05-15-2012 HRAMI ARA
Hutchinson Housing &
Redevelopment Authority
Regular Board Meeting Tuesday, May 15, 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 APRIL 17, 2012
LaVonne Hansen moved to approve the Minutes of the regular board meeting as written. LouAnn
Holmquist seconded and the motion carried unanimously.
3. FINANCIAL REPORTS
a. Bill Arndt moved to approve the City Center General Fund payments of $28,820.00 for checks
8054 to 8072 and consideration of April 2012 City Center Financial Statements. Joel Kraft
seconded and the motion carried unanimously.
b. Joel Kraft moved to approve the Park Towers payments of $23,983.38 for checks 11968 to 11997
and consideration of Park Towers March 2012 Financial Statements. LouAnn Holmquist seconded
and the motion carried unanimously.
4. HHPOP LOAN SUBORDINATION REQUEST
The loan review committee reviewed the subordination request and approved it. LouAnn Holmquist
moved to approve the subordination request for HHPOP 8822 -Lee, City Revolving loan and HRA
Entry Cost loan. Bill Arndt seconded and the motion carried unanimously. The mortgage company
contacted the HRA after the approval to say that the homeowners withdraw their refinance loan
application and the subordination will not be used.
PARK TOWERS UPDATE
a. Jean Ward updated the Board regarding the local HUD representatives visit scheduled for July 24th
b. Joel Kraft moved to approve the Depository Agreement for Park Towers' accounts with Mid
Country and First Minnesota. LouAnn Holmquist seconded and the motion carried unanimously.
c. Occupancy Status — currently there is 1 vacancy.
6. CONSIDERATION OF MEMORANDUM OF UNDERSTANDING WITH HUTCHINSON
INDEPENDENT SCHOOL DISTRICT FOR REHAB OF 734 SOUTHVIEW DRIVE SW
• LaVonne Hansen moved to approve the Memorandum of Understanding with Hutchinson
Independent School District for the rehab of 734 Southview Drive SW. LouAnn Holmquist
seconded and the motion carried unanimously.
• Bill Arndt asked the Board to think about considering donating HRA funds for a scholarship for
students that work on the School Construction homes. The Board decided to discuss this more
when reviewing the 2013 City Center Budget next month.
7. UPDATE ON 400 LYNN ROAD
a. Jean Ward presented to the Board the Purchase Agreement she received yesterday afternoon. Joel
Kraft moved to accept the Purchase Agreement for 400 Lynn Road SW. LouAnn Holmquist
seconded and the motion carried unanimously.
b. The Board read a letter from Daryl Lundin, school instructor, on the progress and construction
schedule for 400 Lynn Road.
May 15, 2012 Minutes Page 1 of 2
8. FIRST LOOK PROGRAM
a. Update on Purchase of 734 Southview Drive SW — estimated closing date scheduled for May 16,
2012.
9. 2013 CITY CENTER BUDGET DISCUSSION
The Board discussed their ideas on future HRA projects. The Board directed Jean when working on
the 2013 City Center budget to use $150,000 for the tax levy amount.
10. MAXFIELD STUDY PROPOSAL
LaVonne Hansen moved to approve having the Maxfield housing study done and to split the cost with
the City Planning Department. LouAnn Holmquist seconded and the motion carried unanimously.
11. OTHER
FYI: City of Hutchinson Updated Polices Relating to Boards /Commissions.
12. ADJOURNMENT
Bill Arndt moved to adjourn 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 15, 2012 Minutes Page 2 of 2