[0:28] LOOKED AT MY CALENDAR THE TUESDAY, JUNE 24TH, 2025 H.R. A BOARD MEETING. [0:34] FIRST ITEM ON THE AGENDA IS THE APPROVAL OF THE AGENDA. [0:42] ANY EDITS OR CHANGES? NOTE MAY I HAVE A MOTION TO APPROVE SOME MOVED MOTION BY WHO CAME SECOND BY DOUBLING [0:49] FOR ANY DISCUSSION? ALL IN FAVOR? I MOTION PASSES 720. [0:56] NEXT IS THE APPROVAL OF THE MINUTES OF THE MAY 27TH 2025 [1:03] HRA BOARD MEETING MINUTES. ARE THERE ANY EDITS OR CHANGES [1:10] ? HMM. MAY I HAVE A MOTION TO APPROVE THE MINUTES SO MOVED MOVED BY DOUBLING HER TIME AND SECOND [1:17] BY COMMISSIONER MUIR. ALL IN FAVOR? I MOTION PASSES 7 TO 0. [1:24] OUR NEXT ORGANIZATIONAL BUSINESS IS APPROVE AGREEMENT AND APPOINTMENT FOR BOND COUNCIL AND TERMINATION [1:32] OF INTERIM AGREEMENT MAY WE HAVE THE STAFF REPORT. GOOD EVENING MR. PRESIDENT AND [1:40] COMMISSIONERS KENNEDY AND CRAVEN HAD BEEN OUR BOND COUNSEL FOR MANY YEARS AND THEY HAD A POCKETFUL OF STAFF [1:47] THAT DID THESE AUDITS AND THEY MOVED OVER TO ALL SIX OF THEM. MOVE OVER TO Q TECH ROCK AND [1:55] SO FOR A WHILE WE'VE HAD AN INTERIM AGREEMENT WITH Q TECH ROCK THE CITY WENT OUT FOR RFP AND RECEIVED FOUR PROPOSALS. [2:00] WE REVIEWED THOSE PROPOSALS AND SELECTED TO PICK ROCK FOR OUR BOND TO COUNCIL. [2:06] SO THE AGENDA ITEM BEFORE YOU IS TERMINATING THE INTERIM AGREEMENT ACCEPTING CELTIC [2:15] ROCK IS OUR NEW BOND COUNCIL AND APPOINTING Q TECH ROCK AS THEIR BOND COUNSEL. SO THOSE ARE THE THREE PIECES THAT ARE IN YOUR AGENDA ITEMS [2:21] . ANY QUESTIONS? ALL RIGHT. SO I NEED A MOTION TO NAME Q [2:30] TALK ROCK AS CHERRY'S BOND COUNCIL AND TO APPROVE THE [2:37] RELATED AGREEMENT WITH KU TACK ROCK LLP AND THE TERMINATION OF THE RELATED INTERIM AGREEMENT WITH TACK ROCK FOR [2:44] THE SAME SERVICES SO MAY HAVE A MOTION SO MOVED MOVED BY CARTER. [2:50] SECOND AND SECOND BY COMMISSIONER WHO CAME ANY DISCUSSION ALL IN FAVOR I [2:58] MOTION PASSES SEVEN ZERO THANK YOU RIGHT MOVING RIGHT ALONG. [3:06] NEXT IS THE H R 2024 AUDIT PRESENTATION. [3:12] THANK YOU. GOOD EVENING [3:19] . HI MY NAME IS ANDY HEARING FROM RED BATH AND COMPANY I'M [3:25] HERE TO PRESENT THE RESULTS OF THE 2024 AUDIT. WE COMPLETED THE AUDIT FOR A [3:31] WEEK AND A HALF AGO NOW I BELIEVE PRESENTED THE RESULTS TO THE CITY COUNCIL. THE PORT AUTHORITY AND NOW THE [3:38] HRA BOARD. THE AUDIT IS CONDUCTED FOR ALL OF THOSE ENTITIES AT THE SAME [3:43] TIME SO IT'S IT'S ONE AUDIT FOR ALL THREE OF THOSE ENTITIES TOGETHER BUT THEY [3:49] EACH OF COURSE HAVE DIFFERENT APPLICABLE PORTIONS TO EACH ENTITY SO I'M HERE TO PRESENT [3:58] THE RESULTS. THERE'S FIVE REPORTS THAT GET ISSUED AS PART OF THE AUDIT [4:03] THE OPINION ON THE FINANCIAL STATEMENTS, A REPORT ON INTERNAL CONTROLS, A REPORT ON [4:09] LEGAL COMPLIANCE AT THE STATE LEVEL, A REPORT ON COMPLIANCE AT THE FEDERAL LEVEL AND THEN A COMMUNICATION LETTER TO [4:16] THOSE CHARGED WITH GOVERNANCE. SO A QUICK SNAPSHOT OF THE RESULTS AND UNMODIFIED OR [4:23] CLEAN OPINION WAS ISSUED. THERE WERE NO INTERNAL CONTROL FINDINGS, NO LEGAL COMPLIANCE [4:31] FINDINGS. THERE WERE FOUR FINDINGS RELATED TO FEDERAL COMPLIANCE WHICH ARE I'LL EXPLAIN MORE [4:37] IN A FEW MINUTES. AND THEN JUST STANDARD COMMUNICATIONS TO THE HRA COMMISSIONERS THE GOVERNING [4:42] BODY AND LOOKING BACK TO 2023 [4:49] THE THE THE THE CITY THE HRA, [4:54] THE PORT AUTHORITY ALL COME TOGETHER TO COMPILE THE CITY'S HRA PORT AUTHORITY'S FINANCIAL [5:01] STATEMENTS. THOSE FINANCIAL STATEMENTS ARE SUBMITTED TO THE GOVERNMENT FINANCE OFFICERS ASSOCIATION TO BE ESSENTIALLY GRADED FOR [5:09] TRANSPARENCY AND CONSISTENCY WITH ACCOUNTING STANDARDS AND ONCE AGAIN FOR THE 53RD [5:15] CONSECUTIVE YEAR THE CERTIFICATE OF ACHIEVEMENT AND EXCELLENCE FOR FINANCIAL REPORTING AWARD WAS RECEIVED. [5:26] SO LOOKING AT THE AUDIT TO THE FINANCIAL STATEMENTS, WHAT WE DO OUR RESPONSIBILITY IS TO VERIFY THE FINANCIAL [5:33] STATEMENTS AND DISCLOSURES ARE FAIRLY STATED IN ACCORDANCE WITH GAAP OR A GENERALLY ACCEPTED ACCOUNTING PRINCIPLES [5:40] AND ARE FREE FROM MATERIAL MISSTATEMENT. HOW DO WE DO IT? WE WE LOOK FOR OCCURRENCE [5:45] COMPLETENESS ACCURACY CUT OFF CLASSIFICATION SO OCCURRENCE LOOKING AT WHAT HAS BEEN [5:52] RECORDED AND MAKE SURE ALL OF THOSE ITEMS OCCURRED AND PERTAIN TO THE HRA FOR EXAMPLE