06-16-08 RegularJ
HOUSING AND REDEVELOPMENT
AUTHORITY MEETING MINUTES
Richfield, Minnesota
Regular. Meeting
June 16, 2008
CALL TO ORDER
The meeting was called to order by Chair Sandahl at 7:00 p.m.
ROLL CALL
HRA Members
Present: Sue Sandahl Chair; Martin Kirsch; Joan Helmberger; Doris Rubenstein;
and David Gepner.
Staff Present: John Stark, Acting Executive Director; and Nancy Gibbs, City Clerk.
Item #1 HRA APPROVAL OF MINUTES
M/Kirsch, S/Gepner to approve the minutes of the (1) Special HRA/City Council
Worksession of Mav 13 2008 and (2) Regular HRA Meeting of Mav 19, 2008.
Motion carried 5-0.
Item #2 HRA APPROVAL OF AGENDA
M/Rubenstein, S/Gepner to approve the agenda.
Motion carried 5-0.
HRA Meeting June 16, 2008
Item #3 CONSIDERATION OF AMENDMENT TO PROMISSORY NOTE, SECURITY
AGREEMENT AND SECQND MORTGAGE ON REAL PROPERTY LOCATED AT
6432 -15TH AVENUE TO CHANGE MATURITY DATE TO OCTOBER 22, 2012
S.R. NO. 28
Acting Executive Director Stark presented Staff Report No. 28 and 29 together.
Commissioner Gepner suggested that they act on Item #4 before Item #3.
M/Rubenstein, S/Kirsch to amend the agenda to consider agenda Item #4 before agenda
Item #3.
Motion carried 5-0.
The following discussion occurred after considering the next agenda item.
Commissioner Gepner proposed that the loan be changed to 22 years and the new maturity
date should be October 22, 2019.
M/Gepner, S/Rubenstein to approve the amendment of a promissory note, security
agreement and second mortgage on real property located at 6432 -15th Avenue to change
maturity date to October 22, 2019.
Motion carried 5-0.
Item #4 CONSIDERATION OF SUBORDINATION REQUEST FOR HRA DEFERRED LOAN
AT 6431 -15TH AVENUE S.R. NO. 29
Acting Executive Director Stark explained some of the issues the home owners have had
with the construction of their home, especially related to ice-damming, inadequate ventilation, and
exterior siding attached to the insulation, dating back to early 2001.
M/Helmberger, S/Rubenstein to approve the subordination request for HRA deferred loan at
6431 - 15th Avenue.
Motion carried 5-0.
Item #5 EXECUTIVE DIRECTOR REPORT
Chair Sandahl directed staff to work diligently with Hennepin Technical College on
correcting their mistakes.
Commissioner Gepner asked if staff had any additional information regarding first ring
suburb home foreclosures.-
HRA Meeting
June 16, 2008
Acting Executive Director Stark stated that tracking foreclosures is a very difficult task.
Chair Sandahl stated that the City of Richfield recently received the Award of Merit for the
Kids at Home Project.
Acting Executive Director Stark stated that this project was created by Lynnette Chambers,
Leased Housing Specialist, and staff is very proud of her accomplishment.
Item #6 CLAIMS AND PAYROLL
M/Gepner, S/Sandahl that the following claims and payrolls be approved:
U.S. Bank 06-16-2008
Section 8 Checks: 113850 - 114011 $ 168,784.42
HRA Checks: 30267 - 30285 $ 38,435.88
TOTAL $ 207,220.30
Motion carried 5-0.
ADJOURNMENT
The meeting was adjourned by unanimous consent at 7:29 p.m.
Date Approved: July 21, 2008
Nancy Gib
City Clerk