GCRA Board Meeting March 23, 2021
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GCRA Board Meeting March 23, 2021 1 April 2021 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 Good Friday Office Closed 4 5 6 7 8 9 10 12:30 P.M. Operations Easter Sunday Committee Meeting GCRA Zoom 11 12 13 14 15 16 17 12:30 P.M. Administration Committee Meeting GCRA Zoom 18 19 20 21 22 23 24 25 26 27 28 29 30 12:30 P.M. Board Meeting GCRA Zoom Template © calendarlabs.com 2 May 2021 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 12:30 P.M. 12:30 P.M. Administration Operations Mother's Day Committee Meeting Committee Meeting GCRA Zoom GCRA Zoom 16 17 18 19 20 21 22 23 24 25 26 27 28 29 12:30 P.M. Board Meeting GCRA Zoom 30 31 Memorial Day Office Closed Template © calendarlabs.com 3 GCRA BOARD MEETING AGENDA TUESDAY, MARCH 23, 2021 – 12:30 P.M. Teleconference: 929-205-6099; Meeting ID: 871 6809 5768; Passcode: 273379 Walter Moragne, Chairman 1) Invocation 2) *Approval of the February 23,2021 Minutes (Pages 5-6) 3) Administration Committee (Pages 7-11) a) * Approval of 2021 CDBG Public Service Subrecipients b) * Approval of 2021 CDBG Rehab/Home Repair Subrecipients c) * Approval of 2021 ESG Subrecipients d) * Approval of 2021 CHDO Subrecipients e) * Approval of 2021 HOME and Affordable Housing Subrecipients f) * Approval of ESG-CV2 Budget Allocations Round Two g) * Approval of CDBG – CV3 Budget Allocations Round Two 4) Operations Committee (Pages 12-15) a) * Approval of Construction Cost & Sales Price Update 5) Greenville Revitalization Corporation Update 6) Other Business a) Executive Director’s Update 7) Executive Session. When necessary, the Board convenes in Executive Session for the discussion of negotiations incidental to proposed contractual arrangements and proposed sale or purchase of property, the receipt of legal advice where the legal advice relates to a pending, threatened, or potential claim or other matters covered by the attorney-client privilege, settlement of legal claims, or the position of the public agency in other adversary situations involving the assertion against the Redevelopment Authority of a claim, or other matters authorized by the South Carolina Freedom of Information Act. 8) Adjournment 4 GCRA Greenville County Redevelopment Authority MINUTES GREENVILLE COUNTY REDEVELOPMENT AUTHORITY REGULAR SESSION VIA ZOOM TUESDAY, FEBRUARY 23, 2021 BOARD MEMBERS PRESENT: Walter Moragne, Chairman Charlotte Osmer, Vice-Chair Jane Kizer, Treasurer Lawrence Black Amy Coleman Barry Coleman David A. Doser James Hammond Melody Harris Erin Smith Lawson Wetli BOARD MEMBERS ABSENT: K. Todd Yeomans STAFF MEMBERS PRESENT: John Castile, Executive Director Imma Nwobodu, Program Director Joe Smith, Operations Director Pamela Proner, Finance Director Beverly Robertson, Executive Assistant/HR Manager 1. Opening and Roll Call. The meeting was called to order by the Chairman at 12:30 p.m. 2. Invocation. 3. Approval of the January 26, 2021 Minutes. On a motion by Ms. Coleman, seconded by Mr. Hammond, the Board unanimously approved the minutes of the January 26, 2021 Board meeting as presented. 4. Administration Committee Reports. a) Approval of ESG-CV2 & CDBG-CV3 Budget Ailocations. Ms. Wetli stated that there was one item for the Board's consideration and approval. This related funding is divided into ESG and CDBG funding. The Committee unanimously supported the recommendation from the staff. This round of ESG-CV2 funding is for about $1. 9 million. The recommendation was to keep United Housing Connections and Greenville Human Relations as the subrecipients for this. Additionally, the second round for CDBG-CV3 is for about $2.3 million. Staff is requesting proposals from shelter and outreach program providers for this. On a motion by Committee, the Board unanimously approved the ESG-CV2 & CDBG CV3 Budget Allocations as presented. 5 Regular Session Minutes February 23, 2021 Page 2 of2 5. Operations Committee Report. a) Approval of Sales Price Profile. Mr. Doser stated that this sales price profile is for 7 Malone Street in the Pleasant Valley community. This is set at a higher price than most of our typical homes. The reason GCRA has this home is that it was a repair project done years ago. The house was foreclosed on and then GCRA acquired it, repaired it, and leased it back to those owners who had previously lived there. Now, they no longer live there. The home was in need of repair again once the tenants vacated. GCRA is now looking to sell it instead of putting it back into the rental portfolio. The sale price is the appraised value of $240,000. Mr. Moragne asked Mr. Smith if the appraisers did comps on the house. Mr. Smith said yes, there were three comps done in the area and the comps were close. On a motion by Committee, the Board unanimously approved the Sales Price Profile as presented. b) Approval of Associate Maintenance Technician Position. Mr. Doser stated that this position would be used to perform routine maintenance for the rental portfolio. It will be an hourly position and will require the purchase of a van or truck and tools. This position will report directly to Mr. Smith. Mr. Castile clarified there will also be a need to eventually bring on an additional maintenance technician later. On a motion by Committee, the Board unanimously approved the hiring of a full-time Associate Maintenance Technician Position as presented. 