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Home My WebLink About1977-05-11 - Minutes - Archive• • MINUTES OF SPECIAL MEETING OF THE HOUSING AUTHORITY OF THE CITY OF FAYETTEVILLE, ARKANSAS The Housing Authority of the City of Fayetteville, Arkansas met in Special Session at 8:30 a.m., Wednesday, May 11, 1977, in the office of the Authority, #1 North School, Fayetteville, Arkansas. Upon roll call, the following were present: Commissioners Present: Taylor, Endress, Gould, Morgan, Underwood Commissioners Absent: None Others Present: Chad Kumpe, Bromo Wilson, Delbert Allen, Pat Warford, Pat Donat, Hugh Kincaid, Dave Edmark, Ronald Bumpass The Chairman ordered that the following Waiver and Consent be spread upon the Minutes: WAIVER OF NOTICE OF AND CONSENT TO SPECIAL MEETING We, the undersigned, do hereby accept notice of this SPECIAL MEETING, waiving any and all irregularities in the service of notice and do hereby consent and agree that the Commissioners of the Housing Authority of Fayetteville, Arkansas shall meet at their regular meeting place at 8:30 o'clock a.m., on the llth day of May, 1977, for the following purposes: • 1. Roll Call 2. Minutes - April 20 Regular Meeting 3. April Financial Statement 4. Resolution Establishing Fair Market Values for Disposition of Land - Project Ark. R-105 /s/ Phillip Taylor /s/ Sherman Morgan /s/ Bill Underwood /s/ Judy Endress W. Gould There being a quorum present, the following business was transacted: • • • • -2 The Minutes of the Apri1,20, 1977 regular meeting were approved by motion of Mr. Gould, seconded by Mr. Taylor, and carried unanimously. The April Financial Statement was approved by motion of Mr. Gould, seconded by Mr. Morgan, and carried unanimously. RESOLUTION NO. 264 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE HOUSING AUTHORITY OF THE CITY OF FAYETTEVILLE, ARKANSAS, ESTABLISHING FAIR MARKET VALUES FOR DISPOSITION OF LAND - PROJECT ARK. R-105 Mr. Kumpe explained that before setting a fair market value on this property, the Board must decide whether to sell the whole Center Square property on which the Old Post Office is located or just the footprint of the building. The appraisals attached to Resolution No. 264 are for the footprint only. The City has agreed to take the surrounding area and maintain as a park. Mr. Kumpe has talked to Dallas HUD concerning recovering the Housing Authority funds invested into the Old Post Office for studies and repairs. HUD stated that even if this amount were added to the purchase price of the building, it would not be refunded back into the Urban Renewal operating funds. Mr. Kumpe stated that there has been quite a bit of interest shown in this property and that there would probably be up to four proposals submitted. After discussion, Mr. Gould moved to sell the property as the footprint of the building and traffic easements only. Motion was seconded by Mrs. Endress and carried unanimously. After further discussion, Resolution No. 264 was approved by motion of Mr. Taylor, establishing the fair market value at an average of the two appraisals, $42,700.00. Motion was seconded by Mr. Gould and carried unanimously. Mr. Kumpe stated that it appears there will be no business to discuss at the May regular meeting and that he and. Mr. Wilson will be out of town. After discussion, Mr. Taylor moved to cancel the May regular meeting. Motion seconded by Mrs. Endress and carried unanimously. There being no further business, the meeting was adjourned. Zt - ATTEST: THE .�^r USING AUTHORITY •F T CI L,F F YETTE CHAIRMAN SECRET 1' Y • RESOLUTION NO. 264 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE HOUSING AUTHORITY OF THE CITY OF FAYETTEVILLE, ARKANSAS, ESTABLISHING FAIR MARKET VALUES FOR DISPOSITION OF LAND - PROJECT ARK. R-105 WHEREAS, the Housing Authority proposes to make available for development certain lands in the aforementioned project; and, WHEREAS, two re -use appraisals have been made of said lands; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE HOUSING AUTHORITY OF THE CITY OF FAYETTEVILLE, ARKANSAS, THAT: PASSED 1. The attached listing of parcels and values are hereby established and adopted. ' ' 2. The Director is hereby authorized and instructed to prepare and submit said values to the Department of Housing and Urban Development by proclaimer certificate. 