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02-18-2003 HRAMHutchinson Housing & Redevelopment Authority Regular Board Meeting — February 18, 2003 Minutes CALL TO ORDER: Chairman Joel Kraft called the meeting to order at the new time 7:30 a.m. Members Present: Duane Hoversten, and John Houle. Staff Present: Jean Ward, and Judy Flemming. 2. MINUTES OF HRA BOARD MEETING ON JANUARY 21, 2003 John Houle moved to approve. Duane Hoversten 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. PARK TOWERS UPDATE Duane Hoversten moved to approve the RESOLUTION 03 -02, Public Housing Assessment System (PHAS) Management Operation Certification. John Houle seconded and the motion carried unanimously. John Houle moved to approve the RESOLUTION 03 -03 — Calculation of 2003 Performance System Operating Subsidy. Duane Hoversten seconded and the motion carried unanimously. Jean Ward reviewed the FYE 2002 Adjustments to Calculation of Operating Subsidy and the Letter from HUD about the 2003 operating subsidies that will be funded at or near 90% of each housing authority's eligible operating subsidy. The estimate is 90% of $146,097 or $131,487. Jean Ward also updated the Board on the progress of the renovations at Park Towers. The renovations are scheduled to be finished the end of February. The contract stated the apartments were to be done the beginning of February, so the architect is calculating the liquidated damages for not meeting contract date. Apartments available in March will be marketed throughout the year and are estimated to be filled by the end of the year. 5. HUTCHINSON SCHOOL CONSTRUCTION PROGRAM UPDATE Judy Flemming updated the Board on the budget and the Board approved to include a $1200 appliance allowance in the budget. Jean Ward updated the Board on the lot on Harmony Lane. The asking price is $31,900. Jean proposed that the HRA offer $25,000 cash and the rest would be a donation (tax break). Duane Hoversten moved to make an offer of $25,000 on the Harmony Lane lot, contingent on the sale of the current school construction home. John Houle seconded and the motion carried unanimously. 6. FYI • Existing CASA funded by MHFA Application to MHFA CRV Program and GMHF BBN Program submitted. Notifications in April. Final draft of downtown master plan HRA Web Page information — HRA and the EDA will be listed under Community Development on City of Hutchinson's Web Page www.ci.hutchinson.mn.us 7. ADJOURNMENT There being no other business, Chairman Joel Kraft declared the meeting adjourned. Recorded by Jean Ward, HRA Executive Director John Houle, Secretary /Treasurer