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Home My WebLink About1994-07-27 EHA MINUTES- l JULY 27, 1994 L CALL TO ORDER The Regular Meeting of the Englewood Housing Authority Board of Commissioners was called to order at 6 :15 p.m. on Wednesday, July 27, 1994, at 3460 South Sherman Street, Suite 101, Englewood, Colorado, 80110, by Chairman Thomas J. Bums. IL ROLL CALL Members Present: Members Absent: Also Present: Ill. STUDY SESSION Thomas J. Bums, Chairman Norleen Norden, Vice Chairman Matt Innes, Commissioner Bradley Zieg, Commissioner Sheri Gulley, Commissioner Paul Malinowski, Executive Director Mary A. Ryan, Recording Secretary There was no study session held at this meeting. IV. MINUTES Amendments to the Minutes of the EHA Board of Commissioners' meeting held May 25, 1994: Page 5, Agenda Item VII. Discussion Items.B. Establishing an Entity, second paragraph: Vice Chairman Norden clarified with Commissioner Zieg what was being questioned, i.e., (1) whether the EHA can take money out of Simon Center and put it into a different kind of account (a special project account) and thereby use it for projects such as the train depot; and her understanding ofWagenlander's opinion that this could be done; and, (2) can the EHA take that same special project fund and do different investment guidelines for it? Vice Chairman Norden's understanding ofWagenlander's opinion on this second part of the question is that this should not be done unless within the boundaries of state statutes. e e EHA BOC Regular Meeting Held July 27, 1994 Page 8, Agenda Item X.A. General Discussion, Commissioners' Choice: Vice Chairman Norden asked the Board for direction on the appraised values on the applications used by the Rehab Loan Committee to make decisions on loans. She was concerned about the accuracy of the "appraisals" and that they do not reflect the actual value of the home the rehab loan is to be used on. She stated that the Rehab Loan Policy says is that we will loan up to 90% of the equity in the house. MOTION COMMISSIONER ZIEG MOVED TO ACCEPT THE MINUTES OF THE REGULAR MEETING OF THE ENGLEWOOD HOUSING AUTHORITY BOARD OF COMMISSIONERS HELD JUNE 29, 1994, AS AMENDED. VICE CHAIRMAN NORDEN SECONDED THE MOTION. Ayes: Nays: Bums, Norden, Innes, Zieg None Abstained: None Absent: Gulley The Chairman declared the motion carried. V. PRE-SCHEDULED VISITORS There were no prescheduled visitors at this meeting of the Englewood Housing Authority Board of Commissioners. VI. DIRECTOR'S REPORT 2 A. Narrative Report Audit Follow-Up --Briefly discussed. WHERE --Discussion ensued regarding possible liability caused by the sewage lift station if the EHA were to assume an ownership position with regard to the WHERE mobile home parks. EID Malinowski stated that EHA legal counsel will be at the August EHA Board meeting if possible to address the many legal questions surrounding WHERE. Mixed Populations --Discussion ensued regarding Section 8 New Construction projects (Simon Center) versus low-rent public housing projects (Orchard Place). EID Malinowski stated that a full report will be made at a future Board meeting. EHA BOC Regular Meeting Held July 27, 1994 3348 South Pennsylvania EID Malinowski stated that the third move-in house, 3348 South Pennsylvania Street, has just been put out to bid for rehab and the EHA has just received an offer to purchase the house. MOTION COMMISSIONER ZIEG MOVED TO ENTER EXECUTIVE SESSION AT 6:35 P.M. TO DISCUSS A REAL ESTATE MATTER. COMMISSIONER INNES SECONDED THE MOTION. Ayes: Nays: Abstained: Absent: Bums, Norden, Innes, Zieg None None Gulley The Chairman declared the motion carried. MOTION COMMISSIONER ZIEG MOVED TO LEA VE EXECUTIVE SESSION AND TO RECONVENE THE REGULAR MEETING AT 7:00 P.M. COMMISSIONER INNES SECONDED THE MOTION. Ayes: Nays: Burns, Norden, Innes, Zieg None Abstained: None Absent: Gulley The Chairman declared the motion carried. VI. DIRECTOR'S REPORT B. Program Reports Briefly discussed VII. DISCUSSION ITEMS, MOTIONS AND RESOLUTIONS 3 A. Depot Comer Discussion ensued regarding the Department of Transportation highway work and the resulting site and permanent easements and right of way. EID Malinowski suggested that members of the Englewood Historical Society be invited to the e EHA BOC Regular Meeting Held July 27, 1994 next EHA Board Meeting to discuss where they are on the grant applications and their plans to pay for maintenance and upkeep of the project once it is done. EID Malinowski stated that based on EHA's legal counsel's advice he (EID Malinowski) was disclosing that he is on the Greater Englewood Chamber of Commerce Board and thus any potential conflict-of-interest. B. Community Investment Fund Constraints of Colorado Revised Statutes were discussed regarding the proposed EHA "community investment fund". Timing of the formulation of the policy for this fund and actual investing of the funds was discussed . Amending the EHA' s present investment policy was discussed . The title of the new fund was discussed . Discussion ensued regarding de-federalized funds. MOTION COMMISSIONER ZIEG MOVED TO AMEND THE ENGLEWOOD HOUSING AUTHORITY INVESTMENT POLICY TO READ: "SECTION 1 SCOPE This Investment Policy applies to all transactions involving the investable funds of the Housing Authority of the City of Englewood, Colorado, hereafter ref erred to as "the Authority", which are governed by HUD regulations over which it exercises control." VICE CHAIRMAN NORDEN SECONDED THE MOTION. Ayes: Nays: Abstained: Absent: 4 Burns, Norden, Innes, Zieg None None Gulley The Chairman declared the motion carried. Vice Chairman Norden suggested that this fund be set up as soon as possible . EID Malinowski was directed to go through the EHA's financial reports and determine which funds fall under the original investment policy and which would fall under the amended investment policy . Commissioner Zieg stated he wanted to make it clear that since the investment policy has been revised it does not mean the EHA needs to take all funds out of their original investments. EHA BOC Regular Meeting Held July 27, 1994 C . FSS -Request to submit funding applications. MOTION COMMISSIONER ZIEG MOVED TO AUTHORIZE SUBMISSION OF A GRANT APPLICATION TO ARAPAHOE COUNTY, THE CITY OF ENGLEWOOD AND THE CITY OF SHERIDAN FOR FUNDS FOR USE IN THE FSS PROGRAM. VICE CHAIRMAN NORDEN SECONDED THE MOTION. Ayes: Nays: Bums, Norden, Innes, Zieg None Abstained: None Absent: Gulley The Chairman declared the motion carried. D . Performance Review --Executive Director Discussion ensued. It was determined that the performance review of the executive director would be done during an executive session within a regular EHA Board Meeting when all members of the EHA board were present. VIL FINANCIAL REPORT No financial reports presented this meeting. IX. CONSENT AGENDA No consent agenda presented this meeting . . X. GENERAL DISCUSSION s A. Commissioners' Choice Mary Ryan was commended for her art work used as the cover for the 1993 EHA Annual Report Chairman Bums discussed the NARRO conference he attended in Chicago. Lengthy discussion ensued regarding innovative funding for affordable housing and housing the homeless. ERA BOC Regular Meeting Held July 27, 1994 XI. ADJOURNMENT MOTION COMMISSIONER INNES MOVED TO ADJOURN THE REGULAR MEETING OF THE ENGLEWOOD HOUSING AUTHORITY BOARD OF COMMISSIONERS AT 8:45 P.M. ON WEDNESDAY, JULY 27, 1994. 6