HomeMy WebLinkAboutHousing Catalyst - Minutes - 05/24/2001FORT COLLINS HOUSING AUTHORITY BOARD OF COMMISSIONERS
Minutes of the Regular Meeting of the Fort Collins Housing Authority
May 24, 2001
Commissioners Present
Kimberly Stenberg
Paul de la Gana
Charles Wanner
Chip Steiner
Patrick Brady
Monica Clark
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Commissioners Absent Staff Present
Lucia Liley Julie Brewen
Alan Fluharty
Carol Swartz
Chairperson Kimberly Stenberg called the regular meeting of the Fort Collins Housing
Authority to order at 7:35 a.m.
II. CITIZEN IMPUT
There was no citizen input.
ITI. APPROVAL OF MINUTES
Ms. Brewen presented the minutes from the April 19, 2001 regular meeting of the Fort
Collins Housing Authority. Commissioner Steiner made a motion to approve these
minutes. The motion was seconded by Commissioner de la Garza and passed
unanimously.
IV. OLD BUSINESS
Ms. Brewen presented an update on the Rigden Farm project. She reviewed the recent
sub -committee's suggestion to research alternatives to the land lease. The Board
continued to discuss the best structure for the project, fee simple vs. land lease, and
focused upon wanting control over the long-term viability of the project. Concern over
the marketability of the land lease to buyers and lenders is of great concern. The
recommendation to proceed is to sell the single family detached units fee simple
including the yards, while selling only the improvements and the "footprint" on the
attached units. The yards/grounds for these attached units would be owned by the
Housing Authority and leased to the Homeowners' Association. Lease. The Board
discussed some concern over the way appraisers would view this scenario.
Commissioner de la Garza offered to find an appraiser to test the concern.
A motion was made for Ms. Brewen to proceed have the attorneys proceed with
development of the partnership agreements and operating agreement with Sierra Land
Corporation, contingent on an appraiser's opinion being acceptable. Ms. Brewen will
conduct a meeting / phone conference with the Board members if appraisals are not
acceptable.
Motion: Commissioner de la Garza
Second: Commissioner Steiner
Action: Passed Unanimously
V. NEW BUSINESS
Ms. Brewen reviewed the request for Board approval of updated utility allowance
schedules. Commissioners had been presented with materials in advance on how the
allowances were formulated.
A motion was made to approve the new utility allowance schedules.
Motion: Commissioner Steiner
Second: Commissioner Wanner
Action: Passed Unanimously
Ms. Brewen introduced a request from Neighbor to Neighbor for FCHA to refinance their
portfolio. The Board had some discussion about the importance of helping out local non-
profit housing providers. Commissioner de la Garza requested Ms. Brewen and Neighbor
to Neighbor present a proposal packet outlining refinance amount, loan fees, interest rate
and any other terms.
Commissioner Clark gave her resignation due to her moving Florida. Commissioner
Clark wanted to leave suggesting that Board members try to attend all meetings and
stressed the importance of the Board's actions on the entire community.
VI. REVIEW OF MONTLY ACTIVITY REPORT
There were no questions regarding the Monthly Activity Report.
VII. ADJOURNMENT
Only three Commissioners will be available for the regular June meeting date, so staff
was asked to find an alternate date. Chairperson Stenberg adjourned the meeting at 8:55
a.m. These minutes passed and adopted at a regular meeting of the Board of
Corrmissioners of the Fort Collins Housing Authority, held this June 19, 2001.
Fort Co11irhIous* Authority
Julie 4rewen, � cret
Fort Co Tins Housing Authority