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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />1.7 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />Housing and Redevelopment Authority Meeting Minutes <br />June 26, 2007 <br />Page 2 <br />IV. GENERAL POLICY BUSINESS OF THIS, H.R.A. <br />None <br />V. STAFF REPORTS. <br />Executive Director Mornson reported a meeting was held with Mr. Pratt who stated only 35 units <br />are remaining for sale. He commented Mr. Pratt indicted they are averaging four sales per <br />month, and hopes to be under ten units by end of the year. I -Ie reported Mr. Pratt anticipates <br />beginning construction on Building #3 Fall 2007. <br />Executive Director Mornson reported a call was placed to Fanny Mae requesting an extension on <br />the loan. He stated Fanny Mae is currently reviewing the application for extension. <br />VI. H.R.A. COMMISSIONER COMMENTS. <br />None. <br />VII. INFORMATION AND ANNOUNCEMENTS. <br />None <br />VIII. ADJOURNMENT. <br />Vice Chair Horst adjourned the meeting at 9:05 p.m. <br />Respectfully submitted, <br />Dianna Wise <br />TimeSaver• Off Site Secretarial, Inc. <br />2 <br />