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10-19-2010 HRAMI ARA Hutchinson Housing & Redevelopment Authority Regular Board Meeting Tuesday, October 19, 2010 7:00 AM Minutes CALL TO ORDER: Chairman Becky Felling called the meeting to order. Members Present: LaVonne Hansen, Ruth Kimball and Joel Kraft. Staff Present: Jean Ward and Judy Flemming. 2. CONSIDERATION OF MINUTES OF THE REGULAR BOARD MEETING ON SEPTEMBER 21, 2010 AND CONSIDERATION OF MINUTES OF ANNUAL MEETING SEPTEMBER 21, 2010 0 Joel Kraft moved to approve the Minutes of the regular board meeting as written. Ruth Kimball seconded and the motion carried unanimously. • Ruth Kimball moved to approve the Minutes of the Annual Board Meeting as written. Joel Kraft seconded and the motion carried unanimously. 3. FINANCIAL REPORTS Joel Kraft moved to approve the City Center General Fund payments of $82,692.96 for checks 7686 to 7695 and September 2010 Financial Statements. LaVonne Hansen seconded and the motion carried unanimously. • LaVonne Hansen moved to approve the Park Towers payments of $160,273.79 for checks 11293 to 11320 and August 2010 Financial Statements. Ruth Kimball seconded and the motion carried unanimously. 4. PARK TOWERS UPDATES a. LaVonne Hansen moved to approve Resolution 410 -11 Approving Park Towers Revised Lease effective November 1, 2010. Joel Kraft seconded and the motion carried unanimously. b. Jean Ward reviewed the Proposed 2011 Flat Rent with the Board. Joel Kraft moved to leave the proposed 2011 flat rent the same at the 2010 flat rent. Ruth Kimball seconded and the motion carried unanimously. c. Jean reviewed with the 12/31/2009 Board the Public Housing Assessment System (PHAS) score, 93 out of 100 High Performer. d. Joel Kraft move to approve Parking Lot project, change order 43 contingent to the engineer's cost analysis. Ruth Kimball seconded and the motion carried unanimously. e. Jean Ward gave the Board an update on the installation of the New Boilers and a Hot Water Heater. 5. NE NEIGHBORHOOD UPDATE Joel Kraft moved to approve the Damlow Revolving Loan. Ruth Kimball seconded and the motion carried unanimously. 6. Update on 755 MILWAUKEE AVE SW After numerous addenda and negotiation the home was purchased for $62,500. 7. CONSIDERATION OF BUDGET FOR 318 ALAN STREET SW LaVonne Hansen moved to proceed with negotiating a purchase agreement for 318 Alan Street after 1116 Lewis Ave closes and requested that the Board be e- mailed to approve the purchase price prior October 19, 2010 Minutes Page 1 of 2 to entering into a purchase agreement for 318 Alan Street. Ruth Kimball seconded and the motion carried unanimously. 8. HHPOP UPDATE Joel Kraft moved to approve the Entry Cost Assistance loan up to $5,000 with exception to $1,000 homebuyer contribution requirement for Allison Duesterhoff, purchaser of 1116 Lewis Ave with updated closing date on or before October 29, 2010. LaVonne Hansen seconded and the motion carried unanimously. 9. OTHER - FYI a. Foreclosure Update 10. ADJOURNMENT There being no other business, Chairman Becky Felling declared the meeting adjourned. Recorded by Jean Ward, HRA Executive Director LaVonne Hansen, Secretary /Treasurer October 19, 2010 Minutes Page 2 of 2