3. The Authority shall proceed to solicit and accept proposals for redevelopment on said parcels in accordance with the requirements of applicable Federal and State laws and regulations. AND APPROVED THIS 11 DAY OF May 1977. HOUSING AUTHO'. TY OF HE OF FAYETT VILL . it SAS CHAIRMAN ATTES' f f w : . i • SECR • SCHEDULE OF DISPOSITION TRACTS AND VALUE FOR RESOLUTION NO. a4,11 First Second Parcel Sq.Ft. Appraisal * Appraisal ** • Market Value • C-8 7,710 $4f,400 ' ' $44,000 5.38/sq.ft: { 5.71/sq.ft. $4;700 METHOD OF SALE OF THE AFOREMENTIONED PARCEL SHALL BE BY FIXED-PRICE COMPETITION METHOD. *First Appraisal made by 0.J. Snow 10/8/76. **Second Appraisal made by James Sullivan 12/29/76. • PROCLAIMER CERTIFICATE RELATIVE TO ESTABLISHMENT OF FAIR REUSE VALUE I, Chad Kumpe, the duly appointed, qualified, and acting Executive Director of the Housing Authority of the City of Fayetteville, Arkansas, herein called the "Local Public Agency", hereby certifiy that I have been authorized, by Resolution No. 264 , duly adopted by the Board of Commissioners of the Local Public Agency at a special meeting on May 11, 1977 , as set forth in the minute book on file at the Housing Authority, to make the following certification and that the statements contained herein are true and correct to the best of my knowledge and belief: 1. Each parcel in the Center Square Urban Renewal Area, Project No. Ark. R -10S listed in this proclaimer certificate has been appraised by at least two qualified, independent, professional real estate appraisers and a written and signed copy of each such appraisal is contained in the Local Public Agency files. 2. Each such appraisal has been reviewed by Chad Kumpe, a qualified Local Public Agency staff appraiser and all corrections, revisions, or additions requested by such reviews have been made by the original appraisers. 3. The reviewer has prepared a written report which indicates that the appraisals are complete and consistent in the factual data contained therein, comply with existing statutory and administrative requirements for the U.S. Department of Housing and Urban Development and a.re acceptable for the determination of fair value. 4. Based upon such appraisals and the review thereof, the Local Public Agency has established the fair "value, for the reuse indicated, of the parcels listed below within the Center Square Urban Renewal Area and all documentation related to such determination is contained and readily available in the Local Public Agency files. 5. The sum of the following is not less than the amount included for disposition proceeds in the latest approved financing plan as approved by HUD on December 22, 1971. a. Sales proceeds fromthe sale of property previously conveyed. b. Fair reuse values previously approved by HUD for properties not conveyed. c. Fair reuse values previously established by the LPA for property not conveyed but included in prior proclaimer certificates. d. Fair reuse values established by the LPA for property included in the proclaimer being filed. e. The disposition prices of the remaining properties to be conveyed as those prices were estimated for the purpose of the above mentioned approved financing plan. r 2 ° LISTING OF PARCELS TO BE SOLD • PARCEL NUMBER AREA iN SQUARE FEET USE C-8 7,710 Commercial Any false statement made knowingly herein may subject 'the signer to civil penalties'under Section 231 b Title 31 of the United States Code and, if such statements are made willfully and knowingly, to conviction for a felony under Section 1001 of Title 18 of the United States Code, .May 11, 1977 Date • • • • Chad K;,pe Executive Director Housing Authority of the City of Fayetteville, Arkansas 72701 • • • • • 1 Pi