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I <br />MAR 51990 Boa 42 'SAGE 887 <br />MR. REGAN POINTED OUT THAT WE NOW ARE WORKING TO SET UP <br />THE HOUSING AUTHORITY, AND THIS PROGRAM IS JUST THE FIRST STAGE OF <br />THESE ACTIVITIES. <br />CHAIRMAN SIEBERT NOTED THAT WE ALSO ARE ASKING FOR ANOTHER <br />$79,000 IN THE NEXT SIX MONTHS FOR ANOTHER 85 UNITS. <br />COMMUNITY DEVELOPMENT DIRECTOR REGAN STATED THAT IF WE <br />HAVE BEEN MAKING EFFORTS AND ARE GETTING REASONABLE RESULTS, THE <br />GOVERNMENT WILL STAY WITH THE PROGRAM. HE BELIEVED HE COULD DEFEND <br />THE COUNTY'S POSITION TO THE GOVERNMENT THOROUGHLY AT THIS MOMENT. <br />COMMISSIONER WODTKE ASKED HOW MUCH OF THE $40,000 START-UP <br />FUNDS FOR THE 120 UNITS UNDER THE 60 MONTH GRANT WE HAVE DRAWN DOWN, <br />AND MR. REGAN STATED THAT WE HAVE DRAWN HALF. MR. REGAN THEN EX- <br />PLAINED THAT AFTER WE HAVE GONE THROUGH THE FIRST YEAR, YOU ARE PAID <br />$15.00 PER UNIT FOR WHAT YOU ARE HANDLING, OR 8-1/2% OF THE TOTAL <br />RENTAL, WHICHEVER IS GREATER, AND WE WILL BE ABLE TO CARRY OVER INTO <br />THE SECOND YEAR ANY FEES WE HAVE MADE THIS YEAR. HE FURTHER NOTED <br />THAT $10,000 WENT INTO EQUIPMENT SO WE ACTUALLY WERE GIVEN $50,000 <br />FOR START UP, <br />CHAIRMAN SIEBERT CONTINUED TO DISCUSS THE REQUISITION <br />FIGURES, AND MR. REGAN NOTED THAT IF WE DON T GET ENOUGH MONEY, THERE <br />IS NO WAY TO COVER THE RENTS. <br />CHAIRMAN SIEBERT STATED THAT WE HAVE PAID $1,931.00 IN <br />HOUSING ASSISTANCE SO FAR, AND THE REQUISITION IS SAYING THAT IN THE <br />NEXT MONTHS, WE WILL SPEND $93,000. <br />MR. REGAN POINTED OUT THAT MOST OF THE LEASES WERE SIGNED <br />IN THE LAST TWO WEEKS. HE FURTHER NOTED THAT THE GOVERNMENT HAS <br />ALLOCATED THIS OVER A YEAR S TIME, AND IF THE FUNDS AREN'T DRAWN <br />DOWN, THEY TAKE THEM BACK. HE STATED THAT HIS BEST INFORMATION FROM <br />HUD IS THAT WE WOULD BE IN ERROR NOT TO ASK FOR THESE FUNDS. <br />COMMISSIONER WODTKE STATED THAT HE D+ID NOT WANT TO GET <br />TO THE POINT WHERE WE HAVE USED THE $40,000 START UP FUNDS AND HAVE <br />TO GET IN THE POSITION OF SENDING BACK MONEY WE DON T HAVE, HE FELT <br />WE SHOULD KEEP HUD APPRISED OF OUR EFFORTS AS WE.GO ALONG AND OF THE <br />FACT THAT WE DO HAVE APPLICANTS, BUT NOT ENOUGH UNITS IN THE PROPER <br />RATE STRUCTURE. <br />MAREP980 <br />