10/19/2015-CC-Minutes-Work SessionMINUTES:CITY COUNCIL WORKSESSION
October 19, 2015
PRESENT:Mayor Thomas Muir,Councilman Bill Boutwell,Councilman Russell
Martin, Councilman Gary Bilyeu, Councilman David Clark and Councilman
Allen Chick
OTHERS
PRESENT:City Manager Mike Brice,Tami Taber City Secretary,Alina Ciocan
Economic Development Director, Brett Johnson with Overland Property
Group and Audrey Watson
1.Call Meeting to Order.
Mayor Muir called the meeting to order at 6:00 p.m.
2.Presentation by Brett Johnson With Overland Property Group.
Brett Johnson gave a Power Point presentation. His company is out of Kansas and he
has been with them since 2002. They have 40 properties in Texas,Oklahoma,Kansas,
Colorado, Missouri and Iowa and wants to build affordable housing in Sanger
consisting of 40 units.
By constructing affordable housing, the company receives low income housing tax
credits which is a federal housing assistance program that provides tax incentives to
owners. The program does not provide direct assistance to the renters like Section 8
and is strictly used to finance the construction of rental properties. Usually, low
income housing properties have units available for families earning 60% or less of the
area medium income.
3.Overview of Items on Regular Agenda.
4. Adjourn.
Mayor Muir adjourned the meeting at 6:59 p.m.