CASH AND REVENUES VERIFYING [6:00] ITS CASH AND REVENUES OF THE HRA ARE COMPLETENESS. VERIFYING EVERYTHING THAT SHOULD BE RECORDED HAS BEEN [6:08] RECORDED AND THEN ACCURACY CUT OFF CLASSIFICATION VERIFYING AMOUNTS ARE RECORDED IN THE CORRECT ACCOUNTS AND THE [6:15] CORRECT FUNDS IN THE CORRECT YEAR THAT SORT OF THING. WE USE A VARIETY OF AUDIT TECHNIQUES FROM ANALYTICAL PROCEDURE OR WE'RE LOOKING AT [6:24] RELATIONSHIPS TO TRACE INTO INVOICES IN QUERY OF VARIOUS [6:30] STAFF VERIFYING WE GETTING CONSISTENT ANSWERS. SO THAT'S HOW WE CONDUCT THE [6:38] AUDIT AND ONCE AGAIN THE RESULT WAS A UNMODIFIED OR A CLEAN OPINION ON THE FINANCIAL STATEMENTS. THEN A FEW RISKS THAT WE'RE [6:46] ALSO LOOKING AT IS BIG MORE OVERARCHING RISKS IN GENERAL RISKS RELATING TO MANAGEMENT [6:53] OVERRIDE OF CONTROLS IF ONE PERSON WERE TO ATTEMPT TO CIRCUMVENT INTERNAL CONTROLS [7:00] IN PLACE THERE'S ALWAYS A RISK OF INAPPROPRIATE DISBURSEMENTS WHETHER THAT BE INTENTIONAL OR [7:08] UNINTENTIONAL BUT DEFINITELY A RISK THAT THE PUBLIC FUNDS MAY BE INAPPROPRIATELY SPENT. SO WE'RE PAYING CLOSE [7:15] ATTENTION TO THAT. AND THEN THE THIRD THERE'S A LITTLE MORE TECHNICAL NATURE IF THERE'S AN EXPANDED CHORE [7:21] DRIVEN GRANT MAKING SURE THE REVENUES AND THE EXPENSES ARE RECORDED IN THE SAME PERIOD APPROPRIATELY THOSE ARE AGAIN [7:29] OVERARCHING RISKS AND THOSE ARE RISKS THAT WE IDENTIFY FOR ALL GOVERNMENTAL AUDITS WE CONDUCT. [7:37] SO NOTHING SPECIFIC RELATING TO THE HRA BUT WE ARE LOOKING AT THOSE RISKS AS WE CONDUCT [7:42] AND PLANNER AUDIT. WE DID NOT NOTE ANYTHING AS A RESULT OF REVIEWING AND [7:49] PERFORMING THE TASK RELATING TO THOSE RISKS BUT SO THE NEXT [7:56] REPORT IS A REPORT ON INTERNAL CONTROLS OR THE POLICIES AND PROCEDURES OF THE HRA. WE GAIN AN UNDERSTANDING [8:04] OF THE CONTROLS IN ORDER TO DO THAT IN ORDER TO DESIGNER AUDIT PROCEDURES. EXAMPLES OF CONTROLS, APPROVAL [8:11] OVER DISBURSEMENTS APPROVAL OVER BANK RECONCILE THE ATIONS MAKING SURE THERE'S AN IDEAL SEGREGATION OF DUTIES SO THAT [8:19] NO ONE PERSON HAS TOO MUCH RESPONSIBILITY IN ANY GIVEN AREA. AND THEN ON THE BACK END A [8:27] REVIEW OF FINANCIAL INFORMATION SHOULD BE OCCURRING TO DETECT ANY ERRORS IN FINANCIAL REPORTING. [8:34] SO THE RESULTS NO FINDINGS RELATED TO INTERNAL CONTROLS [8:40] AND BAXTER IS A REPORT ON STATE LEGAL COMPLIANCE. THERE'S A GUIDE THAT THAT THE [8:48] STATE AUDITOR ISSUES OF SEVEN SECTIONS THAT WE COMPLETE AS PART OF THE AUDIT AS YOU CAN SEE THEY'RE LISTED THERE [8:56] RELATING TO DEPOSITS AND INVESTMENTS FOR EXAMPLE THERE'S A SECTION ON DISBURSEMENTS AND TAX [9:01] INCREMENT FINANCING AS WELL AS A MISCELLANEOUS PROVISION SECTION. [9:08] SO THESE ARE ALL STATUTES THAT THE STATE AUDITOR FEELS SHOULD BE TESTED AS PART OF THE AUDIT. SO WE DO THAT AND THE RESULT [9:15] NO STATE LEGAL COMPLIANCE FINDINGS NEXT A REPORT ON [9:23] FEDERAL COMPLIANCE ANY TIME AN ENTITY RECEIVES AND MORE AND EXPENDS MORE THAN $750,000 [9:31] IN FEDERAL FUNDS IN A YEAR THERE'S A IT'S COMMONLY COMMONLY REFERRED TO AS A SINGLE AUDIT IS PERFORMED AN [9:39] AUDIT OF FEDERAL EXPENDITURES AND DIFFERENT PROGRAMS ARE SELECTED EACH YEAR AS PART [9:46] OF THAT SINGLE AUDIT SOMEWHAT DETERMINED OR A LOT DETERMINED ON THE SIZE OF A PROGRAM THE [9:53] RISK OF THE PROGRAM AND THE LAST TIME IT WAS AUDITED. SO FOR 2024 THERE WERE THREE [9:59] MAJOR PROGRAMS TESTED THAT'S IS THE LANGUAGE THAT'S USED THE AMERICAN RESCUE PLAN ACT [10:07] DOLLARS CDBG AND SECTION EIGHT HOUSING CHOICE VOUCHERS. SO AGAIN WE GAIN AN [10:14] UNDERSTANDING OF THE INTERNAL CONTROLS AND COMPLIANCE REQUIREMENTS OVER THE PROGRAM IN ORDER TO DESIGN OUR TESTS. [10:23] HOW DO WE DO IT? WE TEST A SAMPLE OF FEDERAL EXPENDITURES FOR COMPLIANCE AND REVIEW OTHER AREAS TO SEE [10:31] IF THERE ARE ANY CONTROL DEFICIENCIES. AND HERE'S WHERE WE HAD THE FOUR FINDINGS FOR 2020. [10:38] FOR THE FIRST ONE RELATED TO THE ARPA PROGRAM, THERE'S A REQUIREMENT FOR WHEN A [10:45] CONTRACTOR IS USED BEFORE FINALIZING THE AGREEMENT WITH THAT CONTRACTOR. [10:53] SO THE FEDERAL GOVERNMENT KEEPS A LIST OF SUSPENDED AND DEBARRED CONTRACTORS AND THERE NEEDS TO BE A CHECK TO MAKE [11:01] SURE THE CONTRACTOR USED IS NOT ON THAT LIST AND THAT CHECK WAS NOT PERFORMED [11:07] IN 2020. FOR NOW