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Home My WebLink About06725ORDINANCE NO. 6725 AN ORDINANCE AUTHORIZING ASSIGNMENT TO THE COLORADO HOUSING FINANCE AUTHORITY OF A PRIVATE ACTIVITY BOND ALLOCATION OF THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, FOR THE PURPOSE OF PROVIDING SINGLE - FAMILY MORTGAGE LOANS, PURSUANT TO THE COLORADO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT. WHEREAS, the City of Pueblo, a municipal corporation (the "City ") is authorized and empowered under the laws of the State of Colorado (the "State ") to issue revenue bonds for the purpose of providing single - family mortgage loans to low- and moderate - income persons and families; and WHEREAS, the Internal Revenue Code of 1986, as amended (the "Code "), restricts the amount of tax - exempt bonds ( "Private Activity Bonds ") which may be issued in the State to finance such mortgage loans and for certain other purposes (the "State Ceiling "); and WHEREAS, pursuant to the Code, the Colorado legislature adopted the Colorado Private Activity Bond Ceiling Allocation Act, Part 17 of Article 32 of Title 24, Colorado Revised Statutes (the "Allocation Act "), providing for the allocation of the State Ceiling among the Colorado Housing and Finance Authority (the "Authority ") and other governmental units in the State, and further providing for the assignment of such allocations from such other governmental units to the Authority; and WHEREAS, pursuant to an allocation under Section 24 -32 -1706 of the Allocation Act, the City has an allocation of the 2001 State Ceiling for the issuance of a specified principal amount of Private Activity Bonds prior to September 15, 2001 (the "2001 Allocation "); and WHEREAS, the City has determined that, in order to increase the availability of adequate affordable housing by low- and moderate - income persons and families within the City and elsewhere in the State, it is necessary or desirable to provide for the utilization of all or a portion of the 2001 Allocation; and WHEREAS, the City has determined that the 2001 Allocation, or a portion thereof, can be utilized most efficiently by assigning it to the Authority to issue Private Activity Bonds for the purpose of providing single - family mortgage loans to low- to moderate - income persons and families; and WHEREAS, the City Council of the City of Pueblo has determined to assign $2,500,000 of its 2001 Allocation to the Authority, which assignment is to be evidenced by an Assignment of Allocation between the City and the Authority (the "Assignment of Allocation "), attached hereto as Exhibit A. NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The assignment to the Authority of $2,500,000 of the City's 2001 Allocation be and hereby is approved. SECTION 2. The form and substance of the Assignment of Allocation be and hereby is approved: provided, however, that the President of the City Council be and hereby is authorized to make such technical variations, addition or deletions in or to such Assignment of Allocation as he shall deem necessary or appropriate and not inconsistent with the approval thereof by this ordinance. SECTION 3. The President of the City Council of the City of Pueblo be and hereby is authorized to execute and deliver the Assignment of Allocation on behalf of the City of Pueblo and to take such other steps or actions as may be necessary, useful or convenient to effect the aforesaid assignment in accordance with the intent of this ordinance. SECTION 4. If any section, paragraph, clause, or provision of this ordinance shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause, or provision shall not affect any of the remaining provisions of this ordinance. SECTION 5. This ordinance shall be in full force and effect upon its passage and approval. INTRODUCED: August 13, 2001 By __ Rich Col nda Councilperson ATTEST: Z cher Gina City Clerk PASSED AND APPROVED: August 27, 2001 President of the City Council Background Paper for Proposed ORDINANCE AGENDA ITEM # DATE: AUGUST 13, 