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HRA Board of Commissioners

Regular Meeting

South St. Paul, MN · March 4, 2019

AgendaMinutes

Minutes

5-A HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF SOUTH ST. PAUL BOARD OF COMMISSIONERS MINUTES SPECIAL MEETING MARCH 4, 2019 The Special Meeting of the Housing and Redevelopment Authority of the City of South St. Paul was held on March 4, 2019 in the South St. Paul City Hall Council Worksession Room. Chairperson Hansen called the meeting to order at 6:45 P.M. The following Commissioners were present: Sharon Dewey, Bill Flatley, Jimmy Francis, Joe Kaliszewski, Tom Seaberg and Chairperson Lori Hansen. Commissioner Forester was Absent. Staff was represented by: Ryan Garcia and Joel Hanson. Legal Counsel Tim Kuntz was present. APPROVAL OF AGENDA It was moved by Commissioner Flatley and seconded by Commissioner Seaberg to approve the agenda as presented. Motion carried. PUBLIC HEARINGS There were no public hearings. CONSENT AGENDA It was moved by Commissioner Francis and seconded by Commissioner Flatley to approve the Consent Agenda as follows: A. Approval of Minutes – Special Meeting – January 22, 2019 Motion carried 6 ayes / 0 Nays GENERAL BUSINESS A. Approval of Borrowing Resolution for Minnesota Housing Publically Owned Housing Program – Resolution 19-3326 Mr. Garcia presented Resolution 19-3326 as a final diligence item required by MHFA prior to closing on the POHP-PH loan for the elevator modernization project at John Carroll. Mr. Garcia advised that the loan was a forgivable loan if the property was maintained as an affordable housing property. HRA Special Meeting Minutes March 4, 2019 Page 2 of 2 It was moved by Commissioner Seaberg and Seconded by Commissioner Francis to approve Resolution 19-3326. Motion carried 6 ayes / 0 Nays ADJOURNMENT There being no further business to come before the Board it was moved by Commissioner Francis and seconded by Commissioner Kaliszewski to adjourn. Chairperson Hansen declared the meeting adjourned at 6:51 PM. Respectfully submitted, __________________________________ ______________________________ Bill Flatley, Secretary Lori Hansen, Chairperson Dated: ____________________________

Agenda

City of South St. Paul Housing and Redevelopment Authority Agenda Special Meeting Monday, March 4, 2019 2nd Floor Conference Room 6:45 P.M. 1. CALL TO ORDER: 2. ROLL CALL: 3. AGENDA: A. Approval of Agenda Action – Motion to Approve Action – Motion to Approve as Amended 4. PUBLIC HEARINGS: 5. CONSENT AGENDA: All items listed on the Consent Agenda are items, which are considered to be routine by the Economic Development Authority and will be approved by one motion. There will be no separate discussion of these items unless a Commissioner or citizen so requests, in which event the item will be removed from the consent agenda and considered at the end of the Consent Agenda. A. Approval of Minutes – Special Meeting – January 22, 2019 6. GENERAL BUSINESS: A. Approval of Borrowing Resolution for Minnesota Housing Publically Owned Housing Program – Resolution No. 19-3326 7. ADJOURNMENT: Respectfully Submitted, Ryan Garcia, HRA Executive Director HRA Agenda Report A Date: March 4, 2019 6-A HRA Executive Director: ____________ Agenda Item: Approval of Borrowing Resolution for Minnesota Housing Publically Owned Housing Program – Resolution No. 19-3326 Action to be considered: Motion to approve Resolution No. 2019-3326, a borrowing resolution for the Minnesota Publically Owned Housing Program. Overview: The Publicly Owned Housing Program (POHP) was first established by the Minnesota Legislature in 2005. POHP was established to provide assistance to Housing and Redevelopment Authorities (HRAs)/Public Housing Authorities (PHAs) that provide public housing to individuals and families. The purpose of POHP is to rehabilitate and preserve public housing units. POHP funds are provided in the form of a 20-year, deferred, forgivable loan to HRAs/PHAs that operate public housing. The South St. Paul HRA was notified of an award of $595,580 in POHP funding in May of 2018, and we have been working on due diligence to prepare for loan closing since that time. The funding will be utilized to undertake the elevator modernization project at the John Carroll building at 300 Grand Avenue West. As the Board will recall, the HRA accepted the low bid and awarded the contract for this project to Larson Elevator in January 2019. The funding requires 15% leverage (or match), which will be funded through our HUD Capital Fund. The attached resolution is a required document committing the HRA to accept and utilize the POHP funds in accordance with our loan agreement, and must be provided to MHFA prior to closing. We expect to close on the financing within the next 60 days. Source of Funds: POHP funds are provided as a deferred, forgivable loan. The 15% match will be sourced from the City’s HUD Capital Fund.

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