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LAKEWOOD HOUSING AUTHORITY
REGULAR MEETING
Thursday, April 29, 2004
Housing and Family Services Conference Room
5:30 P.M.
Members Present: Robert Sandridge - Chair
Joan Smith - Vice Chair
Sandra Maben - Commissioner
Gari Westkott - Commissioner
Members Excused: Minoo Poorteymoor - Resident Commissioner
Staff Present: Tami Fischer - Executive Director
Sabrina Pierre-Louis - Deputy Executive Director
Garnette Hardesty - Administrative Assistant
Bill Lunsford - Development Manager
Carl Musso - Housing Accountant
Guests: Wendy Swanhorst-Swanhorst & Cutler LLC
Uli Keeley-Swanhorst & Cutler LLC
CALL TO ORDER
The Chair, Robert Sandridge, called the meeting to order at 5:40 p.m. with roll being called by the Administrative Assistant. The Chair stated a quorum was present.
CHANGES AND MODIFICATIONS TO AGENDA
There were no changes to the agenda.
APPROVAL OF MINUTES
A motion was made by Gari Westkott, seconded by Sandra Maben to approve the minutes of the March 29, 2004 regular meeting and of the special meeting of Tuesday, April 13, 2004. The vote of the Commissioners was as follows:
Robert Sandridge :aye
Joan Smith :aye
Sandra Maben :aye
Gari Westkott :aye
The motion carried.
FINANCIAL REPORT
Swanhorst and Cutler Audit
Carl introduced Wendy Swanhorst and Uli Keeley from Swanhorst and Cutler the auditors who prepared the 2003 audit for the Lakewood Housing Authority.
Wendy presented the audit report to the board. She also stated that the company was required to adopt new government accounting standards that changed the format of the financial statements.
The auditors again expressed their concerns about Public Housing not having enough money as in previous years because of Maplewood taking on extra debt.
The federal money continues to decrease. The auditors manager letter is also enclosed in the report and is completed at a much earlier time frame that in past years. The auditors commended Carl on a job well done.
Overall, the auditors stated that the Housing Authority is in pretty good shape financially. Gari Westkott expressed to the board that she is pleased with how well the staff runs the Housing Authority. She said the staff does a very good job.
Sandy Maben asked a specific question on Section 8 funds and Sabrina clarified by stating that the money can go to any other affordable housing purpose. The auditors to her satisfaction answered additional questions Sandy had.
Revenue and Expenditure Reports
Carl shared the information regarding the revenue and expenditure reports with the board members. Carl went over some general figures from the statements.
Investment Report
Carl mentioned the only increase on the investment report is the increase in interest revenue from February to March and the large increase from the Continuum loan.
Robert Sandridge signed the closing papers on Newland Square to Habitat for Humanity of Metro Denver!
HOUSING MANAGER REPORT
Sabrina stated that there is a news release in the board packet regarding Housing Proposed Budget Cuts previously known as HANF now called Flexible Voucher Program. Sabrina stated there is a renewal calculation for the Section 8 Program that essentially capture spending on the voucher program. In the past, if rents went up, and tenant income goes down and housing assistance payments increased, HUD would cover that. In the plan for 2005, HUD would no longer cover the additional funds.
Sabrina enclosed the 2004 Mountain Plains NAHRO Legislative agenda along with a list of where the press release was sent. Family profiles were also included in the packet.
EXECUTIVE DIRECTOR REPORT
Tami announced that there might be a possibility of a loan opportunity to the City of Lakewood for $150,000. The project is a uniformed standard lighting for traffic signals. Some of the funding will be from a grant. The Lakewood Housing Authority (LHA) has negotiated a $3000 fee if the LHA agrees to the terms of the loan and if the LHA does the loan it will be another $2000 from the City to the LHA. The City proposes paying a rate of interest equal to prime rate plus one percent. At this point there is no repayment plan in place.
Joan Smith, Vice Chair, announced that the strategic goals and board objectives are complete and everyone has a copy of them in their packet for this month. The next step is to attach timelines to those that are not completed.
Gari Westkott announced that she met with Derek Kuykendall about registering residents to vote. A plan is in place to assist residents in Lakewood with the registration process to vote.
Tami announced that the Lakewood Housing Authority received the Affordable Housing Project Award from Colorado NAHRO for Willow Glen Senior Living.
Gari Westkott pointed out that Willow Glen Senior Living Community of the Lakewood Housing Authority was nominated at the Good News Breakfast. Mayor Steve Burkholder placed the nomination.
Sunday at 2:00 Habitat for Humanity will be hosting an Open House of Newland Square.
DEVELOPMENT MANAGER REPORT
Request for resolution declaring the intent of the commissioners of the Housing Authority of the City of Lakewood multifamily housing revenue activity bonds for the Kings Row Apartments Project
Bill Lunsford requested a resolution of bond inducement for multifamily housing revenue activity bonds for the Kings Row Apartments Project. This is not a request to approve the partnership at this point. A motion was made by Sandra Maben, seconded by Gari Westkott. The vote of the commissioners was as follows:
Robert Sandridge :aye
Joan Smith :aye
Sandra Maben :aye
Gari Westkott :aye
The resolution carried.
Other Business
Joan Smith shared the information from the NAHRO conference and most of the information is not good news. She asked everyone to stay tuned as issues and concerns regarding affordable housing are announced.
Joan visited with Bob Beauprez and he was willing to take the suggestions of the Jefferson County YMCA site under advisement in terms of an earmark.
Joan presented the board with a plaque acknowledging the scholarship recipients in honor of Martin Luther King, Jr.
Tami wanted the board members to know that the Garcia twin boys are graduating from Legacy High School this May. Linda Garcia-Suarez was a former resident commissioner of the Lakewood Housing Authority.
The May board meeting will be held at Maplewood on May 24, 2004. Please meet at Maplewood promptly at 5:30 p.m. for a presentation by Newcastle Properties and tour prior to the meeting.
The June meeting will begin with a tour of properties early afternoon prior to the June 28 LHA meeting.
There was no other business of the Lakewood Housing Authority.
Adjournment
The regular meeting of the Housing Authority of the City of Lakewood was adjourned at 6:55 p.m.
Robert Sandridge - Chair Lakewood Housing Authority
Sabrina Pierre-Louis, Deputy Executive Director
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