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01-19-2016 HRAMHRA NUTCWN$ON HOUSING AND REOEVELOPMENT AUTHORITY Regular Board Meeting Tuesday, January 19, 2016, 7:00 AM Minutes 1. CALL TO ORDER: Vice Chairman Steve Jensen called the meeting to order. Members Present: Gary Forcier and LouAnn Holmquist. Staff Present: Jean Ward and Judy Flemming. Visitor: Pat Lembcke 2. CONSIDERATION OF MINUTES OF THE REGULAR BOARD MEETING ON DECEMBER 15, 2015 Gary Forcier moved to approve the Minutes of the regular board meeting as written. LouAnn Holmquist seconded and the motion carried unanimously. 3. FINANCIAL REPORTS a. (.Gary Forcier moved to approve the City Center General Fund payments of $11,245.50 for checks $718 to 8726. LouAnn Holmquist seconded and the motion carried unanimously. b. LouAnn Holmquist moved to approve the Park Towers operating account payments of $143,443.85 for checks 13476 to 13513 and approval of Park Towers Security Account payments of $876.93 for checks 1534 to 1535. Gary Forcier seconded and the motion carried unanimously. c. LouAnn Holmquist moved to approve the November 2015 Park Towers financial statements. Gary Forcier seconded and the motion carried unanimously. 4. CONSIDERATION OF RESOLUTION 2016-1 TO ADOPT 2016 CITY OF HUTCHINSON COMPENSATION PLAN Gary Forcier moved to approve Resolution #2016-1 to Adopt 2016 City of Hutchinson Compensation Plan. LouAnn Holmquist seconded and the motion carried unanimously. 5. PARK TOWERS UPDATE a. Occupancy Report: one vacant apartment at the beginning of the monthly but will be filled by the end of the month. b. Elevator Project -- Gary Forcier moved to approve Change order #1 and 201 6-2 Resolution to approve $6,437.81 additional operating funds for a total revised construction contract of $425,232.81 (Construction Sources as follows: PORP funds $234,000 CFP $90,525 Operating Reserves of $100,707.81). LouAnn Holmquist seconded and the motion carried unanimously. c. Gary Forcier moved to approve the revised Resident Handbook. LouAnn Holmquist seconded and the motion carried unanimously. d. FYI: Park Towers January 2015 Newsletter 6. CONSIDERATION OF BUDGET AND PURCHASE AGREEMENT FOR 445 ADAMS STREET Jean Ward reviewed with the Board the budget and purchase agreement for 445 Adams Street. Gary Forcier moved to approve the budget and accept the purchase agreement. LouAnn Holmquist seconded and the motion carried unanimously. 7. REVIEW OF DRAFT TIF HOUSING APPLICATION FORM Jean Ward revicwcd with the Board past housing TIF projects and the draft TIF Housing Application form. LouAnn Holmquist moved to approve the TIF Housing Application form. Gary Forcier seconded and the motion carried unanimously. 8. 2015 YEAR END RENTAL REHAB UPDATE Judy Flemming reviewed with the Board the 2015 Year End Rental Rehab Programs Update. January 19, 2016 Minutes Page 1 of 2 9. 2015 YEAR END OWNER OCCUPIED REHAB/HOME IMPROVEMENT LOAN PROJECTS Judy Flemming reviewed with the Board the 2015 Year End Owner Occupied Rehab/Home Improvement Loan Projects. 10. OTHER COMMUNICATIONS a. FYI: 2015 Year End Preliminary Numbers for foreclosures & resale values b. FYI: Steve Cook is looking into the feasibility of arts spaces and tiny homes in Hutchinson. 11. ADJOURNMENT LouAnn Holmquist moved to adjourn and Gary Forcier seconded. There being no other business, Vice Chairman Steve Jensen declared the meeting adjourned. Recorded by Jean Ward, HRA Executive Director Gary F January 19, 2016 Minutes Page 2 of 2