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<br />. " '. ' . ,-
<br />acknowledged they are. Fnmk Was asked if there would be any limitationso,l1 tbe reuse,or
<br />re9onstruction of the properties. Frank responded that not unless there are federal HOME Or
<br />CDBG public monies used. '
<br />
<br />, Finance Report
<br />, ':a) April financial statements " ,
<br />The AuditRFPdid go out for the 2 tax credits and LHA,thtd'ir$t pre-audit conference, was
<br />May 24th. Lisa can have itiformation next month, The contract is up forcurrentauditbrs.
<br />.Implemented rentincreasese:ff~ctiye 6/1., Lincoln Street we.,ate Ibokingats(,)me or\he
<br />'comments on improvement however may happen next year as opposed to #,lis. Question
<br />'arosepnwhy C-safewaschosen,ljisa will bringbaek,nextmeeting. ' , .
<br />,b) Options regardillgbow,c8:slJheld intheaccoUlJ.t. .
<br />
<br />, ,.'
<br />, "
<br />Probert;y . Manaf!ement/Maintenance,Re'lOrt
<br />. a)'Ren:tandOccupancy'Upda-te' ".' ',', ',' ,.,."..'. '. "
<br />, ,Cutrentvacancy in Regal Square. Sunnyside B2 is currently going tobematketed,. Lilacis
<br />doing Well. There was aresident meeting on May 4th,J$re~idetitsattended.lyesandthe
<br />restwere no's as to resideritsnotintel'ested informjngtesident council. They are going to
<br />. get city i,nvolved regarding stream and stagnantwatel' every year. " '
<br />'b)Monthly Rental Vacanc.yReport'
<br />See hoard packet ,.' , "
<br />'c) Review ohnaintenance and;property martagementisslles" , ,,:
<br />Residents wanted to mow abou.t pull cords what they ate: for and who it notifies." Residents
<br />concerned about window washing. Currently they are lookip.g,intogetting,aphone (orloeal
<br />~phone ,calls in lobby. They are, 'Working on handbook andhaving monthly meetings. Property
<br />Managers wantto get Sunnyside office up and running. No Qwest serviceforIllterp.et .
<br />connection, COincast could be ,a possibility. Sallyattended,CHF AconfereJ).cefot 435.3 and
<br />, passed test, to be certified.
<br />, . ' ..
<br />
<br />
<br />S'ection 8:HCVProe:raIi1~eJ)o:rt ..
<br />
<br />a) Monthly statistics
<br />See board packet. We are doinga good job of managing. T~erehavenotbe~nm~y
<br />changes over the paSt , several months. .
<br />
<br />Ulldatereeardine South BoulderRO'ad Property a.ndHabitM for Humanity
<br />
<br />a) City eouncil agenda item
<br />
<br />, They are almost finished with drafting the covenant. Bonnie is attending a conference.
<br />There will be a meeting June 1 st. Ideas were discussed on failin:gthecovenant~ Aclause
<br />regarding it reverting back if developer does not complete within c,ertain,years. Steve
<br />Underhill wants to know methodology for pricing. .
<br />
<br />Matters from Members of tJie,Board
<br />LHA requesting that the City waive fees or utilize existing reserves for LHA properties.
<br />Frank stated that that issue really needs to be discussed as it will impact LHA access to a
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