05-20-2003 HRAAHutchinson Housing & Redevelopment Authority
Regular Board Meeting — May 20, 2003
Agenda
1. CALL TO ORDER — 7:30 a.m. - CITY CENTER MAIN CONFERENCE ROOM
2. MINUTES OF HRA BOARD MEETING ON APRIL 15, 2003 & MINUTES OF SPECIAL
HRA BOARD MEETING ON MAY 1, 2003
3. FINANCIAL REPORTS
3a. City Center
3b. Park Towers
4. PARK TOWERS UPDATE
4a. Capital Fund Program Update — Completion of Apartment Renovation Project
4b. Consideration of Final Change Order
4c. Proposed PHAS Rule Draft Comment Letter
5. SUBORDINATION POLICIES & LOAN REVIEW COMMITTEE RESOLUTION
5a. Consideration of Subordination Policies for Rehab Loans
5b. Consideration of Subordination Policies for New Construction Equity Gap Loans
5c. Consideration of Resolution for Loan Review Committee to Review and Make
Recommendations
6. CONSIDERATION OF FRANKLIN -GROVE NEIGHBORHOOD SCDP LOAN #8680 -02
7. CONSIDERATION OF RECOMMENDATION FOR CITY COUNCIL APPROVAL OF
REVISED HOUSING REHABILITATION REVOLVING LOAN FUND PROCEDURAL
GUIDELINES
CONSIDERATION OF HRA FEE SCHEDULE
9. CONSIDERATION OF APPROVAL TO EXECUTE 2003 MHFA HOME RENTAL
REHAB AGREEMENT
10. HUTCHINSON 2003/2004 SCHOOL CONSTRUCTION PROGRAM UPDATE
10a. Consideration of Plan for School Construction Program
I0b. Consideration of New Purchase Agreement for full Sale Price —Closing June 20, 2003
Notice of Removal of Contingency for First Purchase Agreement
11. CONSIDERATION OF DRAFT AUDIT
12. UPDATE ON ROLLING MEADOWS EAST — Question regarding City Bonding
13. CONSIDERATION OF CHANGE OF DATE FOR THE JUNE BOARD MEETING —
Thursday, June 19, 2003
14. FYI
13a. New Rates on MHFA First Time Homebuyers Funds
15. ADJOURNMENT