03-21-2006 HRAMHutchinson Housing & Redevelopment Authority
Regular Board Meeting Tuesday, March 21, 2006, 7:30 AM
Minutes
CALL TO ORDER: Chairman Casey Stotts called the meeting to order. Members Present: Becky
Felling, Joel Kraft and Thor Skeie. Staff Present: Jean Ward, and Judy Flemming.
2. MINUTES OF THE HRA BOARD MEETING ON FEBRUARY 21, 2006
Thor Skeie moved to approve the Minutes as written. Joel Kraft seconded and the motion carried
unanimously.
3. FINANCIAL REPORTS
Joel Kraft moved to approve the City Center and the Park Towers Financials. Thor Skeie seconded and
the motion carried unanimously.
4. PARK TOWERS
Jean Ward updated the Board on the renovation of apartment #211, which will be done in March 31St
Final project contract is $415,347. Jean reviewed with the Board the new operating subsidy and capital
fund estimates for Park Towers. Joel Kraft moved to approve Resolution #06 -4, for Disposition of
Wall unit Air Conditioner. Becky Felling seconded and the motion carried unanimously.
5. HHPOP
Jean Ward reviewed with the different City fund balances. Becky Felling moved to recommend to the
City Council to allocate the affordable housing fees to the HRA Entry Cost Assistance Program. Joel
Kraft seconded and the motion carried unanimously. Jean said that once the City Council approved the
allocation then maybe we could consider increasing the maximum loan amount to $6,500.
Jean presented to the Board a CASA Lender application from Mid Country Bank. Becky Felling
moved to approve Mid Country Bank as a CASA lender. Thor Skeie seconded and the motion carried
unanimously.
Joel Kraft moved to approve HHPOP Loan #8817 that was not complete yet but would be closing
before the next Board Meeting, contingent to the loan review committee's approval. Becky Felling
seconded and the motion carried unanimously.
6. SCHOOL CONSTRUCTION PROGRAM
a. Jean Ward told the Board the house is now listed with Hometown Realty for $161,000.
7. FYI
a. Jean will be emailing the Park Towers ACOP within a couple of weeks for the Board to review.
b. MN Nahro 2006 Legislative Agenda
8. ADJOURNMENT
Joel Kraft moved to adjourn. Becky Felling seconded and the motion carried unanimously. There being
no other business, Chairman Casey Stotts declared the meeting adjourned.
Recorded by Jean Ward, HRA Executive Director
Becky Felling, Secretary /Treasurer
March 21, 2006 Minutes Page 1 of 2