
VI. LEGISLATIVE ISSUES
Ms. Brewen attended a breakfast with key United States congressional representatives and staff
while at the 2007 NAHRO Legislative Conference in Washington DC.
VIL MONTHLY ACTIVITY REPORT
The board reviewed the activity report and the 2006 Year in Review. The board commended
staff on the accomplishments of 2006 and the content of the report in general. Ms. Brewen
stated that the Year in Review will be posted on the website. The board agreed that this is
appropriate and that printing and dissemination in other ways is not necessary.
VIII. NEXT MEETING DATE AND ADJOURNMENT
Chairperson Davis adjourned the regular meeting of the Fort Collins Housing Authority Board
of Commissioners. The next scheduled meeting will be held on April 26, 2007. Approved this
261" day of April 2007.
Mary M. Davis) Chairperson
Julie-Brewen, Se�retary