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REGULAR MEETING OCTOBER 14, 2013 <br /> <br /> <br /> <br /> <br />Karen Ainsley: we are very open to a community conversation, at this point, we are not open to <br />postponing this date because, I work for a Board of Directors, I work for a group of basically <br />neighborhoods, and we are committed to this date today to meet our application deadline. We <br />are definitely 100% committed to talking with you further down the line as Nick mentioned that <br />this is just the beginning of a very long process so contractors wouldn’t actually be selected until <br />st <br />Spring of next year so if between November 1 and the end of February, you wanted to have <br />ongoing conversations we would certainly welcome that. <br /> <br />Councilmember Henry Davis, Jr., ok, and I want to get back at this again, and the reason why I <br />asked that question is because there is always a momentum thing that happens here and given our <br />job requirements on how it works and time, blah, blah, blah, in the interest of fairness and <br />working with the community at a high level of fairness and given the fact that folks came out <br />earlier and were obviously participating in the conversation about how this could be worked out <br />and I see both of these things being very congruent, I see a happy marriage that could potentially <br />happen. However, I just feel like that there is a level of, we are going to do it my way, and we <br />are going to do what we need to do and I believe that in all fairness that we could potentially <br />works something out in a two week time frame that would potentially, no, would actually be a <br />model for what can happen with the project given the tax credits and the different things that are <br />associated with the process of tax credits because am I right about this, I’m going to ask a <br />question now, are the tax credits, or the tax abatement associated with the tax credit application? <br />Are those things needed to be locked down on that? <br /> <br />Karen Ainsley: there is a direct correlation there and I do respect what you are saying about <br />momentum, but you have to understand there has been a yearlong process of conversation to get <br />us to this point and so the momentum that we have coming to this point, we really need to secure <br />this abatement at this point and not confuse it with the community agreement issue and are more <br />than happy to sit down and talk about that latter, but right now the application as it stands, you <br />do get points related to public investment. And, so we do need to secure this tonight so that it <br />can be including in that application. So it is not possible for us to delay it at this point, but again, <br />I offer you our utmost and would love to sit down with you and have conversations when we are <br />not under this deadline, when we are not being kind of surprised by this agreement. <br /> <br />Councilmember Henry Davis Jr., asked when is it due. <br /> <br />Karen Ainsley: pardon me. <br /> <br />Councilmember Henry Davis Jr., when is it due. <br /> <br />st <br />Karen Ainsley: November 1. <br /> <br />Councilmember Henry Davis Jr., so you do have time. <br /> <br />Karen Ainsley: I disagree. <br /> <br />Councilmember Henry Davis, Jr. I’m done. <br /> <br />Councilmember Schey I do have a number of questions. Nick, your corporation, Englewood <br />Corporation is actually the agency filing for the tax credits not the NNN. <br /> <br />Nick Surak: no they are. They are the NNN sponsor. <br /> <br />Councilmember Schey you, the NNN are filing for the tax credits with the state. <br /> <br />Nick Surak: they are the applicant. <br /> <br />Councilmember Schey ok, you are Housing Choices LLC., <br /> <br />Nick Surak: Housing Directions LLC. <br /> <br />Councilmember Schey they will be the reseller of the tax credits? <br />16 <br /> <br /> <br />