08-21-2018 HRAM HRA
A fiitMt.VrYR;APM1:IN!FarMV6 IR1HY
Regular Board Meeting Tuesday, August 21, 21118, 7:00 AM
nr utes
I. CALL TO,ORDER: Chair Renee Lynn Johnson Kotlarz called the meeting to order.
Members Present: Gary Forcier, Eileen Henry, Steve Jensen, and Nikki Willermssen. Staff
Present: Jean Ward and Judy Flemming.
2. CONSIDER.A'T"ION OF MINUTES OF THE REGULAR BOARD MEETING ON JULY 1.7,
2a�18
Nikki Williamson moved to approve the Minutes of the regular beard meeting as written.
Steve Jensen seconded and the motion carried unanimously.
3. FINANCIAL REPORTS
a. Steve.Jensen moved to approve City Center General Fund payments of$13,118.97 for
checks 8958 to 8961. Nikki Willemss n seconded and the motion carried unanimously..
b. Nikki y,'v"'illemsscn moved to approve City Center July 2018 financial staterments. Eileen
Henry seconded and the motion carried unanimously,
c. Steve; Jensen moved to approve 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 8181.17 for check number 15 70. Nikki Willemssen seconded and the
motion carried unanimously.
d. Nikki Willemssen moved to approve the June 3,0, 2018 ParkTowers financial statements.
Gary Foc icier seconded and the motion carried unanimously.
4. PARK TOWERS ER.S UPDATIE
a. Occupancy Report— 100%
b. FYI., Park Towers' .August Newsletter.
c. Jean "ward reviewed with the Board the revised Schedule of Charles effective September
1, 2018,. Nikki Wiliernssen moved to approve the revised Schedule of Charges. Steve
Jensen seconded and the motion carried unanimously.
dI. Nikki Willemssen moved to approve the S32,800,00 quote and change order#2 from the
Caulkers Co. to tuck point/repair damaged brick areas noted during,the caulking project.
Steve,Jensen seconded and the motion carried unanimously.
5. CONSIDERATION OF INCREASE IN INCOME LIMITS FOR TIF DEFERRED REHAB
LOAN/GRANT PROGRAM (HILP)
.Kean "'ward reviewed with the Board the"Revised Income Lit-nits for TIF rehab"
memorandum. Steve.Jensen moved to approve the increase in income limits for"TIF deferred
rehab loan/grant program (1®111..,P). Nikki Willernssen seconded and the motion carried
unanimously,
6. CONSIDERATION OF APPROVAL GIS CIT' ' LIVE & WORK REHAB LOAN # I
Nikki Willelmssen moved to approve the City Live & Work Rehab Loan #1. 'Steve Jensen
seconded and the motion carried unanimously.
August 21, 2018 Miauutes Page I af"2
7. CONSIDERATION OF CHANGE IN SCDP REVOLVING RENTAL REHAB LOAN
PROGRAM FROM 70% DEFERRED LOAN/GRANTJ30% OWNER MATCHTO 50%
DEFERRED LOAN GRANT/50% ZERO PERCENT LOAN
Nikki Willeinssen moved to approve the change in SCRIP Revolving Rental Rehab Loan
Prograin from a 70%,deferred loan/grant and 30�%owner match to a 50%deferred loan/ rant
and 50% zero percent loan, Steve Jensen seconded and the motion carried unanimously.
S. CONSIDERATION OF DRAFT RENTAL IMPROVEMENT PROGRAM FACT SHEET
AND UNDERWRITING GUIDELINES WITH PROPOSED ASSIGNMENT OF $150,000
FROM HRA RESERVES
The HRA Board discussed the diff'erent options of the program, Steve Jensen moved to
approve the HRA Rental Improvement Program factsheet but to change in the interest rate to
&L minus I percent of the prime" for a tens of 5 years; and approve the underwriting guidelines
with an assignment of$150,000 from HRA Reserves, Nikki Willemss,en seconded and the
motion carried unanimously.
9. CONSIDERATION OF EXECL)TION 01; AMEN D,M ENT #1 IMPACT FUND
AGREEMENT ID NUMBER 10�-2016-13 UP TO S10,000 PER MANUFACTURED HOME
CHANGING FROM DEFERRED LOAN FUNDINGTO GRANT FUND'S ( MN
HOUSING TO SEND OUT AMENDMENTTO BE DISTRIBUTED AT BOARD
MEETING.)
Nikki Willernssen moved to approve the execution oaf Amendmentif I Impact Fund
Agreement ID Number 10-2016-13 up to $10,000 per manufactured home changing from
deferred loan funding to grant funds. Gary Forcier seconded and the motion carried
unanimously.
I O. CONSIDERATION OF REVISION TO THE CITY TIF 111 LP REHAB PROGRAM
MOBILE HOME INITIATIVE
Steve Jensen moved to approve the revision to the City TIF HILI' Rehab Program Mobile
Home Initiative. Gary Forcier seconded and the motion carried unanimously.
11. FYI 2018 SECOND QUARTER HUTC111INSON FORECLOSURES
12. ADJOURNMENT
Gary Forcier moved to aqjoum and Nikki Willemssen seconded. There being no other
business,, Chair Renee Lynn Johnson Kotlarz declared the meeting adjourned..
Recorded by Jean Ward, HRA Executive Director
Gary Forcner, Sre?Ta-ry/Treasurer
August 21,2018 MinuiLs Page 2 of 2