02-21-2012 HRAMI ARA
Hutchinson Housing &
Redevelopment Authority
Regular Board Meeting Tuesday, February 21, 2012, 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 JANUARY 17, 2012
Bill Arndt moved to approve the Minutes of the regular board meeting as written. LouAnn Holmquist
seconded and the motion carried unanimously.
FINANCIAL REPORTS
a. Bill Arndt moved to approve the City Center General Fund payments of $28,519.40 for checks
8015 to 8028 and consideration of 201 IYear End City Center Financial Statements and January
31, 2012 month end City Center Financial Statements. Joel Kraft seconded and the motion carried
unanimously.
b. LouAnn Holmquist moved to approve the Park Towers payments of $50,994.91 for checks 11863
to 11897 and consideration of Park Towers 2011 Year End Financial Statements. LaVonne
Hansen seconded and the motion carried unanimously.
c. Joel Kraft moved to approve Resolution 42012 -2 to Write off Uncollectable Account. LouAnn
Holmquist seconded and the motion carried unanimously.
d. LaVonne Hansen moved to approve Resolution 42012 -3 Authorization of a Credit Card for
Administrative Use and Cancellation of a Park Towers Operating Account Debit Card. LouAnn
Holmquist seconded and the motion carried unanimously.
4. PARK TOWERS UPDATE
a. Occupancy Status — meeting the 98% goal.
b. Jean Ward updated the Board regarding requesting quotes and purchase of 56 Energy Star
refrigerators recommended by energy audit. Estimated around $600 per refrigerator for a total
expenditure up to $33,600.
c. Jean Ward informed the Board on the REAC Inspection scheduled for February 23, 2012. The
inspection will include all the commons area interior and exterior and about 20 apartments will be
inspected. The inspection usually takes about 3 -4 hours.
d. LouAnn Holmquist moved to put the 2012 Capital Fund into operations since the roof is still good,
and also to approve the 2012 Capital Fund ACC and Annual Statement. Joel Kraft seconded and
the motion carried unanimously.
5. SCDP PROJECT UPDATE
Jean Ward updated the Board on the revision of Short Application to address need (market to obtain
more applications and highlight high radon area) and impact (submit a smaller target area than the
whole City of Hutchinson).
6. UPDATE ON 400 LYNN ROAD
Communications - property listed for $134,900 based on a Home Market Analysis.
February 21, 2012 Minutes Page I of 2
7. 2011 HRA YEAR END REPORT
Jean Ward reviewed with the Board 2011 HRA Year End Report. She combined the Year End Report
with the Foreclosure Report. One new item in foreclosure is the National Bank Settlement, which
involving the nation's five largest national mortgage lenders: Bank of America, JP Morgan Chase,
Wells Fargo, Citibank, and GMAC /Ally Financial provides direct payment, refinancing benefits,
principal reductions and other relief. LaVonne Hansen moved to approve the 2011 HRA Year End
Report. Bill Arndt seconded and the motion carried unanimously.
CONSIDERATION OF A JOINTLY FUNDED HRA/CITY UPDATE OF THE MAXFIELD
HOUSING STUDY INCLUDING DEMOGRAPHIC BASED ON 2010 CENSUS NUMBERS.
LaVonne Hansen moved to approve jointly funding HRA /City update of the Maxfield Housing Study
including demographic based on 2010 Census numbers. LouAnn Holmquist seconded. Roll call vote
was taken: Arndt — nay; Hansen — aye; Holmquist — aye; Kraft — aye; Motion carried 3 to 1.
9. FIRST LOOK PROGRAM
Jean Ward updated the Board on 2 properties that are available from the First Look Program: 734
Southview Drive and 687 Juul Road. Bill Arndt moved to give Jean the authority to negotiate for 734
Southview Drive following the draft budget and to accept a donation for 687 Juul Road. Joel Kraft
seconded and the motion carried unanimously.
10. OTHER - FYI
a. Foreclosure Update
b. Jean will be working on the Park Towers budget, but still waiting on HUD to come out with their
budget.
11. ADJOURNMENT
Bill Arndt moved to adjourn. There being no other business, Chairman Becky Felling declared the
meeting adjourned.
Recorded by Jean Ward, HRA Executive Director
LaVonne Hansen, Secretary /Treasurer
February 21, 2012 Minutes Page 2 of 2