##VIDEO ID:X0xpQu5Nym0## .  AN AUTHORITY MEETING TO ORDER THE FIRST ITEM ON THE AGENDA IS THE APPROVAL THE AGENDA ARE THERE ANY ADDITIONS OR CORRECTIONS TO THIS EVENING'S AGENDA HEARING CAN WE BE LOOKING FOR A MOTION TO APPROVE THIS AGENDA SO MOVED WE HAVE A MOTION BY COMMISSIONER MUELLER AND A SECOND BY COMMISSIONER WOOTEN TO APPROVE THIS EVENING'S AGENDA IS THERE ANY DISCUSSION HEARING NONE ALL IN FAVOR PLEASE SIGNIFY BY SAYING I I OPPOSED MOTION PASSES SEVEN ZERO MOVING ON THE FIRST ITEM ON 3.1 IS THE APPROVAL OF THE SEPTEMBER 24TH 2024 HRA BOARD MEETING MINUTES. ARE THERE ANY ADDITIONS OR CORRECTIONS TO THE MINUTES HEARING NONE. WE'D BE LOOKING FOR A MOTION TO TO APPROVE THE SEPTEMBER 24TH 2024 HRA BOARD MEETING MINUTES TO APPROVE WE HAVE A MOTION COMMISSIONER WOOTEN AND A SECOND BY COMMISSIONER ISSA TO APPROVE THE SEPTEMBER 24TH 2024 HRA BOARD MEETING MINUTES IS THERE ANY DISCUSSION HEARING NONE ALL THOSE IN FAVOR OF PLEASE SIGNIFY BY SAYING I I OPPOSED MOTION PASSES SEVEN ZERO MOVING ON TO ORGANIZATION OF BUSINESS ITEM 4.1 IS A PUBLIC HEARING BUT WE'RE GOING TO START WITH A STAFF ON THE CORRECTED 2024 2025 CDBG ANNUAL ACTION PLAN AND BUDGET MAY WE HAVE THE STAFF REPORT?  THANK YOU. IT'S GREAT COMMISSIONERS SO TONIGHT IS AN ITEM THAT WILL LOOK FAMILIAR. THIS IS THE ACTION PLAN FOR THE 2024 2025 CDBG ALLOCATION AND YOU ORIGINALLY SAW THIS BACK IN MARCH ON MARCH 26 AT WHICH POINT YOU RECOMMENDED APPROVAL OF THE PLAN BY THE CITY COUNCIL ON APRIL 15TH. THAT ALL TOOK PLACE.  WE THEN RECEIVED OUR ALLOCATION ON MAY AND IT WAS A HIGHER AMOUNT THAN WHAT WE HAD ESTIMATED AND A MONTH LATER HUD NOTIFIED US THAT WE WOULD TO MAKE ADJUSTMENTS TO OUR PLAN TO ACCOUNT FOR THAT INCREASE AND.  SO THAT IS WHAT YOU'RE SEEING TONIGHT. THIS IS A CORRECTION TO THAT PLAN THAT YOU SAW BACK IN MARCH.  SO FAMILIAR SLIDES BLOOMINGTON IS ONE OF THE FEW ENTITLEMENT COMMUNITIES WITHIN HENNEPIN COUNTY MEANING WE GET PRETTY BIG DIRECTLY FROM HUD AND GET TO ADMINISTER THE USAGE OF THOSE FUNDS. WE ARE STILL PART OF THE COUNTY CONSORTIUM AND WE WORK WITH THE COUNTY ON THE CONSOLIDATED PLANNING PROCESS SO WE'RE CURRENTLY IN THE 2020 TO 2024 CONSOLIDATED PLAN FOR USAGE OF CDBG AND THAT'S WHAT THIS IS ELECTION PLAN FALLS INTO ELIGIBLE ACTIVITIES ARE THOSE THAT SERVE LOW AND MODERATE INCOME HOUSEHOLDS AND YOU'LL SEE THAT THE ACTIVITIES TONIGHT ARE PART OF THAT.  SO THE TIMELINE I WENT THROUGH THE PREVIOUS TIMELINE FOR HOW WE GOT HERE TONIGHT WE RAN A RENEWED PUBLIC COMMENT PERIOD FROM AUGUST 30TH TO OCTOBER 2ND.  WE DID NOT RECEIVE ANY COMMENTS ON THE CORRECTIONS AND SO TONIGHT WE'RE HOLDING A PUBLIC HEARING AND THAT'S TO ENSURE THAT WE HAVE TWO PUBLIC HEARINGS WHICH IS THE REQUIREMENT CITIZEN PARTICIPATION PLAN. TYPICALLY WE DO ONE WITH THE CITY COUNCIL AND ONE WITH HENNEPIN COUNTY BUT SINCE THEY'VE ALREADY DONE THEIR PUBLIC HEARING WE BROUGHT IT TO THE HRA AS A PUBLIC HEARING. SO AFTER TONIGHT IF YOU RECOMMEND APPROVAL WILL GO TO THE CITY COUNCIL NEXT MONDAY FOR FINAL APPROVAL AND A PUBLIC HEARING AND THEN WE'LL QUICKLY SUBMIT THAT TO HUD TO GET OUR FINAL APPROVAL AT WHICH POINT THEY'LL GIVE THE ACTUAL FUNDING AND WE CAN START USING USING THOSE FUNDS . SO THE CHANGES THAT TOOK PLACE WE HAD AN INCREASE FROM THE ESTIMATED WE WERE ESTIMATING AROUND 444,000 IN ENTITLEMENT AND THAT WAS ACTUALLY HIGHER SO WE'RE GOING TO RECEIVE 475,000 BUT THE THE BIG CHANGE THAT HAD TO TAKE PLACE IN THE PLAN WAS WE HAD PREVIOUSLY IDENTIFIED CITY FUNDS THAT WERE RECEIVED BUT NOT YET EXPENDED BUT THOSE RECEIVED FUNDS WERE THEY WERE ALLOCATED TO SPECIFIC ACTIVITIES. SO BY IDENTIFYING THEM AGAIN IN THE PLAN IT WAS CONFUSING .  IT WAS AS IF WE WERE DOUBLE ALLOCATING THOSE FUNDS. SO WE'RE IN INSTRUCTED BY OUR CONTACT HUD TO NOT NOT RE IDENTIFY THOSE PRIOR YEAR FUNDS BUT TO FOLLOW THE PLAN THAT THOSE FUNDS WERE ORIGINALLY ALLOCATED.  SO IF YOU SAW THE INITIAL ACTION PLAN IN ITS CORRECTED FORM IT APPEARS THAT WE HAVE LESS FUNDING TO WORK WITH. IT'S THE SAME IT'S JUST THAT WE'LL BE SPENDING THOSE PRIOR YEAR FUNDS AS THEY WERE ORIGINALLY ALLOCATED.  SO THIS IS BUDGET NOW THE CORRECTED BUDGET THAT ONLY INCLUDES ALLOCATION RECEIVED FOR THIS PROGRAM YEAR AND THE ESTIMATED PROGRAM INCOME THAT WILL RECEIVE FROM PAYOFFS FROM PREVIOUS LOANS AND ACTIVITIES GENERATE PROGRAM INCOME AND SO THE AMOUNTS THAT HAVE CHANGED THERE'S BEEN AN INCREASE THE ALLOCATION FOR HOMEOWNER REHABILITATION ASSISTANCE AND THAT'S THE AMOUNT THAT WAS THE DIFFERENCE BETWEEN THE ESTIMATED ALLOCATION AND THE ACTUAL RECEIVED ALLOCATION AND THEN THE OTHER ACTIVITIES HAVE REMAINED THE SAME INSOFAR AS WE HAVE THE PREVIOUS ALLOCATIONS FROM THE PRIOR YEARS THAT ARE STILL EXISTING. AND I ALSO WANTED TO BRING FORWARD THE FROM THE 2023 CONSOLIDATED ANNUAL PERFORMANCE AND EVALUATION REPORT THE PAPER WHICH WE DO EVERY YEAR. SO THIS IS HOW FUNDING WAS EXPENDED IN THE PREVIOUS PROGRAM YEAR.  YOU CAN SEE IT'S CLEAR THAT WE SPEND A LOT MORE THAN WE RECEIVE IN A YEAR SO ALMOST $1,000,000 JUST FOR OUR REHAB PROGRAM.  AND SO THAT MAKES IT CLEAR WE'RE SPENDING FUNDING THAT WE'VE RECEIVED IN PRIOR YEARS AS WELL AS OUR PROGRAM INCOME THAT COMES. AND SO I THINK THAT JUST ILLUSTRATES WHY WHY WE MAYBE WOULD HAVE IDENTIFIED THOSE FUNDS IN OUR PLANS.  SO THE NEXT STEPS WOULD BE TO HOLD A PUBLIC AND THEN CONSIDER THIS A JUST A MOTION AND I CAN TAKE ANY QUESTIONS.  