6. Other Business. a) Executive Director's Memo. Mr. Castile stated that the sale of Poe Mill has closed, and the funds have been deposited into GCRA's account. The next step will be to decide on how to invest those proceeds. There has been discussion of a having a rainy-day fund. This gives GCRA more opportunities to do a variety of things. GCRA is progressing with the Piedmont Shirt Factory and has received notification for the petition for a hearing for the closure of the roadway. By next month, a closing date should be set. Staff is in the midst of the notice of funding. GCRA has about five or six projects that are primarily low-income tax credit projects in the works. Recommendations will be coming back to the Board via Committee on which projects staff recommends. 7. Adjournment. There being no further business, and on a motion by Mr. Doser, seconded by Ms. Coleman, the meeting was adjourned at 1 :04 p.m. Secretary 6 GCRA Greenville County Redevelopment Authority MEMORANDUM TO: GCRA Board Members FROM: Lawson Wetli, Administration Committee Chair RE: Administration Committee Meeting, March 9, 2021 DATE: March 9, 2021 1. Opening and Roll Call. The Administration Committee met on Tuesday, March 9, 2021 at 12:30 p.m. Committee members present were: Lawrence Black, Jane Kizer, Walter Moragne, Erin Smith, and Lawson Wetli. K. Todd Yeomans was absent. Staff members present were John Castile, Executive Director; Imma Nwobodu, Program Director; Pamela Proner, Finance Director; Beverly Robertson, Human Resources Manager and Assistant to the Executive Director; Jose Reynoso, Outreach Specialist; and Tiphany Powell, Associate Community Engagement Specialist. Action Items: The following items which were considered by the Administration Committee must be approved or ratified by the Board. 2. * Approval of the Establishment of an Unrestricted Reserve Account. Mr. Castile stated that staff has been making progress on past projects. As GCRA moves forward, there has been discussion on what needs to be done to prepare for the future and preserve the flexibility of the Board to make decisions on projects that could impact the mission and vision of the organization. Most are aware that the proceeds from the Poe Mill property has been received and deposited into GCRA' s account. There are some things that needs to be done in order to put GCRA in the best financial position possible including holding back some reserve funds. Ms. Proner stated that at the end of January 2021, GCRA had $1.1 million of unrestricted funds. Most of that was from the sale of Poe Mill. There were some closing costs and transfers to Operations. This leaves a balance of $984,000 in the unrestricted account. GCRA has some new construction projects that may need to be supplemented with unrestricted funding, possibly paired with bank funding. Ms. Proner talked about setting a reserve fund in case federal funding or anything else is affected. This fund would be specifically set aside, not to be used unless it was agree on its use with Board approval. Ms. Proner felt that $500,000 was a good level for the size of the organization. It was also a good target to reach toward. Ms. Proner proposed to make it $250,000 starting off and then move the rest of it at a later time, potentially after the sale of the Piedmont Shirt Factory. Mr. Castile stated by establishing a reserve account, it www.gcra-sc.org 7 Administration Committee Minutes March 9, 2021 Page 2 of5 accomplishes a couple of things. One it gets the organization accustomed to budgeting unrestricted funds and to make the reliance on bank funds minimal. The second thing this does is enhances GCRA's creditworthiness and hopefully GCRA will be able to obtain a better rate by having some reserves. Mr. Moragne asked why staff did not transfer $460,000 to Operating from the Poe Mill sale. Ms. Proner said that first there was a need to satisfied the bank loan with the sale of all the Ruddy Creek and Walcott homes. Mr. Moragne asked how the request and the approval will be for funds to move out of the unrestricted reserve fund.