2001 DEPARTMENT: HOUSING AND CITIZEN SERVICES /TONY BERUMEN TITLE AN ORDINANCE AUTHORIZING ASSIGNMENT TO THE COLORADO HOUSING FINANCE AUTHORITY OF A PRIVATE ACTIVITY BOND ALLOCATION OF THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, FOR THE PURPOSE OF PROVIDING SINGLE - FAMILY MORTGAGE LOANS, PURSUANT TO THE COLORADO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT. ISSUE This Ordinance will allow the City of Pueblo to assign to the Colorado Housing and Finance Authority (CHFA) $2.5 Million, which is part of the $3,218,594. awarded to the City pursuant to the Colorado Private Activity Bond Ceiling Allocation Act. These funds will be used to originate mortgages for first -time homebuyers within the City and County of Pueblo. RECOMMENDATION Approve the Ordinance, thus authorizing CHFA to administer on behalf of the City of Pueblo part of its bond allocation in the amount of $2.5 Million for single - family mortgage loans for first time homebuyers. BACKGROUND In 2000, the City assigned to CHFA $1.2 Million of its allocation for single - family MRBs. CHFA issued $28.3 Million in loans in the City and County of Pueblo. Three - hundred and fifty -eight families were assisted. The average loan size was $79,114. See Exhibit B for additional information on the originated loans. The Authority acts as issuer and administrator of the bonds for the City of Pueblo. The City still retains the authority and ability to deviate from CHFA's established income and purchase price limits. The allocation is to be used within the Pueblo county limits, however, if the allocation is not used locally within a two -year period, then the balance becomes available for statewide use. In past years CHFA has issued more than the City's allocation within Pueblo County, as noted in the above paragraph. FINANCIAL IMPACT By assigning the allocation to CBFA, the City provides additional mortgage funding to this community without incurring costs. CBFA administers the bonds free of charge to the City of Pueblo. "EXHIBIT A" ASSIGNMENT OF ALLOCATION This Assignment of Allocation (the "Assignment "), dated this 13th day of August 2001, is between the City of Pueblo, A Municipal Corporation (the "Assignor ") and the Colorado Housing and Finance Authority (the "Assignee "). WITNESSETH: WHEREAS, the Assignor and the Assignee are authorized and empowered under the laws of the State of Colorado (the "State ") to issue revenue bonds for the purpose of providing single - family mortgage loans to low- and moderate - income persons and families; and WHEREAS, the Internal Revenue Code of 1986, as amended (the "Code "), restricts the amount of tax- exempt bonds ( "Private Activity Bonds ") which may be issued in the State to provide such mortgage loans and for certain other purposes (the "State Ceiling "); and WHEREAS, pursuant to the Code, the Colorado legislature adopted the Colorado Private Activity Bond Ceiling Allocation Act, Part 17 of Article 32 of Title 24, Colorado Revised Statutes (the "Allocation Act "), providing for the allocation of the State Ceiling among the Assignee and governmental units in the State, and further providing for the assignment of allocations from such other governmental units to the Assignee; and WHEREAS, pursuant to an allocation under Section 24 -32 -1706 of the Allocation Act, the Assignor has an allocation of the 2001 State Ceiling for the issuance of a specified principal amount of Private Activity Bonds prior to September 15, 2001 (the "2001 Allocation "); and WHEREAS, the Assignor has determined that, in order to increase the availability of adequate affordable housing for low- and moderate - income persons and families within the City of Pueblo and elsewhere in the State, it is necessary or desirable to provide for the utilization of all or a portion of the 2001 Allocation; and WHEREAS, the Assignor has determined that the 2001 Allocation, or a portion thereof, can be utilized most efficiently by assigning it to the Assignee to issue Private Activity Bonds for the purpose