Loading...
HomeMy WebLinkAboutHousing & Redevelopment Authority Minutes 09-09-2010APPROVED MINUTES PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY SPECIAL MEETING September 9, 2010 PRESENT: Chairman Jeff Kulaszewicz, Commissioners Steve Ludovissie, Paul Caryotakis and Bob Stein ABSENT: Commissioner David Miller STAFF PRESENT: Housing Program Manager Jim Barnes OTHERS PRESENT: None 1. CALL TO ORDER Chairman Kulaszewicz called the Plymouth Housing and Redevelopment Authority meeting to order at 6:40 P.M. 2. NEW BUSINESS A. Consider redeeming the property located at 3325 Garland Lane North from foreclosure Housing Programs Manger Barnes provided the board with an overview of the staff report. The Board discussed the report. Commissioner Ludovissie asked for clarification on the loans on the property. Housing Manager Barnes indicated that we are aware of three liens against the property. The first and third lien is held by City County Federal Credit Union and the second lien is held by the HRA. Commissioner Caryotakis stated that there are two sides to this request. We have the financial side that we need to consider and whether it is a good business decision and then we have the side of considering what our mission is and is this a prudent thing to do to assist this family. Commissioner Ludovissie agreed and stated that along with the investment to acquire the property we will most likely have maintenance and upkeep costs while we own the property. Commissioner Stein asked for a further explanation of how much it would cost us up front. Housing Manager Barnes explained the process and how the bidding process works in order to protect the HRA's interest in the property. Commissioner Caryotakis stated that we could offer a lower amount, however we could possible be outbid and lose the property. He added that if we did this we would still receive our money back that is owed on the second mortgage. Commissioner Stein asked how the rent would be determined. Housing Manager Barnes explained that staff was considering using the Section 8 model where a renter would pay 30% of their income towards rent. He also indicated that the renter would be responsible for all utilities Approved Plymouth Housing and Redevelopment Authority September 9, 2010 Page 2 and the HRA would add the cost of taxes and insurance to the rent amount so that the HRA could ensure that those items were paid. Chair Kulaszewicz asked about the $50,000 being provided by the current owners ex -brother-in- law. Housing Programs Manager Barnes explained how the contribution would work. Commissioner Caryotakis asked if it was legal for him to donate money to the HRA. Housing Program Manager Barnes indicated that it was and that when the funds were donated we would bring a resolution before the board acknowledging the funds and accepting the donation. MOTION by Commissioner Stein, seconded by Commissioner Kulaszewicz. Vote. 4 Ayes. MOTION approved unanimously. 3. ADJOURNMENT MOTION by Chairman Kulaszewicz to adjourn the meeting at 7:15 p.m.