10-18-2011 HRAARAHutchinson HRA Regular Board Meeting
Hutchinson Housing & October 18, 2011
Redevelopment Authority Agenda
1. CALL TO ORDER —2:00 a.m. - CITY CENTER MAIN CONFERENCE ROOM
2. CONSIDERATION OF MINUTES OF THE REGULAR BOARD MEETING ON
SEPTEMBER 20, 2011
3. FINANCIAL REPORTS
a. Consideration of City Center General Fund payments of $60,332.23 for checks 7956 to 7975.
b. Consideration of approval of Park Towers payments of $31,569.78 for checks 11717 to
11744 and consideration of Park Towers August 2011 Year End Financial Statements.
4. PARK TOWERS
a. Consideration of 2012 Flat Rent for Park Towers
b. Occupancy Summary Report
c. Operating Subsidy Update 2011 100% pro - ration authorized for $140,776. 2012 operating
subsidy submitted $168,373
5. CONSIDERATION OF RESOLUTION 9 11 -14 APPROVING SHORT FORM SCDP
APPLICATION AND ALLOCATION OF $30,000 FROM CITY OF HUTCHINSON NEW
CONSTRUCTION REVOLVING LOAN FUND TO CITY OF HUTCHINSON REHAB
REVOLVING LOAN FUND AS LEVERAGE FOR SHORT APPLICATION WITH
RECOMMENDATION FOR APPROVAL FROM CITY COUNCIL.
6. CONSIDERATION OF RESOLUTION 9 11 -15 APPROVING THE UNDERWRITING
STANDARDS AMENDMENTS FOR CITY OF HUTCHINSON REVOLVING REHAB
LOAN PROGRAM
7. UPDATE ON SCDP REHAB PROJECT
a. Consideration to approve SCDP Loan 98683 -21 Opatz and SCDP Loan 98683 -22 Konerza
contingent to Loan Review Committee's approval.
b. Consideration of subordination request for EFG SCDP Rehab Loan 8694 Schumaci
8. UPDATE ON 400 LYNN ROAD
9. DONATION OF BARE LOT 587 FRANKLIN STREET UPDATE
10. CONSIDERATION OF PROCEDURE FOR HRA RESIDENTIAL DEMOLITION
11. OTHER
a. 2011 Third Quarter Foreclosure Update
b. Correspondence
12. ADJOURNMENT