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HomeMy WebLinkAboutHousing Catalyst - Minutes - 01/24/2008Minutes of the Regular Meeting of the Fort Collins Housing Authority 1715 Mountain Ave, Fort Collins Colorado January 24, 2008 Commissioners Present Commissioners Absent Staff Present Guests Pat Brady Stephanie Barratt Julie Brewen Gavin Kaszynksi Mary Davis Carol Gonzalez Lisa Poppaw John TUCIISeherer Matt Robenalt Mike Salza Ed Stoner Mike Sollenberger 1. CALL TO ORDER Chairperson Davis called the regular meeting of the Fort Collins Housing Authority to order at 7:39 a.m 11, CITIZEN INPUT None, Ill. APPROVAL OF MINUTES The board reviewed the minutes of the November 29, 2007 regular meeting. Commissioner Stoner made a motion, seconded by Commissioner Brady to approve these minutes as presented. This motion was passed unanimously. IV. OLD BUSINESS Ms. Brewen informed the Board that on February 14, 2008 at 6:30 p.m. the City of Fort Collins Community Development Block Grant Commission (CDBG) will be discussing their competitive process at their monthly meeting. Commissioners Robenalt and Stoner will attend this meeting. V. NEW BUSINESS Authorizim, Submission of CDBG Spring 2008 Applications: Ms. Brewen presented Resolution 08-01, "Supporting a CDBG Grant Application for Developer Operation Funds" for the Fort Collins Housing Corporation. Staff recommends submission of a grant application by the Fort Collins Housing Corporation to the Fort Collins CDBG program be fully supported including contribution of $50,093 paid by the Authority. A motion was made by Commissioner Sollenberger, seconded by Commissioner Robenalt to approve Resolution 08-01. The motion was approved unanimously. Resolution 08-02. "Approving Letter of Intent and Contract to Purchase Stanford Apartments" was presented by Ms. Brewen. She requested that the Board authorize staff to begin negotiations with the owner of 2613 Stanford Road for a purchase price not to exceed $4,740,000, and Chat the purchase offer be made contingent upon receiving an adequate allocation of funding from the Low Income Housing Tax Credit Program and other grant sources. She also requested that the Board chairperson or vice chairperson in his absence be authorized to execute such a purchase agreement and related documents which require Board approval. A motion was made by Commissioner Brady, seconded by Commissioner Sollenberger to approving submitting a letter of intent and contract to purchase Stanford Apartments. The motion was approved unanimously. Ms. Brewen informed the Board that the Fort Collins Housing Corporation passed a resolution to submit a HOME/CDBG grant application fix rehabilitation of several units owned by the Corporation on Leisure Drive. Purchase. Rehab and Sale of Single Familv Home: Mr. Salza submitted draft Resolution 08-03 which would authorize the purchase of 431 5 John F. Kennedy A6 for rehabilitation and sale of the unit to a new family carving 80% Area Median Income or less. A motion was made by Commissioner Brady, seconded by Commissioner Stoner approving the purchase. costs for rehabilitation and subsequent re -sale of 431 j John F. Kennedy Parkway A6, and authorizing the executive director and chairperson to execute all relevant documents. This motion was passed unanimously. Election of officers: A motion was made by Commissioner Sollenberger, seconded by Commissioner Stoner to retain the current slate of officers for the 2008 calendar year. This motion was passed unanimously. VI. LEGISLATIVE ISSUES John Tuchscherer an update on Congressional budget activities stating housing assistance has been budgeted at $4.7 million, CDBG is down to $3.5 billion and the HOME program was down as well. Commissioner Sollenberger expressed concern about a bill which would repeal the restriction on rent control. Ms. Brewen will look into the status of this piece of legislation. VII. LEGAL ISSUES None. VIII. MONTHLY" ACTIVITY REPORT The board reviewed the activity report and staff answered all questions. IX. OTHER BUSINESS Is. Brewen reminded the board about the breakfast meeting being hosted by the Fort Collins Housing Authority to learn about the proposed Colorado Housing Investment Fund for affordable housing development. X. ADJOURNMENT Chairperson Davis adjourned the regular meeting of the Fort Collins blousing Authority Board of Commiss'oners. Approved �this n28`r' day of February 2008. Ivv"F( M;w:M. Davis Chairperson Julie J.