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HomeMy WebLinkAbout1986-05-15; Rehabilitation Loan Committee Ad Hoc; MinutesMINUTES MEETING OF: Rehabilitation Loan Committee MEETING DATE: May 15, 1966 MEETING TIME: 1o:oo A.M. MEETING PLACE: Redevelopment Office 2965 Roosevelt St., Suite B GALL TO 0 RDER Meeting called to order by Chairperson - McCoy Ia2udsL Members: John McCoy, Jim Elliott, Marty Absent: Michael McDermed Orenyak. Staff Prese nt: Patricia A. Cratty, Administrative Assistant II/Redevelopment Chris Salomone, Community Redevelopment Manager APPRn UAL OF MINUTES as submitted. Minutes of February 10, 1986 were approved JTEM 1: COD MERCIAL LOA N/FORSYTH. WHITMER Staff Member Cratty stated that this loan was being brought to the Committee For a preliminary review for a commercial rehabilitation loan. The applicants, Gene Forsyth and Sandra Whitmer are asking for a loan of $35,000 to convert an existing 1,180 square foot single family house to office. Ms. Cratty stated that the plan has been before the Planning Commission and has approval. The proposed office is located adjacent to the Redevelopment Area. A detached garage will be moved as required by the Commission. Marty Orenyak stated that he wanted to see what advantages this proposal would have on the Redevelopment Area. Chairperson McCoy stated that the proposal was still in the block grant area (rehabilitation area). Discussion held on prioritizing projects that were in the the Redevelopment Area since goal of committee was to "beef" up area. Chairperson McCoy asked if there were any code violations or problems pertaining to this site. Staff Member Salomone stated that all concerns were taken care of at the Planning Commission Y MEMBERS ~~ MC COY ELLIOTT ORENYAK . MINUTES Rehabilifptinn Jrlan fhwe Paae ? S/lS/flfi level. Staff Member Cratty also mentioned that the area in question was in the process of being converted due to development of other projects to light commercial and this project would be a compatible use. Staff Member Cratty stated that the applicant has not received final bids and that this was only a preliminary review of the loan application. a problem with the front yard set back and location of parking area. design of site plan and not being able to require that the applicant change site plan since it already has Planning Commission approval. Motion by Member Elliott to continue processing of loan C$LfS,OOOI and mentioning to applicant to contact the Building Department about identifying handicap parking space and to provide path of travel to interior. Also to let applicant know loan may not be for full amount of rehabilitation. Member Orenyak stated that he had Discussion held on ITEM 2. Lfl AN STATUS Ms. Cratty explained loan status document as contained in packet further adding that all loans are up to date - no defaults on any of the loans given so far. Discussion held on letting the 7-Up Market applicants know that they still need to get the veneer up at their location. JTEM 3. WORKSHOP Staff Member Cratty stated that there was going to be a workshop and presentation with Economic Research Associates who were doing a market analysis/feasibility study in the Redevelopment Area. PFF AGEND A Staff Member Cratty stated that Mr. Graham Frazier inquired about applying for a rehabilitaion loan to rehabilitate property at \\\\\ % MEMBERS Y MC COY ELLIOTT 3RENYAK MINUTES Rehabilitation Loan Committee Page 3 5/15/86 Y MEMBERS south east corner of Madison and Arbuckle. Two adJoining lots have dilapidated structures that the applicant would either rehab or remove and rebuild. The applicant would need approximately S100,OOO to rehab. they could not support this loan. The Loan Committee agreed By proper motion meeting adjourned at lo:% am. II/Redevelopment BIB1 LEAK, Secretary II/Redevelopment Minutes Clerk