APPROVED / 06-22-2010

TOWN OF ENFIELD

LOAN REVIEW COMMITTEE

MINUTES OF MAY 11, 2010

VILLAGE CENTER / CONFERENCE ROOM

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ADMINISTRATIVE ITEMS

Members Present:    

Jason Jones, Chairman

Jennifer Casalone

William Edgar

Brandon Messenger

Staff Members Present:

Peter Bryanton

Richard Metcalf

Roll Call:  Meeting was called to order at 6:05 p.m.

Minutes:  A motion to approve the minutes of March 2, 2010 was made by Ms. Casalone, seconded by Mr. Messenger, and passed unanimously. 

Committee Resolution:  A motion was made by Casalone to forward the revised resolution document to the Town Council.  The motion was seconded by Mr. Messenger, and passed unanimously.

Executive Session:  A motion was made by Mr. Edgar to enter Executive Session, seconded by Ms. Casalone, and passed unanimously.  There were no votes taken, and no decisions made during the Executive Session.  A motion was made by Ms. Casalone to end Executive Session, seconded by Mr. Messenger, and passed unanimously. 

NEW BUSINESS

120 Spring Street:  Ms. Ebony DeLeon, her agent, and her mortgage officer were present for the meeting.  Mr. Jones asked about repairs to the second floor apartment.  The agent estimated the work to be about $1000.  Ms. Deleon said that her boyfriend would help with the repairs.  Mr. Edgar stated that he would like to have a letter stating that the applicant will horror the current lease agreement with the tenant.  He also asked for a letter stating that Ms. Deleon would be the only person living in her unit.  Ms. Deleon agreed to these terms.  She also produced a letter from her employer stating that she was now working a 40 hour week.  Ms. Casalone asked the applicant to produce her most recent pay stubs, and submit them for review.  A motion to table the application was made by Ms. Casalone, seconded by Mr. Edgar, and passes unanimously.  A special meeting was scheduled for Friday, May 14th. 

20 Spier Avenue:  The committee reviewed an application for housing rehab work.  Mr. Metcalf provided a summary and cost estimate for the proposed work.  After a brief discussion about the project and application, a motion to approve a $25,000 payment loan was approved by Ms. Casalone, seconded by Mr. Edgar, and passed unanimously.

18 Arrow Street:  The committee reviewed an application for housing rehab work.  Mr. Metcalf provided a summary and cost estimate for the proposed work.  After a discussion about the project and the applicant’s financial situation, a motion to approve a $25,000 deferred loan was made by Ms. Casalone, seconded by Mr. Edgar, and passed unanimously.

OLD BUSINESS     

Project Update:  Mr. Metcalf gave an update on the list of current project.  Some of the projects included work performed by Homefront volunteers.  OCD will follow up on the Homefront projects to see if there is work which needs to be completed.

COMMITTEE COMMUNICATIONS 

CDBG-R:  Mr. Bryanton gave an update on the CDBG-R program and the slow progress on purchasing properties.  He stated that of the 6 letters that we send out to property owners, he has only made contact with one.  He will keep the committee posted on his progress going forward.

ADJOURNMENT

A motion to adjourn the meeting was made by Ms. Casalone seconded by Mr. Messenger, and passed unanimously.  Meeting adjourned at 7:20 p.m.

Submitted by:

Peter Bryanton, Director of Community Development

Approved by:

Jason Jones, LRC Chairman

Signature: _______________________________________  Date: __________________