HRA Packet for May 5, 2025 - Laserfiche WebLink

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Housing and Redevelopment Authority Minutes April 7, 2025 --------- Page 2 of 4 Mr. Mollan presented the staff report. He noted CEE did not provide the monthly report at the time the packet was completed. He stated staff will be meeting with CEE to discuss any outstanding topics and lagging report receipt in May and will update the HRA after the meeting. He noted there will be an ad in the Spring Home Improvement insert in next weekend's Star News. 6.2 Commissioner Compensation Mr. O'Neil presented the staff report, which outlined what would be compensated. He noted if adopted, HRA members would begin receiving compensation starting May 1, 2025. Commissioner Beaudry asked about additional expenses being compensated, such as conferences, mileage, meal reimbursement. Mr. O'Neil stated those would be reimbursed as needed, but this meeting compensation is tied to HRA meeting attendance, and all meetings count towards the $900 yearly cap, paying $75 per meeting. He noted they do cancel one or two meetings a year, and they sometimes call special or closed meetings, which would count. Commissioner Beaudry asked how they would be paid. Mr. O’Neil stated the HRA members would provide authorization for automatic payroll deposit. Moved by Commissioner Dietz and seconded by Commissioner Mel Beaudry to adopt Resolution 25-02 authorizing commissioner compensation as outlined in the staff report. Motion carried 4-0. Commissioner Ovall thanked staff for their work implementing this compensation. 6.3 State Affordable Housing Aid Disbursement Framework Mr. O’Neil presented the staff report. He asked the HRA to consider the four different fund "buckets" outlined in the staff report. He noted Habitat for Humanity is working towards forming a partnership with the Elk River High School where students at the high school would build a home to move to a lot chosen by Habitat for Humanity, and the city provide a portion of these funds to acquire the lot. This project would take place during the 2025-2026 school year. He reviewed the other three funding options. Commissioner Ovall asked if there was any loan documentation required to show this money was deployed since our loan volume is volatile. Mr. O'Neil stated it was possible; the HRA would have 4 years to spend the funds and documentation is required, returning unspent dollars from the state. He stated one caveat is if they were to deposit the funds into a housing trust fund; the state would consider those as spent funds and the HRA would not have to return them as unspent funds. Commissioner Beaudry noted it will be challenging to find a lot for the Habitat for Humanity house. Chair Chuba agreed. They both asked if the city would buy a home in tough shape and refurbish. Mr. O'Neil stated that was an option, noting both would be challenging. DRAFTPage 3 of 36