THANK YOU. ARE THERE ANY QUESTIONS I SEE NO QUESTIONS BE STARTING WITH LOOKING FOR A MOTION TO OPEN THE OPEN UP THE PUBLIC HEARING ON CORRECTED 2020 FOR 25 CDBG ANNUAL ACTION PLAN AND BUDGET WE HAVE A MOTION BY COMMISSIONER WOOTEN TO OPEN THE PUBLIC HEARING AND WE A SECOND BY COMMISSIONER AND DOUBLING OR AS OR ANY DISCUSSION HEARING NONE OF THOSE IN FAVOR PLEASE SIGNIFY BY SAYING I I OPPOSED MOTION PASS A70 WE ARE NOW THE PUBLIC HEARING IS NOW OPEN IF THERE IS ANYBODY HERE TO SPEAK ON ITEM 4.1 THEY CAN APPROACH IS THERE ANYONE ON THE PHONE THIS EVENING  OKAY SEE NO ONE COMING FORWARD AND NO ONE ON THE PHONE WE NEED TO GO AHEAD AND CLOSED SO WE'LL BE LOOKING FOR A MOTION TO CLOSE PUBLIC HEARING UNCORRECTED 2020 425 CITY BECE ANNUAL ACTION PLAN ON BUDGET.  SO WE HAVE A MOTION BY COMMISSIONER MUELLER AND A SECOND BY COMMISSIONER WOOTEN TO CLOSE THE PUBLIC HEARING. IS THERE ANY DISCUSSION HEARING NONE. ALL THOSE IN FAVOR PLEASE BY SAYING I OPPOSED MOTION PASSES SEVEN ZERO TO CLOSE THE PUBLIC HEARING MOVING FORWARD I JUST WANT TO OPEN UP TO THE BOARD IF THERE'S ANY OTHER QUESTIONS ,ANYTHING BEFORE WE MOVE ON TO THE MOTION.  OKAY. NOW WE'LL BE LOOKING FOR A MOTION TO RECOMMEND APPROVAL BY CITY COUNCIL OF CORRECTED 2024 2025 CDBG ANNUAL ACTION PLAN AND BUDGET FOR SUBMISSION AND AUTHORIZING RELATED ACTIONS.  WE HAVE A MOTION BY COMMISSIONER WOOTEN AND A SECOND BY COMMISSIONER DELLINGER TO RECOMMEND APPROVAL BY CITY COUNCIL OF CORRECTED 2024 2025 SEE THE BIG ANNUAL PLAN AND BUDGET FOR SUBMISSION AND AUTHORIZING RELATED ACTIONS.  IS THERE ANY DISCUSSION HEARING NONE ALL THOSE IN FAVOR SIGNIFY BY SAYING I'M A OPPOSED MOTION PASSES SEVEN ZERO. MOVING ON TO 4.2 IT'S THE CONTRACT FOR HRA BOND COUNSEL SERVICES MAY WE HAVE THE STAFF REPORT PLEASE?  YES. GOOD EVENING CHAIR AND COMMISSIONERS ON THIS IS A PRETTY SHORT REPORT THIS IS A FIVE OR A THREE YEAR CONTRACT THAT'S HELD BY THE CITY, THE POOR AND THE HRA WHO ALL USE KENNEDY AND GRAVEN FOR BOND COUNCIL SERVICES. SO THIS IS THE FIRST OF TWO OPTIONAL ONE YEAR EXTENSIONS AND THIS BE GOING TO THE HRA, THE PORT AND THE CITY COUNCIL FOR APPROVAL AND IT IS BEFORE YOU TONIGHT TO CONSIDER APPROVING ARE THERE ANY QUESTIONS SEEING NO QUESTIONS WE'LL BE LOOKING FOR A MOTION TO APPROVE THE PROFESSIONALS SERVICES AGREEMENT EXTENSION FOR THE FUTURE IS BOND COUNSEL SERVICES KENNEDY AND GRAVEN SO MOVED IN A MOTION BY COMMISSIONER CARTER AND A SECOND BY COMMISSIONER YOU SAY TO APPROVE THE PROFESSIONAL SERVICES AGREEMENT EXTENSION FOR THE ETRADE'S BOND COUNSEL WITH KENNEDY AND GRAVEN. IS THERE ANY DISCUSSION HEARING NONE THOSE IN FAVOR REPLACING THEM BY BY SAYING I I OPPOSED MOTION PASSES SEVEN ZERO MOVING ON TO ITEM 4.3 93 PARK AVENUE SOUTH PURCHASE AND DEVELOPMENT CONTRACT ME WE HAD THE STAFF YES GOOD EVENING AGAIN SHARON COMMISSIONERS MY NAME IS SARAH. I'LL BE GOING THROUGH THIS PRESENTATION THIS EVENING SO JUST SOME BACKGROUND I KNOW YOU ALL HAVE SEEN THIS PROJECT A FEW TIMES AND A PRETTY RECENT DISCUSSION ABOUT IT. BUT JUST A QUICK REMINDER THE SITE WAS PURCHASED BACK IN 2020 THE GOAL WAS TO PROVIDE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES.  IT WAS SPLIT INTO TWO FOR TWO SINGLE FAMILY HOMES WITH AN ATTACHED EDU.  IT'S AN EXCITING PROJECT BECAUSE WHILE IT WAS OUR ALLOWED BROOKLYN PARK RIGHT SORRY BLOOMINGTON THE WE DON'T HAVE TOO MANY OF THEM IN THE CITY SO THIS WILL BE AN INNOVATIVE AND UNIQUE PROJECT WE'VE PARTNERED WITH TWO GREAT PARTNERS. ONE IS HOMES WITHIN REACH WHO IS SERVING AS THE DEVELOPER AND THE MISSION AND HABITAT HUMANITY WHO IS SERVING AS A GENERAL CONTRACTOR. YOU CAN SEE BOTH HAVE MISSIONS OF PROVIDING AFFORDABLE HOUSING.  A LITTLE BIT OF INFORMATION ABOUT THE SITE IT'S AN EAST BLOOMINGTON IS IN THE NEIGHBORHOOD OF PRIMARILY SINGLE FAMILY HOMES WITH SOME DUPLEXES AS WELL.  IT'S A IT'S A SMALL SITE BUT IN A GREAT LOCATION AND THEN YOU'VE SEEN THIS BEFORE BUT THIS IS THE SITE PLAN. YOU CAN SEE THE TWO HOMES, TWO SINGLE FAMILY HOMES WITH DETACHED DETACHED GARAGES AND AN 80 YOU THE ADAS WILL MATCH THE SINGLE FAMILY HOME IN TERMS OF STYLE AND DESIGN THEY'LL BE ACCESSIBLE FROM THE DRIVEWAYS AND THERE IS A TREE ON THE PROPERTY THAT IS BEING PRESERVED AND THEN HERE YOU CAN JUST SEE AGAIN YOU'VE SEEN THIS BEFORE BUT THESE ARE JUST SOME PICTURES OF WHAT THE PROPOSED RESIDENCES WILL LOOK LIKE FOUR BEDROOMS AND TWO STORIES AND THIS IS THE SECOND OF THE TWO.  AND THEN YOU CAN SEE HERE A LISTING OF THE PROJECT COSTS SO AS IS TYPICAL WITH PROJECTS LIKE THIS CONSTRUCTION COSTS AND THE LAND ACQUISITION ARE BY FAR LARGEST EVEN FOR THIS IS PER UNIT SO THIS IS TIMES TWO WOULD BE THE TOTAL COST SO YOU CAN SEE HERE IT'S IT'S FOR A SINGLE HOME WITHIN 80 YOU THE DEVELOPMENT COST IS OVER $600,000 AND YOU CAN SEE HERE THE PROPOSED FUNDING AS WELL THERE'S A GRANT IN THIS PROJECT FROM MINNESOTA HOUSING AGAIN PER UNIT IT'S 130,000 AND THEN THE REQUEST BEFORE YOU TONIGHT IS THE FUNDING FROM THE CITY OF BLOOMINGTON, HRA WHICH IS A LAND WRITE DOWN AND SOME ADDITIONAL CASH ASSISTANCE OF $100,000 AND THIS IS JUST A BREAKDOWN OF THAT FINANCIAL REQUEST. AGAIN IT'S $112,500 LAND WRITE DOWN FOR EACH PART OF THE PROPERTY AND THEN UP TO $100,000 IN ADDITIONAL SUBSIDY WITH A TOTAL PER UNIT OF $212,500.  AND THE GOAL BEHIND THIS SUBSIDY TO KEEP THESE PROJECTS AFFORDABLE THEY ARE BEING SOLD TO A LAND TRUST.  