08-21-2018 HRAA
City Center, 111 Hassan Street SE
Hutchinson, MN 55350
Website Site: www.hutchinsonhra.com
(320) 234-4251 ● (320) 234-4240 Fax
Hutchinson HRA Regular Board Meeting
August 21, 2018
Agenda
1. CALL TO ORDER – 7:00 a.m. - CITY CENTER MAIN CONFERENCE ROOM
2. CONSIDERATION OF MINUTES OF THE REGULAR BOARD MEETING ON JULY 17, 2018
3. FINANCIAL REPORTS
a. Consideration of City Center General Fund payments of $13,118.97 for checks 8958 to 8961
b. Consideration of City Center July 2018 Financial reports
c. Consideration of approval of Park Towers operating account payments of $90,566.19 for checks 14362
to 14399 and consideration of approval of Park Towers security account payment of $181.17 for check
number 01570
d. Consideration of June 30, 2018 Park Towers financial statements
4. PARK TOWERS
a. Occupancy Report
b. Park Towers August Newsletter
c. Consideration of revised Schedule of Charges effective September 1, 2018
d. Consideration of $32,800.00 quote and change order #2 from the Caulkers Co. to tuck point/repair
damaged brick areas noted during the caulking project.
5. CONSIDERATION OF INCREASE IN INCOME LIMITS FOR TIF DEFERRED REHAB
LOAN/GRANT PROGRAM (HILP)
6. CONSIDERATION OF APPROVAL OF CITY LIVE & WORK REHAB LOAN #1
7. CONSIDERATION OF CHANGE IN SCDP REVOLVING RENTAL REHAB LOAN PROGRAM FROM
70% DEFERRED LOAN/GRANT/30% OWNER MATCH TO 50% DEFERRED LOAN GRANT/50%
ZERO PERCENT LOAN
8. CONSIDERATION OF DRAFT RENTAL IMPROVEMENT PROGRAM FACT SHEET AND
UNDERWRITING GUIDELINES WITH PROPOSED ASSIGNMENT OF $150,000 FROM HRA
RESERVES
9. CONSIDERATION OF EXECUTION OF AMENDMENT #1 IMPACT FUND AGREEMENT ID
NUMBER 10-2016-13 UP TO $10,000 PER MANUFACTURED HOME CHANGING FROM
DEFERRED LOAN FUNDING TO GRANT FUNDS ( MN HOUSING TO SEND OUT AMENDMENT
TO BE DISTRIBUTED AT BOARD MEETING.)
10. CONSIDERATION OF REVISION TO THE CITY TIF HILP REHAB PROGRAM MOBILE HOME
INITIATIVE
11. 2018 SECOND QUARTER HUTCHINSON FORECLOSURES
12. ADJOURNMENT