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HomeMy WebLinkAbout1991-07-31 EHA MINUTES• • • ' t I. II. III. ENGLEWOOD HOUSING AUTHORITY Board ot Commissioners Regular Meeting July 31, 1991 CALL TO ORDER The Regular Meeting of the Englewood Housing Authority Board of Commissioners was called to order at 6:25 p.m. on Wednesday, July 31, 1991, by Vice Chairman Norleen Norden, at 3460 South Sherman Street, Suite 103, Englewood, Colorado, 80110. Members Present: Members Absent: Also Present: Thomas J. Burns, Chairman* Norleen Norden, Vice Chairman R. J. Berlin, Commissioner Roger Koltay, Commissioner Bradley Zieg, Commissioner None Paul Malinowski, Executive Director Frank E. McCoumb, Jr., Maintenance Supervisor** Mary A. Ryan, Recording Secretary Janet M. Grimmett, Housing Finance Specialist*** * Chairman Burns arrived at 6:45 p.m. ** Frank E. McCoumb, Jr., retiring Maintenance Supervisor was present for the first part of the Study Session only. *** Ms. Grimmett was present for discussion of Agenda Item VII.A. only. STUDY SESSION Was postponed until later in the meeting when Chairman Burns would be present (after the Director's Narrative Report) • rnn1/Minutes/073191EHAMinutes • . ' EHA BOC Regular Meeting 07/31/91 IV. MINUTES Commissioner Zieg pointed out two corrections to verb tense, and one correction in syntax. These were noted and corrected in the original minutes of the EHA Board of Commissioners' meeting held June 26, 1991. M Q ~ l Q .H IT WAS MOVED BY COMMISSIONER KOLTAY THAT THE MINUTES OF THE REGULAR MEETING OF THE ENGLEWOOD HOUSING AUTHORITY BOARD OF COMMISSIONERS HELD JONE 26, 1991, BE ACCEPTED AS CORRECTED. COMMISSIONER BERLIN SECONDED THE MOTION. Ayes: Nays: Abstained: Absent: v. Norden, Berlin, Koltay, Zieg None None Burns The Vice Chairman declared the motion carried. PRE-SCHEDULED VISITORS There were no pre-scheduled visitors at the Englewood Housing Authority Board of Commissioners Regular Meeting held July 31, 1991 . • VI. DIRECTOR'S REPORT • A. Narrative Report The Director's Narrative Report is added to these Minutes and is a part thereof as Exhibit "A". The Urban Homesteading Program lottery to be held on August 1 was discussed. The Executive Director explained that the houses purchased for this program need repairs in amounts ranging from $15,000 to $30,000 and will go from being possibly the worst looking houses on the block to possibly the best looking. The Executive Director explained that today, July 31, there was an article in the Rocky Mountain News and that because of this, two television news programs did interviews with Janet Grimmett on the Urban Homesteading Program. One videotaped news program was viewed by the Commissioners in addition to one live news program which was on at the time of this meeting. Personnel issues were brought up for discussion. The Executive Director stated that the maintenance worker who relocated out of state, Bob Redman, has been replaced by Bob Stevenson. -2- • • • EHA BOC Regular Meeting 07/31/91 III . STUDY SESSION Chairman Burns acknowledged that Frank E. McCoumb, Jr. was present at this meeting for special recognition as the retiring Maintenance Supervisor of the Englewood Housing Authority. Chairman Burns stated that Frank had been a mainstay of the EHA maintenance program for many years. A plaque was presented to Mr. McCoumb by Chairman Burns. The Executive Director read a letter to Mr. McCoumb which was very complimentary of the retiring maintenance supervisor. A copy of that letter is attached to these minutes and made a part thereof as Exhibit "B". Mr. McCoumb left the meeting at this point. Note: The Commissioners returned to the Director's Narrative Report portion of the agenda for this meeting. ,r The Executive Director reported that the process of finding a replacement for Mr. McCoumb's position had been started. ·over 250 applications for the Maintenance Supervisor I position had been received. The Executive Director stated that there had been a determination letter received from Washington D. c. on the Fair Housing complaint filed by a former resident of the EHA's public housing program. The Executive Director read the letter, which is attached to these Minutes as Exhibit C and made a part thereof. In brief, the letter stated there was a determination that "no reasonable cause" exists to believe that a discriminatory housing practice had occurred. The complaint was dismissed. Commissioner Koltay stated that it was admirable that the EHA kept such accurate files as to enable HUD to research them and find that there were no discriminatory housing practices occurring within the agency. The Maintenance Status Report was discussed as to the number of hours required to clean 2910 South Bannock Street. The Housing Rehab Delinquency Report was also brief l y discussed. Commissioner Koltay asked about the bank line of credit. He wanted to know if it would be worthwhile to put something in the paper regarding these funds be i ng available. The Executive Director stated that at this point, the 312 Loan Program was taking up so much staff time that any increased demand in the rehab loans using the bank line of credit would put a great deal of pressure on staff. He suggested doing that after all 312 loan applications have been processed . -3- • • • EHA BOC Regular Meeting 07/31/91 VII • DISCUSSION