2007-08-21_Minutes - Laserfiche WebLink

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considered on an individual basis and that he would be sure to exhaust all other options before considering the use of these funds. The board also had a brief discussion about the lack of social service programs available to address many of the associated issues that often accompany code violation cases. Motion: Member Millasovich moved, seconded by Member Elkins, to approve a transfer of funds for supplies needed to correct the code violation at 2745 Hamline up to $100 from HRA Fund 723.00.73.00.0000.87.497000 to Code Enforcement Fund 260.02.56.17.0000.24.424000. Ayes: 6 Nays: 0 Motion carried. Motion: Member Masche moved, seconded by Member Maschka, to approve the administrative use of HRA funds up to $500 per case with a total annual budget of $2,500 to address code violations where the homeowner has no other financial resources to correct the violation such as income below 50% of the current area median income, is elderly or has a disability. The funds may be used based upon these criteria at the written request of the Permits Coordinator and administrative approval of the Community Development Director. The use of funds will then be reported on a quarterly basis along with the HRA quarterly report. Ayes: 6 Nays: 0 Motion carried. 9.Information Reports & Other Business (Verbal Reports by Staff and Board Members): a.Discuss HRA Recommendations for City of Roseville Imagine 2025 Goals Ms. Bennett summarized this item, noting that the City Council had requested feedback on the Imagine Roseville 2025 document from all city commissions. Ms. Bennett noted that the HRA held a special meeting on August 7, 2007 in part to discuss the Imagine Roseville 2025 document and the recommendations from that meeting will be forwarded to the City Council. b.Discuss Status of Housing Improvement Area - Westwood Village I Ms. Bennett provided an update on the status of the Housing Improvement Area (HIA) for Westwood Village I noting that Member Elkins, Finance Director Chris Miller and former Community Development Director John Stark met with Bremer Bank to discuss potential financing methods. As a result of that discussion, Bremer Bank submitted a letter to Mr. Miller detailing their terms for loaning funds to the city. Ms. Bennett indicated that the letter would be reviewed by the City’s Bond Council and then brought before the City Council for discussion. Ms. Bennett also suggested that the HRA consider requiring associations that seek this type of funding to create a financial plan to demonstrate their ability to manage and repay said funds. Member Pust wondered if Bremer Bank had any loan programs that did not require city participation. Member Elkins noted that the association has no assets; therefore the bank is hesitant to provide a loan without that guarantee. Ms. Bennett also noted that the collateral issue would be very difficult to resolve in a private loan. If it could be overcome, the loan term would be no more than seven years with an interest rate much higher than what the city would charge. Member Masche noted that the presence of city staff at the Bremer Bank meeting indicated to the bank its willingness to make progress. Member Masche noted that Westwood Village I was