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HomeMy WebLinkAboutHousing Catalyst - Minutes - 05/25/2006Minutes of the Regular Meeting of the Fort Collins Housing Authority 1715 Mountain Ave, Fort Collins Colorado May 25, 2006 ** ** ** ** ** Commissioners Present Commissioners Absent Staff Present Guests Mike Sollenberger Tom Honn Julie Brewen Martha Lemert Mary Greeley Alan Fluharty Ernest Cienfuegos Pat Brady Julia Stone Ed Stoner Karen Weitkunat Stephanie Barratt I. CALL TO ORDER Chairperson Sollenberger called the regular meeting of the Fort Collins Housing Authority to order at 7:35 a.m. He welcomed the guests to the meeting; Martha Lemert liaison of the Forth Collins Housing Corporation and Ernest Cienfuegos -Baca, Chairperson of the Wellington Housing Authority Board of Commissioners. Ms. Brewen announced that Stephanie Barratt has been formally appointed by the Fort Collins City Council. II. CITIZEN INPUT There was no citizen input. ely.' 1 "uTl201@ 9 The board reviewed the minutes of the April 27, 2006 regular meeting. Commissioner Brady made a motion, seconded by Commissioner Weitkunat to approve the minutes of the April 27, 2006 regular meeting. This motion was passed unanimously. IV. OLD BUSINESS There was no outstanding old business to discuss. V. NEW BUSINESS Staff member Mike Salza gave a preview presentation of the upcoming Fort Collins Board of Realtors Sensible Housing Summit. The data presented focused on for -sale product available in Fort Collins and Loveland for families earning 60% and 80% of the Area Median Income. The commissioners gave staff feedback about how they might make the presentation more focused and easy for the audience to understand. The data shows that there is a great deal of opportunity at this time for low-income families to find affordable homes, particularly if they understand that it is important to be realistic with their ideas about what a starter home should be. The Sensible Housing Summit will be held on June 15, 2006. Julia Stone of Bondi & Co. presented the 2005 audit reports for the Fort Collins Housing Authority, Wellington Housing Authority and the Fort Collins Housing Corporation. There were no findings and the audit shows good financial position for all three entities. The management letter outlined suggestions for the future: Ensure W-4 forms agree with withholdings in the payroll system; have a separate person from accounts payable enter new vendor information or have management review and approve all new vendors; reconcile security and escrow deposit cash accounts related to liability at least monthly; and review HUD requirements for maintaining separate bank accounts and close accounts deemed unnecessary. Staff discussed plans for implementing the suggestions. Ms. Brewen presented a request for board action to correct the by-laws in regard to a quorum. A motion was made by Commissioner Brady, seconded by Commissioner Weitkunat to approve Resolution 06-05 Revision of the By-laws. The motion was passed unanimously. VI. LEGISLATIVE ISSUES No legislative issues were discussed. VII. MONTHLY ACTIVITY REPORT Commissioner Sollenberger gave a brief update of the Development Committee's May meeting. Maurice Head from the City's Advance Planning Department gave a presentation on their Land Bank properties. VIII. NEXT MEETING DATE AND ADJOURNMENT Commissioner Sollenberger adjourned the regular meeting of the Fort Collins Housing Authority Board of Commissioners at 8:45 a.m. Approved this 22nd day of June 2006. Julie