01-21-2003 HRAMHutchinson Housing & Redevelopment Authority
Regular Board Meeting — January 21" 2003
Minutes
CALL TO ORDER: Vice Chairperson, Thor Skeie called the meeting to order. Members
Present: Ian McDonald, Duane Hoversten, and John Houle. Staff Present: Jean Ward, and
Judy Flemming. Chairman Joel Kraft arrived after the meeting was called to order.
2. MINUTES OF HRA BOARD MEETING ON DECEMBER 17, 2002
John Houle moved to approve. Ian McDonald seconded and the motion carried unanimously.
3. FINANCIAL REPORTS
Duane Hoversten moved to approve the financials. John Houle seconded and the motion
carried unanimously.
4. ROLLING MEADOWS EXTENSION UPDATE
Bruce Naustdal & Diane Sorensen presented the Site Plan to the Board. Bruce hopes to start
grading the development in the Spring and start building the fist phase of homes in the
Summer. The Board asked Bruce and Diane if they liked the alleys incorporated in the site
plan. They responded by saying they felt that the homes located on the alleys would be the
last to be sold; however with the financing packages available that they will sell the homes.
Jean Ward presented the Project Budget to the board. The GMHF application will be
requesting over a million dollars for this extension, including construction financing, interim
gap financing & homebuyer affordability gap financing. If the actual costs are greater than
the budget projections, GMHF said that a waiver would need to be requested for the land
costs.
Ian McDonald asked if the paperwork for the homebuyer financing would be streamlined.
Jean and Judy assured him that only the necessary paperwork for the specific financing
program(s) will be required and will be streamlined as much as possible.
Ian McDonald moved to approve the submission of the GMHF application for the Rolling
Meadows Extension. Thor Skeie seconded and the motion carried unanimously.
5. PARK TOWERS UPDATE
Thor Skeie moved to approve the RESOLUTION 03 -01, Park Towers 2003 Budget Revision.
Duane Hoversten seconded and the motion carried unanimously.
Jean Ward updated the Board on the progress of the renovations at Park Towers. The
contractors are starting the third phase. The renovations are scheduled be finished in
February.
6. WILLOW RUN UPDATE
Duane Hoversten moved to execute the new contract for the Willow Run HOME Rental
Rehab project. John Houle seconded and the motion carried unanimously.
7. HUTCHINSON SCHOOL CONSTRUCTION PROGRAM UPDATE
John Houle moved to list the Hutchinson School Construction Program home with Diane
Sorensen, Hometown Realty. Thor Skeie seconded and the motion carried unanimously.
RESOLUTION #03 -02
Thor Skeie moved to approve Resolution 03 -02 authorizing mileage reimbursement. John
Houle seconded and the motion carried unanimously.
9. REVISED CITY CENTER 2003 BUDGET
Duane Hoversten moved to approve the Revised City Center 2003 Budget. Thor Skeie
seconded and the motion carried unanimously.
10. FYI
• Approval notice from DTED for final closeout of 1999 SCDP Equity Gap Loan
Program
• Jean Ward updated the Board on a lot for school program. The lot is located on Harmony
Lane and is owned by Evenson Portrait. Ian McDonald also suggested some lots located
near the industrial park, next to the Morningside development. He said that the HRA
might be able to buy the lots affordably.
11. ADJOURNMENT
There being no other business, Chairman Joel Kraft declared the meeting adjourned.
Recorded by Jean Ward, HRA Executive Director
John Houle, Secretary /Treasurer