SO PRESUMABLY THESE WOULD GO TO THE LAND TRUSTS WOULD BE RENEWED WITH EVERY SALE AND SO YOU WOULD BE KEEPING THESE AFFORDABLE IN PERPETUITY ESSENTIALLY AND THE AFFORDABILITY RANGES THE 60% AREA MEDIAN INCOME WHICH IS QUITE DEEP AFFORDABLE AFFORDABILITY A SINGLE FAMILY HOME ALSO THE PART OF THE REASON FOR THE REQUEST BEFORE YOU TONIGHT IS BECAUSE THE MINNESOTA HOUSING GRANT HAVE A DEADLINE AND THAT DEADLINE IS FAST APPROACHING.  IT'S BY THE END OF THE YEAR AND SO WHILE WE ARE STILL CONTINUING EXPLORE OPPORTUNITIES TO FUND THE GAP, WE'VE APPLIED FOR SOME OTHER ADDITIONAL AND ARE STILL TRYING TO BE CREATIVE IN THAT SPACE THERE IS A POSSIBILITY THAT WE WOULD NEED TO MOVE FORWARD WITHOUT ANY ADDITIONAL FUNDS AND SO THE QUESTION BEFORE YOU TONIGHT IS IF THE H.R IT WOULD BE WILLING TO FUND THE GAP AS IS TODAY.  AND FINALLY THAT COMES TO NEXT STEPS WHICH IS TO CONTINUE WORKING ON ANY OPPORTUNITY TO DECREASE THE GAP IT WOULD BE STRUCTURED AS AN UP TO ADDITIONAL AMOUNT OF $100,000 AND THEN IF THE BOARD WOULD LIKE TO, YOU KNOW, MOTION TO APPROVE THAT THE MOTION IS BEFORE YOU THE SLIDE HERE TONIGHT WE ALSO HAVE REPRESENTATIVES FROM HABITAT FOR HUMANITY AND I BELIEVE WE HAVE SOMEONE FROM WHO'S WITHIN REACH ONLINE PERHAPS AVAILABLE TO ANSWER QUESTIONS THAT YOU HAVE. SO WITH THAT I WILL TURN IT OVER TO YOU FOR ANY AND ANY QUESTIONS THIS EVENING I HAVE ONE TOO. MAYBE IT'S MORE JUST A CLARIFICATION THE THAT FIRST SENTENCE ARE YOU GOING TO CONTINUE WORKING ON POSSIBLE SOURCES TO REDUCE THE SUBSIDY YOU MEAN TO REDUCE THE CITY OF BLOOMINGTON'S PART OF THE SUBSIDY OR CORRECT? YES. YES.  OTHER QUESTIONS COMMISSIONER CARTER THANK YOU.  SO JUST READING TO NOTE SO WE ALREADY APPROVED THE LAND WRITE COMPONENT.  SO THIS IS APPROVING THE ADDITIONAL 100,000 SUBSIDY PER UNIT? CORRECT. AND IT SAYS IT'S COMING FROM THE RESOURCE DEVELOPMENT FUND. AND I GUESS I'M JUST CURIOUS BECAUSE I KNOW THAT THE HRC FINANCES ARE VERY COMPLEX.  DO WE JUST KIND OF HAVE THIS MONEY RESERVED FOR THESE KINDS OF OPPORTUNITIES TO LEVERAGE OR ARE THERE TRADE OFFS HERE? SO IF WE SPEND THIS 200,000 HERE, DOES THAT MEAN THAT WE MIGHT HAVE TO MAKE OTHER DECISIONS IN OTHER AREAS OF THE BUDGET? YES, CHAIR COMMISSIONER SO THE DEVELOPMENT FUND IS USED FOR A VARIETY OF PROJECTS ONE OF THEM IS DEVELOPMENT PROJECTS. WE'VE ALSO USED THAT FUND FOR THINGS LIKE IMPROVEMENTS TO THE HOMES THAT THE HRC CURRENTLY OWNS RIGHT NOW THERE IS A FAIRLY HEALTHY FUND BALANCE WE HAVE BEEN USING DOWN THAT FUND BALANCE HOWEVER RIGHT NOW THERE IS ENOUGH IN THE ACCOUNT TO LEAVE A FAIRLY HEALTHY BALANCE AND WE ARE LONG TERM EXPLORING OTHER WAYS TO INCREASE THAT BALANCE AND TO USE THAT FOR OTHER INVESTMENTS OTHER PROJECTS. OKAY THANK YOU.  OTHER QUESTIONS COMMISSIONER WOOTEN.  OTHER THAN THE SUBSIDY, WHAT IS OUR OWNERSHIP IN THIS PROJECT? YES, SURE, COMMISSIONERS. SO OWNED THE SITE SO THAT'S WHY WE WERE ABLE TO DO THE LAND WRITE DOWN AND THEN WE WOULD SELL THE PROPERTY TO HOMES WITHIN REACH WHO WOULD BE RESPONSIBLE MANAGING THE LAND TRUST ASPECT TO.  JUST A LITTLE BACKSTORY ON THIS BECAUSE I KNOW SOME OF YOU WERE NOT AROUND WHEN CAME THIS WAS AN ESTATE PROPERTY THAT THE CITY THAT THE HRA TOOK OVER.  SO THERE'S KIND OF A HISTORY OF IT OF HOW IT BECAME ON HRA PROPERTY IS IT WASN'T A STATE THAT THE HOUSE HAD TO BE DESTROYED ON THE PROPERTY DUE TO THE CONDITION SO HOPEFULLY THAT'S A LITTLE HELPFUL BACK STORY AND WE ALSO DO THE PURCHASE AGREEMENT DOES INCLUDE THAT IT WILL BE SOLD TO FAMILIES AND THAT AFFORDABLE LEVEL AND IT ALIGNS WITH THE MISSION OF HOMES WITHIN REACH. SO THE EXPECTATION WILL BE THAT THOSE HOMES WILL STAY AFFORDABLE AT THAT RANGE CONTINUING FORWARD AFTER THE FIRST SALE. ARE THERE ANY OTHER QUESTIONS COMMISSIONER CARTER NO ANY QUESTIONS BUT JUST OUR GUESTS FROM HABITAT WANT TO SPEAK OR SAY ANYTHING ABOUT THE PROJECT. THANKS FOR THE OPPORTUNITY COMMISSIONERS.  YEAH, MY NAME IS NOAH KELLER. I'M A PROJECT MANAGER WITH TWIN CITIES HABITAT FOR HUMANITY I'VE PRESENTED BEFORE AND SO JUST ECHO WHAT YOU SAID AND SO I'M JUST BASICALLY HERE TO ANSWER ANY QUESTIONS IF IF THERE ARE ANY LIKE DESIGN ITEMS THAT PEOPLE HAVE QUESTIONS ABOUT OR ANYTHING ELSE THAT I CAN HELP SHARE.  VERY EXCITED TO BE HERE. VERY EXCITED FOR THE OPPORTUNITY. YEAH.  ON ANY OTHER QUESTIONS I DO HAVE ONE QUESTION AND THAT WOULD JUST BE WHEN I'M GOING TO MAKE THIS DO WE A RESOLUTION NUMBER. UM I APOLOGIZE. YEAH.  20 OKAY. THANK YOU.  YEAH, I'M SURE WE HAVE .  SHE WAS ATTENDING A COUNCIL MEETING TONIGHT FOR ANOTHER PROJECT SO SHE NOT BE AVAILABLE TO COMMENT BUT YEAH. HI. HI THIS IS PRESIDENT OBAMA WILL BE EXECUTIVE DIRECTOR FROM SOUTHERN REACH. I AM ON THE I'M IN MY CAR SO I'M DRIVING TO THE OTHER MEETING BUT WE'RE VERY EXCITED TO DO THIS PROJECT.  UM IT'S BEEN YEARS IN THE MAKING. WE WERE APPROACHED BY THE CITY TO REALLY TRY TO DO SOMETHING THERE. UM OUR ORIGINAL PROPOSAL WAS JUST A SINGLE FAMILY HOME PERHAPS THAT ALL AND SEEING THAT WE COULD TAKE THIS PROJECT AND TURN IT INTO BASICALLY FOUR UNITS OF AFFORDABLE HOMEOWNERSHIP IS QUITE A UNDERTAKING BUT IT'S ONE THAT WE'RE GLAD WE HAVE THE OPPORTUNITY TO AND TO BRING A NEW FORM OF HOMEOWNERSHIP TO THE CITY IS REALLY QUITE AN THAT WE'VE BEEN ASKED TO DO THIS SO WE'RE VERY EXCITED WITH THE PROJECT . WONDERFUL. THANK YOU.  