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HRA Meeting Minutes – Tuesday, February 17, 2009 Page 5 1 Quarterly updates and meeting with the City Council o 2 3 Motion: Member Pust moved, seconded by Member Elkins to approve the 2009 RHRA 4 Work Plan, as amended. 5 6 Ayes: 7 7 Nays: 0 8 Motion carried. 9 10 b. Approval of amendments to 2009 RHRA Budget 11 Executive Director Trudgeon reviewed proposed amendments to the 2009 RHRA Budget, 12 following action by the City Council at their December 2008 meeting adopting the final RHRA 13 Budget at $258,000. Mr. Trudgeon reviewed the year-end cash carryover in uncommitted 14 funds of $267,400; $10,500 more than originally estimated. 15 16 Mr. Trudgeon provided staff’s recommendations for minor adjustments to balance the 2009 17 budget, as proposed in the Request for HRA Action dated February 17, 2009, reducing printing 18 and advertising for the Home and Garden Fair; reallocation of $6,000 for professional services 19 to assist in a residential market analysis; and adding $4,900 in the General HRA Expenditures 20 to cover the costs for the RHRA Attorney. Mr. Trudgeon advised that the revised budget takes 21 into account the final revenue streams and balances and totals at $547,400. 22 23 Discussion included previously projected and recommended budget amounts versus the final 24 budget; rationale for staff’s proposed timing for the housing study, with the process planned 25 during the summer months, a preliminary report mid-year; and final report by year-end, with 26 Requests for Proposals (RFP’s) proposed for next quarter; and need for more thorough review 27 of fund availability to pursue the study. 28 29 Motion: Member Masche moved, seconded by Member Pust to approve 2009 RHRA 30 Budget Amendments as presented by staff. 31 32 Ayes: 7 33 Nays: 0 34 Motion carried. 35 36 11. Information Reports & Other Business (Verbal Reports by Staff and Board Members) 37 Various materials were distributed by staff as bench handouts, attached hereto and made a part 38 thereof. 39 a. Foreclosures and Down Payment Assistance 40 Executive Director Trudgeon noted the minimal increase in foreclosures in Roseville, based on 41 review of Sheriff’s Sale information. However, Mr. Trudgeon noted that four (4) or five (5) of 42 those identified in Roseville were actually in St. Paul proper, on the border, and not in 43 Roseville. Mr. Trudgeon further noted that some appeared in 2008 data, and were not actually 44 new foreclosures in 2009. Mr. Trudgeon advised that staff would further review the 45 information for more clarify and refinement to determine if there were clerical errors, or 46 confusion with first or second mortgages. However, Mr. Trudgeon estimated that there 47 appeared to be eleven (11) foreclosures in Roseville in 2008; and sixteen (16) recorded in 2009 48 to-date. Mr. Trudgeon noted the need to be cognizant of the increase; and their location 49 throughout the City, whether concentrated in one area or spread throughout the City. Mr. 50 Trudgeon advised that Ms. Kelsey had some information and ideas to bring before the HRA 51 related to foreclosed properties and the nationwide problem. 52 53 Housing Coordinator Jeanne Kelsey reviewed potential issues for RHRA consideration, 54 including impacts of foreclosures to code enforcement personnel and resources; programs 55 available, or coming available to offer down payment assistance for buyers to purchase