HomeMy Public PortalAboutAB 08-143 NHS ReportMcCALL CITY COUNCIL
AGENDA BILL
Number
Meeting Date
216 East Park Street
McCall, ID 83638
AB08-143
July 10, 2008
AGENDA ITEM INFORMATION
SUBJECT:
Neighborhood Housing Services
Approvals: Department/
Committee/Individual
Initials
Remarks
(Originator/
Support)
Mayor /Council
City Manager
originator
Community Development
Treasurer
Clerk, Deputy City Clerk
Police Department
Public Works
Golf Operations
COST IMPACT:
Parks & Recreation
FUNDING SOURCE:
Airport
Library
TIMELINE:
City Attorney
Grant Coordinator
SUMMARY STATEMENT:
Lynn Cundick, Neighborhood Housing Services, will discuss
NHS' work with the City. See his letter, attached.
In order to better reach the target market and reduce the
$140,000—$145,000, the following steps are proposed:
1. NHS will reduce their development fee by $7,000.
2. VARHA will reduce their administrative fee by $3,000.
3. VARHA will increase the appreciation cap from 4%
4. The original $175,000 provided by the City to
further reduce the sale price.
Additionally, NHS is requesting that the Memorandum
terminated, upon the completion of the McCall Avenue homes
development services to be provided to the City by NHS.
owned property.
the status of the McCall Avenue homes and
sale price of the homes from $173,500—$176,000 to
annually to 8% annually.
NHS will be transferred to VARHA and used to
of Understanding between NHS and the City be
project. The MOU covers community housing
There are no immediate projects planned for City -
RECOMMENDED ACTION:
Provide direction to staff regarding the proposals from NHS.
RECORD OF COUNCIL ACTION
Meeting Date
ACTION