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May 8, 2012

Rental development gets council's approval

CHICKASHA — With no discussion and on a 6-3 vote, a proposed rent-control housing development received the Chickasha city council's blessings at Monday's meeting.

Ryan Hackett of Desert Ridge Investment Inc., the developer, said the council's resolution in favor of the project clears the way to apply to the Oklahoma Housing Finance Agency for $750,000 in tax credits as part of the financing for The Groves of Chickasha.

That application deadline is July 1 and it will be late November before the successful projects receive the tax credits.

"We will get maximum points," Hackett said of the application, "but the competition is very stiff."

Hackett said if the application is approved, all construction must be completed by Dec. 31, 2013.

"It's a real tight time frame," he said, adding that construction will have to start in February or March, 2013.

The development will feature 38 brick three- and four-bedroom homes. All of the homes will be rented to persons who earn 50 percent or less of the area median income and rents will be income-based. In addition, two of the homes will be available only to households in which at least one member has a physical disability.

Voting against the development, which will be located on the northeast corner of South 29th Street and Iowa Avenue, were Mayor Hank Ross and Councilmembers John Toland and Ryan Posey. Those voting in favor were Councilmembers Jay Epperson, Mike Sutterfield, Phylis Steelman, John Jernigan, Chris Ferguson and Howard Carpenter.

In other business, the council approved:

- an ordinance rezoning Willowbrook Apartments, 3000 S. 9th St., from R-1 (single family residential) to R-3 (multi-family residential);

- a contract with Cardinal Engineering for lighting the east Choctaw Avenue overpass;

- a contract for $14,004 with SAC Services Inc., to replace sidewalks and ramps at the library;

- a contract for $10,800 with Reroof America Contractors for installation of a new roof on the WPA house in Shannon Springs Park;

- awarding a bid for approximately $43,397.85 to Action Safety for striping roads and parking lots; and

- awarding a big for $10,197 to Scan Technology for hardware components in the police department's Mobile Cop system.

 

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