EDA Meeting Minutes - 02/12/25 (Workshop)MINUTES
ECONOMIC DEVELOPMENT AUTHORITY SPECIAL MEETING
Wednesday, February 12, 2025 — 4:45 p.m.
Academy Room, Monticello Community Center
Discussion Country Club Villas Senior Rental Housing Update and Senior Market Demand, Wes
Butler Executive Director, CHC and Kyle Didier, Shelter Corporation
President Steve Johnson, Vice President Jon Morphew, Rick Barger, Councilmember Tracy Hinz,
Mayor Lloyd Hilgart.
Called to order at 4:45pm
EDA Manager Jim Thares opened up the discussion introducing Wes Butler, Executive Director
of CHC, Kyle Didier, Executive Director of Shelter Corporation, and Mick Conlan, Gramercy
Corporation, to discuss the Country Club Manor Villa Twinhome development, senior housing
demographics and the housing co-op (owner -shareholder) model.
Jim Thares asked for an update on the 71" Street Project. Wes Butler spoke about the
affordability aspect of the project. The project commenced in November 2022 and progressed
to late fall of 2024. The first phase included 60 units, and they are now all constructed. They
are awaiting Certificate of Occupancy (CO) on just a handful of those recently completed units.
Mr. Butler also spoke about the local and regional housing market and the slow lease -up for
rentals, specifically with marketing targeted at 55+ age. The 22 units twinhome Phase II
development, on the westernmost end of the 21-acre site, is not age restricted. Those units
should be available by late summer. He expects rentals to occur at a quicker pace.
Mayor Lloyd Hilgart asked how many units there are in total, Wes Butler responded that there
are 82 total units.
Tracy Hinz joined the meeting at 5:08 p.m.
Discussion ensued on the various factors and challenges involved in attracting seniors into a
rental unit such as the Villa Twinhomes. The main factors are emotional, physical condition and
financial. They continue to market the units through various channels. Currently 20 of the 60
units are leased. The developer then suggested that it would be helpful to monitor the leasing
of the remaining 40 units and if necessary, come back to the EDA in the next 12 months to ask if
a portion of the 60-unit phase I could be designated as general occupancy rental. The best
location for the general occupancy among the first 60 units would be at the western end of the
Phase I development. EDA members agreed monitoring and updates would be useful for all
involved parties.
Motion to adjourn at 5:56 p.m. by Tracy Hinz. Second by Jon Morphew. Motion passed 5-0.
Recorder: Vicki Leerhoff
Approved: March 12, 2025
Attest:
Jim ares, Economic Development Manager