THE ACTUAL CONTRACTOR WAS NOT ON THAT LIST THANKFULLY, BUT THERE STILL [11:14] NEEDS TO BE THAT CHECK THAT SHOULD HAVE BEEN PERFORMED. THE SECOND RELATING TO CDBG [11:22] THERE ARE TWO REPORTS AS THIS PR 26 AND PR 29 REPORTS THAT GETUBMITTED TO THE [11:29] DEPARTMENT OF HOUSING AND URBAN URBAN DEVELOPMENT. THERE SHOULD IDEALLY BE A REVIEW OCCURRING ON THOSE [11:38] REPORTS TO MAKE SURE THAT THEY'RE COMPLETED ACCURATELY. A SECONDARY REVIEW WAS NOT BEING PERFORMED AND ACTUALLY [11:45] TWO OF THE REPORTS DID CONTAIN ERRORS. NOW THERE'S THE THAT THE ERRORS WERE FIXED IN SUBSEQUENT REPORTING [11:53] PERIODS. SO THERE'S NOT LIKE THERE'S A PENALTY OR A LOSS OF FUNDING AS A RESULT IN THOSE ERRORS. NOTHING MAJOR WAS REPORTED [12:00] INAPPROPRIATELY BUT THERE WERE TWO ERRORS THAT WERE DETECTED. THE THIRD FINDING ALSO RELATED [12:08] TO CDBG THERE SHOULD BE ENVIRONMENTAL REVIEWS CONDUCTED FOR THE PROJECTS [12:16] THAT WERE SELECTED AND WE TESTED FOUR PROJECTS AND TWO OF THEM THE REVIEWS WERE [12:23] COMPLETE AND FOR TWO OF THEM ACTUALLY ONE WAS THEN INCOMPLETE AND ONE WAS MISSING. [12:29] SO TWO OUT OF THE FOUR WERE NOT IN COMPLIANCE. AND THEN LASTLY RELATING TO SECTION EIGHT, THERE IS A [12:37] CHECKLIST THAT'S COMPLETED TO HELP DETERMINE ELIGIBILITY FOR FOR THE HOUSING CHOICE VOUCHERS PROGRAM AND THAT [12:45] CHECKLIST WAS NOT BEING USED IN 2020 FOR. SO THAT'S AN AID TO ASSIST [12:52] IN ELIGIBILITY THAT IS BENEFICIAL TO TO BE USED TO DETERMINE ELIGIBILITY. [12:57] SO THERE AS A RESULT OF THESE FINDINGS THERE'S A CORRECTIVE [13:03] ACTION PLAN WAS WRITTEN BY STAFF ADDRESS IN EACH FINDING HOW THEY ARE ALL ADDRESSED AND [13:11] ACCORDING TO THIS CORRECTIVE ACTION PLAN THEY HAVE ALL BEEN ADDRESSED IN 2025 SO MAYBE BEFORE FINISHING MY [13:19] PRESENTATION I'LL TAKE A QUICK PAUSE HERE TO SEE IF YOU HAVE ANY QUESTIONS ON THESE FINDINGS OR IF YOU WANTED TO [13:27] MAKE ANY COMMENTS. DOES ANYONE HAVE QUESTIONS OR COMMENTS? [13:33] COMMISSIONER OR COMMISSIONER OH MY GOODNESS. ADMINISTRATOR I JUST GOT A PROMOTION. >> I SEE. [13:41] I JUST WANTED TO WALK THROUGH THE THE THESE FINDINGS NOTE THE ACTIONS THAT WE'VE TAKEN [13:46] MOVING FORWARD FROM HERE. SO THIS FIRST CDBG ITEM SOME OF THESE SOME OF THE ISSUE [13:52] HERE IS THAT THE SYSTEM WE USE THROUGH HUD IS GENERATING SOME ERRORS IN ITS REPORTS AND SO [13:59] WE HAVE IMPLEMENTED A SECONDARY REVIEW. SO FROM NOW WE'LL HAVE TWO PEOPLE REVIEWING THESE REPORTS. WE'RE ALSO GOING TO BE REACHING OUT TO HUD TO TALK [14:06] ABOUT SOME OF THE AREAS THAT ARE BEING GENERATED. IT'S NOT ACCOUNTING FOR PROGRAM INCOME CORRECTLY, JUST SOME VARIOUS LIKE VERY SPECIFIC DETAILS ON HOW THOSE [14:13] ARE WORKING THAT WE WANT TO WORK WITH THEM ON THE SECOND ONE ON ENVIRONMENTAL REVIEWS I WILL NOTE THAT, YOU KNOW, [14:21] SINCE WE HAD WE HIRED A NEW ASSISTANT ADMINISTRATOR IN DECEMBER OF LAST YEAR A BIG PROJECT HAS BEEN KIND [14:29] OF WORKING THROUGH A PROCESS CHECKLIST. WE DID HAVE A LOT OF TRANSITION FOR STAFF THIS YEAR FOR THE HRA AND SO WE'VE BEEN WORKING REALLY HARD TO [14:36] HAVE PROCESS DOCUMENTS, CHECKLISTS, THINGS LIKE THAT TO MAKE SURE THAT WE'RE GOING THROUGH AND IMPLEMENTING ALL OF THESE THINGS. [14:41] WE'RE ALSO IMPLEMENTING A NEW SOFTWARE THAT WILL HELP US MAKE SURE WE'RE WE'RE COMPLETING ALL OF THOSE CHECK ON A RACK FOR EVERY EVERY LOAN [14:49] THAT WE ISSUE. AND THEN FINALLY FOR THE SECTION EIGHT TENANT FILE CHECKLIST, THIS WAS AN ISSUE WE HAD IMPLEMENTED A NEW [14:55] SOFTWARE THAT WAS DOING SOME VERIFYING OF SOME OF THESE THINGS THAT WE USUALLY DO MANUAL AUDITS ON AND SO WHEN WE IMPLEMENTED THE NEW SOFTWARE WE STOPPED DOING THE [15:03] MANUAL STAFF AUDITS BUT WE DID NOTICE THIS ISSUE AND CORRECT IT. WE'RE NOW DOING THE MANUAL STAFF AUDITS IN ADDITION TO USING CONTINUING TO USE THE [15:09] SOFTWARE SO MOST OF THESE ISSUES WERE THINGS THAT WE WERE AWARE OF AND WE TOOK CORRECTIVE ACTIONS EVEN BEFORE [15:15] THE REDPATH AUDIT AND WE'LL CERTAINLY BE MOVING FORWARD. WE'LL BE IMPLEMENTING THESE THINGS FOR THE FUTURE. [15:20] SO I THANK YOU. ANY ADDITIONAL QUESTIONS OR COMMENTS? [15:26] OKAY. PLEASE CONTINUE. THANK YOU. ALL RIGHT THEN THE LAST REPORT IS A IT'S A FAIRLY BASIC [15:34] REPORT OR MORE OF A LETTER OF REQUIRED COMMUNICATIONS FROM THE AUDITOR