07-17-2018 HRAM 11R.A
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Regular Board Fleeting Tuesday, July 17, 2018„ 7.00 AM
Minutes
I. CALL TO ORDER: Chair Renee Lynn Johanson Kotlarz called the meeting to order.
Members Present: Clary Forcier, Steve Jensen, Eileen ITenry, and Nikki Willemmmssen. Staff
Present: ,lean Ward and Judy Flemming.
2. CONSIDERATION OF MINUTES CSE THE REGULAR BOARD MEETING ON JUNE 19,
2018.
Steve Jensen moved to approve the Minutes of the regular board ineeting as written. Nikki
Williamson ,seconded and the motion carried unanimously,
3. FINANCIAL REPORTS
a. Nikki Willemssern removed to approve City Venter General Fund payments of$15,115.45
for checks 8951 to 8957. Steve Jensen seconded and the motion carried unanimously,
b. Eileen Henry mm-moved to approve City Center June 2018 financial statements, Nikki
Willenmssen seconded and the motion carried unanimously.
c. Steve Jensen moved to approve Park Towers operating account payments of$39,331.09
for checks 14337 to 14361 and consideration of approval of lark.Towers' security
account Payment of$150.50 for check number 1569. Eileen Henry seconded and the
motion carried unanirnomrsly.
d. Eileen Henry moved to approve the April 30, 2018 and May 31, 2018 Park.Towers
financial statements. Steve Jensen seconded and the mxuotio�n carried unanimously.
4. PARI{ "1"OWERS UPDATE
a. Occupancy Deport—99% at beginning of month; now filled.
b. FYI: Park.Towers' July Newsletter.
c. Jean Ward updated the Board on the apartment fire. She got the fire report frorn the Fire
Department. The insurance cornpanies are still working out the details, Park Towers'
deductible is$5,000,
d. Nikki Willemssen moved to approve the air conditioners quote revision to include sales
tax. Steve Jensen seconded and the: motion carried unanimously.
+e. Jean Ward reviewed with the Board the final post audit PHAS Score - High Performer.
5. CONSIDERATION OF 2019 CITY CENTER DRAFT BUDGET
,lean Ward reviewed with the Board the 20°19 City Center Drafl. Budget. Judy Flemming
updated the Board on the program marketing done so far. Mayor Crary Forcier recommended
giving a condensed Program factsheert to the local realtors and lenders. Steve Jensen moved
to approve the 2019. City Center Budget. Nikki Willernssen seconded and the motion carried.
unanimously.
6. CONSID7ER,ATION OF UNDERWRITING STAN DARDS FOR FIX UP LOANS
Steve Jensen moved to approve the revised underwriting standards for Fix Up Loans. Nikki.
t illevm,ssen seconded and the motion carried unanimously.
July 17,2018 Minutes Nome 1 of 2
7. CONSIDERATION OF REVISED HRA FEE SCHEDULE FOR ENERGY AUDI IT FEE
AND CREDIT REPORT FEE
Nikki Willemssen moved to approve the revised HRA Fee Schedule. Steve Jensen seconded
and the motion carried unanimously,
8. COMMUNICATIONS
a. FYI: Press Release Century Court West Townhomes
b. FYI: Fall MN NAHRO Conference in Duluth
9'. ADJOURNMENT
Steve Jensen moved to adjourn and Nikki Willernssen seconded. There being no other
business,, Chair Renee Lynn Johnson Kotlarz declared the meeting adjourned.
Recorded by Jean Ward, IRA Executive Director
Gary Forci6r, Secretary[1'reasurer
July 17,200 S Minutes Page 2 of 7