of providing single - family mortgage loans to low- and moderate - income persons and families ( "Revenue Bonds "), and the Assignee has expressed its willingness to attempt to issue Revenue Bonds with respect to the 2001 Allocation; and WHEREAS, the City Council of the Assignor has determined to assign to the Assignee $2,500,000 of its 2001 Allocation, and the Assignee has agreed to accept such assignment, which is to be evidenced by this Assignment. NOW, THEREFORE, in consideration of the premises and the mutual promises hereinafter set forth, the parties hereto agree as follows: 1. The Assignor hereby assigns to the Assignee $2,500,000. of its 2001 Allocation, subject to the terms and conditions contained herein. The Assignor represents that it has received no monetary consideration for said assignment. 2. The Assignee hereby accepts the assignment to it by the Assignor of $2,500,000. of Assignor's 2001 Allocation, subject to the terms and conditions contained herein. The Assignee agrees to use its best efforts to issue and sell Revenue Bonds, in one or more series, and to make proceeds of such Revenue Bonds available from time to time during the period of two (2) years from the date of this Assignment for the purchase of mortgage loans in at least the aggregate amount of $2,500,000. to finance single - family housing facilities located in the City of Pueblo. Unless otherwise agreed to in writing, the mortgage loans will be subject to all applicable current requirements of Assignee's mortgage revenue bond program, including Assignee's income and purchase price limits. 3. The Assignor hereby consents to the election by the Assignee, if the Assignee in its discretion so decides, to treat all or any portion of the assignment set forth herein as an allocation for a project with a carryforward purpose. 4. The Assignor and Assignee each agree that it will take such further action and adopt such further proceedings as may be required to implement the terms of this Assignment. 5. Nothing contained in this Assignment shall obligate the Assignee to finance mortgage loans in any particular amount or at any particular interest rate or to use any particular percentage of the proceeds of its Revenue Bonds to provide mortgage loans to finance single - family housing facilities located in the City of Pueblo. 6. This Assignment is effective upon execution and is irrevocable. IN WITNESS WHEREOF, the parties hereto have duly executed this Assignment on the date first written above. [SEAL] CIT ATTEST: B City erk COLORADO HOUSING FINANCE AUTHORITY By: Executive Director Assistant Secretary 02/23/01 14:45:13 Purer 1/.rcli Price Amt "EXHIBIT B" Loans Purchased in 2000 in Pueblo County 1 -White 2- 11ispanic 3 -Black 4 -Am Indian /Alaska ttaCiv� c-nc;, Plop Prop Censu_ 11 Pace Add City Tract Mild Code SOOk 69,900.00 69,443.00 2407 ''el 12th St Pueblo 29.01 1 1 59.800.00 59,415.00 1:;4 E 13th St Pueblo 10.00 3 2 61,900.00 61,502.00 1812 W 2.1th Sr Pueblo 4.CID 2 2 61,900.00 (13,•141.00 2024 Z Gth St Pueblo 11.00 2 87,900.00 87,286.CIO 2514 41.h Ave Pueblo •1.00 1 54,500.00 54,131.00 1.620 Pine Strer Pueblo 22.00 2 1 48,500.00 48,170.0,1 3209D Acona Rtl Pueblo 30.01 3 2 120,290.00 117,165.03 1002 Pinccrc::t. Pueblo 20.02 1 1 105,900.00 R4,7DU.00 G7 Calhoun Rd Pueblo 9.05 2 1 75, 000.00 74,481.00 909 L }mesa Ave Pueblo 20.00 4 1 69,900.00 69,444.00 1"336 Spruce St Pueblo 21.00 3 2 B5, 000.00 04,45;.00 1.222 29th Lane Pueblo 31.02 2 1 69,900.00 69,44 .0 U 1645 Gaiwood Or Pueblo 26.00 1 1 59.,000.00 58,261.00 812 E 14th Pueblo 9.00 1 2 87,500.00 01,077.00 525 it Grant A - Pueblo 15.00 1 2 7G, 834.00 73,028.00 2001 W 18th St Pueblo 29.01 2 1 46,000.00 45,655.00 849 E Abriendo Pucblo 20.00 2 s 102,250.00 101,546.00 1112 P.evere Ln Pueblo 9.02 4 1 94,750.00 94,128.00 2105 Driftwood Pueblo 27.00 3 1 57,5DO.00 52,081.00 901 1.1 1.1th St Pueblo 6.00 3 1 CS, 0D0.00 '19,466.00 832 Dragdon Ave Pueblo 18.00 1 2 72,000.00 71,530.00 2721 Morris Ave Pueblo 4.00 1 1 114,011.00 174,138.80 917 S Espanola Pueblo 29.04 