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HRA Meeting Minutes – Tuesday, April 21, 2015 Page 5 1 Member Etten noted rising housing values currently occurring; and suggested staff 2 development of parameters that would allow for some flexibility for those changes in valuation 3 while maintaining the goals of the loan program. 4 5 At the request of Member Wall, City Manager Trudgeon reviewed how Ramsey County 6 arrived at estimated market values, and increases that will occur beginning Payable 2016, and 7 clarified that market value, not appraised value, was used in determining qualifying properties 8 for the loan program. 9 10 Member Wall noted the minimal difference in the current median home value of $217,300 and 11 the $219,000 estimated market value of this property; opining that it shouldn’t require 12 spending significant time in making a decision. 13 14 Motion: Member Masche moved, seconded by Member Etten to approve the requested 15 deviation to the maximum estimated market value requirement for the Roseville Home 16 Improvement Loan Program for the applicant located at 557 Woodhill Drive, as detailed 17 in the staff report dated April 21, 2015. 18 19 Ayes: 7 20 Nays: 0 21 Motion carried. 22 23 Further discussion ensued on a policy and guidelines moving forward for the Home 24 Improvement Loan Program, including parameters for home and/or income values; marketing 25 to a target market and how to determine that market; definitions around what that target market 26 is for the HRA with this program to avoid any subjectivism; and a review of previous meeting 27 minutes to review the HRA’s rationale and import for how to address the future policy. 28 29 City Manager Trudgeon confirmed the HRA’s interest in staff developing a percentage 30 deviation based on income and confirmed market value to be used to determine a value that 31 was understandable and agreeable for the entire HRA. 32 33 Member Lee recommended clear guidelines to determine when the HRA (government) should 34 become involved in granting loans, since the current MHFA and market rate home equity loans 35 are available at a 3% interest rate. 36 37 Chair Maschka noted the need to include this on the list of potential items for the strategic 38 planning exercise; and asked individual members to provide their input to staff to incorporate 39 into that last of discussion items as it pursued this planning process and defined the HRA’s 40 role. 41 42 b.Staffing Update 43 City Manager Trudgeon addressed impacts of reduced staffing in the Community 44 Development Department, specifically the HRA Executive Director until her return June 1, 45 2015. Mr. Trudgeon provided an update beyond that included and detailed in the staff report, 46 and including those programs and day-to-day activities continuing even during her absence as 47 they’re absorbed by other staff in the department. Mr. Trudgeon provided those updates as 48 follows: 49 HRA-sponsored community workshops continued at the Ramsey County Library – 50 Roseville Branch, with two held in April and available via cable access. 51 Staff continues to work with GMHC and Western Bank staff on the Dale Street 52 Development project as revised, with drafting underway for a Preliminary Development 53 Agreement for approval by the City Council in May, and neighborhood meetings planned 54 by the GMHC between May 4 – 12, 2015 to be held at King of Kings Lutheran Church, 55 immediately across from the development site.