ARE THERE ANY OTHER QUESTIONS THIS EVENING ON THIS ITEM HEARING NO OTHER QUESTIONS. WE'LL BE LOOKING FOR OUR MOTION TO APPROVE 2024 AND 20 APPROVING A DEVELOPMENT AGREEMENT PURCHASE AGREEMENT REGARDING PROPERTY LOCATED AT 9030 AND 9036 PARK AVENUE SOUTH IN THE CITY OF BLOOMINGTON WE HAVE A MOTION BY COMMISSIONER DELLINGER AND A SECOND BY COMMISSIONER WOOTEN TO RESOLUTION 2024 AND 20 APPROVING A DEVELOPMENT AGREEMENT AND PURCHASE AGREEMENT REGARDING PROPERTY LOCATED AT 9030 AND 9036 PARK AVENUE SOUTH IN THE CITY OF BLOOMINGTON IS THERE ANY DISCUSSION HEARING? NO DISCUSSION ALL THOSE IN FAVOR OF PLEASE SIGNIFY BY SAYING I I OPPOSED MOTION SEVEN ZERO WONDERFUL MOVING ONTO NEW BUSINESS ITEM 5.1 IS NEW PAYMENT STANDARDS FOR HOUSING CHOICE CHOICE VOUCHERS SECTION EIGHT RENT ASSISTANCE PROGRAM MAY WE HAVE THE STAFF REPORT GOOD EVENING AND COUNCIL MEMBERS EVERY YEAR IN OCTOBER HUD SETS THE FAIR MARKET RENTS OR THE FMR IS WHAT WE CALL IT ON OUR OFFICE AND THEN ALSO THAT GIVES US THE THE KIND OF THRESHOLD FOR WHAT OUR PAYMENT STANDARDS ARE AND THAT'S BASED ON REALLY BUDGETARY STUFF. SO WE REALLY LOOK AT BOTH WHAT HUD'S DOING WHEN THEY INCREASE THE FMR IS AND WHAT IT WILL DO TO OUR BUDGET IF NOTICE IN THE WEIGHT THAT IS THE AND WITH THE BLUE IS THE WHAT IS HUD PROPOSED AND THEN WE CANNOT GO BELOW 90% BUT WE CANNOT EXCEED 110% OF THAT FMR THE DARK GREEN IS OUR CURRENT PAYMENT STANDARDS AND OUR KIND OF YELLOWISH COLOR IS OUR PROPOSED PAYMENT STANDARDS AND YOU'LL NOTICE THAT OUR ONES AND TWOS AND ZERO BEDROOM STAYED THE SAME AND OUR THREES FOURS FIVES AND SIX WENT UP MAINLY DUE THE 90% BUT THEN ADJUSTED A LITTLE BIT FOR THE THREE BEDROOMS THE REASON WHY WE LOOKED AT THIS YOU WERE TO LOOK AT LAST YEAR'S FEMA.  HUD INCREASED THEIR PAYMENT STANDARDS 15% WHICH IS REALLY BIG. SO THEN THAT WAS WHAT WE INCREASED OUR ONES AND OUR TWOS WHICH IS WHERE OUR MOST OF OUR FAMILIES RESIDE WHICH WILL HAVE A HUGE IMPACT ON OUR AVERAGE HAP IN OUR ON OUR BUDGET. SO WE WENT WITH HUD'S KIND OF GO AND AND INCREASE THOSE AND WE YOU KNOW WITH OUR BUDGET FARED WELL AND THIS YEAR THEY ONLY INCREASED AT 4% SO WE DIDN'T WANT TO TOUCH OUR ONES AND TWOS WE RAISED THEM $200 WHICH I DON'T I'VE WORD HERE FOR 25 YEARS. I DON'T THINK WE'VE EVER DONE THAT SO THAT WAS REALLY EXCITING TO GIVE SOME RELIEF TO THOSE BEDROOM SIZES.  BUT UNTIL WE GET OUR BUDGET WE REALLY DON'T WANT TO TOUCH THOSE AT THIS TIME.  SO WE WE DON'T KNOW WHEN THOSE BUDGETS COME OUT BECAUSE THEY SHOULD BE COMING OUT ON TIME. BUT YOU KNOW CONGRESS THEY DON'T ALWAYS HAVE RESOLUTION RESOLUTION. SO I'M HERE TONIGHT TO GET THOSE APPROVED IF IF YOU HAVE ANY QUESTIONS ON THAT ISSUE I'D BE HAPPY TO ASK AND A THANK YOU ARE THERE ANY QUESTIONS SEE NO QUESTIONS WE'LL BE LOOKING TO APPROVE THE PROPOSED PAYMENT STANDARDS FOR THE HOUSING HOUSING CHOICE VOUCHER SECTION EIGHT RENT ASSISTANCE PROGRAM EFFECTIVE FOR OCTOBER 1ST 2023 IS LIKE 2020 2424 SORRY. NO IT'S OKAY. IT'S EFFECTIVE IN 24 AND THEN IT WAS 24 I APOLOGIZE. SO LET ME REREAD THAT BE LOOKING FOR A MOTION TO APPROVE THE PROPOSED PAYMENT STANDARDS  FOR THE HOUSING CHOICE VOUCHER SECTION EIGHT RENT ASSISTANCE PROGRAM EFFECTIVE FOR OCTOBER 1ST,  2024. WE HAVE A MOTION BY COMMISSIONER WOOTEN SECOND AND A SECOND BY COMMISSIONER MUELLER TO APPROVE THE PROPOSED PAYMENT STANDARDS FOR THE HOUSING CHOICE VOUCHER SECTION EIGHT RENT ASSISTANCE PROGRAM EFFECTIVE FOR OCTOBER 1ST, 2024. IS THERE ANY DISCUSSION HEARING NONE. ALL THOSE IN FAVOR PLEASE SIGNIFY BY SAYING I AM I OPPOSED MOTION PASSES SEVEN ZERO THANK YOU VERY MUCH.  MOVING ONTO ITEM 5.2 IT WILL BE ANOTHER PUBLIC HEARING BUT IT'S ALL IN THE APPROVAL OF THE 2025 HOUSING CHOICE VOUCHERS SECTION EIGHT FIVE YEAR ANNUAL AND ADMINISTRATIVE PLANS MEAN WE HAVE THE STAFF REPORT FIRST PLEASE GOOD EVENING CHAIR AND COMMISSIONERS BEFORE YOU TONIGHT IS AN ANNUAL ITEM SO EVERY YEAR WOULD YOU COME BEFORE THIS BODY WITH OUR ANNUAL PLAN AND OUR ADMINISTRATIVE FOR THE HOUSING CHOICE VOUCHER PROGRAM WHICH WE ARE REQUIRED TO SUBMIT TO THIS YEAR. WE ALSO HAVE THE FIVE YEAR AGENCY PLAN BECAUSE WE ARE 2024 IS THE END OF A FIVE YEAR CYCLE. SO THE FIVE YEAR AGENCY PLAN WOULD BE FOR 2025 THROUGH 2029 . A QUICK OVERVIEW JUST FOR REVIEW REGARDING THE HOUSING CHOICE VOUCHER PROGRAM. SO THIS IS A FEDERAL RENTAL ASSISTANCE PROGRAM. OUR FUNDING AS ROBIN JUST ALLUDED TO IS APPROPRIATED BY CONGRESS AND WE ARE WE GET A CERTAIN PORTION DIRECTLY FROM HUD. WE ADMINISTER THIS PROGRAM AND WE HAVE SIGNED AGREEMENTS WITH BOTH PARTICIPANTS OF THE PROGRAM AND THE PROPERTY OWNERS THAT WE WORK WITH THROUGH THE PROGRAM. AND THEN THE THE TENANTS ALSO HAVE SEPARATE AGREEMENTS WITH THE OWNER THROUGH A LEASE AGREEMENT. SO THOSE ARE KIND OF THE THREE GOVERNMENT GOVERNING DOCUMENTS RELATED TO THE PROGRAM CURRENTLY ADMINISTERING 683 VOUCHERS AND THAT INCLUDES 168 PORTLAND VOUCHERS. SO THOSE ARE VOUCHERS WE ADMINISTER ON BEHALF OF OTHER HOUSING AUTHORITIES WE ALSO HAVE 38 PROJECT BASED VOUCHER UNITS AND WE HAVE 78 PORT OUT VOUCHERS. SO THOSE ARE VOUCHERS FROM BLOOMINGTON BUT THOSE RESIDENTS CURRENTLY LIVE IN OTHER PLACES AND THOSE HOUSING AUTHORITIES ADMINISTERING THOSE VOUCHERS ON BEHALF OF OUR OFFICE.  SO BECAUSE WE ARE AT THE END OF A FIVE YEAR CYCLE, I DID WANT TO JUST HIGHLIGHT SOME OF THE KEY MILESTONES THAT OCCURRED OVER THE LAST FIVE YEARS, ONE OF WHICH IS APPROVAL OF EIGHT NEW PROJECT BASED VOUCHERS IN THE 700 AMERICAN DEVELOPMENT.  