2 1 90,000.00 39,387.D0 2 Dridl.e Trail Pueblo 28.00 4 2 47,500.00 4'1,669.00 1909 Van Burc11 Pueblo 24.00 3 1 65,000.00 64,56D.D0 2426 Test St Pueblo 4.00 1 1 90,000.00 89,387.00 3519 Walnut Ln Pueblo 27.00 1 2 65,200.00 64,662.00 3006 Winuipeg S Pueblo 17.00 2 2 128,685.00 123,371.00 10 Full Moon Ct Pueblo 9.0, •1 1 80,000.00 79,•166.00 :;105 San Isabel Pueblo 1.00 5 2 45.000.00 45,17'1.00 SOG Brown Ave Pueblo 18.00 2 2 54,900.00 41,150.00 1512 eonforte 11 Pueblo 9.04 1 1 89,D00.D0 88,•128.0() 304 San Diego Pueblo 28.02 2 1 44,500.00 45, ?40.00 1110 Pine Stree Pueblo 20.00 6 2 80,450.00 7 9,924.00 2624 Winnipeg S Pueblo 2 (1.00 2 2 b7,000.00 GG,5G9.00 2508 N Grand Av Pueblo 5.00 1 1 86,SOD.00 R4, 401.00 1720 Jackson St Pueblo 24.00 4 2 90,000.00 89,3-G.00 1514 B Gth St Pueblo 11.00 2 1 71,000.00 '10,512.00 2:27 Denver Blv Pueblo 2.00 1 2 95,000.00 94,390.00 1.5,4 Alexander Pueblo 9.02 3 1 68,000.00 6 562 00 2215 Cedar St Pueblo "3.00 2 1 119, 00.00 133.S2S.00 12BI Lune 21 Pueblo 31.01 2 1 us, coo .Do 94,452.00 129 'rJhitney Or Pueb10 is. 00 s 2 127,900.00 11s,95D.00 10 S Los Char Puebla 29.04 1 1 1 R9, 000.00 08.420.00 S9 mac t1auyht01L Pueblo 9.04 2 1 PACE 1 02/23/01 14:45:11 Issue Purch Price soon 60,000.00 9G, 500.00 96,500.00 96,500.00 79,900.00 87., 00.00 90,000.00 84,900.00 70,500.00 71,7.50.00 65,500.00 64,500.00 71,000.00 110,000.00 49,000.00 86,000.00 '16, 000.00 11 500.00 87,500.00 97,000.00 55,000.00 76,000.00 53,000.00 57,000.00 66,850.00 65,100.00 89,000.00 92,000.00 69,000.00 62,900.00 55,000.00 64,900.00 70,000.00 69,900.00 `.r9, 500.00 94,000.00 59,900.00 84,601.00 64,900.00 69,300.00 $5,900.00 90,000.OU 70,900.00 75,900.00 ES, DOD .00 Loans Purchased in 2000 in Pueblo County 1 -White 2- Hispanic 3 -Slack 4 -Am Indian /Alas} ;a tlative S -Asian Loan Prop Prop Census h Race. Aunt Add City Tract lilt Id Code 59,574.00 170'1 N illian A Pueblo 26.00 1 .. 94,118.00 1935 Beulah Pueblo 24.00 6 94.118.00 1935 Beulah Pueblo 24.00 6 2 94,1113 .00 19;5 Beulah Pueblo 2.4 -00 , 2 79,365.00 2025 Oakland Av Pueblo 23.00 2 2 $1,959.00 2106 'e•yomincr Av Pucblo 23.00 4 2 91,757.00 1629 E 19th SL Pueblo 10.00 4 1 84,30;.00 1512 Crest moo r Pueblo 10.00 4 2 70,004.00 1614 Iroquois R Pueblo 9.04 1 2 70,'!67.00 2726 S:innepeq S Pueblo 26.08 2 65,069.00 1425 R 19Lh St Pueblo 10.00 3 2 4GS,790.00 2012 N 18L'h St Pueblo 29.01 1 1 70,544.00 2625 Wert St Pueblo 4.00 2 1 109,279.00 3 Flintlock Ct Pueblo 28.08 3 1 49,196.00 2505 E 11th Str Pueblo 10.00 4 2 85,419.00 2917 Azalea St Pueblo 28.01 4 2 75,496.00 1605 Bragdon PUcblo 24.00 2 1 118,733.00 10 Bishop_: Ct Pueblo "20.07 3 1 87,822.00 1503 Midlothian Pueblo 9.04 2 1 96,357.00 3108 Vucc.i Ln Pueblo 27.00 3 2 44.000. DO 601 :Floyd Ln Pueblo 999.99 3 1 7S, 490. 00 3001 Skyview Av Pueblo 1.00 3 3 52,655.00 906 It Glendale Pueblo 0.00 2 2 56,623.00 1223 Taylor Ave Pueblo 7.0.00 5 2 66,391.00 2917 Winnipeg S Pucblo "26.00 1 2 64,662.00 2920 Winnipeg S Pueblo 26.00 1 2 88,428.00 2580 ,Sherwood L Pueblo 27.00 2 2 91,371.00 3400 Fairfield Pueblo 28.01 8 2 66,528.00 2114 E Evans Pueblo 22.0ir 4 1 62,474.00 2916 Withers Av Pueblo 1.00 1 1 54,G39.00 1729 W.22nd St Pueblo 2.00 4 2 64,458.00 2329 E 0iraan Av Pueblo 23.00 1 2 69,S46.00 2516 4th Ave Puehlo 4.00 1 2 71,298.00 2625 High St Pueblo 1.00 1 1 S9,11G.00 1218 Bohmen Pueblo 20.00 1 2 93,355.00 2604 Vinewood L Pueblo 28.01 2 2 59,116.00 2501 S Routt Av Pueblo 22.00 3 2 82,214.00 4909 Prospect D Pueblo 29.03 3 1 64,458.00 152.1 E 18th St Pueblo 10.00 2 2 70,G50.00 628 E 3rd St Pueblo 12.00 4 2 85,348.00 2410 Denver Blv Pueblo 2.00 1 1 89,387.00 1120 Claremont Pueblo 24.00 2 1 69,281.00 2607 7th Avenue PuebLo 4.00 1 ] 75,396.00 2022 Cascade Av Pueblo ;.00 1 2 84,452.00 3011 Cheyenne A Pueblo 1.00 1 1 VPSLTASDI•IL PACE 2 b m I 01 W O W W ti7 O 3 I Cl m ■ 02/23/01 14:45:11 Loans Purchase.d in 2000 in Pucblo County PACE 3 1 -White 2- Hispanic 3 -61ack 4 -Arn Indian /Alaska Native 5 -Arian I::cuP. Porch Loan Prop Prop CcnL.us 11 Race Price Amt Add City Tract HHlci Code Sour, 1 1 0013 _5,000.00 75,'100.00 92,750.00 94,000.00 04,000.00 19,900.00 118,79:5.00 110,590.00 8 119,000.00 I10,900.D0 52,000.00 113,500.00 4B,900.00 111,000.00 S:S, SOU . 