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HomeMy WebLinkAboutminutes.APCHA.19800721 ;HNUTES OF THE JULY 21, 1980 MEETING OF THE PITKIN COUNTY HOUSING AUTHORITY BOARD OF COMMISSIONERS The meeting was called to order at 1:45 by Chairman Michael Kinsley. Members present: Staff present: Michael Kinsley Bob Child Jim Hamilton Gail Mahoney %. Items for Action 1.1) Approval of the Minutes for the June 16, 1980 meeting. Kinsley asked for a change in the minutes to re- flect a better explanation of the appreciation rate on PMH projects. He said that the change should indicate that the 6% annual appreciation cap is only to be used until the Housing Authority develops a wage index which will then be used to determine the new appreciation rate. It was moved by Child to approve the minutes as amended. The motion was seconded by Kinsley and passed unanimously. II. Items for Discussion 2.1) Aspen Highlands P.M.H. Unit Pricing Hamilton explained that some decision needed to be made regarding the prices of the units for the Highlands project. It was pointed out that the per unit construction costs would be $65,000. Highlands indicated that they wished to recover some costs of the land on which the project would be build. After some discussion, it was determined that $9,000 per unit would be acceptable. . . The units, when finished, will be sold for $74,000 per uni t. Page Two Minutes of July 21, 1980 Meeting September 12, 1980 2.2) Feasibility Study on the County's P.M.H. Project at Castle Creek Hamilton reviewed the options the Commissioners identified for the probable development on the County land south of the hospital. Hamilton indicated that he would like to hire Don Ball of Jacobs and Ball Architects to do a feasibility study for the site. He said that about $4,000 would need to be allo- cated for the study. County Manager, Curt Stewart, asked why Hamilton had decided to use this architectural firm. Hamilton explained that this was the only firm in the area with on-line experience ,in modular design and construction. He said he had determined that the most economical construction method for employee housing develop- ment was the modular method. The Commissioners generally favored the study but said they needed a more detailed budget. They also indicated they would rather take action for approval of the study at the Board of County Commissioners' meeting. 2.3) Update on Ullman Legislation/Consideration for Revenue Bonding Duane Lankford, the County's financial advisor, informed the Commissioners that there may be an opportunity for the county to insure bonds for both rental and ownership projects. He said that, although there is some question on the status of tax exempt bonds for ownership he believed it would be determined that such use would be allowed. III. Item for Information 3.1) Housing Development Program Report Hamilton explained that he would be composing a memo describing the projected employee housing development which should take place over the next 18 months. IV. Adjournment A motion by Child to adjourn was seconded by Kinsley and passed unanimously. Meeting was adjourned at 3:40 p.m. Page Two Minutes of July 21, 1980 Meeting September 12, 1980 2.2) Feasibility Study on the County's P.M.H. Project at Castle Creek. Hamilton reviewed the options the Commissioners identified for the probable development on the County land south of the hospital. Hamilton indicated that he would like to hire Don Ball of Jacobs and Ball Architects to do a feasibility study for the site. He said that about $4,000 would need to be allo- cated for the study. County Manager, Curt Stewart, asked why Hamilton had decided to use this architectural firm. Hamilton explained that this was the only firm in the area with on-line experience in modular design and construction. He said he had determined that the most economical construction method for employee housing develop- ment was the modular method. The Commissioners generally favored the study but said they needed a more detailed budget. They also indicated they would rather take action fat approval of the study at the Board of County Commissioners'meeting. 2.3) Update on Ullman Legislation/Consideration for Revenue Bonding Duane Lankford, the County's financial advisor, informed the Commissioners that there may be an opportunity for the County to issue bonds for both rental and ownership projects. He said that, although there is some question on the status of using the tax exempt bonds for ownership he believed it would be determined that such use would be allowed. III. Items for Information 3.1) Housing Development Program Report Hamilton explained that he would be composing a memo describing the projected employee housing development which should take place over the next 18 months. IV. Adjournment A motion was made by Child to adjourn. Motion was seconded by Kinsley and passed unanimously. Meeting adjourned at 3:40 p.m.