HomeMy WebLinkAboutMinutes Corpus Christi Community Improvement Corporation/Loan Review Committee - 06/07/1995 CA a ate
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MINUTES
CORPUS CHRISTI COMMUNITY IMPROVEMENT CORPORATION
LOAN REVIEW COMMITTEE ,apse 7aa�
JUNE 7, 1995 ti o;:p
12 NOON „
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UL 1995
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STAFF PRESENT MEMBERS ABSE N rRECIVEJcrcEp�rnQV! a
Hector G. Vallejo, Program Manager Diana Bazan re•
Fred Pena, Rehab Supervisor Ruben Fuentes `et?zz IZ(Pi?
Josie Longoria, Rehab Secretary Louis Garza _
Rose Royce Huegele
Alice Vaughn
MEMBERS PRESENT
Alynda Asher
Ben Grande
Ernest Carter
Robert E. Jones
Leroy San Miguel
Chairperson and Co-Chairperson both being absent, Committee elected Leroy San Miguel
to serve as Chairperson. Meeting was called to order at 12:15 p.m. in the Human
Resources Conference Room on the 2nd Floor of City Hall.
The first order of business was to approve the minutes of April 12, 1995. There being no
changes or corrections to the Minutes of April 12, 1995, a motion for approval of the
Minutes was made by Mr. Carter and seconded by Mr. Grande. Motion passed
unanimously.
The following loan requests were presented:
A rehabilitation loan request was made for Serapia M. Casarez, 9118 Stock Dr., in the
amount of $200.00 at zero percent (0%) interest. Loan request includes a Minimum
Deferred Loan in the amount of$15,000.00 and an Emergency Repair Grant in the amount
of$4,000.00. Total monthly payment will be $38.33. The Corporation will be in a first lien
position.
Mr. Vallejo presented this case as a preliminary. Mr. Vallejo explained that in reviewing
this case an error was found on the addition under total payment, making the spread
tighter than indicated. Mr. Vallejo also stated that Ms. Casarez' son has indicated that he
would pay off the car in order for Mrs. Casarez to reduce her liabilities and thus increase
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her spread. Mr. San Miguel suggested that Loan Committee wait to make sure that the
car is paid off before bringing the case back. After a brief discussion, Mr. Vallejo explained
that presenting the case as a preliminary required no action to be taken. Therefore, no
action was taken.
The next request presented was a rehabilitation loan request for Manuel A. and Maribel
Gonzales, 3922 Navajo, in the amount of$32,850.00 at three (3%) percent interest. Total
monthly payment is $279.19. The Corporation will be in a first lien position.
After a brief discussion, Mr. Carter made a motion to approve the loan as presented. Ms.
Asher seconded the motion and motion passed unanimously.
A rehabilitation loan request for Arthur and Althea Page, 2809 Kitchen was made in the
amount of$16,150.00 at three (3%) interest. The total monthly payment will be $123.57.
The Corporation will be in a first lien position.
Mr. Grande made a motion to approve the loan as presented and Mr. Carter seconded the
motion. Motion passed with Mr. Jones abstaining.
Mr. Vallejo explained that Ms. Rose Royce Huegele's term has expired and she has
elected not to be reappointed. Two new applications have been submitted to Council for
approval for the two vacancies created by the resignation of Karen Boehk and Rose Royce
Huegele. Mr. Vallejo also explained that Robert E. Jones and Ruben Fuentes are up for
reappointment.
Next item to be discussed were the changes to the Corpus Christi Community
Improvement Corporation Loan and Rehabilitation Handbook. Mr. Vallejo explained that
the changes were presented to Council and were approved as presented. The changes
were discussed briefly.
Having no further business, meeting was adjourned.
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