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Housing and Redevelopment Minutes Page 2 <br />January 14, 2019 <br />The title company and closings were discussed. Ms. Othoudt indicated she is willing to close <br />the loans for no additional costs. The HRA agreed to use a local title company, such as <br />Sherburne County Abstract. <br />Ms. Othoudt would have a discussion with CEE regarding the loan servicing agreement on <br />page 3, the servicing delinquency, and when CEE would contact the borrower to tell them <br />they were 30 days late. <br />Ms. Othoudt stated she would ask CEE what their cost would be for absorbing and <br />servicing the 14 loans currently under CMHP. The consensus of the HRA was to allow CEE <br />to service the current CMHP loans with the cost of servicing to be determined by CEE. <br />The HRA discussed and agreed that a photo release should be obtained from the borrower <br />to use before and after rehabilitation pictures in marketing purposes with an option for them <br />to opt out. <br />Ms. Othoudt stated she would have these final versions of loan documents on the next <br />agenda for review and approval. <br />3. Adjournment <br />Chair Toth adjourned the meeting at 5:58 p.m. <br />Minutes prepared by Jennifer Green. <br />Tina Allard, City Clerk <br />doth, Chair <br />Housing & Redevelopment Authority <br />