HomeMy WebLinkAbout960575.tiff MID-CITY FINANCIAL CORPORATION '; -'._D CAT' '.
4340 East-West Highway•Suite 300
Bethesda, Maryland 20814 ♦301/654-1420 Fax 301/654-6144 ... ! 0 t' 09
CLERK iH
CERTIFIED MAIL
March 13 , 1996
Ms . Barbara Kirkmeger
Chairwoman
Weld County Commission
P. O. Box 758
Greeley, Colorado 80632
RE : Second Notice of Intent
FHA Project #101-44096-LDP
Southmoor Townhouse Apartments
Greeley, Colorado
Dear Ms . Kirkmeger:
In accordance with the regulations governing Title VI of the
Low Income Housing Act of 1990 (LIHPRHA) and on behalf of K-S
Apartments (A General Partnership) , I herewith transmit HUD Form
#9609, Second Notice of Intent, to sell the project through a
voluntary sale . Pursuant to Paragraph 6-5 of HUD Handbook #4350 . 6 ,
the owner reserves the right to change its' mind after filing the
enclosed Second NOI to sell by requesting stay in incentives and
submitting a Plan of Action describing same within six (6) months
of this filing.
Please direct all future correspondence and inquiries
regarding the enclosed to my attention at the address and phone
number provided above .
Very truly yours,
�Jo n L Wall
xecutive Vice President
JLW: lsd
Enclosure
<siue-ki 4) 96O575
Second Notice of Intent U.S.Department of Housing
li To Sell Rental Housing or and Urban Development
Terminate Affordability Office of Housing
Federal Housing Commissioner
(Pursuant to Section 216(d)of the Low Income Housing Preservation and Resider Homcowmership Act of 19905 OMB Approval No.2502-0459
Public reporting burden for this collection of information is estimated to avenge 3.75 hours per response, including the time for reviewing instructions. searching
existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Send comments regarding this burden
estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to the Reports Management Officer, Office of Information
Policies and Systems, U.S. Department of Housing and Urban Development Washington, D.C., 20410-3600 and to the Office of Management and Budget Paperwork
Reduction Project(2502-0459),Washington,D.C.,20503.Do not send this completed form to either of these addresses.
This Notice must be delivered simultaneously with(I)the local HUD Field Office,(2) the chief executive officer of the appropriate State or local government,
(3)the mortgagee,(4)a representative of the tenants,(5)if no tenant representative is known,then to each occupied unit.
1. Date of this Notice: March 13,1996
2. Purpose of this Notice(Mark one):
IX I Voluntary Sale: Transfer Preservation Rent(TPR)is less than or equal to the Federal Cost Limit(FCL).I may voluntarily(but am not obligated
to)sell the project to a"qualified purchaser."If I do not sell,I may later elect to keep the project and extend the affordability restrictions in exchange
for certain incentives.
H Voluntary Sale: TPR exceeds the FCL. All the above conditions apply. I know that incentives requested(including sales pnce)may not lead to
annual gross rents which exceed the FCL.
I I Mandatory Sale: 'MR exceeds FCL. I wish to terminate affordability resrctons at the project by first trying to sell it through a mandatory sale. I
know I am obligated to accept any bona fide offer I received from a"qualified purchaser"at Transfer Preservation Value. If a bona fide offer is not
received. I may prepay-the mortgage and terminate affordability restrictions.
3. Project Information:
a. FHA Project Number 101-44096-LDP
b. State Agency Project Number(if Project is Section 236 non-insured) N/A
c. Project Name: Southmoor Townhouse Apartments
d. Project Address(include City,State,and Zip Code): 1773 30th Street,Apt.k I
Greeley,Colorado 80631
4. Name of Mortgagee: GMAC
5. Name of State or Local Agency Receiving this Notice of Intent: Governor Roy Romer;David Herlinger,Exec.Dir.,Colorado Housing Finance Authority(State);
Barbara Kirkmeger,Chairman Weld County Commission(County);
6. Bona fide offer(Mark one): Mayor Vern Nelson,Tom Texaira,Exec.Dir.,Greeley Housing Authority(Local)
a.IX I I will only accept bona fide offers with full earnest money deposits.
b.I I waive the requirement that bona fide offers must include an earnest money deposit.
c.I 1 I waive the requirement that bona fide offers include a full earnest money deposit and will instead consider offers with earnest money deposits of
at least (cannot be more than required by a.).
7. Owner's Certification
I,the undersigned,certify that this Notice of Intent has been submitted and distributed in accordance with the requirements of the statute as specified
above.
(Check if applicable) IX II certify that I know of no tenant representative.
Under the penalties and provision of Title 18,United States Code,Section 1001,the statements contained above or in any attachments have been examined
by me and,to the best of my knowledge and belief are true, ren,and complete//coJ /,
Signature(Owner): ( .<- t �(.e+4��/yd.C,O Date: March 13,1996
BY: CRICO Limited Partnership of Southmoor,Its General Partner
Name(Owner): BY: CRICO of Southmoor,Inc,Its General Partner
BY: Susan R.Campbell,Senior Vice President
Address(Include City,State,Zip Code): 11200 Rockville Pike
Rockville,Maryland 20852
Residents
Important Information about this Notice of Intent is on the back of this form
ref Handbook 4350.6 r
I
i Notice To:All Residents of(Project Name) Southmoor Townhouse Apartments
From: U.S. Department of Housing and Urban Development I;
Subject: Future Plans for Your Apartment Building
The other side of this form is a copy of a Notice sent by the owner of your apartment building to the U.S.
Department of Housing and Urban Development (HUD). This Notice tells HUD about the owner's
plans for the building based on the information we provided on January 31,1995
On this Notice,the owner has checked one of two boxes which say"Voluntary Sale"or"Mandatory Sale."
In either case, residents of the project may be eligible to buy the project by forming a Resident Council. The
Resident Council may continue to rent the apartments or it may sell the apartments to the residents through
a Resident Homeownership Program. If you are interested in forming a resident council, please contact HUD
for assistance.
If "Voluntary Sale" is checked, and tenants don't buy the project, it means the owner will be offering the
project for sale, but may decide to keep it instead. Whether the project is sold or not, it would most likely
continue to be rented as it is now.
If "Mandatory Sale" is checked, and tenants don't buy the project, it means the owner will be offering the
project for sale. The owner may be allowed to pay off the mortgage and raise the rents if no qualified buyer
offers to buy the project for a value set by HUD,and keep it affordable.
If you need information on the Resident Homeownership Program,or have any other questions or comments,
you should contact the HUD Field Office at the following address and telephone number:
Office: U. S. Department of Housing and Urban Development
Denver, Colorado Field Office
Address: First Interstate Tower North, 11th Floor
633 17th Street
City, State,Zip Code Denver,Colorado 80202
Attention: Mr. Richard Fox, Chief-Multifamily Asset Management
Telephone: (303)672-5369
Form HUD-9609
Notice of the Availability u.s.Department al Houten;
and Urban Development
of Translations of oaia of Housing
Federal Housing s"°
Forms HUD-9608 and 9609 Correlations OMB Appeal Ne.2502-0459
If you need a translation of this Notice of Intent, please contact the owner of the project.
Si necezita una traduccidn de este Aviso, sirvase so]lciterla
al propietario del editicio.
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