HomeMy WebLinkAboutHousing Catalyst - Minutes - 09/26/2002FORT COLLINS HOUSING AUTHORITY BOARD OF COMMISSIONERS
Minutes of the Regular Meeting of the Fort Collins Housing Authority
September 26, 2002
Commissioners Present Commissioners Absent StaffPresent Guest
Patrick Brady Lucia Liley Julie Brewen Beth Cook
Kimberly Stenberg Chip Steiner Alan Fluharty
Mike Sollenberger Carol Swartz
Mary Greeley John Tuchscherer
Marty Tharp
I. CALL TO ORDER
Chairperson Patrick Brady called the regular meeting of the Fort Collins Housing Authority to order at
7:45 am.
II. CITIZEN INPUT
There was no citizen input.
III. APPROVAL OF MINUTES
The Board reviewed the minutes from the August 22, 2002 regular meeting of the Fort Collins Housing
Authority. Commissioner Sollenberger made a motion, seconded by Commissioner Tharp to approve
these minutes with corrections. The motion was passed unanimously.
IV. OLD BUSINESS
Resolution 02-14 Purchase and Resale - Revised: Ms. Brewen presented the Board with Resolution 02-14,
as revised per the Board at the August 22nd meeting. Commissioner Sollenberger made a motion,
seconded by Commissioner Tharp approving the revision to the Resolution No. 02-14, authorizing the
purchase of certain homeownership units for the purpose of re -sale to qualified low-income buyers. The
motion was passed unanimously.
V. NEW BUSINESS
Appointing Acting Executive Director and Signature Authority: Ms Brewen made a request for the Board
to appoint John Tuchscherer as the acting Executive Director and to authorize Emily Bullard as signature
authority for HAP check accounts during her family and medical leave. Commissioner Stenberg made a
motion, seconded by Commissioner Tharp to approve the appointments of John Tuchscherer as acting ED
and Emily Bullard as signaturor for HAP Checks. The motion was approved unanimously.
Preliminary Budget Presentation: Mr. Fluhatry presented a review of the preliminary 2003 budget. Mr.
Fluharty answered all questions. The Board will be asked to approve the budget at the next meeting.
Resolution02-15-2003 Agency-Plan/Capital Plan: -Ms Brewen and Mr.. Fluharty presented the$oard-with
Resolution 02-15, 2003-2007 Agency Plan Adoption. Commissioner Stenberg made a motion, seconded
by Commissioner Tharp that the 2003-2007 Agency Plan be adopted and submitted to the U.S.
Department of Housing and Urban Development, and that required certification forms be executed by the
Chairperson of the Board. The motion was approved unanimously.
Procedure for Housing Corp Loans: Ms. Brewen presented the Board with a process for Housing
Corporation loans needing Authority guarantee. There was a consensus that the written process is
appropriate.
Housing Corporation Refinance Loan Agreement: Ms. Brewen presented the Board with a request from
the Fort Collins Housing Corporation for a loan guarantee for a re -finance. The Corporation is
experiencing an increase in vacancy, in the newly acquired Sleepy Willow apartments, which has caused
a deficit. The Corporation would like to re -finance immediately, while they continue discussing options
for rent structures and possible sales. The Corporation is requesting a loan guarantee from the Housing
Authority for this transaction. The Corporation requests that the Housing Authority make a determination
on a tentative loan guarantee and if this is agreed, move forward with working with the Corporation on
acceptable rate and terms. Staff suggest the Authority Board authorize the Board Chair or Vice Chair to
finalize the details with the Corporation under certain rate and term parameters. Commissioner Stenberg,
seconded by Commissioner Tharp moved to approve this request. The motion was approved unanimously.
Proiect-Based Section 8: Commissioner Sollenberger requested staff draft a proposal for Section 8
vouchers to be project based on some FCHC units such as Sleepy Willow. Ms. Brewen will work on this
proposal and present it to the Board at the next meeting.
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 9:22 a.m.
The next regular meeting will be held on October 24, 2002.
Approved this 24`h day of October 2002.
Patrtcc Brady, Chairperson
Fort Collins Housing Authority
John Tuchscherer, Acting Executive Director / Secretary
Fort Collins Housing Authority
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