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Minutes Housing Trust Fund 9 7 07MINUTES OF THE HOUSING COMMISSION TRUST FUND COMMITTEE DATE: Friday, September 7, 2007 TIME: 7:30 a.m. PLACE: Housing and Community Development Department 1805 Central Avenue, Dubuque IA 52001 Chairperson Jim Holz called the meeting to order at approximately 7:30 a.m. following staff assurance of compliance with Iowa Open Meeting Law. Committee Members Present: Doris Hingtgen Char Eddy John Walsh Jim Holz Dorothy Culbertson Staff Present: David Harris Correspondence /Public Input None Joleen Patterson Lisa Barton Certification of Minutes: 25 July, 2006 Trust Fund Committee Meeting Doris Hingtgen moved to approve the 25 July, 2006 Housing Trust Fund meeting minutes. Char Eddy seconded. Roll Call. John Walsh and Dorothy Culbertson -Abstained. All others present in favor. Motion passed. Certification of Minutes: 29 January, 2007 Trust Fund Committee Meeting John Walsh moved to approve the 29 January, 2007 Housing Trust Fund meeting minutes. Doris Hingtgen seconded. Roll Call. Dorothy Culbertson and Char Eddy -Abstained. All others present in favor. Motion passed. Old Business None New Business Expiring Commissioner Terms/Re-appointments Dorothy Culbertson was seated as a member of the Housing Trust Fund Committee. Dorothy's term will extend through September 8, 2009, replacing Harry Neustadt on the Committee. Jim Holz and Char Eddy volunteered to continue to serve as Housing Commission Representatives on the Committee. This will be placed on the September Housing Commission agenda. The Committee will recommend to Council to re-appoint John Walsh as an at-large representative to the Trust Fund Committee. Doris Hingtgen moved to approve the re-appointment of John Walsh. Char Eddy seconded. Roll Call. John Walsh - Abstain. All others present in favor. Motion passed. Request from Four Mounds Foundation: Renegotiation of HEART Contract Chris Olson, Executive Director of Four Mounds was in attendance to ask the Committee to release $33,333.33 from the HEART/Housing Trust Fund grant obligation. After lengthy discussion, Jim Holz requested a motion to table making a decision until an accepted offer to purchase the property has been obtained. Doris Hingtgen motioned to table the renegotiation of the HEART contract. Dorothy Culbertson seconded. Roll Call. John Walsh -Abstain. All others present in favor. Motion passed. Request from Iowa Finance Authority: Signatory Authorization for Staff IFA is requesting the Chair's signature or an authorized staff person to sign documents: John Walsh motioned to approve authorization for Joleen Patterson, Rehabilitation Supervisor, to sign future documents. Doris Hingtgen seconded. All others present in favor. Motion passed. Request for Consideration: Modification of IFA Trust Fund Grant for Washington Neighborhood Lending Program Our 2005 IFA Trust Fund grant for the Washington Neighborhood specified that 30% of the $163,335 awarded was committed to rental rehab projects and 70% to Homeowner projects. Of the $114,335 available for Homeowner projects, 97% has been expended. No applications have been received for rental rehab loans to date. Jim Holz requested a motion to approve the use of the 2005 IFA rental portion for either Rental or Homeowner projects, whichever application is submitted first to expedite expenditure. Doris Hingtgen seconded. All others present in favor. Motion passed. Discussion: Balance of Current CDBG Funds in Trust Fund Account We have approximately $47,000 in unencumbered Trust Funds (CDBG) for support of the Washington Neighborhood. Discussion was held and Jim Holz suggested that the Committee wait for recommendation from the Washington Revitalize! Visioning process before making any decisions for reallocation of the Trust Funds. Current Funding Opportunity: FY07 IFA Housing Trust Fund Grant Competition The new IFA Trust Fund application has been published and is due on October 1, 2007.. Michelle Michalakis, from Manasseh House, attended the meeting with an idea regarding a project to help mentally ill /substance abused grant women. John Walsh recommended that Michelle research the project and bring back detailed information to the Committee. Jim Holz suggested we apply for the IFA Trust Fund grant for the Washington Neighborhood. Doris Hingtgen motioned to approve the submission of the application for funding of the Washington Neighborhood program. John Walsh seconded. Roll Call. Dorothy Culbertson -Abstain. All others present in favor. Motion passed Status Report: Step by Step Trust Fund Project David Harris gave an updated status report on the Step by Step funding and reported that Portzen Construction was hired as a project manager. Information Sharing Doris mentioned that five of the MAHP town homes at Eagle Valley have been sold. Four Oaks requested a variance from the Zoning Board of Adjustment to build the remaining two units facing Stellar Eagle Street. This was approved. Committee members would like to attend the upcoming Growing Sustainable Communities program /luncheon on Wednesday, September 26; Lisa will register them accordingly. Per their request, Lisa will also register Char Eddy and Doris Hingtgen for the Iowa League of Cities Conference September 26-28, 2007 in Dubuque. Adjournment There being no further business to come before the Committee, Char Eddy moved to adjourn. Doris Hingtgen seconded. Meeting was adjourned at 9:00 a.m. Minutes taken by: Lisa Barton Housing Secretary Respectfully submitted by: ~~ avid Harris Department Director