ITEMS, MOTIONS AND RESOLUTIONS A. Discussion and action on Loan No. 192. This delinquent rehab loan has been discussed at various Board meetings. At first, it was a delinquent loan requiring a decision whether or not to foreclose. The borrowers subsequently applied for bankruptcy and eventually, their petition was rejected by bankruptcy court and the first mortgagee proceeded with their foreclosure. The public trustee's sale had been recently held. The Executive Director reviewed the actions being taken by staff to help the Commissioners reach a decision for a resolution to the problem of this property. These actions included contacting the first mortgagee to see if they would negotiate on some of the delinquency costs; getting a market comparison on the property and a report on the marketability of the property; and asking CHFA to consider forgiving the $5,000 note the EHA has with them on this property. The Executive Director's alternatives were reviewed. Those alternatives were (1) purchase the property and rent it; (2) purchase the property and sell it ; and (3) write off the EHA's rehab loan and pay off the CHFA co-Help loan if they would not forgive it . The Executive Director and Ms. Grimmett informed the Board that the first mortgagee bid at the Public Trustee's Sale and paid only the cost to pay off the principal balance. The first mortgagee did not include the cost of legal fees and accrued interest. Ms. Grimmett stated that the file on this house has been transferred to the bank's REC office. She stated that she had a great deal of trouble reaching anyone who knew anything about this loan. The individual who does the market comparisons for the Rehab Program recommended· $63,000 for a value on the house (assuming the house is in very good condition). The EHA's marketing representative gave a "ball park" sales figure of $59,000 on the house. Ms. Grimmett stated she had written a letter to the Executive Director of CHFA asking them to consider forgiving their portion of the Co-Help rehab loan. She stated that he will give the letter some consideration and take the EHA's request to the CHFA board. CHFA has stated that they need more time to consider the EHA's request. Commissioner Zieg suggested that the EHA put together a bid for the least amount possible and offer it to the first mortgagee. Lengthy discussion ensued. -4- • • • EHA BOC Regular Meeting 07/31/91 IT WAS MOVED BY COMMISSIONER BERLIN THAT THE EXECUTIVE DIRECTOR ACT WITH DILIGENCE AND PRUDENCE AND MARE A RESPONSIBLE OFFER TO THE MORTGAGE HOLDER FOR THE PURCHASE OF 3645 SOUTH FOX STREET. COMMISSIONER ZIEG SECONDED THE MOTION. Ayes: Nays: Abstained: Absent: Burns, Norden, Berlin, Roltay, Zieg None None None The Chairman declared the motion carried. B. Note extension to EHDC for WAND project. The rehab of the WAND units is now complete and the EHDC has asked CHFA to close on the permanent financing. CHFA was not able to close prior to the July 31 deadline date of the once-extended note and deed of trust relating to the purchase of the eleven WAND rental units by EHDC from the EHA. The EHA has carried the financing at 0% interest for one year. It was the recommendation of the Executive Director that the Commissioners pass a motion approving the extension of the promissory note and deed of trust on the eleven WAND rental units dated April 30, 1990, for a period of 90 days to allow for more time for the CHFA permanent financing loan closing. IT WAS MOVED BY COMMISSIONER ZIEG THAT THE EXTENSION OF THE PROMISSORY HOTE AND DEED OF TRUST ON THE ELEVEN WAND RENTAL UNITS DATED APRIL 30, 1990 1 BB APPROVED FOR A PERIOD OF 90 DAYS ·TO ALLOW FOR MORE TIME FOR THE CJIJ'A PERMANBNT ~INANCING LOAN CLOSING. COMMISSIONER KOLTAY SECONDED THE MOTION. commissioner Koltay wanted to know if it was possible for the EBDC to get a letter from the EBA stating that the EBA has extended the Promissory Note and Deed of Trust at 0% interest and would like the EBDC to do whatever is necessary to speed up the closing on the permanent financing. The Executive Director stated that if the closing date was not set by the end of next week, he would go to the closer's supervisor to see what could be done to speed up the closing process. Ayes: Nays: Abstained: Abstained: Burns, Norden, Berlin, Roltay, Zieg None None None The chairman declared the motion carried • -5- ... . ,, EHA BOC Regular Meeting 07/31/91 • VIII. FINANCIAL REPORT • • IX. x. XI. The Financial Report was briefly discussed as to the much improved forecasting on the budget. CONSENT AGENDA All items noted briefly. GENERAL DISCUSSION A. Commissioners' Choice Chairman Burns discussed with the Commissioners the NAHRO Comprehensive Skills for Public Housing and Community Development Commissioners training conference he had recently attended in Reno, Nevada. B. Director's Choice The Executive Director reminded the Commissioners of the Urban Homesteading Program lottery drawing to be held the next night, August 1. ADJOURNMENT IT WAS MOVED BY VICE CHAIRMAN NORDEN TO ADJOURN THE REGULAR MEETING OP THE ENGLEWOOD HOUSING AUTHORITY BOARD OF COMMISSIONERS HELD JULY 31 1 1991. Ayes: Nays: Abstained: Absent: Burns, Norden, Berlin, Koltay, Zieg None None None The Chairman declared the motion carried and the meeting adjourned at 8:15 p.m • / /, Chairman Mary A. Ryan, ecording Secretary -6-