00 110,500.00 105,200.00 108,100.00 67,000.00 116,700.00 59,90(1.00 -00.00 TOTAL AVG COUV T 84,900.00 45,000.00 45, 00().00 G3, O0D.00 66,000.00 90,165.00 92,500.00 57,900.00 82,900.00 55,500.00 '/3,900.00 59,900.00 65,50U.00 87,500.00 84,900.00 90,000.00 97,500.00 55,000.00 1521 E 5th St Pueblo 11.00 2 1 15,143.00 1213 W 16th St Pueblo 6.0D 4 3 92,134.00 2125 Dziftwood Pucblo 27.00 3 1 83,086.00 654 Edna Street Pucblo 41es 28.02 3 2 63,086.00 654 Edna Street Pueblo Wcs 26.02 3 2 79,365.00 953 Countryside Pucblo Wcs 29.0.1 4 2 118,030.00 665 S Camino De Pucblo Wes 29.04 1 1 99,500.00 495 S Woodstock Pueblo P(es 29.04 3 2 84,452.00 943 E Austin Ds Pucblo Wes 29.05 2 2 118,233.00 G43 S Bond Dr E Pucblo Wes 29.04 3 1 110,144.00 221 E Idaho Spr Pueblo Wcs 29.0.1 3 51,638.00 735 S Joe Marti Pueblo Wes 29.04 2 1 112,739.00 371 S Siesta Dr Pucblo Wes 29.04 4 1 49,133.00 252 E Walton Dr Pucblo Wes 29.04 1 2 110, 24G.00 769 S McCoy Dr Pueblo Wes 29.04 2 1 42,600.00 324 E Byrd Driv Puebla Wes 29.04 1 1 101,750.00 14 S Golftirood D Pueblo Wes 29.04 3 2 104,524.00 752 Thistle Pucblo Wes 29.05 2 1 107,391.00 642 Palo Pinto Pucblo we 29.04 5 2 66,200.00 1047 Saddlerock Pucblo Wes 29.04 31 1 113,603.00 7.75 W Northhamp Pueblo Wcs 29.04 2 1 59,371.00 989 S Saddleroc Pueblo Wes 29.04 1 1 98,275.00 883 S Wolcott U Pucblo Wes 29.04 5 1 8, 81,]88.00 18,594.58 04,096.00 111 Avondale B1 Avondale 33.00 5 1 37,077.00 852 ld Autumn St Blende 31.01 2 1 37,077.00 852 N Autumn St Blende 31.D1 2 1 G4, 250.00 1636 Brown Ave Pueblo 24.00 3 2 65,527.00 1814 Carteret A Pueb'_o 79.00 2 1 69,980.00 4813 Prospect D Pueblo 29.03 3 81,3S9.DO 1705 Iroquois P. Pueblo 9.04 2 1 59,OS8.00 124 St. Louis A Pucblo 14.00 1 1 82,366.00 62; Gaylord Ave Pueblo 18.00 3 1 55,097,00 1441 Cedar St Pueblo 21.00 2 2 73,412.00 2419 lI Greenwoo Pucblo 5.00 1 1 59,472.00 1031 Jackson St (%ucblo 25.00 1 2 60,541.00 51G Orange St Pucblo 28.02 2 2 86,894.00 3817 Carlilc AV Pueblo 16.00 3 2 84,350.00 2021 Hollywood Pueblo 27.00 2 2 89,469.00 16 MacNaughton Puebla, 9.04 4 1 96,866.00 1015 Gunnison S Pueblo 31.01 4 1 VPSG'PASDI:L 02123YDI 14:45:71 Issue Porch Price SOOB 110,000.00 70,000.00 61,900.00 67,000.00 68,000 00 82,900.00 93,000.00 65.000.00 64,000.00 55,000.00 71,400.00 78,000.00 BS, 500.00 68,500.00 69,500.00 77,000.00 62,900.00 69.500.00 - 1-1.400.00 62,750.00 99,942.00 71,200.00 98,074.00 43,000.00 67,000.00 77,500.00 G1, 000.00 94,900.00 86,500.00 57,3 DO. 00 117,500.00 71,006.00 99,500.00 57,100.00 70,000.00 05,000.00 78,500.00 117,000,00 127,000.00 89,300.00 70,000.00 74,900.00 R7.,000.00 82, 000.00 88,400.00 Loans Purchas(.d in 2000 in Pueblo County 1 -White 2-Hispartic 3 -Black 4 -An Indian /Alaska Native 5 -Asian Loan Prop Prop Census 4 Race Amt Add city 72 act Hifld Code 109,294.00 1601 Lexington Plteblo 9.02 1 1 69,495.00 1731 Stone Ave Pueblo 23.00 1 2 61,457.00 1408 Jacke.on St Pueblo 25.00 2 1 66,544.00 1218 E 12th St Pueblo 8.00 5 2 67,562.00 509 Stanton St Pueblo 11 1 1 82,366.00 550 Hewitt Stre Pueblo 28.02 3 2 92,403.00 3512 Fairfield Puchlo 28.01 4 ZI 64,560.00 314 Newman Pueblo 16.00 1 S 64,153.00 1710 E 5th St Pueblo 11.00 4 2 54,639.00 1520 Martin St Pueblo 6.00 2 1 70,716.00 1042 E Routt Av Pueblo 20.00 2 1 7G,984.00 2414 Court SC Pueblo 5.00 2 2 04,910.00 1148 W Abriendo Pueblo 16.00 2 1 68,952.00 628 V1 15th Pueblo 6.00 1 2 69,037.00 2G19 E: Routt Av Pueblo 22.00 4 2 76,505.00 3117 Skyview Av Pueblo 1.00 2 1 62,169.00 1730 Moore Ave Pueblo 26.00 1 2 69,037.00 1024 W 19L'h St Pueblo 4.00 3 1 73,921.00 2B17 E 13th St Pueblo 30.0_ 3 2 62,220.00 11.13 Beulah Ave Pueblo 25.00 1 2 99,300.00 805 S Sterling Pueblo 29.04 1 1 70,716.00 2034 W 13th SL Pueblo 29.01 2 2 98,889.00 4903 Prospect Pueblo ?99.99 4 2 42,79G.00 1118 E River St Pueblo 12.00 1 2 66,544.00 2429 Winnip�-g S Pueblo 26.00 2 76,719.00 1512 Claremont Pueblo 25.00 2 2 60,490.00 2409 Butler Ave Pueblo 18.00 2 1 99,290.00 306 Fenw•ood Pueblo 18.00 4 2 05,877.00 640 Morrison Av Pueblo 17.00 4 1 56,937..00 1.021 West St Pueblo 6.00 •I 1 116,;56,00 2870 Everett Rd Pueblo 31.02 G 1 70,105.00 1032 Mohawk Rd Pueblo 9.04 1 2 98,85D.00 1020 Yakitia Ln Pueblo 9.04 2 2 56,733.00 1.631 Pxancisco Pueblo 6.00 1 2 G9, 546.00 1541 Jackson SC Pueblo 25.00 2 ? 