TO THE COMMISSIONERS. [15:41] IT DOES HIGHLIGHT THERE THERE WAS ONE NEW ACCOUNTING STANDARD THAT WAS IMPLEMENTED. IT RELATES TO COMPENSATED ABSENCES OR ACCRUED VACATION [15:50] AND SICK AND DOESN'T REALLY APPLY TO THE HRA BECAUSE THE ALL OF THE PAYROLL IS OVER ON [15:57] THE CITY SIDE THERE ARE A FEW ESTIMATES ON THE FINANCIAL STATEMENTS NOT NOTHING TOO SIGNIFICANT AND THE HRA SIDE [16:05] ONE ESTIMATE IS THE VALUE OF LAND HELD FOR RESALE. IF IT WAS THOUGHT THAT THAT [16:12] VALUE OR THE THE RESALE VALUE WAS LESS THAN IN THIS CASE [16:20] 871,000 YOU WOULD HAVE TO WRITE DOWN THE VALUE OF THE LAND TO WHAT YOU BELIEVED YOU COULD SELL IT FOR. BUT THE BELIEF IS THAT NO, [16:27] THERE DOES NOT NEED TO BE A WRITE DOWN. I'M HAPPY TO REPORT NO DIFFICULTIES ENCOUNTERED OR NO [16:35] DISAGREEMENTS WITH ANYBODY AS PART OF THE AUDIT I YES WE DID HAVE THOSE FOUR FINDINGS BUT EVERYBODY WAS VERY OPEN ABOUT [16:43] THEM AND WAS WILLING TO WORK WITH US SO THERE WAS NO CONTENTION OR ANYTHING WITH [16:50] RELATING TO THOSE FINDINGS AND AND LASTLY, NO MATERIAL MISSTATEMENTS WERE DETECTED AS [16:56] PART OF OUR PROCEDURES. TWO LAST SLIDES JUST HITTING [17:04] ON THE SUMMARY OF FINANCIAL INFORMATION, JUST A BIG PICTURE STANDPOINT FROM 2024 FUND BALANCE DID INCREASE [17:13] ABOUT $2.1 MILLION OVERALL THERE WAS A $1.3 MILLION [17:18] TRANSFER FROM GOVERNMENTAL FUNDS OVER TO THE ENTERPRISE FUNDS FOR IMPROVEMENTS AND [17:25] THAT IS HIGHLIGHTED AT ONE OF THESE HERE. SO LET'S SEE IT'S MY SECOND [17:32] BULLET IN TOTAL ABOUT $1.1 MILLION OF IMPROVEMENTS AND RENOVATIONS WERE MADE TO HRA [17:38] PROPERTIES DURING 2020 FOR THERE WAS A $3.4 MILLION LOAN [17:44] PROVIDED TO A PROJECT AT 700 AMERICAN BOULEVARD. [17:49] ABOUT 1.6 MILLION REMAINS OUTSTANDING AND 2020 B BONDS AND LAND HELD FOR RESALE WAS [17:58] SOLD DURING 2024 FOR ABOUT $1.2 MILLION AT 1801 AMERICAN [18:04] BOULEVARD. SO THOSE ARE JUST A FEW OF THE THE HIGHLIGHTS THAT I'M SURE YOU'RE WELL AWARE OF. [18:10] BUT WITH THAT THAT CONCLUDES MY PRESENTATION. I'D BE HAPPY TO ANSWER ANY QUESTIONS ANY QUESTIONS, [18:19] COMMENTS [18:26] ? NO. ALL RIGHT. WELL THANK YOU. YOU'RE WELCOME. SO NOW I WILL NEED A MOTION TO APPROVE AND ACCEPT THE 2024 [18:34] HRA AUDITED FINANCIAL STATEMENTS AND RELATED INFORMATION. [18:41] SO MOVED MOVED BY COMMISSIONER WHO CAME SECOND AND SECOND BY [18:49] COMMISSIONER EAST SAY ARE ALL IN FAVOR I. ALL RIGHT MOTION PASSES 7 TO [18:56] 0. THANK YOU. ALL RIGHT. HAVE A GOOD EVENING. THANK YOU. AND NEXT IS UNDER NEW BUSINESS [19:04] HRA OWNED RENTAL PROPERTY MAINTENANCE UPDATES AN EMERGENCY MAINTENANCE CONTRACT [19:11] EXTENSION. MAY WE HAVE THE STAFF REPORT? GOOD EVENING, CHAIR AND COMMISSIONERS. I'M HERE THIS EVENING TO [19:19] PROVIDE AN UPDATE ON EACH OWNED RENTAL PROPERTIES. >> THE FIRST COMPONENT [19:32] OF THE FIRST COMPONENT OF THE PRESENTATION IS REGARDING THE ONLY ASPECT OF THIS PRESENTATION THAT IS THAT [19:39] WE'RE REQUESTING APPROVAL AND A MOTION BY THE BOARD AND THAT'S RELATED TO EXTENDING THE MAINTENANCE AGREEMENT WITH FOR A NEW HOMES AND THEY DO [19:47] OUR EMERGENCY MAINTENANCE. THE REMAINDER OF THE PRESENTATION IS MORE JUST FOR INFORMATION AND KIND OF SETTING THE STAGE FOR [19:55] UPCOMING BUDGET DISCUSSIONS FOR 2026 AND JUST TO PROVIDE AN UPDATE DUE TO THE EXTENSIVE [20:02] REPAIRS THAT WE COMPLETED IN 2020 FOR DO YOU MIND JUST [20:15] YOU ADVANCE TO THE NEXT SLIDE TO THANK YOU. SO JUST AGAIN SOME BACKGROUND THERE'S 42 SINGLE FAMILY [20:22] RENTAL HOMES WITHIN THE PORTFOLIO IN 2024 WE INVESTED [20:27] ABOUT $1.2 MILLION IN EMERGENT EMERGENT CAPITAL IMPROVEMENTS ACROSS THE PORTFOLIO AND AT THAT TIME WE HAD IDENTIFIED [20:35] ABOUT $400,000 OF ADDITIONAL CAPITAL IMPROVEMENTS THAT WE ANTICIPATED IN 2025. ANOTHER BIG CHANGE IN 2024 WAS [20:43] A CHANGE IN STAFFING REGARDING PROPERTY MANAGEMENT AND MAINTENANCE AND WE BROUGHT [20:50] PROPERTY MANAGEMENT BACK IN HOUSE AND CONTRACTED WITH RENEW HOMES FOR EMERGENCY MAINTENANCE AND THAT WAS FOR US INITIAL SIX MONTH TERM AND [20:57] THAT CONTRACT IS EXPIRING AT THE END OF JUNE. OH IT'S WORKING OUT OKAY [21:04] GREAT. THIS SLIDE I JUST WANTED TO SHARE SOME REALLY GREAT FEEDBACK THAT WE'VE RECEIVED FROM SOME OF OUR RESIDENTS [21:12] IN THE PROGRAM REALLY HIGHLIGHTING