03-20-2012 HRAMI ARA
Hutchinson Housing &
Redevelopment Authority
Regular Board Meeting Tuesday, March 20, 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 FEBRUARY 21, 2012
Bill Arndt moved to approve the Minutes of the regular board meeting as written. LaVonne Hansen
seconded and the motion carried unanimously.
3. FINANCIAL REPORTS
a. Joel Kraft moved to approve the City Center General Fund payments of $12,742.98 for checks
8029 to 8041 and consideration of February 29, 2012 City Center Financial Statements. LouAnn
Holmquist seconded and the motion carried unanimously.
b. Bill Arndt moved to approve the Park Towers payments of $42,032.49 for checks 11898 to 11931
and consideration of Park Towers January 2012 Financial Statements. Joel Kraft seconded and the
motion carried unanimously.
4. PARK TOWERS UPDATE
a. Jean Ward updated the Board regarding the February 23, 2012 HUD Physical Inspection. A score
of 99/100 results in a PHAS score of 40/40.
b. Occupancy Status — 97 %.
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. CFUF PROGRAM
Bill Arndt moved to approve the $250.00 rebate program for up to 10 CFUF Energy Loans to stimulate
use of the CFUF discount loan program for energy improvements (these rebates could be combined
with Hutchinson Utility rebates). LaVonne Hansen seconded and the motion carried unanimously.
7. UPDATE ON 400 LYNN ROAD
a. Jean Ward updated the Board on the construction schedule.
b. HERS Rating Information: so far the energy auditor is figuring that the home will score in the 50's.
8. REVIEW OF NEW CONSTRUCTION BUDGET FOR 587 FRANKLIN STREET
Joel Kraft moved to sell 587 Franklin Street SW vacant lot to Habitat for Humanity for $3,000.
LaVonne Hansen seconded and the motion carried unanimously.
9. FIRST LOOK PROGRAM
Joel Kraft moved to approve the Execution of the Purchase agreement for 734 Southview Drive SW for
$43,815. LouAnn Holmquist seconded and the motion carried unanimously.
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10. OTHER - FYI
a. The impact of foreclosures on re -sale prices.
b. Foreclosure Update
c. Issue Brief by PHADA for Interim PHAS Rule
11. ADJOURNMENT
Bill Arndt moved to adjourn and LaVonne Hansen seconded. There being no other business, Chairman
Becky Felling declared the meeting adjourned.
Recorded by Jean Ward, HRA Executive Director
LaVonne Hansen, Secretary /Treasurer
March 20, 2012 Minutes Page 2 of 2