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Executive Director: Patrick Klaers is the current HRA <br /> Executive Director; neither Minnesota Statutes nor the HRA <br /> by-laws require the reappointment of this position on an annual <br /> basis . Therefore, it is in order to retain Patrick Klaers as <br /> the Executive Director without a formal vote. <br /> Review By-laws: The annual meeting also provides an <br /> opportunity to review the HRA's by-laws and to suggest any <br /> changes. A copy of the by-laws has been included in the agenda <br /> packet. <br /> 5 . FINANCIAL UPDATE <br /> Please refer to the attached memo from Finance Director, Lori <br /> Johnson. <br /> • <br />