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Hutchinson HRA Regular Board Meeting
March 17, 2026
Agenda
1. CALL TO ORDER- 7:00 a.m. - CITY CENTER MAIN CONFERENCE ROOM
a. Approve the Hutchinson HRA Regular Board Meeting agenda and any agenda additions and/or
corrections.
b. Declarations of conflict of interest.
2. PUBLIC COMMENTS — Citizens Addressing the HHRA Board of Commissioners
(This is an opportunity or members of the public to address the HHRA Board.If you have a question,concern or comment,please ask to be recognized by the chair—state your name and
address for the record.Please keep comments under 5 minutes.Individuals wishing to speak for more than five minutes should ask to be included on the agenda in advance of the meeting.
All comments are appreciated,but please refrain from personal or derogatory attacks on individuals)
3. CONSIDERATION OF MINUTES OF THE REGULAR BOARD MEETING ON FEBRUARY 17, 2026
4. FINANCIAL REPORTS
a. City Center:
1) Consideration of City Center General Fund payments of$15,311.91 for checks 9576 to 9581
2) Consideration of City Center February 2026 Financial Statements
b. Park Towers:
1) Consideration of Park Towers Operating Account payments of$103,565.9 for checks 16978
to 17013, and the 3/9/2026 Visa Bill payment
2) Consideration of Park Towers January 2026 Financial Statements
3) PILOT $28,335.74 for Fiscal Year Ended 12/31/2025
4) Insurance Register
5. 7:30 A.M. -2025 AUDIT PRESENTATION BY ABDO
6. PARK TOWERS
a. Park Towers March Newsletter
b. Park Towers Vacancy Report
c. Operation Updates
1) Discussion on Building Retrofit of Sprinkler System
7. PROGRAM UPDATES
a. Downtown Housing Rehab Program Update
b. Owner Occupied Rehab Programs Update
8. COMMUNICATIONS
a. MN Paid Leave Update
b. Social Media Marketing Performance Report
c. Notice of Pending Partnership for King Motel SRO Housing Initiative
d. FYI: Coalition of Greater MN Cities' report"Advancing Housing Policy in Minnesota Cities"
e. FYI: March Freddie Mac: Mortgage rates held steady at 6%this week, hovering near their lowest
level since 2022. In fact, rates are down nearly a full percentage point from this time in 2024,
spurring activity from buyers, sellers and owners. As a result, refinance activity is up, and
purchase applications are ahead of last year's pace.
• The 30®year fixed-rate mortgage averaged 6.00% as of March 5, 2026, slightly up from last
week when it averaged 5.98%. A year ago at this time, the 30-year FRM averaged 6.63%.
• The 15-year fixed-rate mortgage averaged 5.43%, slightly down from last week when it
averaged 5.44%. A year ago at this time, the 15-year FRM averaged 5.79%.
9. ADJOURNMENT