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05-05-2014 HRA MIN Cty of ' Elk ^ Meeting of the Elk River River Housing and Redevelopment Authority Held at the Elk River City Hall Monday, May 5, 2014 Members Present: Chair Wilson, Commissioners, Kuester, Chuba and Motin Members Absent: Commissioner Toth Staff Present: Economic Development Director Brian Beeman, Economic Development Specialist Colleen Eddy, Community Operations and Development Deputy Director Jeremy Barnhart, and Sr. Administrative Assistant Debbie Huebner Also Present: Jenny Boulton,Kennedy& Graven I. Call Meeting to Order Pursuant to due call and notice thereof, the meeting of the Elk River Housing and Redevelopment Authority was called to order at 5:30 p.m. by Chair Wilson. 2. Pledge of Allegiance The Pledge of Allegiance was recited. 3. Consider 05/05/2014 Agenda Moved by Commissioner Kuester and seconded by Commissioner Chuba to approve the May 5,2014 agenda. Motion carried 4-0. 4. Consent Agenda Moved by Commissioner Motin and seconded by Commissioner Kuester to approve the following consent agenda: 4.1 Minutes • April 7,2014, Regular Meeting • April 7,2014,Workshop Meeting 4.2 Check Register 4.3 Balance Sheet 4.4 Revenue/Expenditure Report Motion carried 4-0. 5. Open Forum No one appeared for Open Forum. Housing and Redevelopment Minutes Page 2 May 5,2014 6. Public Hearings - None 7.1 Housing & Redevelopment Authority (HRA) Owner-Occupied Rehabilitation Policies & Procedures and Budget Amendment Brian Beeman presented the staff report. The HRA was asked to approve the following: 1) Resolution Approving Housing Rehabilitation Loan Program 2) The Elk River HRA Owner-Occupied Housing Rehabilitation Program Policies and Procedures. 3) The HRA Rehab Owner-Occupied Housing Rehabilitation Program Administrative Agreement with CMHP to administer the new housing program. 4) The Elk River HRA Rehabilitation Loan Application 5) Elk River HRA Rehabilitation Loan Program Contractor Owner Agreement. 6) Elk River HRA Rehabilitation Program Mortgage and Repayment Agreement Owner-Occupied Housing Rehabilitation Program. 7) A budget amendment to transfer funds in the amount of$100,000 from the HRA fund balance to the HRA contractual services line item. Jenny Boulton of Kennedy& Graven, explained the program revision with the income limits. She stated that the HRA may revise the program to remove the income restrictions and recommend the City Council hold a public hearing for the revised program, and also, to submit the plan to the Planning Commission to determine if the plan is consistent with the city plans as A whole. Commissioner Chuba asked what the income restrictions were. Ms. Boulton stated that the limit is 115 percent of the median area income,using the Twin Cities metro area ($89,200). 115 percent would be approximately$95,000 plus. Commissioner Motin asked if the HRA has to have income restrictions. Ms. Boulton stated no, and that if the HRA wished to allow more people to be eligible, they could revise the program to have no income restrictions. Commissioner Motin stated that the HRA designated the target area to entice people in this area to fix up their property. He explained that once the HRA learned they did not receive state funding for a rehab project, they wanted to put their money into this program. Chair Stewart agreed that the HRA wanted to focus on this particular area. Ms. Boulton stated that the HRA could open it up to have no income restrictions and future phases could focus on affordable housing or identify other target areas. Commissioner Chuba asked if the income was based on gross income. Ms. Boulton stated that the guidelines are for actual income and that she had forms available the HRA could review that would explain how income is determined. Chair Wilson asked if they left the income restriction language as is, could they still identify a specific area. Ms. Boulton stated yes. P-0111 / BEY Y1 NATURE Housing and Redevelopment Minutes Page 3 May 5,2014 Commissioner Motin stated he preferred there be no income restriction and felt the more property owners that participated, the better. Commissioner Chuba stated that he did not feel the$89,000 income was too restrictive. Commissioner Kuester stated she did not feel the HRA should hold off on getting the program jump-started. Commissioner Chuba agreed and stated that the HRA will find out when people apply whether or not the income limit is too restrictive. Discussion followed regarding starting the program with the existing income restriction and also proceed with the process to obtain the required approvals for a program with no income restrictions. Commissioner Kuester suggested the two programs could be merged when the proper steps have been taken. Motion by Commissioner Chuba and seconded by Commissioner Kuester to approve Resolution 14-02, a Resolution Approving Housing Rehabilitation Loan Program. Motion carried 4-0. Motion by Commissioner Motin and seconded by Commissioner Kuester to recommend the City Council call a public hearing for July 7,2014 to consider a redevelopment plan without income restrictions. Motion carried 4-0. Motion by Commissioner Motin and seconded by Commissioner Chuba to recommend approval of a budget amendment to transfer funds in the amount of$100,000 from the HRA fund balance to the HRA contractual services line item. Motion carried 4-0. 8. Announcements - None 9. Adjournment There being no further business, Chair Wilson adjourned the meeting of the Elk River Housing and Redevelopment Authority at 6:00 p.m. Minutes prepared by Debbie Huebner. Age aii.. Stewart W son, Chair Housing&Redevelopment Authority Tina Allard, City Clerk PBWEeED ar NATURE