Community Development Advisory Council
Called Board Meeting Minutes
August 30, 2011
A Called Meeting of the Community Development Advisory Council was held at the
Government Center, 1st Floor Conference Room, 100 10th Street, on August 30,
2011.
Members Present: Andrea Franklin, Harold Funderburg, Sally Haskins, Charles
McDaniel, Marvin Moore, Claudya Muller, Carla Thomas
Members Absent: Clementine Cochran, Kim Jenkins
CALL TO ORDER:
The meeting was called to order by Harold Funderburg, Chair. A quorum was
present. The purpose of the meeting was to review a request from Fourth
Street Towers, Inc. for the use of HOME funds for a housing project located at
543 3rd Avenue. The project would be for low/moderate income individuals.
Deputy City Manager David Arrington presented to the Board with several
concerns the City has about Fourth Street Towers, Inc. proceeding with the
project. The concerns expressed were:
Concern about Fourth Street?s ability to adequately fund the project due to
inadequate cash reserves
Concern about the lack of any capital investment in the project by Fourth
Street Towers
Concern about the Cash Flow of the project being adequate for the ongoing
maintenance/needs of the project
Concern about the ability to complete all proposed phases of the project
Concern about Fourth Street Towers, Inc.?s past history/inability to manage a
multi-housing project. (Legacy Terrace)
After Mr. Arrington completed his presentation, Doctor Flakes and Pastor J.H.
Flakes, III responded to the concerns expressed by the City. The Board
reviewed and discussed the project proposal material provided to them. A
motion was made by Board Member Marvin Moore to approve the use of HOME funds
for the project being proposed by Fourth Street Towers, Inc. Board Member
Claudya Muller seconded the motion. The motion passed by a vote of 6 For, 1
Abstain.
ADJOURN
There being no further business the meeting was adjourned.
_________________________
Harold Funderburg, Chair Minutes taken by: Mark McCollum
Attachments
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