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HRA Meeting Minutes – August 16, 2011 Page 3 1 Executive Director Trudgeon noted that the funds were limited and only helped with gap 2 financing, but could not fully fund a project. Mr. Trudgeon advised that the City of Roseville 3 had been successful to-date in being awarded those funds; especially when the funds were 4 intended for use on applicable projects that provided for affordable housing and provided 5 transit positive projects in urban suburbs, for which Roseville had been successful in 6 qualifying. 7 8 Chair Maschka questioned the implications if the City did not achieve Metropolitan Council 9 goals. 10 11 Executive Director Trudgeon advised that the Metropolitan Council could withhold funding to 12 the City in such a situation; however, he didn’t anticipate that Roseville would not achieve 13 their goal, as long as bona fide projects were completed. 14 15 Housing Manager Kelsey noted that staff was required to provide an annual report to the 16 Metropolitan Council, providing those completed or pending projects; and noted that the 17 projects were not counted by the Council until they came to fruition, but provided the Council 18 with an intent by the City to achieve its goals. Ms. Kelsey advised that, to-date the City or 19 Roseville was meeting the Metropolitan Council’s goals based on the City’s various housing 20 efforts to-date. 21 22 10.Information Reports and Other Business (Verbal Reports by Staff and Board Members) 23 24 a.Discussion of the Joint Meeting with the City Council July 25, 2011 25 Chair Maschka briefly reviewed the discussion held with the City Council by he and Member 26 Masche; and expressed his interest in the HRA having another opportunity to hold further 27 discussions with the City Council at the September long-range planning meeting. 28 29 Member Masche concurred, and expressed his enthusiasm in a more informal work session 30 opportunity in September to discuss objectives of the City Council. 31 32 Housing Manager Kelsey reiterated Executive Director Trudgeon’s invitation, and encouraged 33 all available HRA Board members to attend. 34 35 b.Foreclosure Map 36 Housing Manager Kelsey provided a verbal update summary of foreclosures currently at 50 in 37 2011 versus 42 for the 2010 year, based strictly on Sheriff Sale information. Ms. Kelsey noted 38 that the entire metropolitan area was seeing no upticks in foreclosures, and opined that they 39 seemed to be stabilizing. The findings of eight (8) more foreclosures in 2011 to-date than the 40 total for 2010, Ms. Kelsey opined may simply be a timing issue. 41 42 Chair Maschka concurred, opining that it was based on jobs. 43 44 Housing Manager Kelsey concurred, noting that the home values for foreclosures now being 45 seen were in the $200,000 or over range. 46 47 Executive Director Trudgeon opined that, while there was an increase in 2011 foreclosures 48 versus the total in 2010, the percentage of foreclosures compared to overall housing stock in 49 Roseville was minimal compared to other communities. Mr. Trudgeon did note, however, that 50 staff was still seeing more code enforcement issues with foreclosed homes. Mr. Trudgeon 51 advised that staff was becoming more adept at finding bank management that was available to 52 assist the City in addressing those code enforcement situations; and advised the HRA Board 53 that staff would continue to monitor the properties and make various parties aware of available 54 assistance depending on their specific situations. 55