Title
Approval of the June 12, 2013 HRA meeting minutes.
Body
ROLL CALL
Present: Commissioners Bostrom, Brendmoen, Carter, Lantry, Stark, Thune, Tolbert
CONSENT
1. Approval of the May 22, 2013 HRA meeting minutes.
Commissioner Lantry pulled this item from the consent agenda and moved approval of the amended minutes.
VOTE: Yeas - 7 Nays - 0
2. Resolution Approving and Authorizing the Assignment, Assumption, Modification and Subordination of an Existing HRA Loan in the Amount of $600,000 and a new CDBG Loan in the Amount of $250,000.00 for St. Albans Park Project, District 8, Ward 1
Commissioner Lantry moved approval. Approved as set forth in resolution RES 13-842.
VOTE: Yeas - 7 Nays - 0
PUBLIC HEARING
3. Resolution Approving the Sale of Land and Conveyance of Parcel 723 Jenks Avenue under the ISP/NSP Program, Payne-Phalen, District 5.
Ms. Cecile Bedor, Executive Director for the HRA, stated that the HRA purchased 723 Jenks in December 2011 with NSP funds for $44,500. This foreclosed, two-story, 1,500 square foot home, with three bedrooms and bathrooms, was built in 1907. The property is being sold to Sarah Nelson based on the after-rehab appraisal and in consideration of NSP costs for $172,500, with an owner-occupancy deed restriction. Total gap assistance is $138,654; program income is estimated at $155,000.
Chair Thune announced the public hearing. There being no testimony, Commissioner Bostrom moved to close the public hearing and approve the resolution.
VOTE: Yeas - 7 Nays - 0
4. Resolution Approving the Sale of Land and Conveyance of Parcel 732 Maryland Avenue E. under the ISP/NSP Program, Payne-Phalen, District 5.
Ms. Bedor stated that the HRA purchased 732 Maryland in September 2009 for $6,375. This foreclosed, two-story, 2,185 square foot home, with four bedrooms and two bathrooms, was built in 1913. The property is being sold to Ying Vang and Sao Xiong based on the after-rehab appraisal and in consideration of NSP costs fo...
Click here for full text