01-20-2015 HRAAfiiRAHutchinson HRA Regular Board Meeting
Hutchinson Housing & January 20, 2015
Redevelopment Authority Agenda
1. CALL TO ORDER — 7:00 a.m. - CITY CENTER MAIN CONFERENCE ROOM
2. CONSIDERATION OF MINUTES OF THE REGULAR BOARD MEETING ON DECEMBER 16,
2014
FINANCIAL REPORTS
a. Consideration of City Center General Fund payments of $40,559.42 for checks 8575 to 8588
b. Consideration of City Center December 31, 2014 Financial Reports
c. Consideration of approval of Park Towers operating account payments of $44,217.87 for checks
13 073 to 13116
d. Consideration of November 2014 Park Towers financial statements.
4. PARK TOWERS
a. Consideration of 2015 Improvement Schedule
b. Information re 2015 Operating Subsidy Formula $145,732 vs. 2015 Budget $120,666
5. REHAB/HOME IMPROVEMENT LOAN PROGRAMS
a. Consideration of Approving CRPI Loan #2 - Simonson and #3 - Hanson contingent to the Loan
Committee's approval. Committed Program Income to three owner occupied projects $27,215
out of $50,000 allocated.
b. Loan Subordination Request
6. POLICY UPDATES
a. Consideration of Resolution #2015-1 Adopting HRA Policy and Procedure on Data Protection,
Security and Access Requirements for Credit Reports
7. SCDP Rental Rehab Application
a. Memo from DEED regarding SCDP Rental Rehab Program Pre -Application -recommendation to
strengthen application by increasing leverage and interest. Proposed changes to SCDP Rental
Rehab Application: DEED proposed EDA MIF for project -$175,000 along with increase in interest
from 67 units to 80 units in target area. Timeline for application is: EDA Board approval for use of
MIF —January 28, 2015, Public hearing and City Council Resolution on February 10, 2015,
application submitted by Thursday, February 26, 2015.
8. COMMUNICATIONS
a. 2014 Hutchinson Foreclosure Sales
b. 2014 YE Real Estate data
9. ADJOURNMENT