HRAA 12/5/24/regualr
Housing & Redevelopment Authority
Regular Meeting
December 05, 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 November 7, 2024
3.Designation of an Official Newspaper for 2025
4.Resolution No. 2024-06 Designating Official Depositories for the Year 2025
5.Proposed 2025 Budget
Informational Items
6.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:December 5, 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 periodNovember 1through November
27, 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:December 5, 2024 Meeting Type:Housing & Redevelopment Authority
Submitted By:Paul Bolin, Assistant Executive Director
Title
Approval of the Minutes from the HRA Meeting of November 7, 2024
Background
Recommendation
Staff recommends the HRA approve the minutes from the HRA meeting of November 7, 2024.
Attachments and Other Resources
HRA Minutes November 7,2024
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
November 7,2024
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
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
Motionby Commissioner Brueggemeierto approve the expenditures. Seconded by Commissioner
Backlund.
Upon a voice vote, all voting aye, Chair Showalterdeclared the motion carried unanimously.
2.ApprovalOctober 3,2024, Meeting Minutes
Motionby Commissioner Brueggemeierto approve the meeting minutesof October 3,2024as
presented. Seconded by Commissioner Backlund.
Upon a voice vote, all voting aye, Chair Showalterdeclared 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
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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
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AGENDA REPORT
Meeting Date:December5, 2025 Meeting Type:Housing & Redevelopment Authority
Submitted By:Paul Bolin, Assistant Executive Director
Title
Designation of an Official Newspaper for 2025
Background
The Fridley City Charter Section 12.01 requires the designation of an official newspaper for the Fridley
Housing and Redevelopment Authority. The official newspaper is used for publishing public hearings
and other legal notices.
Recommendation
Staff recommend the approval of HRA Resolution No. 2024-05, designating the MinnesotaStar Tribune
as the official legal newspaper of the Fridley Housing and Redevelopment Authority for the year 2024.
Attachments and Other Resources
HRA Resolution No. 2024-05
Vision Statement
We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses.
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Resolution No. 2024-05
Designating an Official Newspaper for the Year 2025
Whereas, the Charter of the City of Fridley requires in Section 12.01 thereof that the Fridley
Housing and Redevelopment Authority, annually designate an official newspaper for the Housing
and Redevelopment Authority.
Now, therefore be it resolved, that the Minnesota Star Tribun e is designated as the official legal
newspaper for the City of Fridley for the year 2025 for all publications required to be published
therein.
Passed and adopted by the Housing and Redevelopment Authority in and for the City of
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Fridley this 5 day of December, 2024.
_______________________________________________
Elizabeth Showalter Chairperson
Attest:
__________________________________________________
Walter T. Wysopal Executive Director
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Resolution No. 2024-06
Designating Official Depositories for the Housing & Redevelopment Authority
Whereas, I, Joe Starks, do hereby certify that I am the Finance Director-Treasurer of the Housing
& Redevelopment Authority in and for the City of Fridley, a corporation organized under the laws
of the State of Minnesota. I further certify that at a meeting of said corporation duly and properly
called and held on the 5th day of December 2024, the following resolution was passed; that a
quorum was present at said meeting; and that said resolution is set forth in the minutes of the
meeting and has not been rescinded or modified.
Now, therefore, be it resolved that Wells Fargo Bank Minnesota N.A. and UBS Financial Services,
Inc. are hereby designated as a depositories for the funds of this corporation.
Be it further resolved that checks, drafts or other withdrawal orders issued against the funds of
this corporation on deposit with said bank shall be signed by any of the following individuals:
Walter T. Wysopal, Executive Director
Joe Starks, Finance Director
Korrie Johnson, Assistant Finance Director
and that said banks are hereby fully authorized to pay and charge to the account of this
corporation any checks, drafts, or other withdrawal orders.
