11-17-2015 HRAM'Mwo�
HRA
HUTCHINSON HOUSING AND
REDEVELOPMENT AUTHORITY
Regular Board Meeting Tuesday, November 17, 2015, 7:00 AM
Minutes
1. CALL TO ORDER: Chairman LaVonne Hansen called the meeting to order. Members Present: Gary
Fortier, LouAnn Holmquist and Steve Jensen. Staff Present: Jean Ward and Judy Flemming.
2. CONSIDERATION OF MINUTES OF THE REGULAR BOARD MEETING ON OCTOBER 20, 2015
Gary Forcier moved 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 $47,109.49 for checks
8703 to 8712. LouAnn Holmquist seconded and the motion carried unanimously.
b. LouAnn Holmquist moved to approve the City Center October 31, 2015 Financial Reports. Steve
Jensen seconded and the motion carried unanimously.
c. Steve Jensen moved to approve the Park Towers; operating account payments of $45,182.14 for
checks 13410 to 13440 and approval of Park Towers Security Account payments of $1702.19 for
checks 1528 to 1531. LouAnn Holmquist seconded and the motion carried unanimously.
d. Steve Jensen moved to approve the September 2015 Park Towers financial statements. LouAnn
Holmquist seconded and the motion carried unanimously.
4. PARK TOWERS UPDATE
a_ Occupancy Report: Currently full.
b. Jean Ward gave the Board an update on the Elevator Project that started November 2, 2015.
c. Fire Alarm Panel Replacement:
• Friday, November 13th, a toilet overflowed and ruined the fire alarm panel. Jean and Lorri had
to be on fire watch at night over the weekend.
• Gary Forcier moved to authorize Jean Ward to accept a bid up to $50,000 for the cost to replace
the fire alarm panel. LouAnn Holmquist seconded and the motion carried unanimously.
d. Steve Jensen moved to approve Resolution 42015-17 Deleting Items from Depreciation Report.
LouAnn Holmquist seconded and the motion carried unanimously.
5. CITY REVOLVING/DEFERRED HOME IMPROVEMENT LOAN PROGRAMS
a. FYI Update: One City Revolving Loan project is under construction. Two City Deferred Grant
applicants are income eligible and are being inspected.
b. LouAnn Holmquist moved to approve revising the approval of the Stone Rehab Loan so that the
Revolving SCDP funding (approved at the September 15, 2415 Board meeting) and/or TIF funds
can be used for the Stone City Home Improvement Loan Program contingent to the Loan Review
Committee's approval. Steve Jensen seconded and the motion carried unanimously.
6. City Downtown Rental Rehab Program
Steve Jensen moved to approve SCDP Rental Rehab Loan #2 — Second Avenue Properties contingent
to Loan Review Committee's approval. LouAnn Holmquist seconded and the motion carried
unanimously.
November 17,20 15 Minutes Page 1 of 2
7. CONSIDERATION OF REVISED FEE SCHEDULE
Steve Jensen moved to approve the revised fee schedule. LouAnn Holmquist seconded and the motion
carried unanimously.
8. 445 ADAMS STREET
a. Jean Ward told the Board that she will need to ask for an extension from MHFA for the financing at
445 Adams. Steve Jensen moved to approve lowering the Purchase Price to $139,900, LouAnn
Holmquist seconded and the motion carried unanimously.
9. OTHER COMMUNICATIONS
a. Mayor Forcier is working on finding a new HRA Board member.
10. ADJOURNMENT
Steve Jensen moved to adjourn and LouAnn Holmquist seconded. There being no other business,
Chairman LaVonne Hansen declared the meeting adjourned.
Recorded by Jean Ward, HRA Executive Director
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orcier, Secretary/Treasurer
November 17, 2015 Minutes Page 2 of 2