05-17-2011 HRAMI ARA
Hutchinson Housing &
Redevelopment Authority
Regular Board Meeting Tuesday, May 17, 2011, 7:00 AM
Minutes
CALL TO ORDER: Chairman Becky Felling called the meeting to order. Members Present: Bill
Arndt, LaVonne Hansen, LouAnn Holmquist and Joel Kraft. Staff Present: Jean Ward and Judy
Flemming.
2. CONSIDERATION OF MINUTES OF THE REGULAR BOARD MEETING ON APRIL 19, 2011
Joel Kraft moved to approve the Minutes of the regular board meeting as written. LouAnn Holmquist
seconded and the motion carried unanimously.
3. FINANCIAL REPORTS
LaVonne Hansen moved to approve the City Center General Fund payments for checks 7835 to
7852 for $21,434.45 and consideration of City Center April 2011 City Center Financial
Statements. LouAnn Holmquist seconded and the motion carried unanimously.
Bill Arndt moved to approve the Park Towers payments of $32,379.71 for checks 11548 to 11579
and consideration of Park Towers March 2011 Year End Financial Statements. LouAnn
Holmquist seconded and the motion carried unanimously.
4. PARK TOWERS UPDATE
Jean Ward reviewed with the Board the following items:
a. REAC Inspection results from 4/15/2011, Park Towers Occupancy Report, which is currently at
98% and the Interim PHAS Rule.
b. 2011 Projected Capital funds - estimate 18% cut from 2010 or approximately $95,000. The 2011
Capital funds will be used to pay back the reserves used for the apartment renovation project.
c. 2011 Projected Operating Subsidy- estimate 95.7% pro- ration or approximately $118,000
compared to 2010
d. Review of Capital Fund Program Work Statements. Future items that will need to be addressed
are the roof and windows.
e. Issue Brief regarding HUD 2012 Budget proposal to recapture Housing Authority Reserve Funds
and use of Operating Subsidy for Capital Improvements: Small PHAS. The Board discussed the
negative impact this proposal will have on Park Towers and decided to send letters to our
representatives asking them not to support the proposal to recapture Housing Authority Reserve
funds.
Bill Arndt moved to approved items 4a — 4e. LaVonne Hansen seconded and the motion carried
unanimously.
5. SCDP PROJECT NE NEIGHBORHOOD UPDATE
Judy Flemming updated the Board on the progress of receiving application for SCDP project now that
it is opened city wide. Three homeowners submitted applications, but none of the homeowners are
city cited nuisance houses. We still need more applicants.
May 17, 2011 Minutes Page 1 of 2
6. UPDATE ON 400 LYNN ROAD
Jean Ward updated the Board on what was happening at 400 Lynn Road. The price of $7,000 is
agreed upon but, City Attorney, Marc Sebora is still working on the contract language with
Stonecrest.
Chairman Becky Felling will be out of town for a couple weeks. LaVonne Hansen moved to have the
Vice Chairman, Joel Kraft, sign all contract documents while Chairman Becky Felling is out of town.
LouAnn Holmquist seconded and the motion carried unanimously.
7. CONSIDERATION OF SALE OF 925 STEVEN STREET FOR FULL LIST PRICE OF $114,900
WITH CLOSING DATE ON OR BEFORE JUNE 15, 2011
Bill Arndt moved to approve the sale of 925 Steven Street for full list price of $114,900 with closing
on or before June 15, 2011. LouAnn Holmquist seconded and the motion carried unanimously.
CONSIDERATION TO PURCHASE OF A FIRST LOOK HOME FOR THE 2011/2012 SCHOOL
CONSTRUCTION PROGRAM, 630 PARK ISLAND
Jean Ward presented to the Board the First Look home that would be for the 2011/2012 School
Construction Program. After reviewing the draft budget, it is felt that the only risk with purchasing
this home is if the home prices in Hutchinson drop substantially. Joel Kraft moved to approve
purchasing the home at 630 Park Island after making sure that there are not back taxes. Bill Arndt
seconded and the motion carried unanimously.
9. OTHER - FYI
a. 2011 Foreclosure Update
b. Planning agenda
c. StarTribune housing article
d. Jean will be working on the HRA's Retention Plan and the Disaster Plan.
10. ADJOURNMENT
Bill Arndt moved for adjournment and LouAnn Holmquist seconded. There being no other business,
Chairman Becky Felling declared the meeting adjourned.
Recorded by Jean Ward, HRA Executive Director
LaVonne Hansen, Secretary /Treasurer
May 17, 2011 Minutes Page 2 of 2