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01-18-2011 HRAMI ARA Hutchinson Housing & Redevelopment Authority Regular Board Meeting Tuesday, January 18, 20117:00 AM Minutes CALL TO ORDER: Chairman Becky Felling called the meeting to order. Members Present: LaVonne Hansen, LouAnn Holmquist and Joel Kraft. Staff Present: Jean Ward and Judy Flemming. 2. CONSIDERATION OF MINUTES OF THE REGULAR BOARD MEETING ON DECEMBER 22, 2010 LaVonne Hansen moved to approve the Minutes of the regular board meeting as written. Joel Kraft seconded and the motion carried unanimously. 3. FINANCIAL REPORTS Joel Kraft moved to approve the City Center General Fund payments of $15,773.88 for checks 7763 to 7774 and the City Center December 2010 Financial Statements prior to 2010 yearend adjustments. LaVonne Hansen seconded and the motion carried unanimously. LaVonne Hansen moved to approve the Park Towers payments of $23,924.66 for checks 11400 to 11431 and Park Towers November 2010 Financial Statements. LouAnn Holmquist seconded and the motion carried unanimously. 4. CONSIDERATION OF RESOLUTION 411 -1 TO APPROVE MILEAGE REIMBURSEMENT BASED ON IRS PUBLISHED BUSINESS REIMBURSEMENT RATES Joel Kraft moved to approve Resolution 4 11 -1 to approve the mileage reimbursement based on IRS published business reimbursement rates. LaVonne Hansen seconded and the motion carried unanimously. 5. CONSIDERATION OF RESOLUTION 411 -2 ADOPTING 2011 CITY OF HUTCHINSON COMPENSATION PLAN Joel Kraft moved to approve Resolution 411 -2 adopting the 2011 City of Hutchinson compensation plan. LaVonne Hansen seconded and the motion carried unanimously. 6. CONSIDERATION OF APPROVAL OF ALLOCATION OF $30,000 ENTRY COST ASSISTANCE ALLOCATION FOR 2011 AND SUBMISSION OF 2011 CASA APPLICATION TO MHFA Joel Kraft moved to approve the allocation of $30,000 entry cost assistance allocation for 2011 and to submit the 2011 CASA application to MHFA. LaVonne Hansen seconded and the motion carried unanimously. 7. PARK TOWERS UPDATES LaVonne Hansen moved to approve the Housing with Services updated Lease Addendum to correspond with 2010 Housing with Services Legislation. LouAnn Holmquist seconded and the motion carried unanimously. 8. 755 MILWAUKEE AVE UPDATE Jean Ward gave the Board a rehab progress report and suggested that the Board take a tour of the home next month. January 18, 2011 Minutes Page I of 2 9. CONSIDERATION OF APPROVAL OF EXECUTION OF DISBURSEMENT AGREEMENT WITH GREATER MN HOUSING FUND IN THE AMOUNT OF $118,750.00 FOR PURCHASE AND REHAB OF 925 STEVENS ST SW WITH PROJECTED CLOSING ON OR BEFORE JANUARY 20, 2011 Joel Kraft moved to approve the execution of the disbursement agreement with Greater MN Housing Fund in the amount of $118,750 for purchase and rehab of 925 Steven St SW with a projected closing date on or before January 20, 2011. Lou Ann Holmquist seconded and the motion carried unanimously. 10. OTHER - FYI: a. Foreclosure Update b. FYI - Mortgage Safe Act Licensing Exemption filed with the Nationwide Mortgage Licensing System (NMLS) c. Postcard sent to NE Neighborhood residents d. 2011 Federal Tax Credits for Consumer Energy Efficiency e. Hutchinson HRA Board of Commissioners and Staff informational sheet 11. ADJOURNMENT LaVonne Hansen move for adjournment. There being no other business, Chairman Becky Felling declared the meeting adjourned. Recorded by Jean Ward, HRA Executive Director LaVonne Hansen, Secretary /Treasurer January 18, 2011 Minutes Page 2 of 2