HomeMy WebLinkAboutHousing Catalyst - Minutes - 10/23/2003FORT COLLINS HOUSING AUTHORITY BOARD OF COMMISSIONERS
Minutes of the Regular Meeting of the Fort Collins Housing Authority
October 23, 2003
Commissioners Present Commissioners Absent Staff Present Guest
Patrick Brady Kimberly Stenberg Julie Brewen Gene Vaughan
Shari anne Daily Mary Davis Carol Duhaime Keith Olson
Chip Steiner Jim Martell Margarette Michaux
Thomas Honn
Mary Greeley
Mike Sollenberger
Marty Tharp
I. CALL TO ORDER
Chairperson Patrick Brady called the regular meeting of the Fort Collins Housing Authority to order at
7:40 a.m.
II. CITIZEN INPUT
There was no citizen input.
III. APPROVAL OF MINUTES
The Board reviewed the minutes from the September 25, 2003 regular meeting of the Fort Collins
Housing Authority. Commissioner Sollenberger made a motion, seconded by Commissioner Honn to
approve the minutes of the September 25, 2003 meeting. This motion was passed unanimously.
IV. OLD BUSINESS RETREAT FOLLOW-UP:
Retreat Follow-up, Development Application:
Ms. Brewen presented the Board with the development partnership application. After some discussion the
Board gave suggestions on some minor changes and approved it for use.
FCHA/Housing Corporation Property Relationship:
The Articles of Incorporation and resolutions passed for using the Authority's tax-exempt financing rates
for Fort Collins Housing Corporation properties state the properties revert to the Housing Authority when
their debts are paid off. There are currently twenty properties that were financed in this manner that no
longer have any debt. After some discussion the Board formed a committee to include Commissioners
Sollenberger and Brady of the FCHA Board and Directors Vaughan and Olson of the FCHC Board. This
committee will look at options for the best use and ownership of these properties. Ms. Brewen and Mr.
Martell will research several questions prior to the subcommittee meeting.
V. NEW BUSINESS
Revenue Project and Occupancy. Housing Corporation:
The Board reviewed the current financial statements of the Housing Corporation. Staff pointed out that
because of the project -based vouchers, the revenue is up and the Corporation will finish the year with a
debt coverage ratio adequate to satisfy all loan requirements. Staff noted that the lease -up rate of the
project -based vouchers has been slower than anticipated. Fiscal year 2004 projections are very good.
VI. Legislative Issues
Radon Mitigation:
Ms. Brewen and the Board reviewed a letter that will be submitted City Council on behalf of the FCHA
Board of Commissioners pertaining to the City's recent proposal to require active radon mitigation. Ms.
Brewen will find supporting research to attach to the letter. Commissioner Brady will present the position
to Council on December 16`h City Council meeting.
City Council Policy Agenda:
Commissioner Tharp gave a brief overview of the 2004-2005 City Council Policy Agenda.
VI. REVIEW OF MONTLY ACTIVITY REPORT
There were no questions regarding the Monthly Activity Report.
VII. ADJOURNMENT
Chairperson Brady adjourned the regular meeting of the Fort Collins Housing Authority Board at 9:00 a.m.
The next regular meeting will be held on November 20, 2003.
Approved this 20`h day of November 2003.
Patrick Brady, Chairperson
Fort Collins Housing Authority
Julie Brewen, Executive Director / Secretary
Fort Collins Housing Authority
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