10-14-2014 HRAM1j1RA
Hutchinson Housing &
Redevelopment Authority
Regular Board Meeting Tuesday, October 21, 2014, 7:00 AM
Minutes
CALL TO ORDER: Chairman LaVonne Hansen called the meeting to order. Members Present: Gary
Forcier, LouAnn Holmquist, Steve Jensen and Joel Kraft. Staff Present: Jean Ward and Judy
Flemming.
2. CONSIDERATION OF MINUTES OF THE REGULAR BOARD MEETING ON SEPTEMBER 16,
2014
Joel Kraft moved to approve the Minutes of the regular board meeting as written. Steve Jensen
seconded and the motion carried unanimously.
FINANCIAL REPORTS
a. Steve Jensen moved to approve the City Center General Fund payments of $25,375.80 for checks
8530 to 8549. LouAnn Holmquist seconded and the motion carried unanimously.
b. Steve Jensen moved to approve the City Center September 30, 2014 Financial Reports. LouAnn
Holmquist seconded and the motion carried unanimously.
c. Gary Forcier moved to approve the Park Towers operating account payments of $82,465.47 for
checks 12969 to 13008. LouAnn Holmquist seconded and the motion carried unanimously.
d. Joel Kraft moved to approve the August 2014 Park Towers financial statements. Steve Jensen
seconded and the motion carried unanimously.
4. PARK TOWERS UPDATE
a. Jean Ward reviewed with the Board the September 1, 2014 Occupancy summary report: current
100% occupancy, year to date 99%, the goal of for the whole year is 98%.
b. Jean Ward gave the board an update on the current beg bug treatment process.
c. Jean Ward reviewed with the Board the PORP application. Steve Jensen moved to approve
Resolution #2014-10 to Submit GO Bond application for Elevator project. Joel Kraft seconded and
the motion carried unanimously.
d. Jean Ward reviewed with the Board the PHAS high performer bonus for 2015 Capital Funds.
e. Jean Ward reviewed with the Board the 2014 Operating subsidy final pro -ration 88.79% or
130,658.80
f. FYI: Park Towers Liability Low Loss Ratio Award
g. FYI: City Council Approval of AT&T 1st Lease Amendment for Park Towers
5. SCHOOL CONSTRUCTION PROGRAM
a. 445 Adams Street — Judy Flemming reviewed the construction schedule with the Board.
b. Jean Ward reviewed with the Board the 907 Lewis Sale Price $154,900, Value Gap request
$11,984.01 (including $12,500 developer fee of $12,500 with $2500 to Hutchinson Public
Schools).
6. SCDP Program
a. Jean Ward reviewed with the Board the information about the new program. Steve Jensen moved
to approve Resolution #2014-11 Amending the City Revolving Owner Occupied Rehab Loan
Program Procedural Guide. LouAnn Holmquist seconded and the motion carried unanimously.
October 21, 2014 Minutes Page 1 of 2
b. Steve Jensen moved to approve CRPI Loan #1- McLain contingent to the Loan Committee's
approval. LouAnn Holmquist seconded and the motion carried unanimously.
c. Joel Kraft moved to approve the Rental Rehab Pre -application and referral to the October 28th City
Council meeting regarding preliminary application signature. LouAnn Holmquist seconded and the
motion carried unanimously.
7. COMMUNICATIONS
a. Jean Ward reviewed with the Board the Housing TIF memo for the Century Court expansion.
b. FYI: Housing statistics
c. FYI: Foreclosure sales
8. ADJOURNMENT
Joel Kraft moved to adjourn and Steve Jensen seconded. There being no other business, Chairman
LaVonne Hansen declared the meeting adjourned.
Recorded by Jean Ward, HRA Executive Director
Gary Forcier, Secretary/Treasurer
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