11-18-2008 HRAAHutchinson Housing & Redevelopment Authority
Regular Board Meeting - November 18, 2008
Agenda
1. CALL TO ORDER - 7:00 a.m. - CITY CENTER MAIN CONFERENCE ROOM
2. MINUTES OF HRA BOARD MEETING ON OCTOBER 21, 2008
3. FINANCIAL REPORTS
a. City Center
1. Approval of City Center October 2008 Financial Statements and Approval of
City Center General Fund payments $23,859.90 as of November 10, 2008 for
checks 7311 to 7327.
b. Park Towers
1. Approval of Park Towers September 2008 Financial Statements and Park
Towers payments of $166,308.51 for checks 10466 to 10498.
2. Approval to pay final Payment of caulking project $22,457.10
4. PARK TOWERS UPDATE
a. 2008 Consideration of 2008 Revised Budget Resolution #08 -18
b. Update on Ventilation System Project - approval to proceed with exhaust vent clean
for maximum proposal up to $5,750.
c. Update on Apartment Renovation Project
d. Low Loss Ratio Award for 2004 -2006 liability insurance policy years
5. LOAN ADMINISTRATION
a. Consideration of Resolution #08 -17 authorizing immediate payment for
HRA /HRA Administered Loans based on Loan Review Committee approval AND
authorizing payment within thirty days of all undisputed invoices upon Executive
Director review.
b. Loans to Approve:
- CFUF, Green Deferred Loan: Robert Kamrath CFUF - $3,021.25 & GD -
$972.36
c. Energy Audit vs. Energy Counseling for CFUF /Green Deferred Loan Program -
preliminary meetings
6. FRANKLIN GROVE EXPANDED REHAB PROJECT UPDATE
a. Consideration to Approve EFG Wehde Loan #8696 Contingent to Loan Review
Committee
b. Consideration to Approve EFG Bjorge Loan #8697 Contingent to Loan Review
Committee
d. Subordination Request for CR & EFG Schmeling Loan #8686
7. SCHOOL CONSTRUCTION UPDATE
a. 1863 Island View Circle SW
- Approval of Cabinet Bids
b. Results of meeting with School Officials on November 10, 2008.
c. Net Proceeds Statement /Lot Acquisition Costs Statement
8. OTHER
a. New HRA Website estimated to be up and running on December 1, 2008.
b. Progress on determining interest in rehab to choose a new SCDP rehab target area.
c. Apartment Vacancy Rate Data October 2008
d. Aging Status of Foreclosures on Market Report
e. Marketing Efforts Farm/City Days
9. Consideration of Dissolution of HHI- discussion of process and recommendations of
Marc Sebora, City Attorney
10. ADJOURNMENT