HomeMy WebLinkAboutHousing Catalyst - Minutes - 02/06/1979I
DATE: February 22, 1979
TO: Fort Collins Housing Authority
FROM: Alicia L. Schiager, Secretary
RE: Minutes of the February 6, 1979 Regular Meeting
I. Call to Order.
The meeting was called to order at 7:05 p.m. by Charlie Muenzberg,
Chairman at 1715 W. Muntain.
II. Roll Call.
Members Present Staff Present
Charlie Muenzberg John D. McGraw, Executive Director
Ray Hale Wayne P. Taylor, Ass't. for Hsg. Mgmt.
Ken Franzen Alicia L. Schiager, Secretary
Mary Klopfenstein
Guests
Members Absent Ron Wood, City Finance Director
Doug Parker Nbrris McDonald, Boetcher & Co.
Dunn Crawl , Boetcher & Co.
III. Consider Approval of the January 2, 1979 Regular Meeting Minutes.
Ken Franzen moved approval of the January 2, 1979 Regular Meeting
minutes. Ray Hale seconded and the motion carried with the
following vote: Ayes - Charlie Muenzberg, Ray Hale, Ken Franzen,
Mary Klopfenstein. Nays - none.
IV. Presentation on Housing Revenue Bonds
of
Morris McDonald and Dunn Crawl of Boetcher and Company were
present to give a presentation of how bond financing works.
They indicated that bond financing is tax exempt and is a
new source of capital for hone mortgages and allows lower pay-
ments for qualifying borrowers. They also indicated that the
City is in no way obligated to repay the bonds. The money
from the bonds is distributed through local lenders.
v. Consider Approval of Resolution #76 Approving a Request for
Modernization Funds.
Ray Hale moved approval of Resolution #76 with an amemdueint
to delete Section 1 for solar domestic hot water heaters.
Ken Franzen seconded and the motion carried with the following
vote: Ayes - Mary Klopfenstein, Fay Hale, Ken Franzen. Nays -
Charlie Muenzberg.
The Fort Collins � ing Authority •
February 6, 1979 lgular Meeting Minutes
Page Two
VI. Consider Approval of Resolution #77 Approving the
Additional 41-3 Substantial Rehabilitaticai Units.
Ray Hale moved approval of Resolution #77. Ken Franzen
seconded and the motion carried with the following vote:
Ayes - Charlie Muenzberg, Ray Hale, Ken Franzen, Mary
Klopfennstein. Nays - none.
Following the vote, there was a brief discussion regarding
the conflict of interest involved in. the purchase of 818
Laporte Avenue of which Jack Dolan, Housing Production
Coordinator, is the former owner and also of Jack Dolan
accepting employment with Miles Lantz on this project after
his CEPA contract is terminated. John McGraw read a letter
froan Jim Wagenlander, Housing Authority Attorney, regarding
these issues. Wagenlander's recommendation was that 818
Laporte Avenue should not be purchased for rehabilitation by
the Fort Collins Housing Authority but that it would be alright
for Jack Dolan to accept employment with Miles Lantz.
Mary Klopfenstein made a notion to waive any conflict of interest
regarding Jack Dolan working on Project Colo. 41-3 with Miles
Lantz but to decline the purchase of 818 Laporte Ave. Ray Hale
seconded and the motion carried with the following vote: Ayes -
Mary Klopfenstein, Ray Hale, Ken Franzen, Charlie Muenzberg.
Nays - none.
VII. Discussion of Cculm-mity Development Block Grant Funds Request.
The $25,000 that the Housing Authority wants to apply for is
still hanging.
VIII. Discussion of Buckingham Four -flex Project.
It was indicated that the Housing Authority could get a loan
frtm Hane Federal Savings at 7%.
IX. Etne- tive Director's Report.
A. Status of 41-2.
A site is site si�still trying to be located. Wayne Taylor indicated
that HUD would be more willing to go conventional than turnkey.
B. 1978 Financial Statements.
Unavailable at present.
C. Results of Private Management Inquiry.
Prnnar Property Services was the only fine that actually
submitted a bid. Charlie Muenzberg suggested that a cost
comparison between our own figures and the private figures
be done before the Housing Authroity go for bids.
D. Tenant Arrears Report.
Unavailable at present. Will be mailed.
The Fort Coll' using Authority
February 6, 1979WEgular Meeting Minutes •
Page Three
X. Other Business
The only other business was the presentation regarding Boetcher
and Cmipany which Was moved ahead in the agenda for the convenience
of their representatives.
XI. Adjourmnent.
Meeting was adjourned at 9:05 p.m.