AND THAT PROJECT IS OR SHOULD BE CONSTRUCTION ANY DAY NOW. SO THAT'S VERY EXCITING. AND WE ALSO ADOPTED THREE NEW VOUCHER TYPES AS PART OF OUR PROGRAM IN THE LAST FIVE YEARS AND THAT'S THE FIVE YEAR FOSTER YOUTH TO INDEPENDENCE VOUCHER VOUCHER VETERANS AFFAIRS, SUPPORTIVE HOUSING VOUCHERS AND ALSO HCV HOMEOWNERSHIP VOUCHERS. AND WE COMPLETED A PRETTY EXTENSIVE REVIEW AND REVISION OF OUR ADMINISTRATIVE POLICIES REGARDING THIS PROGRAM WHICH ALSO LED TO A WAITING LIST OPENING EARLIER THIS YEAR. SO A LOT OF MAJOR CHANGES TO THE PROGRAM OVER THIS PERIOD AND KEY MILESTONES AS WELL. SO I JUST WANT TO QUICKLY HIGHLIGHT SIX GOALS THAT WE HAVE IDENTIFIED FOR OUR FIVE YEAR AGENCY PLAN. THE BROAD THEME HERE IS BUILDING ON THE WORK OF THE LAST FIVE YEARS AND ALSO RECOGNIZING THAT HUD HAS MADE SOME PRETTY SUBSTANTIAL CHANGES TO THE PROGRAM WE ARE GOING TO BE IMPLEMENTING OVER THE NEXT FEW YEARS SO KEEPING THAT IN MIND IN TERMS OF STAFF CAPACITY TO BE ROLLING A BUNCH OF NEW PROGRAMS ON TOP OF IMPLEMENTING CHANGES TO THE PROGRAM AT THE SAME TIME SO THE SIX ARE LISTED THERE FOR YOUR REVIEW AND JUST PLACING A HIGH FOCUS ON OPERATIONAL EFFICIENCY, EXPANDING HOUSING OPPORTUNITY USE AND MAINTAINING THE PHYSICAL QUALITY OF THE HOUSING.  LIKE I JUST MENTIONED, HUD CONTINUES TO IMPLEMENT SUBSTANTIAL UPDATES TO THE PROGRAM WHICH ARE TAKING SIGNIFICANT STAFF TIME GOING TOWARDS IMPLEMENTING THESE SO INSPIRE WHICH IS ONE I KNOW WE'VE TALKED ABOUT AS A GROUP HERE THAT IMPLEMENTATION DEADLINE WAS ACTUALLY EXTENDED THROUGH OF 2025 AND SO THAT IS A BIG COMPONENT OF WHAT WE WILL BE WORKING ON OVER THE NEXT YEAR AND THEN ALSO HUD AND PUSH BACK THE IMPLEMENTATION DEADLINE FOR PARTS OF THE HOUSING OPPORTUNITY MODERNIZATION ACT ALSO KNOWN AS HOP SPECIFICALLY AROUND HOW INCOME AND ASSETS ARE CALCULATED UNDER THE PROGRAM.  SO WE HAVEN'T RECEIVED A NEW IMPLEMENTATION DEADLINE YET BUT WOULD BE SOMETHING THAT WE ANTICIPATE WOULD RESULT IN UPDATES TO OUR ADMINISTRATIVE PLANS. SO YOU MAY SEE AMENDMENTS COMING IN THE NEXT YEAR. WELL, SO JUST A QUICK REVIEW TO OF THE DIFFERENCE BETWEEN THE ANNUAL PLAN AND THE ADMINISTRATIVE PLAN THE ANNUAL PLAN FIRST AND FOREMOST KIND OF SERVES AS A SUMMARY OF WHAT WE'VE ACCOMPLISHED OUT OF THE FIVE YEAR PLAN. SO IT'S LIKE A PROGRESS REPORT BUT ALSO PROVIDES HIGH LEVEL SUMMARIES OF THE ADRIA'S POLICIES AND PROGRAMS AND OPERATIONS MEETING LOCAL HOUSING NEEDS. ANOTHER COMPONENT THE ANNUAL AGENCY PLAN IS THE RESIDENT ADVISORY BOARD PROCESS OR RAD AND SO WE ARE REQUIRED TO FORM A REASONABLE REPRESENT REPRESENTATIVE GROUP OF PROGRAM PARTICIPANTS TO PROVIDE GUIDANCE AND FEEDBACK AND SO THIS IS PART OF THE ANNUAL PROCESS AS WE PREPARE THIS PLAN AND THE WAY THAT GRAB THE WRAP PROCESS HAS TYPICALLY WORKED OUT OVER THE LAST YEARS IS WE DO SOLICIT FEEDBACK THE ENTIRE PROGRAM PARTICIPANT BODY BECAUSE WE DO NOT HAVE AN ACTIVE TENANT COUNCIL IN BLOOMINGTON.  THE ADMINISTRATIVE PLAN ON THE OTHER HAND IS MUCH MORE DETAILED REGARDING LOCAL POLICIES AND PROCEDURES. WHILE MOST OF THE IS PRESCRIBED BY HUD THERE THERE ARE SOME AREAS WHERE WE DO HAVE FLEXIBILITY LOCALLY AND THAT'S REALLY THE PLACE WHERE YOU'LL FIND LOCAL FLEXIBILITY AND COMPARED TO LAST YEAR'S PLAN THERE'S NOT SIGNIFICANT CHANGES TO ADMIN PLAN OTHER THAN THINGS THAT WE WERE REQUIRED TO UPDATE IMPLEMENT BECAUSE OF HERKIMER.  I KNOW THIS WAS PUBLISHED IN A 45 DAY COMMENT PERIOD WAS HELD FOR BOTH THE AGENCY PLANS AND THE ADMINISTRATIVE PLAN AND NOTICING OF THE COMMENT PERIOD WAS ALSO SENT TO ALL OF THE HCV PROGRAM PARTICIPANTS THROUGH THE RAD PROCESS.  NO COMMENTS HAVE BEEN RECEIVED AT THIS TIME AND THAT ENDS MY PRESENTATION. THANK YOU.  ARE THERE ANY QUESTIONS I WOOTEN SO THE PROCESS THAT BY ANY WAY INCLUDE THE QUALITY PROPERTIES THAT WE WERE ACTUALLY TAKING BACK OVER CONTROL OF . THANK YOU. CAN I SHARE SO 20 OF THE OF THE UNITS OUR PROJECT BASED VOUCHERS SO THEY ARE INCLUDED IN THAT RAB OUTREACH PROCESS AS PROGRAM PARTICIPANTS THE OTHER 21 UNITS THOSE ARE NOT COVERED UNDER THE HCV PROGRAM SO THOSE WERE NOT SOLICITED FOR UNDER THE WRAP PROCESS SPECIFICALLY.  SO FOLLOW UP TO THAT YOU MENTIONED THAT EMAIL WENT OUT TO FOLKS THERE VERY MANY SPOUSES. THANK YOU COMMISSIONER WOOTEN . AT THIS TIME WE HAVE NOT RECEIVED ANY FEEDBACK REGARDING THE PLANS.  IS THERE TIME IS THERE A TIMEFRAME?  SO THANK YOU COMMISSIONER.  THE WAY THAT THE RAD PROCESS IS IS WE ESSENTIALLY CURRENTLY ARE COMMUNICATING THE PUBLIC COMMENT PERIOD IS OPEN AND PROVIDING INFORMATION FOR WHERE THEY CAN FIND THE PLANS AND GENERAL INFORMATION ABOUT WHAT THE PLANS ARE AND HOW IT IMPACTS THEIR THEIR PARTICIPATION ON THE PROGRAM.  I'M SORRY TO THEM I'M ASKING THESE QUESTIONS IN PART BECAUSE WE'RE MAKING THESE MAJOR INVESTMENT IN INFRASTRUCTURE IMPROVEMENTS AND I'M REALLY CURIOUS AS TO WHAT'S GOING TO BE OUR PLAN OF ACTION GOING FORWARD IN RELATIONSHIP TO REALLY INTERCONNECT WITH THOSE FAMILIES TO ENSURE THAT THEY UNDERSTAND TRULY GRASP YOU KNOW, THE INVESTMENTS THAT ARE BEING MADE ON THEIR BEHALF AND MORE IMPORTANTLY THAN THAT HOW WE'RE ACTIVELY GOING TO BE HOPEFULLY HELPING THEM EVOLVE TO A POINT OF HOME OWNERSHIP.  AND SO I'M I'M VERY CURIOUS AS TO GOING FORWARD WHAT OUR PLAN OF ACTION IS GOING TO BE AROUND REALLY ENGAGING THOSE FAMILIES BEYOND JUST MANAGING THEIR PROPERTIES.  YEAH. THANK YOU COMMISSIONER WOOTEN. I WILL SAY ONE OF THE MAJOR EFFORTS THAT WE DID PUT IN THIS YEAR BUILDING OUT OUR STAFF CAPACITY AROUND THE PROPERTIES THAT WE OWN AND MANAGE TO ALLOW FOR GREATER KIND OF ONE ON ONE INTERACTION WITH OUR TENANTS SPECIFICALLY THE RENTAL HOMES FOR FUTURE HOMEBUYERS PROGRAM. SO SEPARATING OUT THE PROPERTY MANAGEMENT COMPONENTS FROM THE PROGRAMMATIC ALLOWS US TO REALLY KIND OF DIG IN A LITTLE DEEPER WITH OUR HOUSEHOLDS AND PROVIDE MORE ONE ON ONE COACHING AS APPROPRIATE.  