Be it further resolved that Wells Fargo Banks and UBS Financial Services as the designated
depositories of the corporation are hereby requested, authorized and directed to honor checks,
drafts or other orders for the payment of money drawn in this corporation's name, including those
drawn to the individual order of any person or persons whose name or names appear thereon as
signer or signers thereof, when bearing or purporting to bear the facsimile signatures of the
following individuals:
Walter T. Wysopal, Executive Director
Joe Starks, Finance Director
Korrie Johnson, Assistant Finance Director
Be it further resolved that any and all resolutions heretofore adopted by the Housing &
Redevelopment Authority of the corporation and certified to as governing the operation of this
corporation's account(s) with it, be and are hereby continued in full force and effect, except as the
same may be supplemented or modified by the foregoing part of this resolution.
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Resolution No. 2024 06 Page 2
Be it further resolved that all transactions, if any relating to deposits, withdrawals, re-discounts
and borrowings by or on behalf of the corporation with said bank prior to the adoption of this
resolution be, and the same hereby are, in all things ratified, approved and confirmed.
Be it further resolved that any bank or savings and loan may be used as depositories for
investment purposes so long as the investments comply with authorized investments as set forth
in Minnesota Statutes.
Be it further resolved that the signatures of the following two named City/HRA employees are
required for withdrawal of Housing & Redevelopment Authority investment funds from savings
and loan associations:
Walter T. Wysopal, Executive Director _______________________________________________
Joe Starks, Finance Director _______________________________________________
Korrie Johnson, Assistant Finance Director _______________________________________________
Be it further resolved that any brokerage firm may be used as a vendor for investment purposes
so long as the investments comply with the authorized investments as set forth in Minnesota
Statutes.
I further certify that the Board of this corporation has, and at the time of adoption of said
resolution, had full power and lawful authority to adopt the foregoing resolutions and to confer
the powers therein granted to the persons named who have full power and lawful authority to
exercise the same.
Passed and adopted by the Housing & Redevelopment Authority in and for the City of
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Fridley this 5 day of December, 2024.
_______________________________________________
Elizabeth Showalter - Chairperson
Attest:
_________________________________________________
Walter T. Wysopal - Executive Director
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AGENDA REPORT
Meeting Date:December 5, 2024 Meeting Type:Housing & Redevelopment Authority
Submitted By:Paul Bolin, Assistant Executive Director
Title
Resolution No. 2024-06DesignatingOfficial Depositoriesfor the Year 2025
Background
Attached is a resolution appointing both Wells Fargo Bank Minnesota N.A. and UBS Financial Services,
Inc.iesfor 2025.
Staff recommends a motion adopting a resolution designating theseofficialdepositoriesfor the Housing
& Redevelopment Authority for 2025.
Recommendation
Staff recommend the approval of HRA Resolution No. 2024-06.
Attachments and Other Resources
HRA Resolution No. 2024-06
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:December 5, 2024 Meeting Type:Housing & Redevelopment Authority
Submitted By:Paul Bolin, Assistant Executive Director
Joe Starks, Finance Director/City Treasurer
Title
Proposed 2025Budget
Background
Staffwill present the Proposed 2025Budget for the Authority to reviewand approve. The budget was
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previously presented at the November 7meeting and the authority reviewed cash and fund balances
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at the September 5work session.. 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 programs and services (e.g., CEE programs).The
budgets for TIF Funds are largely driven from the cash flow projections
work session.
Recommendation
Staff recommend the approval of the 2025HRA Budget.
Attachments and Other Resources
Summary 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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05
26
0
48
0.00
00
0.00
0.00
0.00
00
00
123122.02
428
692766.17
10000.00
25
30000.00
0.00
05
79451.00
0.00
00
0.00
0.00
01
6502.20
0.00
00
0.00
0.00
02
50458.82
0.00
013
200000.00
1059178.19
133122.02
654
0.00017960.001
0.00042772.001
0.0060732.002
0
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11.79
11.30
/
4885.71
33.90
58.93
56.49
23.57
22.60
56.49
56.49
22.60
33.90
//
11.30
/
22.60
22.60
33.90
33.90
22.60
911.69
22.60
33.90
810.39
45.19
45.19
56.49
-
11.30
22.60
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AGENDA REPORT
Meeting Date:December 5,2024 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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