Business wants to update apartment
The Tonganoxie City Council approved a resolution Monday night regarding rehabilitation of an apartment complex.
Representing Affordable Housing Service, Topeka, Wayne Guth, approached the council about a proposal to rehabilitate Colonial Park Apartments, 110 S. Delaware.
Guth asked the council to approve a resolution that lets the state know that the council has been apprised of his plans to apply to take over the complex and renovate it.
Under the proposed plan, Affordable Housing Service would assume ownership of the complex, assume the mortgage and rehabilitate the property.
Diane Manville, also of Affordable Housing, said the complex is still in good shape.
"It is about 15 years old and hasn't had any major capitol improvements yet," she said. "Now is a really good time to come in before the project declines."
Chris Eppley, city administrator, said the 12-unit apartment complex is an FHA affordable housing project.
Manville said 40 years remain on the project's mortgage. "The tax credits would enforce that it is kept as affordable housing for 30 years," she said.
Eppley said that Affordable Housing Service is in the initial phase of the application process.
"There is a one-in-four chance that it will be awarded," Eppley said.
Eppley said this would not cost the city anything.
"As far as I can see, this would be positive and not negative for the community," Eppley said.
The council unanimously approved the resolution.