HomeMy WebLinkAbout2025/08/13 - ADMIN - Minutes - Housing Authority - RegularSI/St.Louis ParkJIsor»
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1.Call to order:The meeting was called to order at 5:00 p.m.
Official Minutes
Housing Authority meeting
St.Louis Park,Minnesota
August 13,2025
Roll call:
Members present:Shelby Conway,Thom Miller and Jolene Tanner
Member absent:Catherine Courtney
Staff present:Angela Nelson,Marney Olson,and Nicole Randall
Guests:Rebecca Petersen,CPA,RedPath and Company
2.Approval of Minutes -Minutes for the June 2025 board meeting were reviewed.
It was moved by Commissioner Tanner,seconded by Commissioner Conway,to approve
the June 2025 minutes as presented.
Motion passed 3-0.
3.Hearings
4.Presentation -Rebecca Petersen from RedPath and Company presented the financial
audit for fiscal year ended December 31,2024.The result is a "clean"or unmodified
opinion issued on the 2024 financial statements.There is one internal control finding
related to audit adjustments that is required to be reported.It is an extremely common
finding for smaller,local governments and in this instance heavily impacted by the
implementation of Yardi.There were checks that were being accrued at year-end to get
expenses into the right reporting period.The way it was done in Yardi resulted in a
misstatement to cash.
The Housing authority remains in solid financial position to meet its outstanding
obligations and continue to operate into the foreseeable future.The housing authority
has no material weaknesses or deficiencies.No action required.
5.Unfinished Business -None
6.New Business
a.Authorization to enter into a contract with Hennepin County to administer the
Stable HOME rental assistance program,Resolution No.778.
Ms.Randall provided an overview of the Stable Home program.Since 2014
Hennepin County has contracted with the Housing Authority to administer a county
tenant based rental assistance program.Federal funding uncertainty has prompted
both HA and county staff to look at contingency plans if funding were to be
eliminated for any reason.Additional language regarding the termination of the
contract is being negotiated.These terms include a termination notice requirement
Official Minutes
Housing Authority
August 13,2025
and relocation benefits for tenants,should the contract need to be terminated due
to the lack of federal HOME funding.
Ms.Olson added that if the HOME program was terminated,the voucher holder's
lease would terminate,as well.The tenant will not be obligated to stay in their
current lease.This is currently included in the landlord's HAP contract.
It was moved by Commissioner Conway,seconded by Commissioner Tanner to
authorize the housing authority to enter into a contract with Hennepin County to
administer the Stable HOME rental assistance program,Resolution No.778.
Motion passed 3-0.
7.Communications
8.Other
9.Adjournment
It was moved by Commissioner Conway,seconded by Commissioner Tanner,to adjourn
the meeting.
Motion passed 3-0.
The meeting was adjourned at 5:35 p.m.
Respectfully submitted,
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