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01-21-2025 HRAM Am 111 Flassairi Stireet SE Flutchilinsoin, MN 55350 HRA Welbsile�.w. ..w..w.2.1.h u..-.t..c 1h. I.J.2 s o 2.1h i.r a coin. HUTCHMSON IHOUSINIG AND (320)234 4251. (320)234 4240 Fax REDEVELOPMENT AUTHORITY Hutchinson HRA Regular Board Meeting January 21,2025 Minutes 1. CALL TO ORDER Chair Renee Lynn Johnson-Kotlarz called the meeting to order at approximately 7:00 a.m. Members present: Peggy Godina, Robin Kashuba, Gary Forcier; Members not present: Dan Masog; Staff present: Judy Flemming, John Olson Forcier moved to approve the Hutchinson HRA Regular Board Meeting agenda as presented, second by Kashuba, unanimous approval. 2. PUBLIC COMMENTS No citizens addressed the HHRA Board of Commissioners. 3. CONSIDERATION OF MINUTES OF THE REGULAR BOARD MEETING ON DECEMBER 17, 2024 Forcier moved to approve the regular meeting minutes as presented, second by Kashuba, unanimous approval. 4. FINANCIAL REPORTS Following discussion and having questions answered by Flemming: a. City Center: 1) Consideration of City Center General Fund payments of$8,301.30 for checks 9494 to 9500 2) Consideration of City Center pre-adjustment December 31, 2024 Financial Statements —pre- adjustment Financial Statements Motion by Forcier, second by Kashuba to approve City Center financial report, unanimous approval. b. Park Towers: 1) Consideration of Park Towers Operating Account payments of$41,588.84 for checks 16573 tol6598, and the 12/31/2024 Visa Bill Motion by Kashuba, second by Forcier to approve Park Towers financial report, unanimous approval. 5. CONSIDERATION OF RESOLUTION 2025-1 ADOPTING 2024 HRA COMPENSATION PLAN Motion by Forcier, second by Kashuba to adopt Resolution 2025-1, unanimous approval. 6. LIABILITY & PROPERTY INSURANCE PROPOSAL Motion by Forcier, second by Kashuba to approve proposal, unanimous approval. 7. PARK TOWERS a. Consideration of purchase of 5 new washers & 5 new dryers. Johnson-Kotlarz recommended placing appliances on a 5-year replacement schedule, in lieu of the current 7-year schedule. Motion by Forcier, second by Kashuba to purchase new appliances, unanimous approval. b. Park Towers January Newsletter c. Park Towers Vacancy Report d. PIH Closeout Update e. Operation Update Am 111 Flassain Stireet SE Flutchilinson, MN 55350 HRA Welbsile�.w. ..w..w.2.1.h u..-.t..c 1h. I.J.2 s o 2.1h i.r a coin. HUTCHMSON IHOUSINIG AND (320)234 4251. (320)234 4240 Fax REDEVELOPMENT AUTHORITY 8. UPDATE ON CITY HOME REPAIR PROGRAMS Flemming presented current home repair programs and the source of funding used by the City for those programs. Board members recommended keeping existing programs, increasing the Live & Work in Hutchinson, first-time homebuyers Workforce initiative housing improvement grant program limit from its current$5,000 to $10,000. Motion by Johnson-Kotlarz to request from the City Council to use the statewide affordable housing aid to continue the current city home repair programs with the one increase noted, second by Kashuba, unanimous approval. 9. UPDATE ON ISLAND VIEW CIRCLE HOUSE PROJECT Flemming shared the closing documents indicating proceeds from the sale of the home, comparing them to costs incurred by HRA for the project. 10. COMMUNICATIONS a. Term Life Insurance b. Hutchinson City Council approved the 2024 HRA Final Tax Levy December 19, 2023 c. Flemming identified 2025 City Legislative Priorities adopted by the City, particularly those related to housing. d. FYI: November 2024 Hutchinson Housing Market Update e. FYI: Freddie Mac Mortgage Interest Rate for the week of 1/9/2025 up from last month f. Updated HRA Board of Commissioners & Staff List 11. ADJOURNMENT Motion by Kashuba, second by Forcier to adjourn, closing the meeting for Director's performance review, unanimous approval. PERFORMANCE REVIEW FOR DIRECTOR