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HomeMy WebLinkAboutHousing & Redevelopment Authority Minutes 01-23-2014APPROVED MINUTES PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY JANUARY 23, 2014 PRESENT: Chairman Jeff Kulaszewicz, Commissioner Jim Willis, and Commissioner Toni Jelinek ABSENT: Commissioner Paul Caryotakis STAFF PRESENT: Housing Program Manager Jim Barnes, HRA Executive Director Steve Juetten, Housing Specialist Spencer Agnew, and Office Support Representative Tina Beckfeld OTHER: Grace Management Representative Jodi Bodigheimer and Oppidan Representative Paul Tucci 1. CALL TO ORDER Chairman Kulaszewicz called the Plymouth Housing and Redevelopment Authority meeting to order at 7:02 p.m. 2. CONSENT AGENDA A. Approve November 21, 2013 HRA Meeting Minutes. B. Plymouth Towne Square. Accept Monthly Housing Reports Chairman Kulaszewicz had a question about the December Plymouth Towne Square investment income. Housing Programs Manager Barnes stated the losses were due to lower than expected investment results. C. Vicksburg Crossing. Accept Monthly Housing/Marketing Reports Chairman Kulaszewicz inquired about the gain in the investment fund and the increased interest expense. Housing Manager Barnes stated that these two items are a result of the crossover refunding that was done in 2012. Government accounting rules require us to show the interest paid in our finacials. Commissioner Jelinek asked why Plymouth Towne Square had a yearly net income and Vicksburg Crossing had a yearly net loss. Housing Manager Barnes explained that Plymouth Towne Square was under budget for the year and Vicksburg Crossing's loss was a result of the crossover bonds. Approved Plymouth Housing and Redevelopment Authority January 23, 2014 Page 2 Chairman Kulaszewicz commented that he was pleased to see the reduction in cost of the Unit Turnover line item in the Plymouth Towne Square budget. Grace Management Representative Bodigheimer explained there was less turn over and the larger expenses, such as flooring replacement, were limited. MOTION by Commissioner Willis, seconded by Commissioner Jelinek to approve the consent agenda. Vote. 3 Ayes. MOTION approved. 3. NEW BUSINESS A. TIF District 1-3 (Oppidan). Consider request to waive requirements of 100% completion of Phase 1 prior to note issuance. Housing Manager Barnes gave an overview of the staff report. Chairman Kulaszewicz asked about what portion of the note was to be released. Housing Manager Barnes replied $225,00.00 as per the terms of the Redevelopment Agreement. Commissioner Jelinek inquired over what period of time the note will be paid. Housing Manager Barnes replied 25 years which started a couple years ago. HRA Executive Director Juetten added the note concludes at the early of February 1, 2034 or the 1,899,000.00 is paid in full. Oppidan Representative Paul Tucci stated that the projects certified public costs are approximately $2,300,000.00. Oppidan is not requesting a reduction of the $526,000.00 letter of credit providing ample collateral. Chairman Kulaszewicz asked if the rise in water level of the watershed near the development has been inspected. HRA Executive Director Juetten responded that Public Works Director Doran Cote has extensively researched the concern of rise of the watershed and concluded that the development has not been the cause. Commissioner Willis asked when Phase II asphalt is projected to be finished. Mr. Tucci responded they are obligated to complete the asphalt for Phase II by September 2014 but the goal is June 1, 2014. Approved Plymouth Housing and Redevelopment Authority January 23, 2014 Page 3 MOTION by Commissioner Willis, seconded by Chairman Kulaszewicz to adopt the resolution approving the waiver to Section 5.1 of the Redevelopment Agreement and approve the issuance of the TIF note to KTJ 198, LLC. Vote. 3 Ayes. MOTION approved. B. Consider New Program. Consider creating a program to assist with Architectural Design Services. Housing Specialist Agnew gave an overview of the staff report. Commissioner Jelinek asked the purpose of the consultation. Housing Manager Barnes stated the intent of the program is to provide an opportunity for residents to consider the feasibility of a home renovation with an architect. The goal is to improve the value of Plymouth housing stock. Chairman Kulaszewicz suggested that the program be geared toward the age of the property verses affordability. Housing Manager Barnes suggested a program budget cap of $5,000.00 for the first year with an evaluation at year end. Commissioner Willis felt that a $250.00 consultation would not compel a homeowner to do a costly renovation. Chairman Kulaszewicz stated he believes a resident most likely to use the program would be one who wants to explore if the project they were considering is feasible. Commissioner Jelinek stated that by using this program homeowners might achieve better results than had they not consulted with an architect. HRA Executive Director Juetten added the impartial consultation would provide refined design ideas to bring to competing contractors for bid. Commissioner Jelinek stated the program is low risk with a budget cap of $5,000.00. Commissioner Willis asked how the program would be evaluated. HRA Executive Director Juetten replied that the program could be evaluated by what percentage of participants actually went forward with the proposed project. Housing Manager Barnes added that the participants could also be polled for their opinion of the program afterward. Chairman Kulaszewicz asked where funds for the program would come from. Approved Plymouth Housing and Redevelopment Authority January 23, 2014 Page 4 Housing Manager Barnes replied that it would come from HRA general funds. In future years if the program continued a line item would be added to the budget. Chairman Kulaszewicz stated a mandate of the HRA is to increase the value of Plymouth housing stock and he would be in favor of trying the Architectural Design Services program for homes that are at least 30 years old. Commissioner Jelinek state that she would also be in favor of trying the program as a pilot with an evaluation of its effectiveness after a year. She suggested that the first year the program could be open to anyone with a program budget cap of $5,000.00. HRA Executive Director Juetten stated the intent was to improve the older housing stock, 30 years and older. MOTION by Chairman Kulaszewicz, seconded by Commissioner Jelinek to create a one year pilot program to be evaluated at year end, funded by the HRA to assist homeowners with homes 30 years or older in obtaining architectural design services for home renovation projects with a 5,000.00 budget cap. Vote. 2 Ayes. 1 Nay. Commissioner Willis voted Nay. MOTION approved. 4. ADJOURNMENT MOTION by Chairman Kulaszewicz, seconded by Commissioner Willis, to adjourn the meeting at 7:50 p.m.