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Housing and Redevelopment Authority Minutes <br />February 3, 2025 <br />--------- <br />Page 2 of 3 <br />The staff report was presented. <br />Moved by Commissioner Caswell and seconded by Commissioner Dietz to approve an <br />amendment to the Housing and Redevelopment bylaws changing the annual meeting <br />month from February to January. Motion carried 4-0. <br />Moved by Commissioner Beaudry and seconded by Commissioner Caswell to approve a <br />recommendation to the city council that compensation for Housing and Redevelopment <br />Authority members be set at $75 monthly. Motion carried 4-0. <br />5.CONSENT AGENDA <br />Moved by Commissioner Dietz and seconded by Commissioner Caswell to approve the <br />following consent items as outlined in their respective staff reports. Motion Carried 4-0. <br />5.1 Draft Minutes - January 6, 2025 <br />5.2 Check Register <br />5.3 Balance Sheet <br />5.4 Revenue/Expenditure Reports <br />5.5 2025 Meeting Schedule <br />6.OPEN FORUM <br />No one appeared for Open Forum. <br />7.GENERAL BUSINESS <br />7.1 Housing Rehabilitation Loan Program Update <br />The staff report was presented. <br />Commissioner John Dietz asked if all the interest rates were similar for all three groups. Mr. O'Neil <br />stated that the Minnesota Housing is competitive and the main difference is in the amount of money <br />they are willing to loan, which is larger than ours. He stated they could get back to them with the exact <br />rate, but it is a favorable rate. <br />7.2 General Updates <br />The staff report was presented. DRAFTPage 4 of 28