HomeMy WebLinkAbout06/15/92CITY COUNCIL WORK SESSION
June 15, 1992
5:30 p.m.
Large Conference Room
Roll call: Mayor Manning, Fox, Wright, Budak, Lemke, Buck.
Members absent:
Deb Collett, from the Waterloo Housing Authority stated that she
has received authorization for $750,000 for ten new low-income
houses to be constructed within the City of Waterloo. Ms. Collett
stated she would like to have the Mayor select and the Council
authorize a councilperson to serve on a preconstruction planning
committee and also a councilperson to serve with a architectural
selection committee. Ms. Collett stated that it is estimated that
the 10 houses could cost $50,000 or $60,000 a piece to build. She
continued that the program would place a family in the house for
approximately five years and then give the family an opportunity to
purchase the house after the family becomes self-sustaining.
Councilperson Lemke expressed concern over the houses being too
expensive for family to afford after the five years is up. Mr.
Lemke stated that if you spent $60,000 on a home that the mortgage
payments may be too high.
Ms. Collett stated that could be determined after the initial
construction was done and the family had occupied the house for
five years. They would also have an option of moving to another
location if indeed the house was too expensive.
Jim Lindsey, Community Development Director, stated that the
housing units in Waterloo are gradually becoming in worse shape.
He stated that it has been determined that 1/3 of the housing units
in the city limits of Waterloo in 1990 were unfit to occupy. Mr.
Lindsey ran through some of the facts and figures that have taken
place with the Community Development block grant and housing rehab
monies from his department. Mr. Lindsey stated that when he first
began it cost approximately $4000 to rehab a house and as of today
it averages around $14,500. Mr. Lindsey continued that there is
more of a strain on rehab money than ever in the past.
With no further business before the Council Work Session, the
meeting was adjourned at 6:30 p.m.
Larry P. Burger
City Clerk/Auditor