07-01-14 Special HRA HOUSING AND REDEVELOPMENT
AUTHORITY MEETING MINUTES
-/ � Richfield, Minnesota
Special HRA Meeting
July 1 , 2014
CALL TO ORDER
The meeting was called to order by Chair Sandahl at 8:15 a.m.
ROLL CALL
HRA Members Sue Sandahl, HRA Chair; Doris Rubenstein; David Gepner; and Debbie
Present: Goettel.
HRA Members Mary Supple.
Absent:
Staff Present: Steven L. Devich, Executive Director; Kate Aitchison, Housing Specialist;
Cheryl Krumholz, Executive Coordinator; and Theresa Schyma, Deputy City
Clerk.
Item #1 CONSIDERATION OF A REQUEST TO FORGIVE AN HRA DEFERRED LOAN AT
6641 CLINTON AVENUE S.R. NO. 27
Executive Director Devich presented HRA Staff Report No. 27.
Chair Sandahl understands that the resident is very close to fulfilling the requirements of this
loan but wants to know how this affects the money available in the fund if other residents would like
to participate.
Housing Specialist Aitchison stated that there currently isn't a waiting list for deferred loans
and that the pool of money is sufficient.
Commissioner Goettel questioned why financial information was not provided.
Housing Specialist Aitchison stated that the closing company should've noticed this loan
earlier and notified staff so that there was more time to prepare before the closing date was
scheduled.
Executive Director Devich stated that the HRA could take a short recess to attempt to
receive financial information so that the HRA has the full picture before making a motion.
Chair Sandahl noted that the HRA would be taking a recess for staff to gather financial
information at 8:22 a.m.
The meeting was reconvened by Chair Sandahl in the Council Chambers at 8:37 a.m.
Special HRA Meeting -2- July 1,2014
Housing Specialist Aitchison provided the financial data to the HRA. The title company
stated that the resident has health issues and the sale offer is $136,000. The primary mortgage is
$28,661 and the HRA loan is $8,238. Therefore the current settlement statement to the resident
would be $89,306.
Commissioner Rubenstein stated that the resident is walking away with a lot of money and
should have some responsibility to repay at least a portion of this loan.
Commissioner Goettel agreed that a proportional settlement is reasonable.
The HRA consensus was to agree to a $500 settlement.
M/Rubenstein, S/Goettel to approve a request to forgive $7,738 of an HRA deferred loan at
6641 Clinton Avenue and requiring a proportional settlement of$500 to be repaid to the HRA by the
property owner.
Motion carried 4-0.
ADJOURNMENT
The meeting was adjourned by unanimous consent at 8:41 a.m.
Date Approved: August 18, 2014 /,. ., tea
S . %Y- M. Sandahl
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Th= •sa Schyma / en L. •evich
De. ty City Clerk E ecutive Director