Tuesday, February 7, 2012

MONDAY COUNCIL MEETING 2/6/12 (Housing Problems)

There were only 2 items on the agenda at last night's city council meeting but there was plenty to discuss.  The main issue was R-12-03 which passed 6-3, and yes I was one of the six voting in favor of this resolution. 


It is not that I am opposed to safe and affordable housing for our elderly or that I am opposed to the Reitz building being renovated.  The problem I saw was that it appeared that the company would not be able to proceed without the tax credits.  Additionally, I could not see how this company could make a profit with the numbers we were given.  The cost of renovation was around 12 million, and each unit costing $167,000.  With the rental income being generated at an average of $500.00 a month or so, how will this generate a profit?  It just did not seem that the Sterling Group had done the profit amount of research.

The other proposed housing development, the Summit Springs, was not even discussed at the meeting.  I do not believe this development is necessary, especially considering the proposed location.

There is sure to be more to come, especially concerning the Reitz building which is in a prime location and would make a beautiful building for loft style apartments.

7 comments:

The New Albanian said...

The cost of renovation was around 12 million, and each unit costing $167,000. With the rental income being generated at an average of $500.00 a month or so, how will this generate a profit?

Because it is an investment that will pay back over time.

Anonymous said...

Shirley-As an at-large representative of the entire city, how do you feel about the city attorney physically attacking your attorney? Is there going to be any action taken or will everyone ignore the problem?

shirley baird said...

I was saddened by the altercation between Mr. Robison and Mr. Lorch. As far as I know the council has not become involved.

Since the City Attorney reports to the Mayor, I suggest that you discuss this problem with Mayor Gahan.

Anonymous said...

I would like to know what your position is on part time healthcare and what Mrs. Denhart exposed at that council meeting. Do you feel like many of us do that there is more going on or hidden from the council and us taxpaers?

shirley baird said...

I do not believe that part time employees should receive full time benefits.

I believe that some people may be keeping secrets but eventually everything comes out in the open.

Anonymous said...

Can you start printing the agenda for Council on your blog a couple of days before the meeting? Thanks.

shirley baird said...

Will do.

thanks