February 26, 2008 HD 37 MEETING MINUTES
SUBMITTED BY HD37 Secretary KARL GOEKEN
SUBMITTED BY HD37 Secretary KARL GOEKEN
The meeting was called to order by HD 37 Chair, Vineta Campau at 7:10 pm.
Thanks to everyone who participated in and helped with the caucus on the 5th.
Thanks to everyone who participated in and helped with the caucus on the 5th.
Honored Guests: Centennial City Counsel man Ward II Keith Gardner; Candidate for Congressional District 6 Hank Eng; Candidate for House District 37 Representative Diana Holland; Home Rule Charter Commissioners Deb Armbruster & Bill Stokey; Arapahoe County Democrats Vice Chair Karen Hart; Candidate for Congressional District 6 Betty Harris for Mike Collins
Announcements:
There will be a Mark Udall for Senate Idea meeting on Saturday March 1st at 3 pm at Arapahoe County Democrats HQ hosted by Jennifer Herrera & Patrick Anderson.
Diana Holland is having a kick-off Thursday March 6th at 6:30 pm at The Fox & Hound. Andrew Romanoff will be in attendance.
The county convention will start at 8 am on Saturday March 8th at a Hinkley High School in Aurora. Delegates will be mailed an official call for the county convention which will be mailed out this week.
Saturday March 15th 8:30 am, South Metro Forum. Angela Engel will be the guest speaker on educational issues in the state legislature.
Saturday March 15th 8:30 am, South Metro Forum. Angela Engel will be the guest speaker on educational issues in the state legislature.
We are seeking to fill vacancies for PCP's. Check out our hd37dems.org for info. Dave Golias is our webmaster. We will be having a PCP potluck event for training.
Bill Stokey & Deb Armbruster: The charter commission is done with the proposed charter. The document is on their website, centennialcharter.com. The election to ratify the charter will be June 10th
Tonight's topic: "ECONOMIC ISSUES THAT AFFECT US IN HD 37"
Guest Speakers:
C. J. Whelen - Today's economy based on the perspective of a small business owner:
The key question is: "are my clients still going to buy my product tomorrow?" Will he meet his budget, sales and growth goals? Things like interests rates, inflation etc are important in the long run. Small business owners aren't necessarily affected by the big picture issues that affect the country, or larger businesses. For example high unemployment rates don't hurt a small business owner, it actually makes finding help easier. Health cost issues affect a small business owner more than a larger company due to affordability to provide that benefit to his employees.
The key question is: "are my clients still going to buy my product tomorrow?" Will he meet his budget, sales and growth goals? Things like interests rates, inflation etc are important in the long run. Small business owners aren't necessarily affected by the big picture issues that affect the country, or larger businesses. For example high unemployment rates don't hurt a small business owner, it actually makes finding help easier. Health cost issues affect a small business owner more than a larger company due to affordability to provide that benefit to his employees.
Sherry Hurd & T. J. Rubley - Today's economy base the perspective of a realtor and loan officer:
Foreclosures are very high so far this year - 500 to 900 foreclosure filings per week in Colorado. Centennial only 24 last week. Denver was #1 last year for foreclosures. There were 9221 foreclosure filings in Arapahoe County in 2007. In 2006 there were around 5000. The media feeds our perceptions of the economy. You be the judge for yourself.
This year however Denver is way down. Detroit, Miami, San Francisco, Phoenix and Las Vegas have overtaken us. Out of this calamity however there are great opportunities for first-time buyers. Prices are down, supply is high and interest rates are at historic lows. Of the last 10 condos Sherry has shown, 9 were foreclosures / bankruptcies.
Foreclosures are very high so far this year - 500 to 900 foreclosure filings per week in Colorado. Centennial only 24 last week. Denver was #1 last year for foreclosures. There were 9221 foreclosure filings in Arapahoe County in 2007. In 2006 there were around 5000. The media feeds our perceptions of the economy. You be the judge for yourself.
This year however Denver is way down. Detroit, Miami, San Francisco, Phoenix and Las Vegas have overtaken us. Out of this calamity however there are great opportunities for first-time buyers. Prices are down, supply is high and interest rates are at historic lows. Of the last 10 condos Sherry has shown, 9 were foreclosures / bankruptcies.
What can we do going forward: Can FHA restructure; Can FHA change appraisal process;
Average days on the market: 60 days to 4 months on average. Good homes in good condition in good locations that are priced right will always sell. Staging is important in a sale.
Average days on the market: 60 days to 4 months on average. Good homes in good condition in good locations that are priced right will always sell. Staging is important in a sale.
The meeting was adjourned at 8:33 pm.
Attendance 57
Attendance 57
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