HomeMy WebLinkAboutHousing Catalyst - Minutes - 07/25/2002FORT COLLINS HOUSING AUTHORITY BOARD OF COMMISSIONERS
Minutes of the Regular Meeting of the Fort Collins Housing Authority
July 25, 2002
Commissioners Present
Patrick Brady
Lucia Liley
Chip Steiner
Mary Greeley
Kimberly Stenberg
Mike Sollenberger
I. CALL TO ORDER
Commissioners Absent Staff Present
Marty Tharp Julie Brewen
Alan Fluharty
Carol Swartz
Guest
Martha Lemert
Mary Glode
Chairperson Patrick Brady called the regular meeting of the Fort Collins Housing Authority to order at
7:37 a.m.
II. CITIZEN INPUT
There was no citizen input. Ms. Brewen introduced Martha Lemert, liaison from the Fort Collins Housing
Corporation Board.
III. APPROVAL OF MINUTES
The Board reviewed the minutes from the June 27, 2002 regular meeting of the Fort Collins Housing
Authority. Commissioner Liley made a motion, seconded by Commissioner Stenberg to approve these
minutes. The motion was passed unanimously.
IV. OLD BUSINESS
Nexus Study Discussion: The Board discussed focus groups held by the City on June 28. It was noted that
consumers of affordable housing were not invited to attend any of the groups and that might have been an
important key to the groups. Ms. Brewen stated the Board and staff needs to define what the "housing
need" in Fort Collins is, stating that vacancies are high everywhere. Commissioner Sollenberger
commented the Board needs to stay vigilant with these studies. Ms. Brewen suggested continuing to study
the market and support the City in updating their needs study.
Sleepy Willow: Ms. Brewen presented the Board with Resolution 02-09 for tax-exempt borrowing
documents. Ms. Brewen stated we need to go back and look at recent loans to make sure we cover the tax-
exempt issues on them. Commissioner Stenberg seconded by Commissioner Liley made a motion to
approve Resolution No. 02-09, approving the loan documents from the bank to the Housing Corporation
on behalf of the Housing Authority. The motion was passed unanimously.
V. NEW BUSINESS
2001 Audit Presentation: Mr. Bondi and his staff reviewed the 2001 audit finding with the Board. Bondi
and Company noted that the financial standing is better then has been in the past years and that there are
no findings. The management letter outlined two minor suggestions.
Second Ouarter Financial Statements: Ms. Brewen and Mr. Fluhatry reviewed the budget revisions with
the Board and answered all questions. Commissioner Liley, seconded by Commissioner Steiner, made a
motion to approve Resolution No. 02-10, approving the FY 2002 budget and capital plan revisions. The
motion was passed unanimously.
Benefits Plan: Ms. Brewen presented the Board with Resolution No. 02-11. After a brief discussion,
Commissioner Stenberg, seconded by Commissioner Sollenberger made a motion to approve Resolution
No. 02-11 approving the a 401 Money Purchase plan as an employee benefit. The motion was passed
unanimously.
Commissioner Sollenberger informed the Board of a new transportation tax increase of 1 % on new
residential construction. Commissioner Sollenberger is concerned that it may have a negative impact on
affordable housing as most of the new construction within City limits will be in LMN zoned areas. The
Board asked Ms. Brewen to draft a letter to City Council expressing concern for affordable housing.
Commissioner Sollenberger commented that he believes the agency to be doing a great job.
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 9:05 a.m.
The next regular meeting will be held on August 22, 2002.
Approved this 22nd day of August
Patrick Brady, Chairperson /
Fort Collins Housing Authority
Jul' J. Brewen, ecretary
Fort ollins Housing Authority
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