Louisville Housing Authority Agenda and Packet 2012 05 29

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Next steps will include review of the IGA by legal counsel for BCHA, LHA, and City of Louisville, followed by approval of the IGA by the elected and appointed officials for the three entities. Proposed timeline is approval by the LHA Board on June 26, 2012, approval by BCHA the following week, and approval by Louisville City Council on July 17, 2012. Selection of Legal Services for LHA At the April Board meeting, Board members met Rod Felzien, who has previously represented LHA. Board members agreed that it would be appropriate for a small committee to interview a few firms prior to the May Public Housing Disposition Application One of the longer lead time items anticipated as part of the IGA is the HUD disposition process to transfer in preparing an application, with the understanding that it would not be finalized prior to all three entities approval of the IGA. Updates Property Management update Victoria Collins was hired on May 14, 2012 to be the new Property Manager managing the entire Louisville portfolio. Victoria comes to us with over 10 years of Property Management experience, including experience with HUD Multi-Family properties like Regal Square, senior properties like Lydia Morgan and Regal Square, and affordable housing like Lilac Place, Acme Place and Regal 2. We are excited and fortunate to have her! l as the rest of Boulder County. Even the few vacancies coming up at Lydia Morgan (2 units as of 5/31/2012) and Regal 2 (1 unit as of 5/31/2012) already have lots of interest from potential tenants. Encroachment at Acme Place We have received and reviewed the new survey. neighboring landowners. In fact, the Acme building roof overhang is property. The statutory period for adverse possession (18 years) has been met by LHA. statute, however we would have an argument based on the fact that we have maintained the property under the roof overhang. Certain technical documentation will be needed in the transfer of Acme Place if the IGA Attachments: Resolution 2012-05 Lydia Morgan Exit AprilFinancial Statements Post Office Box 471 Boulder, Colorado 80307 (303) 441-3929 TDD Colorado Relay 1-800-659-2656 9