CAN I SHARE ONE? SO ARE WE LOOKING AT DEVELOPING A PROGRAM SPECIFICALLY AROUND THAT INTERACTION? THANK YOU. CAN ASSURE WHEN SO WE CURRENTLY DO HAVE A PROGRAM FOR THE RENTAL HOMES FOR FUTURE HOMEBUYERS.  THEY MEET ANNUALLY WITH A STAFF MEMBER OF THE HRA AND THEY'RE ALSO CONNECTED TO OTHER RESOURCES LIKE THE JOURNEY TO HOMEOWNERSHIP COURSES THAT WE OFFER HERE AT THE CITY AND HOME STRETCH AND OTHER HOME BUYER READINESS PROGRAMING.  I'M NOT SURE IF THIS IS APPROPRIATE BUT I'M GOING TO ASK THAT THAT THERE BE SOME REPORTING THROUGHOUT THIS NEXT YEAR TO THE COMMISSIONERS ON THE PROCESS.  YEAH. INVOLVING THOSE FAMILIES THANKS COMMISSIONER ROHMAN. YES THAT'S DEFINITELY SOMETHING WE CAN COME BACK TO THIS BODY WITH.  ARE THERE ANY OTHER QUESTIONS BEFORE WE OPEN THIS FOR A PUBLIC HEARING AND OTHER QUESTIONS WE'LL BE LOOKING FOR MOTION TO OPEN THE PUBLIC HEARING TO SOLICIT COMMENTS ON THE 2025 HOUSING CHOICE VOUCHER SECTION EIGHT FIVE YEAR ANNUAL AND ADMINISTRATIVE PLANS.  WE HAVE A MOTION BY COMMISSIONER WOOTEN SECOND BY COMMISSIONER ISSA TO OPEN THE PUBLIC HEARING.  IF THERE'S ANYBODY HERE TO SPEAK ON ITEM 5.2 IT IS NOW OPEN FOR COMMENT SEEING NO ONE COME FORWARD. IS THERE ANYONE ON THE PHONE SEEING NO ONE COME FORWARD AND HAVING NO ONE ON THE PHONE LINE? WE BE NOW LOOKING TO CLOSE AND LOOKING FOR MOTION TO CLOSE THE PUBLIC HEARING TO SOLICIT COMMENTS ON THE 2025 HOUSING CHOICE VOUCHERS SECTION EIGHT FIVE YOUR ANNUAL AND ADMINISTRATIVE PLANS MOVE TO CLOSE WE HAVE A MOTION BY COMMISSIONER WOOTEN SECOND AND A SECOND BY COMMISSIONER MUELLER TO CLOSE THE PUBLIC HEARING. IS THERE ANY DISCUSSION HEARING NONE. ALL THOSE IN FAVOR PLEASE SIGNIFY BY SAYING I I OPPOSED MOTION PASSES SEVEN ZERO NOW WE'D BE LOOKING FOR A MOTION TO APPROVE THE 2025 HOUSING CHOICE VOUCHER SECTION EIGHT FIVE YEAR ANNUAL AND ADMINISTRATIVE PLANS FOR SUBMISSION TO THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. WE WOULD APPROVE WE HAVE A MOTION COMMISSIONER WOOTEN AND A SECOND BY COMMISSIONER MUELLER TO APPROVE THE 2025 HOUSING CHOICE VOUCHER SECTION EIGHT FIVE YOUR ANNUAL AND ADMINISTRATIVE PLANS FOR SUBMISSION TO THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT IS THERE ANY DISCUSSION HEARING NONE. ALL THOSE IN FAVOR PLEASE SIGNIFY BY SAYING I OPPOSED MOTION PASSES SEVEN ZERO. MOVING ON NOW TO DISCUSSION 6.1 OPPORTUNITY HOUSING ORDINANCE REPORT MAY WE HAVE STAFF REPORT PLEASE? THANK YOU CHAIR AND COMMISSIONERS SO THIS IS OUR OPPORTUNITY HOUSING ORDINANCE AND A REPORT WHICH IS REQUIRED REPORT OF THE ORDINANCE SO WITHIN THE ORDINANCE LANGUAGE IS A REQUIREMENT THAT A REPORT BE GIVEN TO THE CITY COUNCIL BEFORE OCTOBER 1ST OF EACH YEAR AND INTERESTED BODIES CAN RECEIVE THAT REPORT AS WELL. SO THIS REPORT WAS GIVEN TO THE CITY COUNCIL ON SEPTEMBER 9TH BUT AS THE HRA IS DEEP INTO THE WORK OF AFFORDABLE HOUSING WE THOUGHT WE'D BRING IT HERE SO WE'LL GO THROUGH THE ANNUAL UPDATES, WE'LL GO THROUGH SOME UPCOMING PROJECTS RELATED TO THE OPPORTUNITY HOUSING ORDINANCE AND THEN I'LL RAPIDLY GO THROUGH SOME OF THE DEVELOPMENT UPDATES THAT HAVE TAKEN PLACE OVER THE LAST YEAR.  SO WE ALWAYS LIKE TO GROUND IN THE RENT AND INCOME LIMITS ARE FOR THIS PROGRAM THEY'RE SET BY THEY'RE SET AT THE FEDERAL LEVEL AND FROM 2023 TO 24 THEY ACTUALLY DIDN'T CHANGE. SO THAT WAS NEW THE AMOUNTS DIDN'T CHANGE FOR HOUSEHOLDS EARNING LESS 80% OF THE AREA MEDIAN INCOME OUR AFFORDABILITY REQUIREMENTS KICK IN AT 60% SO ALL OF THOSE RENTS YOU SEE FOR 60% AMI AND LOWER ARE THE SAME AS LAST YEAR AND THAT'S BASED OF COURSE OFF OF HOUSEHOLDS PAYING NO MORE THAN 30% OF THEIR MONTHLY INCOME HOUSING. THAT'S WHAT WE CONSIDER AFFORDABLE. SO THAT SAID, THESE ARE AFFORDABLE RENTS BUT THEY'RE STILL QUITE HIGH LIKE A TWO BAD YOU SEE AT THE 60% AMI LEVEL THAT'S STILL ALMOST 1700 DOLLARS A MONTH. SO FOR OUR OPPORTUNITY HOUSING ORDINANCE THERE ARE TWO WAYS FOR OUR TWO KIND OF MAIN CATEGORIES OF BENEFITS THAT DEVELOPERS CAN GET BY COMPLYING WITH OUR ORDINANCE AND THEN GOING FURTHER AND BEYOND IN PROVIDING ADDITIONAL AFFORDABLE UNITS AND UNITS AFFORDABLE AT A DEEPER LEVEL. SO I SHOWED THIS TABLE FOR THAT SIDE OF THE DEVELOPMENT STANDARD FLEXIBILITY IS WHICH IS THINGS THAT ARE REQUIRED BY OUR ZONING CODE DEVELOPERS CAN GET SOME LOOSER RESTRICTIONS THERE YOU CAN SEE EVERY SINGLE DEVELOPMENT THAT'S COME THROUGH SINCE THIS ORDINANCE HAS BEEN IN PLACE HAVE TAKEN THE PERKINS TO PERKINS TWO REDUCTION. SO THAT'S VERY POPULAR. IT WILL CONTINUE TO BE POPULAR. THERE'S ALSO A HIGH UTILIZATION OF TAX INCREMENT FINANCING WHICH IS ONE OF THE FINANCIAL SUBSIDY CATEGORIES OF THE RACHEL AND THEN ALL THE WAY ON THE RIGHT SIDE I WANTED TO POINT OUT WHAT ANNA MENTIONED WHICH IS THE OF PROJECT BASED VOUCHERS. SO WE DO ACTUALLY CALL THAT OUT IN HER SHOW AS ONE OF THE BENEFITS THAT PROJECTS CAN RECEIVE IF THEY OFFER THAT DEEPER AFFORDABILITY AND THAT PROJECT IS THE 700 AMERICAN BOULEVARD DEVELOPMENT. SO WE PARTNERED WITH THEM TO GET THOSE VOUCHERS IN PLACE.  