64,560.00 2029 Liberty Dr Pueblo 31.01 3 1 75, 80D.U0 2109 Acero Ave Pueblo 23.00 ? ? 116,249.00 3205 Delmar Ter Pueblo 1.00 1 i 123.371.00 4207 Getaway P1 Pueblo 29.03 3 2 88,727.00 2602 Freedom Av Pueblo 2.00 1 1 69,546.00 2509 B Routt Av Pueblo 22:00 1 1 74,379.00 1536 C 10th St Pueblo 10.00 1 1 81,400.00 2103 Elmwood Ln Pueblo 27.00 3 2 81,800.00 1907 Ridgewood Pueblo 27.00 3 2 80,000.00 12 Scotland Ed Pueblo 9.04 1 1 4PSETASDWL PACE 4 02/23/01 14:45.11 Issue Putch Price SDOB SOOC 84,900.00 67,900.00 84,000.00 77,000.00 1iQ,500.00 90,150.00 94,799.00 G4, 900.00 85,000.00 '70,675.00 - 95,'134.00 - 111,200.00 - 101,000.00 - 104,900.00 - 95,000.00 55,900.00 114,378.00 - 106,900.00 -7 1,000.00 •93,500.00 - 113,750.00 - 70,000.00 TOTAL AVG COUNT - 65,DO(J.00 - 105,700.00 - 71,DO0.00 - 50,000.00 - 56,000.00 83,000.00 - 86,500.00 _ -92,900.00 - 66,500.00 - 43,500.00 -'14, 900.00 - 73,900.00 58,900.00 - 65,000.00 - 98,6SO.00 - 95,000.00 _90,750.00 Loans Purchased in 2.000 in Pueblo Count) 1 -White 2- 11ispanic 3 -61ack 4 -Am Indian /klaska Native 5 -Asian Loan Prop Prop (er)sur, ?! Race Amt Add City Tract 11111d Code 84,354.00 S25 Gaylord Pueblo 10.00 5 2 61,464.00 1025 Jackson St Pueblo 25.00 1 1 83,435.00 543 windy hay Pueblo 20.02 4 2 76,465.00 1020 E 9L'h It Pueblo 3.00 3 2 107,550.00 2013 'undance D Pueblo 29.03 1 1 89,540.00 1712 Bonny Brae Pueblo 9.04 2 2 91,422.00 4028 Prospect D Pueblo 29.03 2 1 64,458.00 614 w 11th St Pueblo G.00 2 1 84,454.00 324 Michigan Pueblo 19.00 1 1 69,992.00 2119 h`yoming Pueblo 23.00 1 2 89,900.00 4818 Prospect D Pueblo 34.00 4 2 110,449.00 435 S Oak Creek Pueblo We 29.04 3 1 92,287.00 G0S S Clarion U Pueblo 'Rea 29.04 3 1 104,226.00 261 E Falcon Dr Pueblo Wes 29.04 3 1 94,390.00 640 Bellflower Pueblo Wes 29.04 2 1 SS,453.00 261 E Rolling H Pueblo Wes 29.04 2 2 113,603.00 1033 h E1 Esper Pueblo He 29.0.1: 2 1 709,038.00 179 w Baldwin D Pueblo ,es 29.04 3 1 70,512.00 390 E Stardust Pueblo Wes 29.04 1 1 92,849.00 504 S Autumn La Pueblo Wes 2.9.04 1 9G, 650.00 10828 Bartl.et T Rye 20.04 1 1 6`1,54G.00 8204 Old San Is Rye 999.99 4 1 6,592,897.00 78,486.27 61,750.00 5E86 Pennsylvan Beulah 28.06 2 1 705,006.00 5418 Satanta 31 Colorado C 28.06 5 1 70,512.00 9270 Chatfee Or Colorado C 28.04 1 1 50,213.00 817 E Abriendo Pueblo 20.00 2 1 55,640.00 501 N Ogdcn Pueblo 11.00 1 2 82,417.00 2710 H 29th Sty Pueblo 2.00 3 2 85,927.00 17 Solar Dr Pueblo 28.02 7 1 74,418.00 2621 Bch Ave Pueblo 4.00 1 1 92,'187.00 3301 Fairfield Pueblo 28.01 4 2 79,983.00 205 Harrison Pueblo 14.00 3 1 43,701.00 2327 Cedar St Pueblo 23.00 1 1 74,379.00 2030 IT 15th St Pueblo 29.01 4 _ 72,937.00 1226 Stone Ave Pueblo 21.00 4 2 58,506.00 1436 E Orman Av Pueblo 21.00 1 1 64,509.00 1100 -1102 E 3rd Pueblo 12.00 1 2 97,985.00 2950 Adrian Ave Pueblo 1.00 3 2 94,371.00 1711 Johneva St Pueblo 31.02 3 2 89,422.00 311 Arthur St Pueblo 15.00 3 1 V PSE'CASDWL PACE'' S T I C G E L G r C W73/01 14:4S:ll rssue Purch Pr1Ce t;00C 76, Soo. 00 79,900.00 101,500.00 4G, 750.00 55,000.00 80,900.00 71,000.00 55,000.00 79,900.00 -5x,000.00 80,000.00 93,500.00 83,900.00 67,900.00 103,278.00 "!5,000.00 48,500.00 75,000.00 87,600.00 ,J,000.00 65, 000.00 89.799.00 98,000.00 90,000.00 79,900.00 78,000.00 79,000.00 81,500.00 113. U4S.00 900.00 60,000.00 59.000.00 79,900.00 90,000.00 63,000.00 93,000.00 78,000.00 75,000.00 ' LL 000.00 10,000.00 91,000.00 91,000.00 42.000.00 90,500.00 , PAG 9 G D A .A I Co W B In W . itl O 3 I T b C1 m Loans Purchased in 2000 in Pueblo County 1 -Khite 2- Hispanic 3- Slack 4 -Arn Indian /Alaska Native 5 -Asian Loan Prop Prop Census p Race Amt Arid City Tract 11111d Code 76,007.00 330G lfollybraok Pueblo 20.01 2 1 79,365.00 3031 Skyview