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06/05/2007 NEIGHBORHOOD & AFFORDABLE HOUSING ADVISORY BOARD SPECIAL MEETING MINUTES CITY OF CLEARWATER June 5, 2007 Present: Lisa Hughes Chair Donald Brackett Vice Chair Kip Corriveau Board Member Peggy M. Cutkomp Board Member Absent: Laurel Braswell Board Member John Sabatier Board Member Josephine Carbone Board Member Also Present: Geri Campos Economic Development & Housing Director Michael Holmes Housing Manager Brenda Moses Board Reporter The Chair called the meeting to order at 9:10 a.m. at City Hall. To provide continuity for research, items are in agenda order although not necessarily discussed in that order. 3 – Presentation of Leo Lane Apartment Acquisition Project – Jerry Spilatro – Community Service Foundation Community Service Foundation (CSF) Executive Director Jerry Spilatro reviewed the Leo Lane Apartment Acquisition Project, which would provide affordable rental housing to 22 households. CSF requests to borrow $300,000 from City of Clearwater Pinellas County Trust funds to purchase the project. City funds will be combined with $1,050,000 in HOME (Housing Opportunity Made Equal) funds from Pinellas County and $150,000 in CSF funds. Sixteen units will be rented to households earning less than 60% of median household incomes, and of those, at least four units will be rented to households earning less than 50% of median household incomes. The remaining six units will be rented to households earning between 60% and 80% of median household incomes. In response to questions, Mr. Spilatro said handicapped tenants currently occupy several units. He said a 45-day due diligence time period after the purchase contract is accepted allows sufficient time to perform necessary inspections, appraisals, surveys, title reports, a Phase I environmental audit, etc. The property inspector has indicated the property is in good shape, except for older air conditioning units that require replacement. Mr. Spilatro said many current tenants meet HUD (Housing and Urban Development) income guidelines. Tenants will not have to move unless their incomes exceed allowable levels. He said zoning allows 16 units per acre. While three additional units could be built, future construction is not planned. He said CSF normally does not permit pets. However, as some tenants already own pets, charging a pet deposit or fee is under consideration. Member Corriveau moved to approve the CSF (Community Services Foundation) request for $300,000 in City of Clearwater Pinellas County Trust funds towards purchase of the motioncarried Leo Lane Apartments. The was duly seconded and unanimously. Neighborhood & Affordable Housing Special 2007-06-05 1 4 - New/Old Business Housing Manager Michael Holmes said next week, staff will mail board members proposed rankings for the Consolidated Action Plan. 5 - Next Meetinq The next regular meeting is scheduled for July 10, 2007 at 9:00 a.m. 6 - Adiournment The meeting adjourned at 9:22 a.m. ~)~ Board Reporter Neighborhood & Affordable Housing Special 2007-06-05 2