THE SOME OF THE CHANGES THAT HAPPENED IN 2024 AND HOW THAT'S REFLECTED [21:19] IN THE LIVED EXPERIENCE OF OUR RESIDENTS. SOME OF THE PHRASES THAT REALLY STOOD OUT TO ME WERE LIKE CHANGE FOR THE BETTER AND [21:24] THINGS WERE HANDLED IN A TIMELY MANNER. THERE WAS GOOD COMMUNICATION THERE WAS A POSITIVE [21:31] DIFFERENCE IN OUR LIVING EXPERIENCE. I ALSO JUST WANT TO TAKE A MOMENT TO ACKNOWLEDGE VALENTINA WHO IS SERVING AS OUR PROPERTY MANAGER AS YOU [21:38] CAN SEE IN THE COMMENTS HERE. HER APPROACH IS VERY HUMAN CENTERED AND SHE'S REALLY TAKEN A LOT OF TIME TO BUILD [21:46] RELATIONSHIPS WITH OUR RESIDENTS AND MAKING SURE THAT THEIR NEEDS ARE BEING MET IN A VERY TIMELY MANNER. [21:53] SO AGAIN, THE FIRST COMPONENT OF THIS PRESENTATION IS THAT EXTENSION OF THE EMERGENCY MAINTENANCE AGREEMENT WITH [21:59] RENEW HOMES RENEW HOMES HAS BEEN AN INCREDIBLY WONDERFUL PARTNER. [22:05] THEY'VE BUILT A LOT OF TRUST WITH OUR RESIDENTS AND THEY RESPOND VERY QUICKLY TO EMERGENT SITUATIONS. [22:13] THEY'VE ALSO JUST BEEN A GREAT PARTNER IN RECOMMENDING OR ANTICIPATING FUTURE NEEDS IN OUR PROPERTIES AS WE CONTINUE TO BUILD OUT OUR [22:18] CAPITAL IMPROVEMENT PLAN. SO AT THIS TIME WE'RE RECOMMENDING EXTENDING THEIR [22:24] AGEMENT THROUGH THE END OF THE YEAR AND ALSO ADDING ADDITIONAL FUNDS TO THAT CONTRACT. SO THE TOTAL CONTRACT AMOUNT [22:30] FOR THE YEAR WOULD BE $174,996 [22:35] AND THIS IS WITHIN THE BUDGET WE HAD PLANNED FOR THESE SERVICES FOR THE YEAR. [22:42] WE ALSO PLAN TO ROLL OUT AN RFP FOR EMERGENCY ON CALL SERVICES THAT WOULD AND THAT [22:50] WOULD COVER 2026. SO WE HOPE TO PUBLISH THAT RFP LATER THIS SUMMER OR EARLY FALL AND THAT WOULD COME BACK [22:58] TO THE BOARD THAT THAT CONTRACT FOR 2026 WOULD COME BACK TO THE BOARD LATER THIS YEAR. [23:04] SO THIS IS THE RECOMMENDED MOTION BEFORE YOU THIS EVENING AND I'LL BRING THIS BACK UP LATER IN THE PRESENTATION. [23:09] BUT THIS IS REALLY WHAT WHAT'S BEFORE YOU TONIGHT FOR DECISION MAKING PURPOSES AND [23:17] NOW I WANT TO SWITCH GEARS AND TALK ABOUT THE MAINTENANCE FRAMEWORK THAT WE'VE DEVELOPED FOR OUR PROPERTIES. [23:24] THIS FRAMEWORK IS INFORMING A HOW WE DO PROCUREMENT OF SERVICES BUT ALSO HOW RESTRUCTURING OUR BUDGET AND [23:32] PLANNING FOR MAINTENANCE THROUGHOUT THE YEAR. THE FIRST BUCKET WHICH WE'VE ALREADY SPENT SOME TIME ON IS [23:37] THAT EMERGENCY ON CALL MAINTENANCE BUT BUCKET AND IT'S DEFINED THERE FOR YOU ON THE SCREEN. [23:44] OUR CURRENT SERVICE PROVIDER IS RENEW HOMES AND WE DO INTEND TO WORK WITH THEM THROUGH THE END OF THE YEAR [23:49] THROUGH THIS AGREEMENT EXTENSION. THE NEXT BUCKET I WOULD SAY IS [23:55] THE LARGEST BUCKET. IT'S MUCH MORE BROAD AND COVERS ALL OTHER ASPECTS OF MAINTENANCE THAT ARE [24:00] NON-EMERGENCY AND THESE ARE MAKING SURE THAT OUR UNITS REMAIN COMPLIANT WITH HOUSING QUALITY STANDARDS AND ALSO [24:07] RENTAL AND LICENSING COMPONENTS AND WITHIN THE CITY OF BLOOMINGTON THIS IS WHERE COSMETIC REPAIRS AND ALSO [24:12] PREVENTATIVE MAINTENANCE ARE COVERED UNDER THIS CATEGORY. WE CURRENTLY ARE COVERING THIS THROUGH A VARIETY OF DIFFERENT [24:19] VENDORS THAT ARE CE IN TO DO VERY SPECIFIC THINGS LIKE PLUMBING OR ELECTRICAL WORK AND THAT KIND OF A THING. [24:27] THE LAST BUCKET IS ARE THOSE CAPITAL IMPROVEMENTS AND THESE ARE WHEN WE'RE REPLACING A SIGNIFICANT COMPONENT WITHIN [24:34] THE PROPERTY OR DOING A SUBSTANTIAL UNIT TURN. SO THINK ROOF REPLACEMENTS, KITCHEN UPGRADES OR BATHROOM [24:42] REMODELS THAT KIND OF MORE SUBSTANTIAL WORK. SO A FEW STATUS UPDATES WITHIN [24:50] THESE BUCKETS THAT HAVE OCCURRED SO FAR IN 2025. AGAIN, WE ARE WORKING ON THAT CONTRACT EXTENSION THIS EVENING AND WE PLAN TO OPEN AN [24:57] RFP FOR EMERGENCY ON CALL MAINTENANCE FOR 2026 LATER THIS YEAR UNDER THE GENERAL [25:05] MAINTENANCE BUCKET WE DID COMPLETE A FIRST ROUND OF REQUESTS FOR QUALIFICATIONS TO START ESTABLISHING A LIST [25:11] OF CONTRACTED ENTITIES THAT HAVE EXPRESSED INTEREST IN WORKING WITH THE HRA. AND SO WE HAVE A LIST THAT WE [25:17] CAN DRAW FROM OF CONTRACTORS THAT WE'VE ALREADY HAVE CONTRACTS WITH FOR SMALLER [25:23] AMOUNTS TO GET THAT WORK DONE VERY QUICKLY AND WE HOPE TO DO ANOTHER ROUND OF THAT RFQ LATER THIS FALL AS WELL. [25:30] AND THEN UNDER CAPITAL IMPROVEMENTS THIS WORK THIS