05-19-2015 HRAM1j1RA
Hutchinson Housing &
Redevelopment Authority
Regular Board Meeting Tuesday, May 19, 2015, 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 APRIL 21, 2015
Joel Kraft moved to approve the Minutes of the regular board meeting as written. Gary Forcier
seconded and the motion carried unanimously.
3. FINANCIAL REPORTS
a. Gary Forcier moved to approve the City Center General Fund payments of $3,575.44, for checks
8626 to 8633. LouAnn Holmquist seconded and the motion carried unanimously.
b. Steve Jensen moved to approve the City Center April 30, 2015 Financial Reports. Joel Kraft
seconded and the motion carried unanimously.
c. LouAnn Holmquist moved to approve the Park Towers operating account payments of $56,759.17
for checks 13219 to 13252. Steve Jensen seconded and the motion carried unanimously.
d. Joel Kraft moved to approve the March 2015 Park Towers financial statements. LouAnn Holmquist
seconded and the motion carried unanimously.
e. Jean Ward reviewed the City Center 2016 Draft Budget with Board.
4. PARK TOWERS UPDATE
a. Occupancy Report: 100%
b. Jean Ward update the Board on Park Towers 2015 Improvements/Repairs Plan — Elevator Bids due
May 28, 2015, Contracts Awarded for Lock Replacement Project for cost of new locks and
installation for a total of $48,001.47 and carpet replacement in management office for $3,150.00.
UPDATE ON CONSTRUCTION SCHEDULE/SHOWINGS AT 445 ADAMS STREET SE
a. Jean Ward & Judy Flemming reviewed the project budget and construction schedule with the
Board.
b. FYI: one showing so far.
c. Joel Kraft moved to authorize Jean Ward to accept and sign a purchase agreement for 445 Adams
Street that is within Cheryl Dooley's broker price opinion range or above. Steve Jensen seconded
and the motion carried unanimously.
6. 7:30 A.M. TELEPHONE CONFERENCE CALL FOR 2014 HRA AUDIT OF FINANCIAL
STATEMENTS TO MARK BABCOCK, BABCOCK LANGBEIN CPA. Gary Forcier moved to
approve the 2014 HRA Audit of Financial Statements. Joel Kraft seconded and the motion carried
unanimously.
7. DEED AWARD OF $364,359 FOR DOWNTOWN RENTAL REHAB PROGRAM APPLICATION
Jean Ward reviewed the City of Hutchinson Downtown Rent Rehab Program with the Board.
8. COMMUNICATIONS
FYI: Century Court Apartments
May 19, 2015 Minutes Page 1 of 2
9. ADJOURNMENT
LouAnn Holmquist moved to adorn 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
May 19, 2015 Minutes Page 2 of 2