04-15-2008 HRAMHutchinson Housing & Redevelopment Authority
Regular Board Meeting Tuesday, April 15, 2008, 7:00 AM
Minutes
CALL TO ORDER: Chairman Casey Stotts called the meeting to order. Members Present: Becky
Felling, LaVonne Hansen, Joel Kraft and Ruth Kimball. Staff Present: Jean Ward and Judy Flemming.
2. MINUTES OF THE HRA BOARD MEETING ON MARCH 18, 2008
Chairman Casey Stotts asked if there were any corrections or additions to the March 18, 2008 Minutes.
There were none, so the March 18, 2008 Minutes were approved as written.
3. FINANCIAL REPORTS
Becky Felling moved to approve the Financials Reports. Joel Kraft seconded and the motion carried
unanimously.
4. PARK TOWERS
a. Jean Ward reviewed with the Board the Tabulation/Recommendation of Bid Award for the Park
Towers Renovation Project. Joel Kraft moved to award the contract to KUE Contractors. Ruth
Kimball seconded and the motion carried unanimously.
b. LaVonne Hansen moved to execute the consulting agreement/contract with Center for Energy &
Environment for the commission to update the ventilation system at Park Towers.
c. Jean Ward updated the Board on a potential insurance claim.
5. SCHOOL CONSTRUCTION UPDATE
Jean Ward reviewed with the Board the letter from Ron Johnson re next year's school construction
project. Joel Kraft moved to allow Jean Ward to negotiate the different scenarios with the school.
LaVonne Hansen seconded and the motion carried unanimously.
6. FRANKLIN GROVE EXPANDED REHAB PROJECT UPDATE
LaVonne Hansen moved to approve the EFG Humphrey Loan 48692 contingent to the Loan Review
Committee's approval. Ruth Kimball seconded and the motion carried unanimously.
7. TARGET AREA FOR NEW SCDP APPLICATION
Jean Ward and Judy Flemming reviewed with the Board the proposed target area for a new SCDP
application.
8. REVIEW UNDERWRITING STANDARDS CREDIT SCORE REQUIREMENTS.
Joel Kraft moved to approve the revised FUF /CFUF underwriting standards. Becky Felling seconded
and the motion carried unanimously.
9. COMMUNICATIONS
a. Upcoming Meetings:
— SCDP Workshop, Mankato
— League of MN Cities /GMHF on Foreclosures
April 15, 2008 Minutes Page I of 2
10. SCHOOL CONSTRUCTION UPDATE CONTINUED
a. Diane Sorensen updated the Board on 1170 Prairie View Drive SW and the housing market in
general. She is going to have an open house April 271h or May 41h
b. LaVonne Hansen moved to lower the asking price of the school construction house to $163,900.
Joel Kraft seconded and the motion carried unanimously.
11. ADJOURNMENT
There being no other business, Chairman Casey Stotts declared the meeting adjourned.
Recorded by Jean Ward, HRA Executive Director
Becky Felling, Secretary /Treasurer
April 15, 2008 Minutes Page 2 of 2