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Elk River Housing and Redevelopment Authority Meeting <br /> January 30, 1996 Page 2 <br /> COMMISSIONER HINKLE MOVED THE DESIGNATE FIRST NATIONAL MORTGAGE, <br /> NORWEST MORTGAGE, HEIGL MORTGAGE, AND TCF MORTGAGE CORPORATION <br /> AS LENDERS FOR ITS 1996 MCPP MORTGAGE PROGRAM. COMMISSIONER WILSON <br /> SECONDED THE MOTION. THE MOTION CARRIED 3-0. <br /> 5.A Consider the 1995 HRA Cash Activity <br /> Assistant City Administrator, Lori Johnson submitted the cash activity for the <br /> period ending December 31, 1995. As of January 1, 1995 the HRA had a <br /> beginning balance of$108,447.88. As of December 31, 1995 the HRA had an <br /> ending balance of$119,998.81 (excludes December interest). In 1995 the HRA <br /> had revenues of$64,701.54 and total expenses of$53,150.61. <br /> 5.B HRA Check Register <br /> COMMISSIONER HINKLE MOVED TO APPROVE THE JANUARY 19, 1996, HRA CHECK <br /> REGISTER IN THE AMOUNT OF$1,851.88. COMMISSIONER WILSON SECONDED THE <br /> MOTION. THE MOTION CARRIED 3-0. <br /> 6. Adjournment <br /> There being no further business, COMMISSIONER HINKLE MOVED TO ADJOURN <br /> THE MEETING. COMMISSIONER WILSON SECONDED THE MOTION. THE MOTION <br /> • CARRIED 3-0. <br /> The meeting of the Elk River Housing and Redevelopment Authority was <br /> adjourned at 5:25 p.m. <br /> Respectfully submitted, <br /> akjitatt ki2/ <br /> 1' <br /> Michelle Dwyer <br /> Recording Secretary <br /> • <br />