HomeMy WebLinkAbout960731.tiff MID CITY FINANCIAL CORPORATION Cry
4340 East-West Highway•Suite 300
Bethesda,Maryland 20814♦ 301/654-1420 Fax 301/654-6144 r 8
CERTIFIED MAIL
April 10 , 1996
Ms . Barbara Kirkmeger
Chairwoman
Weld County Commission
P. O. Box 758
Greeley, Colorado 80632
RE : Second Notice of Intent
FHA Project #101-44114-WAH
Greeley Manor 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 Greeley
Manor Company (A Limited 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 t my yours,
at
ohn L. Wall
Executive Vice President
JLW: lsd
Enclosure
PS )
ntk\ tei tt pc)' , 960731
Second Notice of Intent U.S.Department of Housing
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 Resident Homeownership Act of 19901 time reviewing OMB Approval No.2502-0459 •
375 hourse, including thefor inswetiom. searching
Publicn red to sources,rumen fhr Nis maon of 'die dadatta d,manse mpleting a and wing the collation of information Send comments regarding this burden
estia orta yofa gathering and lleion8 me orm needed.iu and
estimate ems, aspect eofp this collectiontH in information.Ura. including suggestions sh for reducing this 360t to the Reports Management Management
Office of Information
U.S. 4a,vnrnt of Housing and UAanDwelopmrnt Washington. D.C.. 20JtU-36o0 and to the Office of Maugementrand Budget. Paparvork
Policies and 202-, p
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.
I. Date of this Notice: April 10,1996
2. Purpose of this Notice(Mark one):
IJ Voluntary Sale: Transfer Preservation Rent(TPR)is less than or equal to the Federal Cost Limit(FCL).I may voluntarily(but son 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.
Voluntary Sale: TPR exceeds the FCL. All the above conditions apply. I know that incentives requested(including sales price)may not lead to
annual gross rents which exceed the FCL.
I Mandatory Sale: TPR exceeds FCL. I wish to terminate affordability restrictions 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 101-44114-WAH
b. State Agency Project Number(if Project is Section 236 non-insured) N/A
c. Project Name: Greeley Manor Apartments
d. Project Address(include City,State,and Zip Code): 1000 13th Street
Greeley,Colorado 80631
4. Name of Mortgagee: State of Michigan
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.n I waive the requirement that bona fide offers must include an earnest money deposit.
c. I 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) X I 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,correct,and complete. /Signature(Owner): /
/
xAlC.� L,17 /ZL-�. Date: April 10,1996
BY: eeley Manor Company
Name(Owner): BY: C.H.R.C.Incorporated
BY: Susan R.Campbell,Senior Vice President
Address(Include City,State,Zip Code): 11200 Rockville Pike
Rockville,Maryland 20852
.. .... .... . . . .. . .. it
Residents
Important Information about this Notice of Intent is on the back of this form
ref Handbook 4350.6
Notice To:All Residents of(Project Name) Greely Manor Apartments_ I.
From: U.S. Department of Housing and Urban Development
•
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. Richarad Fox, Chief--Multifamily Asset Management
Telephone: (303)672-5353
Form HUD-9609
Notice of the Availability u.a.o.o.rmumsHousing
and Urban Uw.aomsnt
of Translations of omc.ofHou....
Forms HUD-9608 and 9609 Federal Hsu Imp Commissar
OMa A.aaysS.25020450
If you need a translation of this Notice of Intent, please contact the owner of the project.
Si necesita una traduccirn de eats Aviso, airvaae solicitatla
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