HRAA 11-7-2024
Housing & Redevelopment Authority
Regular Meeting
November 07, 2024
7:00 PM
Fridley City Hall, 7071 University Avenue N.E.
Agenda
Call to Order
Roll Call
Action Items
1.Approval of Expenditures
2.Approval of the Minutes from the HRA Meeting of October 3, 2024
3.Proposed 2025 HRA Budget
Informational Items
4.Update on Housing Programs
Adjournment
Accessibility Notice:
If you need free interpretation or translation assistance, please contact City staff.
Si necesita ayuda de interpretación o traducción gratis, comuníquese con el personal de la ciudad.
Yog tias koj xav tau kev pab txhais lus los sis txhais ntaub ntawv dawb, ces thov tiv tauj rau Lub Nroog cov
neeg ua hauj lwm.
Haddii aad u baahan tahay tarjumaad bilaash ah ama kaalmo tarjumaad, fadlan la xiriir shaqaalaha
Magaalada.
Upon request, accommodation will be provided to allow individuals with disabilities to participate in any City of
Fridley services, programs or activities. Hearing impaired persons who need an interpreter or other persons who
require auxiliary aids should contact CityClerk@FridleyMN.govor (763) 572-3450.
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AGENDA REPORT
Meeting Date:November 7, 2024 Meeting Type:Housing & Redevelopment Authority
Submitted By:Paul Bolin, Assistant Executive Director
Title
Approval of Expenditures
Background
Recommendation
Staff recommends the HRA approve the expenditures for the periodSeptember 27ththrough October
31, 2024.
Attachments and Other Resources
Check Reports
Vision Statement
We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses.
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AGENDA REPORT
Meeting Date:November 7, 2024 Meeting Type:Housing & Redevelopment Authority
Submitted By:Paul Bolin, Assistant Executive Director
Title
Approval of the Minutes from the HRA Meeting of October 3, 2024
Background
Recommendation
Staff recommends the HRA approve the minutes from the HRA meeting of October 3, 2024.
Attachments and Other Resources
HRA Minutes October 3,2024
Vision Statement
We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses.
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Housing and Redevelopment Authority
October 3,2024
7:00 PM
Fridley City Hall, 7071 University Avenue NE
Minutes
Call to Order
Chairperson Showaltercalled the Housing and Redevelopment Authority meeting to order at 7:00 p.m.
Present
Elizabeth Showalter
John Buyse
Rachel Schwankl
Absent
Gordon Backlund
Troy Brueggemeier
Others Present
Nancy Abts, Associate Planner
Vickie Johnson, Development Consultant
Action Items
1. Approval of Expenditures
Motionby Commissioner Buyseto approve the expenditures. Seconded by Commissioner Schwankl.
Upon a voice vote, all voting aye, Chair Showalterdeclared the motion carried unanimously.
2.ApprovalSeptember 5,2024, Meeting Minutes
Motionby Commissioner Buyseto approve the meeting minutesof September 5,2024as presented.
Seconded by Commissioner Schwankl.
Upon a voice vote, all voting aye, Chair Showalterdeclared the motion carried unanimously.
3.Collateral Assignment of TIF Sherman Associates
Nancy Abts, Associate Planner,stated that Sherman Associates has requested that the HRA approve
collateral assignment of TIFas it seeks refinancing. She noted that a similar request came forward in
Junebut ultimately Sherman decided not to purpose that refinancing. She provided an overview of
the request, assignment and related agreement.
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Housing and Redevelopment Authority Minutes Page 2
10/3/2024
Motion by Commissioner Buyse to approve the collateral assignment of TIF as presented by Sherman
Associates. Seconded by Commissioner Schwankl.
Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously.
Informational Items
4. Update on 2024 Grant Programs
5. Update on Housing Programs
Ms. Abts reviewed the HRA loan program summary providing details for September and year-to-date
data. She provided an overview of the HRA housing programs and provided more detailed
information on the Front Door Grant program.
Adjournment
Motion by Commissioner Buyse to adjourn the meeting. Seconded by Commissioner Schwankl.
Upon a voice vote, all voting aye, Chairperson Showalter declared the motion carried and the meeting
adjourned at 7:13 p.m.
Respectfully submitted,
Paul Bolin, Staff Liaison
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AGENDA REPORT
Meeting Date:November 7, 2024 Meeting Type:Housing & Redevelopment Authority
Submitted By:Paul Bolin, Assistant Executive Director
Joe Starks, Finance Director/City Treasurer
Title
Proposed 2025HRA Budget
Background
Staffwill present the Proposed 2025Budget to the Authority for review.The proposed budgetincludes
the General Fund, Housing Loan Program Fund,and the various TIF Funds. The General Fund covers the
bulk of the administrative and overhead costs of the Authority. It is also used to provide internal loans
for development projects. The Housing Loan Program Fund covers the housing-related programsand
services (e.g.,CEE programs).
Staff will bring a final budget to the Authority for approval on December 5th.
Attachments and Other Resources
Summarized Proposed 2025HRA Budget
Detailed Proposed 2025 HRA Budget
Vision Statement
We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses.
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15
26
4
49
0.00
00
0.00
0.00
0.00
00
00
58182.82
424
569644.15
0.00
03
20000.00
0.00
05
79451.00
0.00
00
0.00
6502.20
11
6502.20
0.00
00
0.00
0.00
02
50458.82
43456.53
313
200000.00
926056.17
108141.55
848
0.00017960.001
0.00042772.001
0.0060732.002
0
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4386.00
11.41
/
510.00
34.23
24.00
45.63
22.82
34.23
57.04
22.82
34.23
//
11.41
/
22.82
22.82
34.23
34.23
22.82
912.68
22.82
34.23
811.27
45.63
34.23
34.23
-
11.41
22.82
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AGENDA REPORT
Meeting Date:November 7,2024 Meeting Type:Housing & Redevelopment Authority
Submitted By:Paul Bolin, Asst. Executive Director
Title
Update on Housing Programs
Background
On a monthly basis, staff will provide updates from CEE
loan programs, remodeling advisor visits and Home Energy Squad Visits.
Attachments and Other Resources
Chart of Loans Issued & Remodeling Advisor Visits
Vision Statement
We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses.
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