02-15-2005 HRAMHutchinson Housing & Redevelopment Authority
Regular Board Meeting —
February 15, 2005
Minutes
CALL TO ORDER: Chairman Ian McDonald called the meeting to order. Members Present:
Becky Felling, Casey Stotts, and Brig Knott. Staff Present: Jean Ward, and Judy Flemming.
2. MINUTES OF THE HRA BOARD MEETING ON JANUARY 18, 2005
Casey Stotts moved to approve the Minutes as written. Brig Knott seconded and the motion
carried unanimously.
3. FINANCIAL REPORTS
Jean Ward presented the financial reports including the year end data to the Board. Casey
Stotts moved to approve the Financials. Brig Knott seconded and the motion carried
unanimously.
4. PARK TOWERS
a. Jean Ward reviewed with the Board the bid results for the renovation project. Casey
Stotts moved to award the contract to C & L Services that accepts a base bid of $182,900
and a change order to add 3 Type A apartments and 1 Type B apartment for $103,000 for
a total of $285,900. Brig Knott seconded and the motion carried unanimously.
b. Jean Ward did a power point presentation for Board on the Management Operations
Certification (MASS). Becky Felling moved to approve Resolution #05 -2 Approving
Management Operations Certification (MASS). Brig Knott seconded and the motion
carried unanimously.
5. SCHOOL CONSTRUCTION PROGRAM UPDATE
Diane Sorensen of Hometown Realty presented to the Board her proposal for the purchase
price for the School Construction Program House. The Real Estate Commission would be
5 %. After Diane's presentation the Board reviewed the budget and discussed the purchase
price. Becky Felling moved to approve the Listing Agreement with Diane Sorensen of
Hometown Realty and to set the purchase price at $149,500.
6. PARK TOWERS CONTINUED
c. Becky Felling moved to approve Resolution #05 -3 for Disposition of Front Load Washer.
Casey Stotts seconded and the motion carried unanimously.
7. SCHOOL CONSTRUCTION PROGRAM CONTINUED
b. Jean Ward presented to the Board the Memorandum of Understanding with the School
District. Casey Stotts moved to approve the Memorandum of Understanding with the
School. District. Becky Felling seconded and the motion carried unanimously.
c. Jean Ward presented to the Board a draft purchase agreement to purchase two lots at
Island View Heights Sixth Addition. Casey Stotts moved to approve the purchase of the
two lots for up to $28,500 for each lot with the proposal to split the cost of the
assessments. Brig Knott seconded and the motion carried unanimously.
d. FYI — Hutchinson Leader Article "Students Build New Home as Well as New Skills"
ROLLING MEADOWS EAST UPDATE
a. Judy Flemming updated the Board on the changes to HHPOP Guidelines as a Glance.
Casey Stotts moved to approve the revised HHPOP Guidelines as a Glance purchase price
that correspond with GMHF's limits. Brig Knott seconded and the motion carried
unanimously.
b. Jean Ward reviewed with the Board the MHFA RFP Application that was submitted for
additional gap funds.
c. Ian McDonald explained the current minimum Housing expense and debt to income ratios
of 28/36 for the CRV Gap Loan and the City Revolving Loan are not consistent with
MHFA's guidelines for the HAF monthly payment assistance. The monthly payment
assistance is available for only 3 years and the amount of the assistance is reduced each
year, $60- $40 -$20. Casey Stotts moved to allow the minimum Housing expense and debt
to income ratios for the CRV Gap Loan and City Revolving Loan to go below the
minimum if MHFA HAF monthly payment assistance is being used.
9. Jean Ward reminded the Board of the meeting with City Council on March 15th at 8:30 AM to
review the 2004 Year End Report.
10. ADAM STREET NEIGHBORHOOD PROJECT SUBORDINATION REQUEST
Request Withdrawn
11. FYI
a. Award Letter from MHFA for CASA for Existing Homes in Hutchinson
b. NAHRO Information on the President's FY 2006 Budget
12. ADJOURNMENT
There being no other business, Chairman Ian McDonald declared the meeting adjourned.
Recorded by Jean Ward, HRA Executive Director
Becky Felling, Secretary /Treasurer