02-16-2010 HRAAHutchinson Housing & Redevelopment Authority
Regular Board Meeting — February 16, 2010
Agenda
1. CALL TO ORDER — 7:00 a.m. - CITY CENTER MAIN CONFERENCE ROOM
2. CONSIDERATION OF MINUTES OF JANUARY 19, 2010
3. FINANCIAL REPORTS
a. Consideration of City Center General Fund payments of $17,688.09 for checks 7542 to
7556 and City Center December 31, 2009 Financial Statements after Year End
Adjustments.
b. Consideration of approval of Park Towers payments of $39,987.79 for checks 11024 to
11056 and Park Towers December Financial Statements.
4. PARK TOWERS
a. Consideration of Resolution #10 -03 to execute contract with Reiner Contracting
Hutchinson MN.
b. Consideration of Resolution # 10 -04 to Approve submission of 2009 MASS
c. Consideration of Letter of Support for Operating Fund Change to Support Energy
Improvement in Public Housing
5. CONSIDERATION OF EXECUTION OF CONTRACT WITH MHFA FOR FUNDED
APPLICATION AS FOLLOWS: $30,600 for rehabbing 4 units using deferred loan
funding (Require soft second mortgages) for the NE Neighborhood as leverage to our
SCDP application for homeowners with 60% AMI unable to make a CFUF payment. The
deferred loan will be a 0% deferred loan with a 30 year term. The HRA also received
$17,000 in grant funding for an estimated 10 units for a home improvement loan via
CFUF write down to 4 %. The HRA also received $105,000 or $35,000 in value gap for
three units for Foreclosure activity(Acquisition/Rehab /Resale)
6. CONSIDERATION OF EXECUTION OF CONTRACT WITH GREATER MN
HOUSING FUND FOR OWNER OCCUPIED REHAB FUNDING IN THE AMOUNT
OF $50,000 FOR THE NE NEIGHBORHOOD OF HUTCHINSON AS A RESOURCE
FOR OWNER MATCHES.
7. CONSIDERATION OF APPROVAL TO APPLY FOR LEAD GRANT FUNDS FROM
MDH FOR THE NE NEIGHBORHOOD AS A RESOURCE FOR OWNER MATCHES.
8. CONSIDERATION OF RESOLUTION #10 -05 APPROVING AMENDMENT TO THE
HOUSING REHABILITATION REVOLVING LOAN FUND PROCEDURAL
GUIDELINES ALLOWING USE OF REVOLVING REHAB FUNDS FOR HRA
PURCHASE, ACQUISITION, REHAB OF SHERIFF AUCTION, REO, SHORT SALE,
VACANT, OR BLIGHTED SINGLE FAMILY HOMES.
9. CONSIDERATION OF APPROVAL TO SUBMIT AN APPLICATION TO
MINNESOTA HOUSING FINANCE AGENCY TO INCLUDE USE OF DISCOUNT
LOANS AS PART OF THE HUTCHINSON CFUF ENERGY INITIATIVE.
10. ENERGY REBATE PROGRAM UPDATE
11.2009/2010 SCHOOL CONSTRUCTION HOUSE UPDATE
12.OTHER
a. Hutchinson Workforce Housing CASA Initiative 2010 Award
b. 2010 Foreclosure Sale Report
c. February 1, 2010 Planning Staff Meeting Agenda
13 . ADJOURNMENT