11/04/2021
HOUSING & REDEVELOPMENT
AUTHORITY REGULAR MEETING
November 4, 2021
7:00 PM
Fridley City Hall, 7071 University Avenue N.E.
MINUTES
Call to Order
Chair Holm called the Housing and Redevelopment Authority Meeting to order at 7:00 p.m.
Roll Call
Present
William Holm
Elizabeth Showalter
Gordon Backlund
Kyle Mulrooney
Paul Bolin, HRA Assistant Executive Director
Jim Casserly, Development Consultant
Members Absent: Rachel Schwankl
Action Items
1.Approval of Expenditures from September 1 through October 29, 2021.
Motion made by Commissioner Backlundto approve the expenditures, Seconded by
Commissioner Showalter.
Voting Yea: Chair Holm, Commissioner Showalter, Commissioner Backlund, Commissioner
Mulrooney
2.Approval of the Minutes from the HRA Meeting of September 2, 2021
Motion made by Commissioner Mulrooneyto approve the minutes, Seconded by
Commissioner Showalter.
Voting Yea: Chair Holm, Commissioner Showalter, Commissioner Backlund, Commissioner
Mulrooney
3.Approval of Purchase Agreement between the Fridley Housing and Redevelopment Authority
and Archer Kath, 1358 Mississippi Street
Housing & Redevelopment Authority Regular Minutes Page 2
Meeting 11/4/2021
Paul Bolin, HRA Assistant Executive Director, stated that Julie Archer Kath at 1358 Mississippi
Street property relates to others HRA owns in the area. The purchase price is $170,000 based on
the appraisal from May of 2021. This price is in alignment for properties in the area. Staff
recommends a motion approving the purchase of the Archer Kath property and authorize staff
and Chair Holm to execute documents necessary for closing of the property.
Motion made by Commissioner Backlund to approve the Purchase Agreement between the
Fridley Housing and Redevelopment Authority and Archer Kath, 1358 Mississippi Street.
Seconded by Commissioner Mulrooney.
Voting Yea: Chair Holm, Commissioner Showalter, Commissioner Backlund, Commissioner
Mulrooney
4. Approval of Professional Services Agreement between the Fridley Housing and Redevelopment
Authority and Northland Securities, Inc.
Paul Bolin, HRA Assistant Executive Director, stated that staff is recommending Ms. Tammy
Omdal, Managing Director of Public Finance for Northland Securities, be contracted by the
Authority to provide financial and development consulting. She has 25 years in public and
private sector advising, experience in city management and finance, experience drafting/working
out development deals. Legal work will continue to be handled by Vickie Loher-Johnson of
Monroe, Moxness & Berg. She will work with Greg Johnson on cash flow and TIF projections as
needed. Staff recommends the Authority approve the agreement with Northland Securities Inc.
to provide financial and development consulting services to the Authority.
Ms. Omdal, Northland Securities, thanked the Authority for this opportunity and looks forward
to working with the City of Fridley and the HRA.
Motion made by Commissioner Backlund to approve the Professional Services Agreement
between the Fridley Housing and Redevelopment Authority and Northland Securities, Inc.
Seconded by Commissioner Mulrooney.
Voting Yea: Chair Holm, Commissioner Showalter, Commissioner Backlund, Commissioner
Mulrooney
Informational Items
5. Update on Housing Programs
Mr. Bolin presented that in October seven loans closed for a total of 41 loans in the amount of
$874,299 total year to date. Remodel Advisor Visits had four in October for a total of 60 year to
date. Home Energy Squad Visits had 10 for September/October for a total of 25 year to date.
Housing & Redevelopment Authority Regular Minutes Page 3
Meeting 11/4/2021
Grant programs are no longer taking applications. Front Door Grant had 96 applications
processed, 46 signed agreements and 28 projects completed. Foundations MR Grant 16 had
applications, 5 signed grant agreements and 2 projects completed. Exterior Paint Grant had 9
applications received and 6 projects completed.
nd
The next meeting is scheduled for December 2 at 7 p.m.
Adjournment
Motion made by Commissioner Showalter. Seconded by Commissioner Backlund.
Voting Yea: Chair Holm, Commissioner Showalter, Commissioner Backlund, Commissioner
Mulrooney
Meeting adjourned at 7:22 p.m.
_________________________________________________
Krista Peterson
Recording Secretary