05-17-2011 HRAARAHutchinson HRA Regular Board Meeting
May 17, 2011
Hutchinson Housing &
Redevelopment Authority Agenda
1. CALL TO ORDER — 7:00 a.m. - CITY CENTER MAIN CONFERENCE ROOM
2. CONSIDERATION OF MINUTES OF THE REGULAR BOARD MEETING ON
APRIL 19, 2011
3. FINANCIAL REPORTS
a. Consideration of City Center General Fund payments of $21,434.45 for checks 7835 to
7852 and consideration of City Center April 2011 City Center Financial Statements.
b. Consideration of approval of Park Towers payments of $32,379.71 for checks 11548 to
11579 and consideration of Park Towers March 2011 Year End Financial Statements.
4. PARK TOWERS
a. REAC Inspection results from 4/15/2011, Park Towers Occupancy Report and Interim
PHAS Rule
b. 2011 Projected Capital funds- estimate 18% cut from 2010 or approximately $95,000
c. 2011 Projected Operating Subsidy- estimate 95.7% pro - ration or approximately
$118,000 compared to 2010
d. Review of Capital Fund Program Work Statements
e. Issue Brief regarding HUD 2012 Budget proposal to recapture Housing Authority
Reserve Funds and use of Operating Subsidy for Capital Improvements: Small PHAs
5. SCDP PROJECT NE NEIBORHOOD UPDATE
6. UPDATE ON 400 LYNN ROAD
7. CONSIDERATION OF SALE OF 925 STEVENS STREET FOR FULL LIST PRICE OF
$114,900 WITH CLOSING DATE ON OR BEFORE JUNE 15, 2011
8. CONSIDERATION TO PURCHASE OF A FIRST LOOK HOME FOR THE 2011/2012
SCHOOL CONSTRUCTION PROGRAM, 630 PARK ISLAND
9. OTHER
a. 2011 Foreclosure Update
b. Planning agenda
c. StarTribune housing article
10. ADJOURNMENT