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Regular Bard Meeting Tuesday, August 18, 2015, 7:00 AM
Afinutes
1. CALL TO ORDER: Vice Chairman Joel Kraft called the meeting to order. Members Present: Gary
Fc}rcier, LouAnn flotrnquist, and Steve Jensen. Staff Present: lean Ward and Judy Flemming,
2. CONSIDERATION OF MINUTES OF rI HE REGULAR BOARD MEF"TINC3 ON JULY 21, 2015
Steve Jensen mowed to approve.the Minutes of the regular board meeting as written. LouAnn
Holmquist seconded and the motion carried unanimously.
3. FINANCIAL REPORTS
a. Steve Jensen moved to approve the City Center General Fund payments of$21,490.51 for checks
8674 to 8684. LouAnn H0lrnquist seconded and the motion carried unanimously.
b. Steve Jensen moved to approve the City Center July 31, 2015 Financial Reports. EottAnn
Holmquist seconded and the motion carried unanimously.
c. LouAnn I Iolrnquist moved to approve the Park Towers operating account payments of$31,490.81
for checks 13318 to 13349 and approval of Park Towers Security Account payments of$1058.97
for check 1523 to 1525. Steve Jensen seconded and the motion carried unanimously.
d. LouAnn Holmquist inuved to approve the June 2015 Park Towers financial statements. Steve
Jensen seconded and the motion carried unanimously.
4. PARR TOWERS UPDATE
a. Occupancy Report: 98%
b. LouAnn Holmquist moved to approve Resolution #2015-t0 to Officially Void Outstanding Check
912986. Steven Jensen seconded and the motion carried unanimously.
c. Jean Ward reviewed with the Board IIUD's final Affirmatively Furthering Fair Housing pule.
d. Jean Ward updated the Board on the bock project installation.
c. Jean Ward updated the Board on the Elevator project: the contract is signed; the "Notice to
Proceed" is issued; and the estimated start date is October 1 s`
5. DOWNTOWN RENTAL REHAB PROGRAM APPLICATION
.Judy Flemming updated the Board on the program implementation_
6. 445 ADAMS STREET
a. FYI Home Energy Rating Certification
b. FYI Showing Reports
7. CONSIDERATION O PROJECT DESCRIPTION USE OF AVAILABLE TIF FUNDS FROM
AUGUSTA HOUSING PROJECT
a_ Jean Ward reviewed with the Board the proposed project description use of available TIF funds and
the acquisition target areas. The Board liked the idea of using the TIF funds for owner occupied
programs.
b. Jean Ward reviewed with the Board the proposed Owner Occupied Programs.
August 18, 2015 Minutes Page I of 2
8. 2015 VACANCY RATE - 1.85% Market Rate General Occupancy compared to 1.89% in 2014
9. OTHER COMMUNICATIONS
a. Jean Ward told the Board that the new website is coming along nicely.
b. FYI Accessibility better
10. ADJOURNMENT
There being no other business, Vice Chairman Joel Kraft declared the meeting adjourned.
Recorded by .lean Ward, FIRA executive Director
1 �
Gary ForTier, Secretary/`I'reasurer
August 18, 2015 Minutes Page 2 ot'2