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Housing and Redevelopment Authority Minutes September 3, 2024 --------- Page 3 of 4 when strong comments are made regarding something like a city loan program and to DERBA group, not to just staff. He stated he was looking forward to putting funds to use through that loan program and staff did not feel the application asked for items outside a normal loan application. Mr. O'Neil stated with Ehlers on board, the city's financial advisor, they wish to look at all the programs available and see if there's room to tweak the applications. Commissioner Ovall encouraged staff to review any of the loan programs and offer their recommendations. Commissioner Caswell asked if the applications were available online. Mr. O'Neil stated they are, and clearly outlines the materials needed to submit. He stated there are 4 different loan programs bundled into one loan packet. Commissioner Wagner stated when you're using taxpayer dollars, providing documentation is an expectation. 6.4 Main and Gates Properties Update Mr. O'Neil presented the staff report. He noted the HRA may have seen the letter to the editor in the local newspaper from a neighboring property owner and his disagreement about the process used to receive the variance. Mr. O'Neil wanted to make the board aware the adjacent property owner has been actively disputing this approval. Mr. O’Neil stated that following the special HRA meeting, he had not received an update of Amendment Four from Ron Touchette. He stated he understood Mr. Touchette would have a proposed document to review and execute and this has not happened. Contractually, Amendment Four was approved, which gives due diligence by September 27, and a closing date prior to October 28. As of now, executed Amendment Four has not been reviewed since a document has not been submitted to review. Chair Chuba felt it quite troubling and was surprised and concerned. Commissioner Ovall stated he could take it either way; he was surprised but not concerned. He thinks if there’s time to get it done, we have the time and would be shocked if there was any additional negotiating. Mr. O’Neil noted the HRA won’t have another board meeting until due diligence expires. 7. MOTION TO ADJOURN REGULAR MEETING Moved by Commissioner Ovall and seconded by Commissioner Caswell to adjourn the meeting. Motion carried 4-0. The meeting adjourned at 5:54 p.m. Minutes prepared by Jennifer Green.