10-20-2009 HRAAHutchinson Housing & Redevelopment Authority
Regular Board Meeting — October 20, 2009
Agenda
1. CALL TO ORDER — 7:00 a.m. - CITY CENTER MAIN CONFERENCE ROOM
2. CONSIDERATION OF MINUTES OF SEPTEMBER 15, 2009 HRA BOARD
MEETING
3. FINANCIAL REPORTS
a. City Center approval of City Center General Fund payments of $11,409.91 for
checks 7495 to 7504 and City Center September 30, 2009 Financial Statements.
b. Park Towers approval of Park Towers August 20009 Financial Statements and
Park Towers September payments of $138,539.47 for checks 10876 to 10915 and
Revised Check Register for August Payments of $39,755.54 instead of $49,755.54
to reflect voided check # 10865 of $10,000 payable to City of Hutchinson (should
have been payable to Hutchinson HRA -City Center office)
c. Local leverage Allocated by program
4. OTHER UPDATES PARK TOWERS PROJECT
a. ARRA funds - Parking Lot Project Update
b. Park Towers Vacancy status
c. Other projects FYI- boiler repairs estimate around $4800
d. Final HUD pro- ration of operating subsidy for 2009 budget is 88.42% or $182,462
5. CONSIDERATION OF RESOLUTION 09 -10 TO APPROVE SHORT SALE
LOAN FORGIVENESS POLICY
6. CONSDIERATION OF RESOLUTION 09 -11 TO WRITE OFF $2,000 ENTRY
COST ASSISTANCE LOAN FOR SHORT SALE SANDRA KARG
7. 2009/2010 SCHOOL CONSTRUCTION HOUSE UPDATE
8. Loan Administration
a. Consideration to Approve Krumwiede HHPOP Loan
b. Consideration of Subordination Request for Franklin Grove Loan 8680 -26
9. OTHER
a. Preliminary General Apartment Vacancy Rate October 2009 13.98% vs. 7.54%
in 2008
b. Foreclosure Sale Update
c. Website Analytics
d. Plans for Hospital Senior Campus
e. Section 3 Compliance now Required
10. ADJOURNMENT