10/2/2025
Housing and Redevelopment Authority
October 2, 2025
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
Troy Brueggemeier
Frank Inamagua
Rachel Schwankl
Absent
Gordon Backlund
Others Present
Stacy Stromberg, HRA Assistant Executive Director
Joe Starks, Finance Director
Paul Bolin, Community Development Director
Action Items
1. Approval of Expenditures
Motion by Commissioner Brueggemeier to approve the expenditures. Seconded by Commissioner
Schwankl.
Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously.
2. Approval September 4, 2025, Meeting Minutes
Motion by Commissioner Inamagua to approve the meeting minutes of September 4, 2025, as presented.
Seconded by Commissioner Brueggemeier.
Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously.
Informational Items
3. Proposed 2026 HRA Budget
Housing and Redevelopment Authority Minutes Page 2
10/2/2025
Joe Starks, Finance Director, stated that he would introduce the 2026 draft HRA budget tonight, and
the HRA would consider formal adoption at its November meeting. He presented details of the
proposed 2026 budget, as well as other items of interest related to the budget.
Commissioner Schwankl referenced the proposed increase for CEE and asked if the City is looking to
enter into a contract with them. Paul Bolin, Community Development Director, commented that the
City has worked with CEE since 1996, and the fee is directly related to the number of loans issued. He
explained that CEE previously did underwriting, but five years ago also took over the loan servicing.
Chair Showalter asked how the administrative fees for the LAHA-funded programs are being funded.
Mr. Bolin replied that those fees are being paid through less restricted funds.
4. Update on Housing Programs
Stacy Stromberg, Assistant HRA Executive Director, provided an update on the September loan
activity, as well as year-to-date information on the loans and programs.
Adjournment
Motion by Commissioner Brueggemeier 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 7:16 p.m.
Respectfully submitted,
Paul Bolin, Staff Liaison