Av Pueblo 1.00 2 2 100,834.00 2107 lfollywooi Pueblo 27.00 3 2 46,448.00 271E 0'1Jea1 Ave PuablO 27.00 2 2 54,639.00 545 Delmont Ave Pueblo 1£;.00 1 1 80,331.00 806 Beulah Ave Pueblo 18.00 1 70,512.00 1401 Brown Ave Pueblo 24.00 2 2 54,639.00 927 H lOtlr St Pueblo 8.00 2 1 74,005.00 2326 Court St Pueblo 5.00 1 1 57,590.00 509 t4 27th St Pueblo 5.00 2 1 79,466.00 116 Vernon P1 Pueblo 19.00 2 2 92,897.00 1817 E 9t.h St Pueblo 10.00 2 2 83,333.00 3501 hollybraol, Pueblo 26.01 4 1 67,460.00 2611 Wyoming Av Pueblo 23.00 1 2 102,56.9.00 4815 Prospect ii Pueblo 29.03 4 1 14,481.00 1213 bran Ruren Pueblo 25.00 4 2 48,681.00 902 R Abriendo Pueblo 20.00 1 74,481.00 2116 4i 19th St Pueblo 29.01 4 2 66,996.00 22 MacNaughton Pueblo 9.04 1 1 76,4G5.00 2409 Rice Ave Pueblo 18.00 1 2 64,560.00 1715 Keeler Ave Pueblo 26.00 2 2 89,222.00 4901 Prospect D Pueblo 14.00 1 1 91,575.00 2029 :rine+:ood Pueblo 27.00 5 1 89,387.00 706 Airlane Ave- Pueblo 17.00 1 1 79,SG2.00 2733 6th Ave Pueblo 4.00 1 1 77,482.00 1224 Alexander Pueblo 11.00 1 2 42,429.00 2604 Piozwich Av Pueblo 2.00 3 2 80,942.00 1705 N Portland Pueblo 10.00 4 2 113,883.00 8832 Avenida He Pueblo 13.00 3 1 65,4 7 16.00 794 E Abriendo Pueblo 20.00 2 1 80,121.00 3128 Fairmount P eblo 1.00 1 1 57,590.00 532 Avocado St Pueblo 28.02 3 1 79,365.00 2505 Spruce St Pueblo 22.00 2 89,387.00 1634 Alexander Pueblo 9.02 1 1 78,460.00 2320 E Routt Pueblo 22.00 3 2 62,321.00 2816 E 11th St Pueblo 30.03 2 2 92,3£39.00 29 Churchill Rd Pueblo 9.02 2 2 77,499.00 3100 San Isabel Pueblo 1.00 3 1 74,468.00 1017 Constituti PUe1510 9.02 1 1 G9, 546.13 711 h' 14th St Pueblo 6.00 3 2 69.54G.13 711 n 14th St Pueblo 6.00 3 2 90,404.00 1948 Aceio Ave Pueblo 24.00 3 2 90,404.00 1948 Acero Ave Pueblo 24.00 3 2 61,602..00 612 E 9th St Pueblo 8.00 4 2 89,a96.00 3300 Sheffield Pueblo 28.01 4 2 VPSETASDWL PAG 9 G D A .A I Co W B In W . itl O 3 I T b C1 m 02./23/01 14:45:11 Issue Purch Price SOOC SOOD 62,600.00 75,000.00 72,500.00 71,553.00 07,500.00 56,500.00 G4,000.00 63,900.00 54,900.00 �81,D00.00 94,790.00 '11,750.00 52,000.00 82,000.00 03,900 -00 100,000.00 90,000.00 114,900.00 136,900.00 102 ,600.00 86,000.00 72,700.00 113,000.00 119,500.00 60,000.00 TOTAL AVG COUNT 9.5, S DO. 00 81,000.00 81,000.00 49,000.00 83,900.00 75,000.00 91,900.00 RO,000.OD 114,650.00 _0.3, 500 . 00 1D0,752.00 67,900.00 85,500.00 90,900.00 811,000 .00 Loans Purchased in 2000 in Pueblo County 1 -White 2- Hispanic 3 -81ack 4 -Am Indian /AlasY_a Native S -Asian Loan Prop Prop CcnsuB la Mace Amt Add City Tract IM1.6 Code 62,067.00 74,379.00 71,988.00 93,384.00 86,894.00 56,137.00 G1, 253.00 63,441.00 S4,538.00 80,433.00 94,169.00 71,275.00 51,636.00 81,450.00 83,333.DO 95,000.00 89,422.00 114,112.00 130, 055. DO 101,941.00 85,448.00 71,937.00 112, no. 00 118,522.00 59,615.00 6,857,344.26 77,924.37 921 E ROUt't Ave 1715 E 15th SL' 1825 Mohawk Rd 3928 aarabaugh 1012 Clarerrtont S18 Bellevue Dr 2029 E 6th St 1509 t-, 18t St 525 OrancJe St IC -29 Lexington 1819 Garwood Dr 3127 Arlington 1717 E 17th St 4902 Pioneer Rd 36OG Do von shire 1244 27th hane 78 Hanson Ln 679 So Inca Dri 877 S Sterling 220 S Caddoe or 752 S Aguilar D 968 S Saki Dr 1494 'K Delaney 830 S Aguilar 962 S Oa Pueblo 20.00 3 2 Pueblo 10.00 4 2 Pueblo 9.0.1 1 1 Pucblo 28.01 4 2 Pueblo 25.00 1 Pueblo 14.00 1 2 Pueblo 11.00 4 1 Pueblo 12.00 2 2 Pueblo 28.02 2 1 Pucblo 9.02 3 2 Pueblo 27.00 1 1 Pueblo 1.00 1 Pueblo 10.00 1 2 Pueblo 29.03 4 2 Pueblo 28.01 2 1 Pueblo 31.02 1 1 Pueblo 9.02 1 2 Pueblo Wes 29.04 3 1 Pueblo Wes 29.04 4 1 Pueblo Wes 29.04 4 1 Pueblo Wes 29.04 5 2 Pueblo Wes 29. 0 4 1 Pueblo We S. 29.04 4 2 Pueblo Wes 29.04 4 1 Pueblo Wes 29.04 1 1 94,881.00 76,312.00 76,312.00 46,550.00 83,333.00 I1 .481.0D 91,269.0D 79,•16G.00 113,909.00 82,926.00 99,604.00 67,460.00 84,951 .00 90,303.00 81,600.00 3611 Fairfield Pueblo 23.01 4 1 2812 Freedom Av Pueblo 2.00 2 1 2812 Freedom Av Pueblo 2.00 2 1 1418 E 10th St Puebla 10.00 2 1 2500 Sherwood L Pueblo 27.00 3 1 182 Gamble Ln Pueblo 9.02 1 2 110 La Rochelle Pueblo 28. 