SO THIS IS OUR AFFORDABLE HOUSING TRUST FUND. THE TRUST WAS ESTABLISHED WITH THE SAME ORDINANCE AS THE OPPORTUNITY HOUSING ORDINANCE . SO IT'S CHAPTER NINE IN OUR CODE OF ORDINANCES IF YOU WANT TO GO TAKE A LOOK BUT THAT'S BEEN IN PLACE SINCE 2019 IT WAS INITIALLY WITH A ALMOST A $15 MILLION LOAN FROM OLD NATIONAL BANK AND WE WERE ABLE TO USE THAT FUNDING TO SUPPORT THESE FIVE DEVELOPMENT PROJECTS. SO AS OF 700 AMERICAN WHICH WE MENTIONED IS ABOUT TO BREAK GROUND, WE WILL HAVE FULLY UTILIZED THAT INITIAL $15 MILLION AND WE WERE ABLE TO ACHIEVE SOME GREAT ACCOMPLISHMENTS WITH THAT MONEY IN TERMS OF GETTING DEEPER AFFORDABILITY, I THINK 700 AMERICAN IS GREAT TO HIGHLIGHT. THEY HAD INITIALLY PROPOSED A 60% AMI LOW INCOME HOUSING TAX CREDIT PROJECT AND THROUGH OUR SUBSIDY THROUGH THE PROJECT BASED VOUCHERS AND PARTNERING WITH THEM TO GET LOCAL FUNDING SOURCES THEY BROUGHT THAT DOWN TO 50% AMI SO THEY USED WHAT'S CALLED INCOME AVERAGING MEANS ACROSS THOSE UNITS OF AFFORDABLE THOSE AFFORDABLE UNITS THE AVERAGE RENT IS AFFORDABLE FOR 50% OR LOWER.  WE ALSO EMBARKED ON OUR FIRST COMPLIANCE PROCESS FOR THE OPPORTUNITY HOUSING ORDINANCE OVER THE LAST YEAR AND IT WAS SUCCESSFUL WE REACHED OUT DIRECTLY TO PROPERTY MANAGERS OF ALL OF THE DEVELOPMENTS THAT HAVE UNITS WHICH WERE REQUIRED UNDER THE OPPORTUNITY HOUSING ORDINANCE.  THE MAIN TAKEAWAY IS TO REPORT OUR THAT IT'S KIND OF A MIXED BAG OF COMPLIANCE SO A LOT OF THE NEW PROJECTS ARE VERY HAVE BEEN VERY SUCCESSFUL AND THEIR COMPLIANCE YES AND THAT'S COME THROUGH A LOT OF STAFF TIME AND TECHNICAL ASSISTANCE THAT WAS PROVIDED TO GET THEM ESTABLISHED SOME OF THE OLDER PROJECTS SO THINKING OF PROJECTS THAT WERE BUILT AT THE BEGINNING OF THE ORDINANCE AND THOSE PROJECTS THAT HAVE MORE MIXED INCOME SO THEY'RE NOT COMPLETELY THOSE WERE PROJECTS WHERE WE IDENTIFIED SOME NONCOMPLIANCE . IN ONE CASE WE DID REQUIRE BACK PAY TO RESIDENTS WERE PAYING MORE THAN THEY SHOULD HAVE UNDER OUR ORDINANCE.  SO NOW WE'RE BACK INTO COMPLIANCE WITH THAT DEVELOPMENT AND.  WE ARE EXPLORING WAYS TO ENSURE WHEN WE'RE LOOKING AT COMPLIANCE CATCHING ALL OF THOSE THINGS LOOKING FORWARD ONE OF THE CONSIDERATIONS TO MAKE WOULD BE EXPLORING WORKING WITH AN EXTERNAL PARTNER TO CONDUCT COMPLIANCE THE BENEFIT THERE IS WE'D BE GETTING A UNIFORM COMPLIANCE PROCESS ACROSS OF THE DEVELOPMENTS INSTEAD OF IT BEING KIND OF A PROPERTY BY PROPERTY MANAGER BY PROPERTY MANAGER BASIS OF WHETHER OR NOT THERE'S FULL COMPLIANCE WITH OUR REQUIREMENTS. SO THAT'S SOMETHING THAT WE ARE THE OTHER THING THAT WE'RE WORKING ON EXAMINING IS THE HOUSING NEXUS STUDY. SO WE MENTIONED THIS IS THIS IS COMING THE STUDY THAT WAS CONDUCTED TO ESTABLISH  BASIS OF THE ORDINANCE BACK IN 2019 IS REACHING THE END OF ITS RELEVANT LIFESPAN SO IT'S NOT AS RELEVANT TO ECONOMIC CONDITIONS THAT WE'RE CURRENTLY IN . SO OUR PLAN IS TO GO OUT FOR RFP IN OCTOBER IN THIS MONTH TO PARTNER WITH A CONSULTANT TO CONDUCT THIS STUDY WE WERE ABLE TO SECURE $45,000 FROM THE MET COUNCIL TO SUPPORT THIS STUDY AND IT'S EXPECTED THAT THE RESULTS OF THE STUDY WILL INFORM UPDATES TO THE LAW WHICH OF COURSE WOULD COME TO THIS BODY FOR RECOMMENDING APPROVAL TO THE CITY COUNCIL JUST AS WE DID LATE LAST YEAR WITH OUR AMENDMENT PROCESS. SO THE THINGS THAT WE SPECIFICALLY WANT TO EXAMINE ARE WHETHER OR NOT THAT BASED REQUIREMENT OF 9% OF UNITS AT 60% AMI IS STILL RELEVANT BOTH TO THE ECONOMIC CONDITIONS AND ALSO TO THE GOALS OF THE CITY AND.  THEY ITERATIVE.  FINALLY ANOTHER UPCOMING ITEM IS KIND OF A SLEW OF ADDITIONAL ANALYZES SO JUST LEAVE THAT FOR YOU TO TAKE A LOOK AT AND CAN TO ANY OF THESE ITEMS IN DETAIL IF YOU'D LIKE.  AND THE LAST THING I WANT TO REPORT ON IS OUR MET COUNCIL GOALS SO THE METROPOLITAN COUNCIL ALLOCATES HOUSING NEED TO EACH OF THE MUNICIPALITIES WITHIN THE MET COUNCIL REGION AND SO BLOOMINGTON HAS BEEN ALLOCATED A PERCENTAGE OF OR NOT A PERCENTAGE BUT A SPECIFIC COUNT OF THE HOUSING UNITS THAT ARE THAT WILL BE NEEDED BY 2030 AND THIS IS STARTING IN 2021. SO WE'VE ACTUALLY DONE QUITE WELL ON BUILDING HOUSEHOLDS HOUSING UNITS AFFORDABLE TO HOUSEHOLDS EARNING 60% OR LESS WITH 700 AMERICAN BREAKING GROUND SOON IF THAT PROJECT GETS TO IT'S A COMPLETION WE'LL HAVE ACHIEVED OUR GOAL FOR 50% AMI BUT WE HAVE A LONG LONG WAY TO GO FOR 30% MORE. SO THAT'S SOMETHING WE WILL NEED TO WORK HARD ON AND IT DOES KIND OF HIGHLIGHT A CHALLENGE WHICH IS THAT WE HAVE EXPENDED THAT LOAN THAT $15 MILLION LOAN WHICH WAS OUR MAIN TOOL TO SUBSIDIZE THE CONSTRUCTION OF THOSE AFFORDABLE UNITS. SO YOU CAN SEE OF THOSE DEVELOPMENTS THAT ARE THAT HAVE INCLUDED 30% OF MY UNITS THOSE ALL RECEIVED LOANS FROM OUR TRUST FUND.  SO THAT'S GOING TO BE A CHALLENGE TO OVERCOME IS TO FIND A NEW SOURCE FOR THAT PROGRAM. SO NOW I'LL QUICKLY RUN THROUGH JUST THOSE PROJECTS THAT WRAPPED UP THIS YEAR OR ARE IN CONSIDERATION SO WE SAW THE COMPLETION OF CARBON 31 AND RISER AS WELL AS NOBLE APARTMENTS AND HAWKESBURY HEIGHTS. SO WAS A BUSY YEAR OF COMPLETIONS UNDER CONSTRUCTION STILL HAVE QUITE A FEW PROJECTS 6701 WITH 78TH STREET IS THE ENCLAVE DEVELOPMENT OVER TOWARD THE WEST SIDE OF BLOOMINGTON. WE ALSO SAW 18 ON AMERICAN BOULEVARD WEST IS MAKING A LOT OF PROGRESS AND THEN THE ARDOR WILL SOON BE COMPLETED. I BELIEVE THIS FALL IS STILL THERE COMPLETION TARGET BUT THAT IS A MARKET RATE PROJECT . THEY PAID THEIR FEE IN LIEU OF BUILDING AFFORDABLE UNITS AND WE WOULD SEE THAT THAT'S THE FEE IN LIEU THAT MUST BE A SUBSEQUENT PROJECT MUST BE IT MUST HAVE RECEIVED FINAL DEVELOPMENT APPROVAL BY NEXT YEAR SO WE'LL BE WATCHING FOR THAT AND THEN THIS IS 700 AMERICAN. SO THIS APPROVED AND HOPEFULLY IN THE NEXT WEEK OR SO WE CAN UPDATE THAT STATUS TO UNDER SO THANK YOU AND I CAN TAKE ANY QUESTIONS ON ANY OF THE CONTENT AND Q ARE THERE ANY QUESTIONS CONCERNING MORE THEATER?  COUPLE OF QUESTIONS. I'M WONDERING ABOUT THE THE PARKING INCENTIVE HAVE WE'VE HAD ANY ISSUES OR COMPLAINTS FROM NEIGHBORS REGARDING THE REDUCED PARKING INCENTIVE?  