YEAR HAS REALLY BEEN PRIORITIZED IN OUR VACANT [25:36] UNITS AND WE'VE HAD EIGHT VACANCIES. I THINK THAT'S SHOULD BE THE [25:41] TOTAL FOR THE YEAR WHICH IS HIGHER THAN NORMAL BUT IT'S PRIMARILY DUE WE HAD A LOT OF HOUSEHOLDS IN THE RENTAL [25:47] HOMES PROGRAM REACHED THEIR FIVE YEAR TERM AND SO THEY HAVE SINCE MOVED OUT AND MOVED [25:53] ON TO OTHER A LOT OF THEM ACTUALLY HAVE PURCHASED HOMES WHICH IS EXCITING BUT THAT IS THE LARGEST COMPONENT OF THE [26:02] VACANCIES THAT WE'VE SEEN THIS YEAR. WE'VE ALSO CONTINUED TO GATHER BASE LEVEL DATA THROUGH TIME OF SALE INSPECTIONS. [26:07] THIS IS WORK THAT WAS STARTED IN 2024 AND WE'RE JUST CONTINUING THROUGH THE REMAINDER OF OUR PORTFOLIO AND [26:14] WE'RE USING THOSE TIME OF SALE INSPECTIONS TO HAVE A BASE LEVEL KIND OF UNDERSTANDING OF ANY IMMEDIATE CAPITAL NEEDS [26:22] ACROSS THE PORTFOLIO IN ANTICIPATION OF A BROADER CAPITAL NEEDS ASSESSMENT THAT WE HOPE TO ALSO DO ARE START [26:30] ROLLING OUT LATER THIS YEAR ACROSS THE PORTFOLIO. [26:36] I'M NOW GOING TO MOVE ON TO TALK ABOUT A SPENDING UPDATE AND HOW THAT'S INFORMING OUR [26:41] ESTIMATES FOR THE 2026 BUDGET CYCLE. [26:47] SO WE'RE GOING TO TALK ABOUT BOTH SPENDING OR EXPENDITURES AND REVENUES TONIGHT. THIS SLIDE IS SOLELY [26:54] REFERENCING EXPENDITURES AND THEN WE'LL MOVE ON TO REVENUE. AND I THINK ONE THING WE WERE REALLY TRYING TO BE THOUGHTFUL [27:02] ABOUT THIS YEAR IS STAYING WITHIN OUR BUDGET AND REALLY THINKING CRITICALLY ABOUT THE REPAIRS THAT WE ARE COMPLETING [27:10] AND PRIORITIZING THOSE MOST IMMEDIATE NEEDS AND MAINTAINING THOSE LIST OF THINGS THAT WE NEED TO COME BACK TO THROUGH EITHER CAPITAL [27:17] PLANNING OR A LITTLE LATER ON LOOK DOWN THE LINE A GOOD [27:24] REFERENCE POINT THAT WE HAVE STARTED TO IMPLEMENT IS THIS INDUSTRY STANDARD THAT'S [27:30] LISTED A LITTLE LOWER DOWN ON THE SCREEN WHICH IS THAT PER UNIT COST OF 4% OF THE [27:36] PROPERTY VALUE. SO ON AVERAGE ACROSS OUR PROPERTIES THAT'S ABOUT A PER UNIT COST OF $12,300 THERE'S [27:43] ESTIMATED WE SHOULD AT AT MINIMUM BE SPENDING ANNUALLY TO MAINTAIN OUR PROPERTIES AND SO WE'RE USING THAT KIND OF AS [27:51] A BENCHMARK AND WHAT WE'RE SPENDING THIS YEAR BUT ALSO HOW WE'RE DEVELOPING THE BUDGET FOR FUTURE YEARS AS OF RIGHT NOW BASED ON OUR [27:58] ANTICIPATED EXPENDITURES THROUGH THE END OF THE YEAR OUR PER UNIT COST AND THIS IS INCLUDING CAPITAL IMPROVEMENTS [28:05] IS AROUND $18,300 WHICH OBVIOUSLY IS HIGHER THAN THE INDUSTRY STANDARD. [28:13] BUT AGAIN WHEN YOU LOOK AT THE AGE OF OUR PROPERTIES AND SOME OF THE DEFERRED MAINTENANCE THAT WE'RE WORKING ON CATCHING UP ON THAT'S KIND OF WHERE WHY [28:21] THAT COST IS HIGHER THAN THE INDUSTRY STANDARD 50% OF THESE [28:28] MAINTENANCE EXPENSES ARE COVERED THROUGH RENTAL INCOME AND SOLD AS A TOUCH ON THAT AGAIN ON THE NEXT SLIDE. [28:33] BUT I DID JUST WANT TO HIGHLIGHT THE CAPITAL IMPROVEMENTS THAT WE HAVE PLANNED OR HAVE COMPLETED SO [28:40] FAR THIS YEAR ARE NOT FUNDED THROUGH OUR BUDGET. WE HAVE IDENTIFIED ALTERNATIVE [28:48] ONE TIME FUNDING SOURCES TO COVER THOSE COSTS FOR THIS YEAR AND THAT IS THROUGH THE [28:53] HRA CAPITAL FUND AND THEN CDBG COVID DOLLARS WHICH ARE REALLY FOCUSED ON CATCHING UP ON THAT [29:00] DEFERRED MAINTENANCE THAT ACCUMULATED DURING COVID. SWITCHING OVER TO REVENUES. [29:07] SO AGAIN, PRIMARILY THE REVENUE FOR THESE PROGRAMS IS COVERED THROUGH THAT RENTAL [29:12] INCOME. THERE IS SOME LEVY LEVY DOLLARS GOING IN BUT THAT'S ONLY FOR OUR RENTAL HOMES PROGRAM. AGAIN, THAT'S A FULLY LOCAL [29:20] PROGRAM SO THERE'S NO OTHER EXTERNAL FUNDING SOURCES FOR THAT PROGRAM. ASSISTED RENTAL IS SUBSIDIZED [29:27] THROUGH THE HOUSING CHOICE VOUCHER PROGRAM BECAUSE THOSE ARE PROJECT BASED UNITS. SO AS OF RIGHT NOW THERE'S NO LEVY SUPPORT GOING INTO THOSE [29:34] HOMES. SO THE MAJORITY OF THESE REVENUES ARE GOING TOWARDS [29:39] THOSE MAINTENANCE COSTS THAT WE JUST SAW. THAT'S IT ENDS UP BEING ABOUT [29:45] 60% OF THE OVERALL REVENUE FOR THE PROGRAM. AND THEN THE OTHER 40% GOES TOWARDS OTHER OPERATING COSTS [29:50] INCLUDING STAFF SALARIES AND SOFTWARE PROPERTY TAXES AND THOSE SORT OF THINGS. [30:00] SO LOOKING AHEAD HOW THIS ISN'T INFORMING HOW WE'RE THINKING ABOUT 2026 IS AGAIN USING THAT 4% RULE KIND OF AS [30:07] A THRESHOLD. WE'RE