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11-17-2009 HRAMHutchinson Housing & Redevelopment Authority Regular Board Meeting Tuesday, November 17, 2009, 7:00 AM Minutes CALL TO ORDER: Chairman Joel Kraft called the meeting to order. Members Present: Bill Arndt, Becky Felling, and Ruth Kimball. Staff Present: Jean Ward and Judy Flemming. 2. MINUTES OF THE HRA BOARD MEETING ON OCTOBER 20, 2009 Bill Arndt moved to approve the Minutes as written. Ruth Kimball seconded and the motion carried unanimously. FINANCIAL REPORTS a. Bill Arndt moved to approve the City Center General Fund payments of $29,390.27 for checks 7507 to 7513 and October 31, 2009 Financial Statements and Park Towers September Financial Statements and payments of $35,456.02 for checks 10916 to 10950. Ruth Kimball seconded and the motion carried unanimously. b. Jean Ward reviewed with the Board the spreadsheet showing local leverage allocated by program including potential house purchase at 1116 Lewis Avenue. Ruth Kimball moved to use the City Center reserves in the potential purchase of the house at 1116 Lewis Avenue to avoid paying interest on a loan from GMHF. c. Becky Felling moved to approve the revised HRA fee schedule. Bill Arndt seconded and the motion carried unanimously. 4. PARK TOWERS UPDATES a. ARRA funds - Parking Lot Project: The engineer is putting the final specification together. b. Park Towers Vacancy Status: there are 3vacancies, but processing applicants. c. Recertifications of all the residents will be done by December 1st d. Bill Arndt moved to approve Resolution 409 -12 to Adjust 2009 Park Towers Inventory. 5. CONSDIERATION OF RESOLUTION 409 -11 TO WRITE OFF $2,000 ENTRY COST ASSISTANCE LOAN FOR SHORT SALE SANDRA KARG Ruth Kimball moved to approve Resolution 409 -1 Ito write off $2,000 entry cost assistance loan for a short sale Sandra Karg. Becky Felling seconded and the motion carried unanimously. 6. 2009/2010 SCHOOL CONSTRUCTION HOUSE UPDATE a. 1116 Lewis Avenue Update: Bill Arndt moved to submit a counter offer of $73,000 with a closing of December 15th. Ruth Kimball seconded and the motion carried unanimously. b. 400 Lynn Road Update: Jean Ward reviewed with the Board the new listing price of $39,900 and the new regulations regarding asbestos and lead based paint removal. The Board was not interested in the property at this time. 7. CONSIDERATION OF LETTER OF SUPPORT TO REPLACE BURNS MANOR Bill Arndt moved to approve the Letter of Support to replace Burns Manor. Becky Felling seconded and the motion carried unanimously. 8. OTHER/FYL a. General Apartment Vacancy Rate — final data 14.9 %. b. No additions to the Foreclosure Sale Report. c. FYI: Tax Incentives Extension for First Time Homebuyers d. FYI: Planning /Zoning /Building Department November 17, 2009 Minutes Page 1 of 2 e. Jean Ward reviewed with the Board the Section 3 Compliance requirements. She is still waiting for more guidance for HUD. 10. ADJOURNMENT There being no other business, Chairman Joel Kraft declared the meeting adjourned. Recorded by Jean Ward, HRA Executive Director Becky Felling, Secretary /Treasurer November 17, 2009 Minutes Page 2 of 2