HomeMy WebLinkAbout1985-12-20; Rehabilitation Loan Committee Ad Hoc; MinutesMINUTES Meetins: Rehabilitation Loan Committee d Date: December 20, 1985
Time : 1:30 PM Place: Redevelopment Office Conference Room
2965 Roosevelt St., Suite B
JALL TO ORDER:
ileeting called to order by Chairman McCoy at 1:35PM.
3OLL CALL:
?resent: JIM ELLIOTT- Finance Director
JOHN MC COY: Housing and
Redevelopment Advisory Committee
Chairperson
MICHAEL MC DERMED: Bank Rep.
MARTY ORENAYAK: Building and Planning Director
3taf f Present:
Patricia Cratty, Administrative Assistant II/Redevelopment
Chris Salomone, Community Redev. Mgi
ITEMS :
3LD BUSINESS :
1. COMMERCIAL LOAN - WALKER/GILBERT
Staff Member Cratty gave report as contained in
?acket stating that this request for commercial
rehabilitation loan was for $37,700 for work for
site improvements at 417 Elm Avenue. Ms Cratty
stated that at their previous meeting the committee
lad denied a request for $18,622 for work that was
ilready completed at the site. At their meeting of
Jovember 7, 1985, the committee had requested that
:he applicant submit two bids for work to be done. Cwo bids have been received: Michael Straub, $38,665
ind Richard Brothers Construction $36,100. Staff
idded that subsequently there has been a problem wit1
:he roof and an additional $3,850 is requested to be
idded to the loan bringing total loan request to
j39,950.
Is Cratty stated that the Bank of America will appro\
Loan with appraisal. Cost of appraisal is $2,300
20 $2,700 to verify equity in property. Applicant
is asking that a grant be given for appraisal.
:omittee felt that cost for appraisal was high.
)iscussion held on bids submitted and breakdowns if estimates for work needed to be completed.
Staff member Salomone showed photos of site and ixplained work that will be done.
After further discussion the committee took action
on the following:
1 - Applicant shall prepare detailed plans and itemized work specifications. Two or three
bids shall be submitted directly to the City on
Contractor letterhead using itemized
specifications for work to be performed in the future.
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MINUTES
Rehabilitation Loan Committee PAGE 2 12/20/85
2 - Loan processing be discontinued until flower
stand on site is either removed or approved
by Design Review Board.
INFORMATION ITEM/UPDATE
2. EXPANSION OF RESIDENTIAL LOAN PROGRAM
Staff member Cratty gave report as contained in
packet stating that City Council at their meeting
of December 3, 1985, approved expanding the
Residential Rehabilitation Loan Program City-wide.
Staff mentioned that the Board of Supervisors will
act on the amendment at their January 7, 1986,
meeting.
3. 12TH YEAR CDBG PROJECT SELECTION
Staff member Cratty gave report as contained in
packet stating that City Council had selected
projects for funding for 12 th Year CDBG funding.
Ms Cratty stated that $30,000 was been allocated
for Commercial RehabilitaGion Loan Program and
$30,000 for Residential Rehabilitation Loan Program
as recommended by committee. Funding will become
available next November.
By proper motion meeting adjourned at 2:02 PM.
Respectfully Submitted,
n k@-G J&fg
PATRICIA A. CRAT
Administrative
Redeve lopmen t
BIB1 LEAK
Secretary/Redevelopment
Acting Minutes Clerk
MEMBERS \
c COY
RENYAK
C DERMED
LLIOTT