ESTIMATING RIGHT NOW ABOUT A PER UNIT COST [30:14] OF 14,400 FOR EMERGENCY AND GENERAL MAINTENANCE PER UNIT IN 2026. THAT'S KIND OF THE BASELINE [30:22] THAT WE'RE ESTABLISHING FOR 2026 AS OF RIGHT NOW. ONE THING I'M EXCITED ABOUT [30:27] ABOUT THAT BASELINE IS IT CREATES SPACE TO HAVE A PREVENTATIVE MAINTENANCE BUDGET THAT OPERATES [30:35] COMPLETELY SEPARATELY FROM OUR EMERGENCY MAINTENANCE BUDGET WHICH WE CURRENTLY DON'T HAVE LIKE SEPARATE BUCKETS FOR THOSE TYPE OF THINGS. [30:42] I THINK WE SEE IT AS THE NEXT BIG STEP OF BEING MORE PROACTIVE WHEN IT COMES TO MAINTENANCE RATHER THAN REACTIVE AND THEN ADDING [30:50] IN THE CAPITAL IMPROVEMENTS WE'RE CURRENTLY ESTIMATING AROUND 150,000 PER YEAR IS NEEDED FOR THE NEXT TEN YEARS. [30:58] THAT BRINGS UP THAT PER UNIT COST ESTIMATE TO AROUND [31:04] $17,980 FOR 2026 WHICH IS PRETTY CONSISTENT TO WHAT WE'RE SPENDING THIS YEAR. IF YOU RECALL FROM THE PRIOR [31:12] SLIDE WE SEE THIS AS KIND OF BEING THAT $18,000 NUMBER A YEAR PROBABLY ABOUT WHERE [31:17] WE'LL BE MOVING FORWARD ON A YEAR TO YEAR BASIS. [31:23] I DON'T SEE THAT NUMBER GOING DOWN BUT WE DO THINK IT WILL PROBABLY STEADY OUT AROUND THERE PRIMARILY DUE TO THE [31:31] FACT THAT CONSTRUCTION COSTS CONTINUE TO GO UP AND SO I THINK THAT'S WHY WE'RE SEEING OR WE'RE HOPING TO STEADY THAT [31:39] NUMBER OUT AROUND THAT NUMBER IN TERMS OF HOW WE'RE HOPING TO FUND CAPITAL PLANNING MOVING FORWARD. [31:46] WE HAVE WE CONTINUE TO RESEARCH ALTERNATIVE FUNDING SOURCES OUTSIDE OF THOSE ALREADY AVAILABLE. [31:54] THE FIRST ONE THAT WE LOOKED INTO WAS POP OR A PUBLIC OWNED HOUSING PROGRAM THROUGH MINNESOTA HOUSING. [32:01] THEIR APPLICATION CYCLE FOR 2025 OUR APPLICATION WAS WE [32:09] CAN WE DID OUR SELF SCORING BECAUSE THEY PROVIDED THE SCORING AND WE DIDN'T THINK OUR APPLICATION WAS COMPETITIVE BASED ON WHAT THEY [32:14] WERE PRIORITIZING IN THIS IN THIS MOST CURRENT FUNDING CYCLE. AND SO WE DECIDED NOT TO APPLY [32:21] BUT IT IS A POTENTIAL SOURCE BECAUSE THEY KIND OF CHANGE THEIR GUIDELINES EVERY YEAR DEPENDING ON HOW THEY'RE [32:28] FUNDING THAT FUNDING SOURCE. SO NOT SOMETHING WE APPLIED FOR THIS YEAR BUT SOMETHING THAT WE'RE CONTINUING TO KIND OF MONITOR AS A POTENTIAL [32:35] OPTION IN THE FUTURE. SIMILARLY THE FEDERAL HOME LOAN BANK OF DES MOINES OFFERS THE AFFORDABLE HOUSING PROGRAM [32:42] AND WE SEE THIS AS A REALLY VIABLE FUNDING SOURCE FOR CAPITAL PLANNING IN FUTURE YEARS AND KIND OF THE NEXT [32:50] STEP THERE IS COMPLETING THOSE CAPITAL NEEDS ASSESSMENTS ACROSS THE PORTFOLIO BECAUSE THAT'S IMPORTANT INFORMATION [32:57] THAT WE WOULD NEED TO INCLUDE IN THAT APPLICATION IN FUTURE CYCLES THAT IS KIND OF TOWARDS [33:05] THE END OR WE'RE NEARING THE END OF MY PRESENTATION. I JUST WANT TO HIGHLIGHT SOME NEXT STEPS IN TERMS OF WHAT'S WHAT WILL BE COMPLETING [33:13] THROUGH THE END OF 2025. SO THE FIRST ONE AGAIN IS EXECUTING THAT AMENDED AGREEMENT WITH HER NEW HOMES [33:19] TO EXTEND THEIR WORK THROUGH THE END OF 2025. WE ALSO WILL COME BACK TO THIS BOARD TO THE 2026 BUDGETING [33:27] PROCESS WITH PROPOSED BUDGET FOR BOTH THE ASSISTED RENTAL AND RENTAL HOMES PROGRAMS AND [33:32] THEN THE RFP FOR EMERGENCY MAINTENANCE SERVICES. THAT CONTRACT WOULD COME BACK [33:38] TO THE BOARD LATER THIS YEAR AS WELL. AND THEN THOSE CAPITAL NEEDS ASSESSMENTS IS SOMETHING THAT WE HOPE TO ROLL OUT LATER THIS YEAR. [33:45] HERE IS THE RECOMMENDED MOTION AND THAT IS THE END OF MY PRESENTATION. [33:52] THANK YOU. ARE THERE ANY QUESTIONS OR COMMENTS? COMMISSIONER MOUA. THE CHAIR JUST A QUESTION FOR [34:00] THE RFQ PROCESS. IS THERE A FOCUS OR AN ACTIVE RECRUITMENT OF BLOOMINGTON BASED CONTRACTORS? [34:08] THANK YOU CHAIR AND COMMISSIONER MOUA. SO NOT NECESSARILY ACTIVE RECRUITMENT SPECIFICALLY FOR [34:16] BLOOMINGTON AT LEAST IN THE MOST RECENT ROUND THAT WE COMPLETED EARLIER THIS YEAR. I WILL SAY WE ALSO MANAGE KIND [34:23] OF A CONTRACTOR LIST FOR THE REHAB LOANS PROGRAM AND A LOT OF THOSE CONTRACTORS ARE EITHER BASED IN BLOOMINGTON OR BASED IN THE AREA OR WORK [34:29] IN BLOOMINGTON VERY OFTEN AND WE DID SEND THEM ALL NOTIFICATION OF THIS RFQ. [34:35] SO AGAIN, TARGETING CONTRACTORS THAT WE KNOW WORK IN THE AREA OR INTERESTED [34:41] IN WORKING WITH THE CITY. THAT WAS KIND OF OUR