12-24-2024 HRAM j%
iss
111 fla ,",,an Street SE
Websi,te�,''www.hlutcli'I u `,r^ni
HI NOR I I
Hutchinson Regular So�arcl Meeting
Decemkier 1 ,211024
Miniu,tes
L CALLTOORDER,
Cha"r Renee Lynn Johnson Kotlarz callied the meeting,to order.
For der,
Members t Its Pleggy Goidina,, shut
a. M a so, I I' I " including,
agenda III n it correctiorts,, second ' unanimous,approval.
PUBLIC COMMENTS,
No citizens addressied the HHRA Board oftornmissioners,
I CONSIDERATION OF NUTES REGULAR BOARD MEETING OR
NOVEMBER L, 2024 AND CORRECTEDMINUTES,
SPECIAL,
FINANCIALForder moved to approve the October special meeting,minutes and the Noverniber regular board meeting rninutes,, as
4.
FollowingIIs, ssihaving a I' ns y, l I mII
Forcier movedCity Center financial reports, second by Maw& unanimous, a1.
financial reports included:
1) City Center,General Fund payments of
' 1Bill
2), Citty Centier,Novernber,301,,20,24, Financial Statements
'e Park'Towers,firiancial reports, second by Forder, unanimious approval.
ParkTowers finaincial reports included,-.,
i or s I , I, ,I f
Visa Bill
2) P,airk'T'o,w,e,rs,sliecur'ltly,Deposit Accounit,payments of,L,,1,,076.24'for chiecks, 1634
3) P,ark,T'owe,rsNov,ember30,, 2"�024�Fi�niancial�'Stateime,nts
5. PARX TOWERS
II III n. Resollutfoin 2024-1-
unanimous
Resolution , : Forcier,rniovedto approve ResolutionIte off uricollectable accounts,,, ec ICI
'Inanirnous,approval'
_., Resolution 2024- .- Forcier moved to,approve ResolutionRevised Capitalization Policy, second
unanimiou' Il.
-6, Depreciation Report, second by Mlasog,,,
unanimous,approval.
Resolution I , n Ii i in y closeout Public Housing
terminatingAuthority,aind Contribution opinion e fro
the,law firm BallardResolution 1 t from HUD Closeout of HIRA of
Hutchinson asa PublicI, th ity and'Te Inat n olf'the PublicHousing, N Co, r,"i tipon,Cointr,� �c .
selcond by Forclier,, unanimous approval.
'!%
0017
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REJ01,1EVELOPM ENT AUTHORITY
,'., Fliemming presented the December 202,4,Park Towers Newsletter
g Flemming pre se riledthe Park'Towers Vacancy Re�port
d. Flemming resent n operations,updatiefor Park To irs including much let r Iresults,frolmi the City Rental
inspectioin,i compared to, previolus years and a potential cliai7'. CONSIDERATION Of APPROVAL,Of CITYHOME REPAIRS PROGRAM GRANT.:
1. Motion by Forcl r to,approvie City Rehab Grant for 645 Main Street S for 17 335, second by Masog, unan rno, is
approval.
UPDATEb. Motillon by Masiogto approve City UTIergency Home Repair Girantfor,578 Main Street S for,$4,650, second by
Forcier,unanimojuis,approval contin,gent to the loan review committee's,approval.
8. ! ISLAND VIEW CIRCLE HOUSE
JohnsonFlemming and Renee Lynn IKloiflairz signed closing I is yesterday.
9. DEED PROGRAM INCOME LETT ER & j
Fliernming presented regarding r she,sent to Mn, DEED,to reuse programincomiefor projects,otherwise,eligible
for all Cities Developmentr r lmSCU s Iect to applicable F r; l iS ' regulations. I 'funds,
, "ll be uised,for an low,ner-occupied or rental rehab"fitatibn project"in the,spring,of 2,025.
. GUIDE VACANCY UPDATE
Flemming presented the 2024 ide that i,ll be posted on the ite. It was noted the i
ncy, rate
ropped to less than 3%for,2024,. The intent is to get more, res,ponses for 2025.,
11. COMMUNICATIONS
Included for the Bolard's, information were,the following:
Developer, r Dow,ntown Housing
. Do,wntown Plan
c,. FYI: Deposit itour City, HIRA Affordable Housing un
d. FYI,October 20,24, Hutchinson Housing Market Update,
FYI.- Freddie Mac Mortgage Interest Rate for the,weed of 12/51/2,024 down frorn last month 0. %
1 ADJOURN EN
IForc er roved to adjourn, second by Masogi, Chair Renee Lynn Io nso Kotlarz,diecilared the meeting adjourned.,
Recorded ly Judy,Flemmink irectior,
Gard F rcier lecre ar /Tr astir r