07-21-2009 HRAMHutchinson Housing & Redevelopment Authority
Regular Board Meeting Tuesday, July 21, 2009, 7:00 AM
Minutes
CALL TO ORDER: Chairman Joel Kraft called the meeting to order. Members Present: Becky
Felling, LaVonne Hansen, and Ruth Kimball. Staff Present: Jean Ward and Judy Flemming.
2. MINUTES OF THE HRA BOARD MEETING ON JUNE 16, 2009
LaVonne Hansen moved to approve the Minutes as written. Ruth Kimball seconded and the motion
carried unanimously.
FINANCIAL REPORTS
a. Becky Felling moved to approve the City Center General Fund payments of $127,555.17 for
checks 7453 to 7471 and June 2009 Financial Statements and Park Towers May Financial
Statements and payments of $39,256.42 for checks 10762 to 10807. LaVonne Hansen seconded
and the motion carried unanimously.
4. REVIEW OF PARK TOWERS SURVEY AND PROPOSED PRELIMINARY PLAT
Jean Ward reviewed with the Board the Park Towers' property survey and the proposed preliminary
plat.
5. CONSIDERATION OF EXECUTION OF CONTRACT WITH GREATER MINNESOTA
HOUSING FUND PROGRAM REGARDING PURCHASE OF BANK OWNED PROPERTIES
THROUGH THE NATIONAL COMMUNITY STABILIZATION TRUST PROGRAM (NCST)
• Jean Ward reviewed with the Board the REO property process to purchase and the REO property
review checklist.
• LaVonne Hansen moved to execute the Memorandum of Understanding with GMHF; approve the
resolution to authorize the Loan Review Committee to accept, counter, or decline a price from the
bank and negotiate an acceptable purchase agreement; and to approve the Borrowing Resolution,
that designates the Executive Director and /or the Board Chairman to execute the purchase
agreement. Ruth Kimball seconded and the motion carried unanimously.
6. CONSIDERATION OF APPROVAL OF 2009 HUTCHINSON HOUSING PLAN AND
RECOMMENDATION TO CITY COUNCIL FOR APPROVAL
Becky Felling moved to approve the 2009 Hutchinson Housing Plan and to recommend to the City
Council approval of the Plan. Ruth Kimball seconded and the motion carried unanimously.
7. CONSIDERATION OF APPROVAL OF AMENDED REVOLVING HOUSING LOAN PROGRAM
TO ALLOW PURCHASE /REHAB OF FORECLOSED PROPERTIES BY THE HRA AND USE OF
REHAB REVOLVING LOANS IN THE PROPOSED NE NEIHBORHOOD AS LEVERAGE TO
SCDP PREAPPLICATION AND RECOMMENDATION TO CITY COUNCIL FOR APPROVAL.
8. CONSIDERATION OF ALLOCATING UP TO $30,000 OF HRA REHAB FUNDS AS LEVERAGE
TO THE SCDP NE NEIGHBORHOOD REHAB PREAPPLICATION AS OWNER MATCH
FINANCING
Ruth Kimball moved to approve to amend the Revolving Housing Loan Program to allow
purchase /rehab of foreclosed properties by the HRA and the use of Rehab Revolving loans in the
proposed NE Neighborhood as leverage to SCDP pre- application; recommend amendment to the City
Council for approval; and to allocate up to $30,000 of HRA Rehab finds as leverage to the SCFP NE
Neighborhood Rehab pre- application as owner match financing.
July 21, 2009 Minutes Page 1 of 2
9. 2009/2010 SCHOOL CONSTRUCTION HOUSE UPDATE
Jean Ward reviewed with the Board the draft Memorandum of Understanding. Becky Felling moved
to approve the MOU plus adding that the School could have 25% of the profit if there is any. Ruth
Kimball seconded and the motion carried unanimously.
10. CONSIDERATION OF RESOLUTION 409 -06 TO ADOPT REVISED PROCUREMENT POLICY
LaVonne Hansen moved to approve Resolution 409 -06 to Adopt Revised Procurement Policy. Ruth
Kimball seconded and the motion carried unanimously.
11. CONSIDERATION OF 2010 HRA CITY CENTER BUDGET
Jean Ward reviewed the 2010 HRA Budget with the Board. Becky Felling moved to approve the 2010
HRA Budget. Ruth Kimball seconded and the motion carried unanimously.
12. LOAN ADMINISTRATION
Becky Felling moved to approve EFG Hierlmaier Loan 486994 and EFG Stammer Loan 486995
contingent to the Loan Review Committee approval. Ruth Kimball seconded and the motion carried
unanimously.
13. OTHER/FYL
a. Foreclosure Sale Update
b. New Postponement of Foreclosure law effective June 15, 2009
c. City Planning Agenda
14. ADJOURNMENT
There being no other business, Chairman Joel Kraft declared the meeting adjourned.
Recorded by Jean Ward, HRA Executive Director
Becky Felling, Secretary /Treasurer
July 21, 2009 Minutes Page 2 of 2