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07-15-13 Regular HRA HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES cCOzed Richfield, Minnesota Regular Meeting July 15, 2013 CALL TO ORDER The meeting was called to order by Chair Sandahl at 7:01 p.m. ROLL CALL HRA Members Sue Sandahl, Chair; Doris Rubenstein; and David Gepner Present: HRA Members Steven J. Quam and Debbie Goettel Absent: Staff Present: Karen Barton, Acting Executive Director/Acting Community Development Director and Theresa Schyma, Deputy City Clerk. Item #1 APPROVAL OF MINUTES OF (1) REGULAR HRA MEETING OF JUNE 17, 2013 M/Rubenstein, S/Gepner to approve the minutes of(1) Regular HRA Meeting of June 17, 2013. Motion carried 3-0. Item #2 HRA APPROVAL OF AGENDA M/Gepner, S/Rubenstein to approve the agenda. Motion carried 3-0. Item #3 CONSIDERATION OF A REQUEST BY THE OWNER OF 7600 LYNDALE AVENUE, UNIT 408 TO FORGIVE A HOUSING AND REDEVELOPMENT AUTHORITY COMMUNITY REVITALIZATION FUND PROGRAM MORTGAGE IN THE AMOUNT OF $10,080 S.R. NO. 38 Acting Executive Director/Acting Community Development Director Barton presented Staff Report No. 38. HRA Meeting -2- July 15,2013 Jill Sklader, homeowner, was available for questions. Chair Sandahl inquired as to how long the home has been on the market. Ms. Sklader responded that she did not list the home but rather tried to find a private buyer. Commissioner Gepner questioned if the lender was approached to share in the loss. Ms. Sklader responded that she did not approach the lender. Commissioner Gepner stated that there are certain guidelines that were not met and that is why staff decided to deny the request. Commissioner Rubenstein stated she was reluctant to forgive the entire loan but questioned if there was some room to negotiate by either reducing the amount to give credit for the time that the property was owned by Ms. Sklader or to have the amount paid in full with a promissory note. Chair Sandahl asked about the current policy for short sale properties. Acting Executive Director/Acting Community Development Director Barton responded that in traditional short sales there is room for negotiation. She continued that this is not a short sale because the lender is not sharing the loss. The entire loss would be with the HRA. Commissioner Gepner asked the homeowner how long since she has lived at the property. Ms. Sklader responded four years. Commissioner Gepner stated that the loan should have been paid back at that time since the Community Revitalization Fund Program is for those who are going to live at the property not rent it out. Chair Sandahl inquired as to if the rent covered her monthly costs. Ms. Sklader stated that it covered the mortgage but not association fees and taxes. She stated she was losing approximately $200 per month. Chair Sandahl stated that part of the reluctance to forgive this loan is that it goes back into a fund for others to use. She asked the homeowner if they would be willing to sign a promissory note to pay back the full amount of the loan. Ms. Sklader was hoping the HRA would help with this loss. Commissioner Gepner stated that he would like to stick to the guidelines that are in place. Chair Sandahl asked the homeowner if she was selling to a friend or relative. Ms. Sklader responded that she was selling to a relative. Commissioner Rubenstein stated that she felt the best option was to have the homeowner sign a promissory note for the full amount. Acting Executive Director/Acting Community Development Director Barton stated her concern that the HRA would lose security on the loan. Commissioner Gepner stated his disappointment that the lender wasn't approached to share in the loss. HRA Meeting -3- July 15,2013 M/Rubenstein, S/Gepner to deny a request by the owner of 7600 Lyndale Avenue, Unit 408 to forgive a Housing and Redevelopment Authority Community Revitalization Fund Program mortgage in the amount of$10,080. Motion failed 1-2. (Sandahl, Rubenstein opposed) M/Sandahl, S/Rubenstein to approve a request by the owner of 7600 Lyndale Avenue, Unit 408 to forgive half of the amount of a Housing and Redevelopment Authority Community Revitalization Fund Program mortgage in the amount of$5,040. Motion carried 2-1. (Gepner opposed) Item #4 HRA DISCUSSION ITEMS Acting Executive Director/Acting Community Development Director Barton announced the August 12 annual Planning Commission bike tour on August 12. The HRA and City Council are invited to attend as well. Item #5 EXECUTIVE DIRECTOR REPORT Acting Executive Director/Acting Community Development Director Barton provided an update on Lyndale Gardens Center. Item #6 CLAIMS AND PAYROLL M/Gepner, S/Rubenstein that the following claims and payrolls be approved: U.S. BANK 07/15/2013 Section 8 Checks: 123608 - 123788 $ 156,253.44 HRA Checks: 31787 - 31806 $ 47,020.26 TOTAL $ 203,273.70 Motion carried 3-0. ADJOURNMENT The meeting was adjourned by unanimous consent at 7:21 p.m. Date Approved: August 19, 2013 Suz-rt M. San•,'I h`;�. T esa Schyma K:ren Ba :• D-•uty City Clerk Acting Executiv Director/ Acting Community 6- •- ••ment Director