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06-22-2010 HRAMI ARA Hutchinson Housing & Redevelopment Authority Regular Board Meeting Tuesday, June 22, 2010 7:00 AM Minutes CALL TO ORDER: Chairman Joel Kraft called the meeting to order. Members Present: Bill Arndt, Becky Felling, LaVonne Hansen and Ruth Kimball. Staff Present: Jean Ward and Judy Flemming. 2. MINUTES OF THE HRA BOARD MEETING ON MAY 18, 2010 LaVonne Hanson moved to approve the Minutes as written. Ruth Kimball seconded and the motion carried unanimously. 3. FINANCIAL REPORTS Bill Arndt moved to approve the City Center General Fund payments of $28,922.68 for checks 7613 to 7636 and May 2010 Financial Statements and Park Towers payments of $34,284.81 for checks 11162 to 11191 and April 2010 Financial Statements. LaVonne Hansen seconded and the motion carried unanimously. 4. PARK TOWERS UPDATES a. Jean Ward updated the Board on the Parking Lot project and Charge Order 41. b. Ruth Kimball moved to approve Resolution 410 -06, Approving Acceptance of 2010 Capital Fund Program Funding and Execution of the Capital Fund Program Amendment to the Consolidated Annual Contributions contract. Becky Felling seconded and the motion carried unanimously. c. Jean Ward reviewed the Occupancy Report with the Board - Full. 5. NE NEIGHBORHOOD UPDATE a. Jean Ward reviewed with the Board the different owner match options available to homeowners in the NE Neighborhood. b. LaVonne Hansen moved to approve NEN SCDP Loans 48683 -7 Le and 8683 -1 Anderson contingent to the Loan Review Committee's approval. Becky Felling seconded and the motion carried unanimously. 6. SUBORDINATION REQUESTS Becky Felling moved to approve the subordination request for EFG SCDP loan 48696 Wehde contingent to the Loan Review Committee's approval. Bill Arndt seconded and the motion carried unanimously. 7. SCHOOL CONSTRUCTION PROGRAM UPDATE a. 1116 Lewis Avenue: The school has completed the scope of work. b. 400 Lynn Road: Still waiting to put in offer. c. 318 Alan: Good location because it is close to the High school, but will not be available until August. 8. OTHER-FYI a. Planning Staff Meeting Agenda b. 2010 List of Hutchinson Foreclosure Sales to Date June 22, 2010 Minutes Page 1 of 2 9. 2010 DRAFT BUDGET CITY CENTER Jean Ward reviewed with the Board the draft City Center budget. It follows the City Council's perimeters. A project fund category was added as leverage for HRA Programs. 10. CONSIDERATION OF DECEMBER 31, 2009 HRA AUDIT REPORT Jean Ward reviewed with the Board the December 31, 2009 HRA Audit Report. Bill Arndt moved to approve the December 31, 2009 HRA Audit Report. Ruth Kimball seconded and the motion carried unanimously. 11. OVERVIEW OF STRATEGIC PLANNING PROCESS The Board decided to have a special meeting to do strategic planning on July 12th at noon. 12. ADJOURNMENT There being no other business, Chairman Joel Kraft declared the meeting adjourned. Recorded by Jean Ward, HRA Executive Director Becky Felling, Secretary /Treasurer June 22, 2010 Minutes Page 2 of 2