APPROACH THIS FIRST TIME AROUND. SO ADMINISTRATOR YEAH, I JUST [34:47] WANTED TO ADD A QUICK QUICK NOTE ON THAT. WE'RE ALSO REVIEWING WAYS TO CONTINUE TO EXPAND OUR CONTRACTOR LIST SO THAT'S [34:53] SOMETHING WE'RE LOOKING AT THIS YEAR IS ARE THERE OTHER OTHER OPPORTUNITIES TO MARKET NOT ONLY THIS THE RFQ PROCESS BUT ALSO THROUGH THE CONTRACTS [35:01] WE'RE WORKING WITH ON OUR LOAN PROGRAMS AND ARE THERE WAYS TO EXPAND THAT POOL? SO THAT IS SOMETHING WHERE WE'RE LOOKING AT THIS YEAR AS WELL. [35:06] THANK YOU. THANK YOU. YEAH, I APPRECIATE THAT. I LOVE WHENEVER WE CAN KEEP DOLLARS HERE IN BLOOMINGTON [35:13] AND SUPPORT LOCAL BLOOMINGTON BUSINESSES SO AS MUCH AS WE CAN EXPAND OUR LIST TO INCLUDE BLOOMINGTON BASED BUSINESSES, [35:18] I'D APPRECIATE THAT ANY OTHER [35:23] QUESTIONS OR COMMENTS? IF NOT I WILL BE LOOKING FOR A MOTION TO APPROVE RESOLUTION [35:31] RESOLUTION 2025 DASH 17 AUTHORIZING STAFF TO ENTER INTO A FIRST AMENDMENT TO [35:38] AGREEMENT BETWEEN RENEW HOMES INC AND HOUSING REDEVELOPMENT AUTHORITY IN AND FOR THE CITY [35:46] OF BLOOMINGTON. THE I HAVE A MOTION SO MOVED MOVED BY COMMISSIONER DOUBLING HER SECOND AND SECOND BY [35:57] COMMISSIONER SAY ALL ALL IN FAVOR I ALL RIGHT MOTION PASSES 720. [36:07] NEXT IS JUNE IS NATIONAL HOME OWNERSHIP MONTH AND WE HAVE A [36:19] PROCLAMATION TO BE READ THAT WAS GOING TO BE AN HOUR OF THEIR MEETING THAT GOT [36:24] CANCELED SO I AM GOING TO READ THE PROCLAMATION. SO HOME OWNERSHIP MONTH JUNE [36:33] 2025 WHEREAS IN 1995 NATIONAL HOME OWNERSHIP WEEK BEGAN AS A STRATEGY OF PRESIDENT WILLIAM [36:39] CLINTON ADMINISTRATION TO INCREASE HOME OWNERSHIP ACROSS [36:45] THE NATION. AND. WHEREAS, IN 2002 PRESIDENT GEORGE W BUSH EXPANDED THE OBSERVANCE FOR THE ENTIRE [36:52] MONTH OF JUNE. AND. WHEREAS, HOME OWNERSHIP IS A MAJOR SOURCE OF GENERATIONAL [36:57] WEALTH FOR MANY AMERICANS AND IS AND IS AN ESSENTIAL PART OF THE AMERICAN DREAM. [37:05] AND. WHEREAS, DURING HOME OWNERSHIP MONTH WE RECOGNIZE THE VALUE THAT OWNING A HOME BRINGS TO INDIVIDUALS, HOUSEHOLDS AND [37:13] COMMUNITIES ACROSS AMERICA AND . WHEREAS, BY OBSERVING HOME OWNERSHIP MONTH WE ACKNOWLEDGE [37:20] THAT ACKNOWLEDGED THE IMPORTANCE OF HOUSING WHETHER OWNING RENTING OR ASPIRING TO OWN OR RENT. [37:26] AND. WHEREAS THROUGH THE HOUSING AND REDEVELOPMENT AUTHORITY IN IN FOR THE CITY [37:33] OF BLOOMINGTON KNOWN AS HRA CURRENT RESIDENCE AND THOSE DESIRING TO BECOME RESIDENTS CAN ACCESS RESOURCES AND [37:41] HOUSING STABILITY AND PATHWAYS TO OWNERSHIP. AND. WHEREAS EACH YEAR AND THROUGHOUT THE YEAR WE WILL [37:46] FOSTER HOME OWNERSHIP CREATION AND PRESERVATION OPPORTUNITIES [37:52] IN THE CITY OF BLOOMINGTON. AND. WHEREAS, TO SUPPORT THE CITY OF BLOOMINGTON'S MISSION OF CULTIVATING AN ENDURING AND [37:59] REMARKABLE COMMUNITY WHERE PEOPLE WANT TO BE THE HRA PARTNERS WITH COMMUNITY ORGANIZATIONS TO OFFER JOURNEY [38:07] TO HOME OWNERSHIP WORKSHOPS AS WELL AS HOME STRETCH FIRST TIME HOMEBUYER EDUCATION CLASSES THEREFORE I HRC CHAIR [38:16] JENNIFER MILLER DO HEREBY PROCLAIM JUNE 2025 AS HOME OWNERSHIP MONTH [38:24] IN BLOOMINGTON, MINNESOTA. BACK ALL RIGHT AND THE LAST [38:32] ITEM IS UPDATES FROM OUR ADMINISTRATOR. [38:38] YES GOOD EVENING CHAIR AND COMMISSIONERS I JUST HAVE THE ONE UPDATE WHICH IS LAST MEETING WE COLLECTED THAT FORM [38:46] OF AVAILABILITIES AND SO USING THAT FORM I SCHEDULED A TENTATIVE BOARD AND STAFF RETREAT FOR IT'S A WEDNESDAY [38:53] AUGUST 20TH FROM 1130 TO 5 P.M. LIKELY WILL HAVE ACTUAL ACTIVITIES STARTING AT NOON BUT I'LL SEND OUT A CALENDAR [38:59] INVITE FOR THAT 1130 I'LL START WITH MOST LIKELY HAVE SOME FOOD TOGETHER AND THEN THE OTHER NOTE IS THAT I WILL [39:08] SEND A CALENDAR INVITE WHICH ALREADY SIGNED SO I JUST WANTED TO CONFIRM THAT THAT DATE WORKS FOR EVERYONE AND MAKE SURE YOU ALL GET ON YOUR [39:13] CALENDARS EARLY. WE WILL SEND OUT THAT CALENDAR INVITE LATER THIS WEEK BUT PLEASE LET ME KNOW IF THAT DATE IS A CHALLENGE FOR [39:19] ANYONE. OKAY. THANK YOU. ALL RIGHT. THAT IS THE END OF OUR AGENDA. [39:25] MAY I HAVE A MOTION TO ADJOURN THE TUESDAY, JUNE 24TH, 2025 A BOARD MEETING MOVED BY [39:35] COMMISSIONER SECOND AND SECOND BY COMMISSIONER DOUBLING OR ALL IN FAVOR I MOTION PASSES 7 [39:42] TO 0. >> THE MEETING IS ADJOURNED