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HRAM 11/7/2024 Housing and Redevelopment Authority November 7, 2024 7:00 PM Fridley City Hall, 7071 University Avenue NE Minutes Call to Order Chairperson Showalter called the Housing and Redevelopment Authority meeting to order at 7:00 p.m. Present Elizabeth Showalter Gordon Backlund Troy Brueggemeier Absent John Buyse Rachel Schwankl Others Present Paul Bolin, HRA Assistant Executive Director Joe Starks, Finance Director Vickie Johnson, Development Consultant Action Items 1. Approval of Expenditures Motion by Commissioner Brueggemeier to approve the expenditures. Seconded by Commissioner Backlund. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. 2. Approval October 3, 2024, Meeting Minutes Motion by Commissioner Brueggemeier to approve the meeting minutes of October 3, 2024 as presented. Seconded by Commissioner Backlund. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. 3. Proposed 2025 HRA Budget Joe Starks, Finance Director, provided background information on the budget process noting that no action will be taken tonight and the HRA will be asked to consider the 2025 budget at its December Housing and Redevelopment Authority Minutes Page 2 11/7/2024 meeting. He reviewed details of the proposed 2025 budget including the proposed 2025 general fund revenue and expenditure budgets, and housing loan program fund revenue and expenditure budgets. Chair Showalter asked if they are currently accepting applications for any of the loan programs, given the balance in that account. Paul Bolin, HRA Assistant Executive Director, replied that was the balance at the end of the previous year and applications are still being accepted for the loan program. Mr. Starks commented that the decision the previous year to allocate additional funds to the loan program has ensured that program can continue to be available to residents. Informational Items 4. Update on Housing Programs Mr. Bolin provided an update on the activity within the housing programs during the past month as well as year to date activity. He stated that staff is currently reviewing the responses from the request for proposals for the development of the Old Central/Mississippi property. He stated that there will be a joint meeting of the Council and HRA to interview the two developers. Commissioner Backlund commented that he would like to see a variety in the style of the homes. Chair Showalter commented that would be part of the discussion in the interviews. Mr. Bolin stated that once the developer is chosen, the HRA would be involved in the continued discussions about the development of the site. Commissioner Brueggemeier asked how the year to date utilization of the loan program is compared to previous years. Mr. Bolin commented that this has been a good year with high utilization of the program. Adjournment Motion by Commissioner Brueggemeier to adjourn the meeting. Seconded by Commissioner Backlund. Upon a voice vote, all voting aye, Chairperson Showalter declared the motion carried and the meeting adjourned at 7:18 p.m. Respectfully submitted, Paul Bolin, Staff Liaison