10-21-2008 HRAMHutchinson Housing & Redevelopment Authority
Regular Board Meeting Tuesday, October 21, 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 SEPTEMBER 16, 2008
Chairman Casey Stotts asked if there were any corrections or additions to the September 16, 2008
Minutes. There were none, so the September 16, 2008 Minutes were approved as written.
3. FINANCIAL REPORTS
a. Joel Kraft moved to approve the City Center Financial Reports. Ruth Kimball seconded and the motion
carried unanimously.
b. Joel Kraft moved to approve to pay off MHFA interim construction loan plus interest upon sale of
school construction house October 24, 2008. (Total payoff of $98,933.03 Interim loan $96,735 with
interest at 2% of $2,198.03). LaVonne Hansen seconded and the motion carried unanimously.
c. Ruth Kimball moved to pay Herald Journal Publishing $433.46 for Marketing Signs. Joel Kraft
seconded and the motion carried unanimously.
d. LaVonne Hansen moved to approve Park Towers Financial Reports. Ruth Kimball seconded and the
motion carried unanimously.
e. Becky Felling moved to pay interim pay request of $49,902 for caulking project upon completion of
initial contract work. (Does not include change order amount). Ruth Kimball seconded and the motion
carried unanimously.
4. PARK TOWERS
a. Jean Ward updated the Board on the apartment renovation project schedule.
b. Jean Ward updated the Board on the caulking project. The change order amount is $19,962.
c. Jean Ward updated the Board on the occupancy status — 5 apartments currently vacant for renovation,
1 vacant due to eviction, and 1 vacant due to turnover.
d. Jean Ward updated the Board on the 2008 Final Operating Subsidy amount of $163,962 based on
88.96% proration. 2008 budget amount of $160,000.
e. Jean Ward updated the Board on a future need. Stucco replacement needed between 5th & 6th floors
and 6th & 7th floors at front entrance.
5. HOME IMPROVEMENT LOANS
a. Becky Felling moved to approve Home Improvement Resolution 408 -16. LaVonne Hansen seconded
and the motion carried unanimously.
6. SCHOOL CONSTRUCTION UPDATE
a. Joel Kraft moved to approve Resolution 408 -15 to approve sale of house at 1170 Prairie View Drive
SW and give authorization to execute closing documents. The closing is October 24, 2008. Ruth
Kimball seconded and the motion carried unanimously.
b. LaVonne Hansen moved to remove the appliance allowance from the purchase agreement due to
CASA loan requirements and approval to revise listing agreement for Diane Sorensen. Ruth Kimball
seconded and the motion carried unanimously.
c. Judy Flemming updated the Board on the construction of 1863 Island View Circle SW.
d. Jean Ward discussed with the Board the correspondence with the School Officials regarding the
Memorandum of Understanding for building a house in the 2009 -2010 school year. The Board agreed
that they would like to take a year off from building to see if the housing market will come around.
October 21, 2008 Minutes Page 1 of 2
7. HHPOP
LaVonne Hansen moved to approve CASA Workforce Loans: City Revolving Loan & HRA Entry Cost
Loan CW49NC /E for Amber Wagner to Purchase 1170 Prairie View Dr. School Construction House.
Becky Felling seconded and the motion carried unanimously.
8. FRANKLIN GROVE EXPANDED REHAB PROJECT UPDATE
Joel Kraft moved to approve EFG Schumaci Loan 48694 and EFG Solis Loan 48695 contingent to loan
review committee approval and to approve the subordination request for CR & EFG Schmeling Loan
48686. Ruth Kimball seconded and the motion carried unanimously.
9. OTHER
a. Jean Ward presented to the Board Foreclosure Update Report for Hutchinson as of 9 -30 -2008.
b. Jean Ward updated the Board on the October 17` meeting at MHFA on Neighborhood Stabilization
Program for foreclosed homes.
c. The Board reviewed the different Logo designs. They selected 41. R
Hutchinson Housing 8.....
10. ADJOURNMENT Redevelopment Authority
There being no other business, Chairman Casey Stotts declared the meeting adjourned.
Recorded by Jean Ward, HRA Executive Director
Becky Felling, Secretary /Treasurer
October 21, 2008 Minutes Page 2 of 2