HomeMy WebLinkAboutCity Council - 04/05/2022 - HRAAPPROVED MINUTES
HOUSING AND REDEVELOPMENT AUTHORITY
TUESDAY, APRIL 5, 2022 7:00 PM, CITY CENTER
Council Chamber
8080 Mitchell Road
HOUSING AND REDEVELOPMENT AUTHORITY MEMBERS: Chair Ron Case, Council Members Mark
Freiberg, PG Narayanan, Kathy Nelson, and Lisa Toomey
CITY STAFF: City Manager Rick Getschow, Public Works Director Robert Ellis, Parks and Recreation Director
Jay Lotthammer, Community Development Director Julie Klima, and City Attorney Maggie Neuville
I. ROLL CALL / CALL THE HRA MEETING TO ORDER
Chair Case called the meeting to order at 7:03 PM. All HRA members were present.
II. APPROVE MINUTES OF HRA MEETING HELD ON MARCH 1, 2022
MOTION: Nelson moved, seconded by Freiberg, to approve the HRA minutes from March 1, 2022.
Motion carried 5-0.
III. ASSIGNMENT OF CDBG LOAN FOR COLUMBINE TOWNHOMES (Resolution HRA No. 2022-
02)
Getschow explained there is an assignment of a loan for Columbine Townhomes. He noted 100 percent of
the 32 townhome units in the project would be affordable to individuals or families whose incomes do not
exceed 60 percent of the area median income. The HRA provided a loan to the developer of Community
Development Block Grant (CDBG) funds in the principal amount of $142,125.00. The loan forgiveness is
structured as an assignment of the CDBG loan, and, in exchange for this assignment, the Townhomes will
continue to maintain the affordability of 100 percent of the units for an additional ten years and promise to
make the proposed capital improvements in the amount of $207,014.00, which amount represents the
outstanding principal and interest on the CDBG loan
MOTION: Toomey moved, seconded by, Freiberg to adopt Resolution HRA No. 2022-02 Approving
Second Amendment to Project Management Agreement and Assignment of CDBG Loan for Columbine
Townhomes. Motion carried 5-0.
IV. ADJOURNMENT
MOTION: Narayanan moved, seconded by Freiberg, to adjourn the HRA meeting. Motion carried 5-0.
Chair Case adjourned the meeting at 7:06 PM.
Respectfully submitted,
________________________
Nicole Tingley, City Clerk