THANK YOU. CHAIR COMMISSIONER MORE WE HAVE HAD ONE SO THERE WAS ONE PROJECT IN PARTICULAR THAT RECEIVED THE MAXIMUM PARKING STALL REDUCTION WHICH ISN'T COMMON. MOST OF THE PROJECTS ARE RECEIVING A SMALLER AMOUNT.  THERE'S A RANGE OF REDUCTIONS THAT ARE AVAILABLE THROUGH THE TRIAL AND IT'S BASED OFF OF WHAT SORT OF TRANSIT AREA YOU'RE IN . SO THAT PROJECT WAS IN THE ONE OF THE HIGHEST TRANSIT AREA,  THE HIGHEST QUALIFIED TRANSIT AREAS AND AS A RESULT RECEIVED THE MAXIMUM REDUCTION. THERE WERE SOME ISSUES WITH GAS TO THE APARTMENT NOT BEING ABLE TO ACCESS PARKING UNITS WITHIN THE PERIMETERS OF THE THE DEVELOPMENT AND WE'RE HAVING TO PARK ON STREET WHICH AS WE KNOW IS CAN BE A CHALLENGE IN BLOOMINGTON.  SO THAT WAS ONE WHERE WE DID RECEIVE SOME COMPLAINTS WE THINK WE LIAISON WITH THAT PROPERTY MANAGER TO TRY AND COME UP WITH A SOLUTION. I HAV'T HEARD OF ANY COMPLAINTS SINCE THEN. THAT WAS YEAR.  SO BESIDES THAT ONE PROJECT I HAVE HEARD NO COMPLAINTS. IT'S AWESOME.  AND THEN MY SECOND QUESTION IS ABOUT THE THE LOAN THE LOANS WE HAVE. RIGHT? THE IDEA WAS THAT WE'D HAVE 50 MILLION WE'D BE ABLE TO LOAN THESE OUT AND THEN GET THE REPAYMENT BACK. WHAT IS THE REPAYMENT PERIOD WHERE WE START SEEING MONEY COME BACK TO BE ABLE TO USE TOWARDS OTHER PROJECTS? DO WE HAVE AN IDEA COUNCIL OR COMMISSION? WELL IT'S A GREAT QUESTION AND IT'S ALSO PART OF OUR BEST INTENTIONS ON THIS WORK IS TO GET THAT REPAYMENT AND REPROGRAM IT WITH KIND OF A REVOLVING LOAN APPROACH AS HAVE BEEN IN PLACE.  WHAT WE'VE FOUND IS THE CASH FLOW FOR SOME OF THOSE PROJECTS HASN'T MET THE EXPECTATIONS THAT WERE SET IN THE ORIGINAL DEVELOPMENT PROCESS AND AS A RESULT WE'RE GETTING LOWER PAYMENTS AND THAT MEANS WE CAN'T FULLY MAKE THE PAYMENT ON THAT LOAN THAT WE TOOK OUT WITH THE NATIONAL BANK FOR THE 15 MILLION. SO WHAT WHAT WAS PART OF THAT ORIGINAL DEAL WAS THE BACKSTOP OF THE HRA LEVY. SO YOU'RE PROBABLY FAMILIAR WITH THAT HALF MILLION DOLLARS THAT GETS SET ASIDE WITHIN THE HRA LEVY FOR REPAYMENT OF THAT ORIGINAL LOAN. SO AS A RESULT WE'RE PROJECTING WE'LL NEED ALL OF THIS FUNDING TO MAKE SURE WE'RE MAKING THOSE PAYMENTS WHEN WE GET FURTHER DOWN THE ROAD THAT WOULD BE THE POINT WHERE WE COULD REASSESS HOW MUCH OF THIS REPAYMENT CAN BE REPROGRAMED AND I THINK THAT EARLIEST DATE IS STILL QUITE A WAYS OUT LIKE MANY YEARS OUT. SO IN TERMS OF THIS REPAYMENT COMING IN AND BEING REPROGRAMED TO TO OTHER PROJECTS, THAT'S NOT THAT'S NOT A SHORT TERM OPPORTUNITY UNFORTUNATELY.  BUT YOU COMMISSIONER, WOULDN'T IS THERE ANY FEAR OF ANY DEFAULT CHAIR COMMISSIONERS NO, THERE'S NO FEAR OF DEFAULT AND WE HAVE A GREAT FINANCE TEAM THAT IS MAKING SURE THAT THAT DOESN'T TAKE PLACE.  SO I APOLOGIZE IF I PORTRAYED THAT IN ANY WAY. OKAY. THANKS.  I DO HAVE ONE QUESTION REGARDING BLOOMING MEADOWS IF I REMEMBER CORRECTLY WITH THAT PROPERTY THERE WAS THE NEW PROPERTY BUT THEN THERE'S THE THE OLDER PROPERTY AND PART OF THAT WAS TO REFURBISH UNITS WITHIN THAT OLDER PROPERTY WHERE IS THAT SITTING? SO I KNOW THERE WAS SOME PUSHBACK THERE WAS SOME ISSUES AND I JUST WANT TO KNOW CLEARLY KIND OF HAVE THOSE HAVE THE APARTMENT, HAVE UNITS BEEN REFURBISHED AND UP BACK UP TO CODE NOW OR WHERE ARE WE SITTING BECAUSE I JUST DON'T FEEL LIKE WE EVER GOT THAT RESOLUTION ON THAT CHAIR COMMISSIONERS SO THAT PROJECT DID TAKE PLACE AND 306 UNITS WERE THEY RECEIVE SUBSTANTIAL REHABILITATION. SO I DON'T I WASN'T AROUND FOR THE SPECIFICS OF THAT SO I HAVEN'T I DON'T KNOW MORE DETAIL THAN TO SAY THAT PROJECT WAS COMPLETED BUT I'M SURE WE COULD GET MORE INFORMATION ON WHERE THAT IS NOW I'M NOT AWARE OF ANY LIKE CODE COMPLIANCE ISSUES THAT EXIST CURRENTLY SO I WOULD IMAGINE THAT THOSE WERE REMEDIATED WHEN REHABILITATION TOOK PLACE BUT IT DID HAPPEN.  YES. YES, PERFECT. THANK YOU. I JUST KNEW WE DIDN'T GET THE COMPLETE FOLLOW UP BECAUSE I THINK THAT'S WHEN LIKE THINGS WERE TURNING OVER AND THINGS WERE SWITCHING SO I APPRECIATE THAT. I JUST WANT TO MAKE SURE THOSE HAD GONE BACK UP TO COMPLIANCE BECAUSE THAT WAS AN ISSUE AND A CONCERN THAT THE BOARD HAD AT THE TIME. SO OTHER THAN THAT OR ARE THERE ANY OTHER QUESTIONS THIS WAS I KNOW THANK YOU SO MUCH FOR THIS UPDATE. GREATLY APPRECIATE IT THANK YOU. WITH THAT WE'D BE LOOKING INTO ADJOURNING THE MEETING SO WE'D BE LOOKING FOR A MOTION TO ADJOURN THE TUESDAY OCTOBER 8TH, 2010. SORRY. OH SORRY. WE HAVE A COUPLE OF QUICK UPDATES BY ADMINISTRATOR AND NO WORRIES.  JUST A COUPLE OF QUICK NOTES SO IS THAT WE WILL LIKELY HAVE AN UPCOMING AGENDA ITEM ON THE HIGHLIGHTS WHICH?  I'M SURE YOU'RE ALL FAMILIAR WITH THAT SITUATION. AND SO WE HAVE A A WITH RESIDENTS TOMORROW AND NO ONE HAS ANY QUESTIONS. FEEL FREE.  ASK ME ABOUT THAT IF ONE OR TWO COMMISSIONERS WOULD LIKE TO ATTEND WE'RE OPEN TO THAT AS WELL. AND THEN THE OTHER JUST A QUICK UPDATE IS THAT WE DO HAVE ANOTHER ASSISTANT ADMINISTRATOR POSITION THAT HAS BEEN POSTED AND WE'RE HOPING TO FILL IN THE NEXT COUPLE OF MONTHS HERE. THAT'S IT.  ALL RIGHT. THANK YOU. ANY QUESTIONS ON THOSE ITEMS? 530 WITH NO OTHER QUESTIONS BE LOOKING. WE WOULD NOW BE LOOKING FOR A MOTION TO ADJOURN THE TUESDAY OCTOBER EIGHTH, 2020 FOR HOUSING AND REDEVELOPMENT AUTHORITY MEETING.  WE HAVE A MOTION BY COMMISSIONER YOU SAY AND A SECOND BY COMMISSIONER MUELLER TO ADJOURN THE MEETING. IS THERE ANY DISCUSSION HEARING THEN ALL THOSE IN FAVOR OF SAYING PLEASE SIGNIFY BY SAYING I OPPOSED MOTION PASSES SEVEN ZERO MEETING IS ADJOURNED