01 3 2 1519 Zuni Rd Pueblo 9.04 7 2 3011 Adrian Ave Pueblo 1.00 5 2518 Colur:lbine Pueblo 2G.00 1 1 4821 Prospect D Pueblo• 999.99 1 2 410 1; Routt Ave Pueblo 19.00 3 2 1904 1.1 32nd St Pueblo 1.00 2 2 1713 Comanche R Pueblo 9.04 4 1720 Palmer Ave Pueblo 24.00 1 2 VPSCTASDS ?L PAGE 7 4 ( 02/23/01 14:45:11 ] Issue Purch Price SOOD 8;,000.00 80,000.00 84,500.00 74,00n.00 68,000.00 68,000.00 67,900.00 S4,000.00 60,000.00 82 ,500.00 69,900.00 89,500.00 10 G, 500. 00 79,000.00 85,000.00 69,900.00 46,500.00 90,000.00 84,800.00 98� 449.D0 104,900.00 106,500.00 72,SU0.00 117,000.00 77,600.00 63,500.00 108,000.00 100,000.00 64,900.00 68 ,000.00 67,2-00.00 117,000.00 87,000.OD 109,900.00 82,000.00 105,900.00 76,500.00 65,000.00 45,000.00 -- -��0,000.00 106.000.00 102,000.00 76,000.00 9.],900.00 103,000.00 Loans Purchased in 2000 in Pueblo County 1 -White 2- Hispanic 3 -Black 4 -Am Indian /Alaska Native 5 -Asian Lnan Prop Prop Census #< Race Alit Add City Tract HHld Code 83,892.00 2510 Dahlia Lan Pueblo 79,46G.00 1612 E 1SLh St PUeblo 83,957.00 1135 25th In Pueblo 73,5]4.00 1501 Habash Ave Pueblo 63,899.00 602 F, Routt Pueblo 63,8S'9.00 5L'2 6 ttoutt Pueblo 67,460.60 1440 Beulah Ave Pueblo 93,347.00 534 Scranton Av Pueblo 59,615.00 2214 E Routt AV Pueb]D 81,60'3.00 3300 Azalea St Pueblo 69,444.00 1014 8 5th St Pueblo 88,925.00 1633 Be.lmout Av Pucblo 105,107.00 60 Amherst Ave Rue b1D 78,449.00 1802 Seminole L Pueblo 84,452.00 2520 Holywood D Pueblo 69,444.00 1702 C 6th St Pucblo 46,703.00 1436 Pine Pueblo 97,371.00 1625 Horsenhoe Pueblo 84,350.00 1120 Alexander Pueblo 97,171 -00 4823 Prospect D Pueblo 104,226.00 48 Calhoun Pueblo 107,000.00 3 Colt Ct Pueblo 72,034.00 2013 W 18th St Pueblo 1 15,522.00 1 Carpenter P1 Pueblo 7 5,571.00 2816 Sth Ave Pueblo 64,770.00 31S 'I} ler St Pueblo 107,GG1.00 4106 Woodside L Pueblo 99,358.00 1 Emptror Ct Pueblo 64,334.00 2219 W 17th St Pueblo 66,646.00 1232 Roselawn R Pueblo 66,391.00 1822 E 5th St Pueblo 116,249.00 4605 Cedarwecd Pueblo 86,43G .00 2003 LYnwood Ln Pueblo 109,19S.00 4028 Hillaide1) Pueblo 81,4SO.OD 2016 Sherwood L Pueblo 101,G48.00 541 Starlite Dr Pueblo 75,700.00 737 Long St Pueblo 64,560.00 201 Circle Lane Pueblo 44,871.00 2710 O'Neal Ave Pueblo 82,926.00 1074 S Honcysuc Pueblo .7es 105,311.00 415 S Nathrop D Pueblo heS 101,346.00 634 S Palo Pint Pueblo Wes 66,825.00 1209 N Platte ' Pueblo Saes 91,269.00 57 Yl Bonanza Dr Pueblo ties 100,351.00 G88 E Clarion D Pueblo Wes 26.00 2 1 10.00 4 2 31.02 1 1 24.00 2 1 20 -00 1 1 20.00 1 1 25.00 1 ] 18.00 2 ; 22.00 1 1 28.01 1 8.00 2 Y 24 .0 0 1 17.00 3 2 9.04 3 2. 27.00 3 1 11.00 1 2 21.00 2 1 9.02 2 2 9.02 2 2 11.00 1 1 9.04 5 2 29.03 } 1 29. D2 1 1 2 9.02 3 1 4.00 2 1 15.00 1 2 29.03 5 2 28.07 2 2 29.01 2 1 31.01 2 1 11.00 3 30 -C4 2 1 2.7. 00 3 29.03 3 2 27.00 2 2 28.08 3 1 28.02 L 2 30.01 3 1 26.00 2 1 29.04 i 1 29.04 2 1 14.00 3 1 29.05 3 1 29.04 3 1 29.04 2 1 VPSETASD'n L PACE. 8 b ,C I O1 W CD LO W Ol 'rl a7 O 3 I T b n m M 0202.3/01 14:45:11 Loans Purchased in 2000 ill Puchlo County 1 -Fhite 2- 11ispanic 3 -Black 4 -Am Indian /Alaska Native S -Asian Issue Porch Price Loan Prop Prop Census 9 Racc Amt Add City Tract Mild Code SODU 113,D00.00 112,230.00 579 S Divot Dr Puebla Wes 29.04 2 1 135,500,00 136,527.00 663 G Karigold Pueblo 'r7cs. 29.05 4 1 90,000.00 90,600.00 303 E Don Dr Ptteblo Wes 29.09 2 1 TOTAL 5,32,,432.00 AVG 04,546.54 COUNT SODE 63,900.00 63.489.00 72G Acero Ave Pueblo 18.00 1 1 63,900.00 63,/489.00 726 Acero Ave Pueblo 18.D0 1 1 113,;00.00 110,246.00 2909 Tucci Ln Pueblo 27.00 i 1 81,500.00 79,365.00 108 kenwood Dr Pueblo 13.00 1 I 61,SUO.00 79,365.00 108 Kenwood Dr Pueblo 13.00 i 1 48,000.00 35,110.00 2509 1/2 Poplar Pueblo 23.00 1 2 48,000.00 36,110.00 2509 1/2 Poplar Pueblo 23.00 1 48,000.00 3G, 110.00 2509 1/2 Poplar Pueblo 23.O(r 1 2 81,000.00 80,.60.00 2312 Newport Av Pueblo 1�i.00 1 1 81,000.00 80.480.00 2312 Newport Av Pueblo 19.00 1 1 IN:) 'AL GGS, 244.00 AVG 66,524.40 i COUNT FINAL TOTALS TOTAL 28,323,055.26 AVG 79,114.68 COUlrT B 10 D 0 P R E P O R T , PAGE 9 l VPSE•TASOrL