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Housing & Redevelopment Authority - HRA-Packet-06-03-2026 Supporting Documents - 06/03/2026
OTTER TAIL COUNTY – MINNESOTA HOUSING AND REDEVELOPMENT AUTHORITY AGENDA Government Services Center, Otter Tail Lake Room 515 West Fir Avenue, Fergus Falls, MN June 3, 2026 | 12:45 pm Commissioners may participate in the meeting by interactive technology. 1. Call Meeting to Order and Roll Call – Chairperson 2. Approval of Agenda 3. Consent Agenda A. Regular Board Meeting Minutes, May 6, 2026 B. Housing Choice Voucher Rental Assistance Program for April 2026 C. Housing Trust Fund for April 2026 D. Public Housing and Senior Housing for April 2026 E. Check Report and Financial Reports for April 2026 4. New Business A. Call for Public Hearing regarding sale of HRA owned parcel(s) in Vergas, MN 5. Old Business A. None 6. Discussion A. Annual Goals & Strategic Initiatives B. Payment In Lieu of Taxes (PILOT) Calculation 7. Executive Director Report A. Legislative Recap 8. General Discussion – Topics by Commissioners 9. Adjourn 1/34 2/34 The Otter Tail County HRA Board of Commissioners Met for a regular meeting on May 6, 2026 at 1:00 pm At the Otter Tail County Government Services Center 515 W Fir Ave, Fergus Falls, MN Board Members Present: Wayne Johnson, Chairperson Jeff Ackerson Kurt Mortenson Leland Rogness, Vice Chairperson Absent: Megan Myers Others Present: Amy Baldwin, OTC HRA Executive Director Tanya Westra, OTC HRA Housing Program Supervisor Aann Christopherson, OTC HRA Accountant Paula Grunewald, OTC HRA Administrative Assistant 1. CALL TO ORDER Chairperson Johnson called the meeting to order at 1:11 pm. 2/3. APPROVAL OF CONSENT AGENDA ITEMS Motion made by Kurt Mortenson, second by Leland Rogness to approve the May 6, 2026 Agenda and the Consent Agenda without additions or changes. Motion passed unanimously. Amy Baldwin noted Public Housing and Northfields of Dalton were at 100% occupancy. 4. NEW BUSINESS A. Resolution No. 334 Authorizing Obligation and Expenditure of Capital Funds; Authorizing Execution of Contracts for Replacement of Furnaces and Water Heaters Tanya Westra, HRA Housing Program Supervisor stated furnaces in Underwood need to be replaced due to the cost of propane and the age of 2 of the 3 furnaces. Funds remaining in the 2024 Capital Funds Grant need to be utilized and the remainder of the project will be funded by 2025 Capital Funds. The water heaters are propane so they would also be replaced as part of this project. After receiving bids, staff recommends approval of bids from J Brothers (without electric work) and Ohren Electric. A motion made by Jeff Ackerson, second by Kurt Mortenson for Resolution 334 agrees with staff recommendations in authorizing obligation and expenditure of Capital Funds; and authorizing the execution of contracts for replacement of furnaces and water heaters for the scattered site public housing units located in Underwood. Motion passed unanimously. 3/34 OTTERTAIL COU TY· MINNESOTA HOUSING AND REDEVELOPMENT AUTHORITY Government Services Center 500 West Fir Avenue Fergus Falls, MN 56537 218-998-8730 @ OTTER TAIL COUNTY IS AN EQUAL OPPORTUNITY EMPLOYER @ ottertailcounty.gov LIVE YOUR best life HERE. Pg. 2 5. OLD BUSINESS – None 6. DISCUSSION A. Senior Affordable Housing Program Electricity Billing B. Vergas Residential Lots C. Preliminary Budget 7. EXECUTIVE DIRECTOR REPORT A. HUD NSPIRE Inspection Report Our first Inspection thru NSPIRE was held in March. B. MHP County Profile Report for Otter Tail County reviewed. C. Project Maintenance Position Discussed the need for support of our Project Manager, the position may be budget neutral and would help build efficiencies. 8. GENERAL DISCUSSION – TOPICS BY COMMISSIONERS A. Budget – when we put money aside to leverage it is a good investment. B. New York Mills applied for and was awarded a $75,000 grant for the construction of affordable senior housing. At 2:20 pm a motion was unanimously carried to adjourn the meeting. ________________________________________________________ ___________________ Secretary/Clerk Date 4/34 4/30/2026 5/1/2026 Difference 36,443.85$ 34,558.68$ -$1,885.17 72 71 -1 29,884.00$ 27,988.00$ *HAP Adjustment *Utility Adjustment *Portability Tranactions (Out)6,245.00$ 6,245.00$ 61.00$ 61.00$ *Portablilty Admin Fee (Paid)253.85$ 264.68$ 4/30 5/1 New Admissions 0 End Participation 1 Vouchers Issued 1 0 Current HCV Participant Ports-Out Paid 5 5 Ports Out Pending 0 0 Ports In Pending 0 0 4/30/2026 Waiting List/To Date 196 Applications in Progress 8 Vouchers issued 1 From Waitlist & Port In ELI%100%YTD Monthly Trend Report*Units Available Units Leased Leasing %Budget %Per Unit $ November 2025 144 79 60.8% 79.8% 517.21$ December 2025 144 78 60.1% 79.2% 514.53$ January 2026 144 73 50.7% 86.0% 514.52$ February 2026 144 71 50.0% 85.2% 516.59$ March 2026 144 72 51.2% 86.0% 509.48$ April 2026 144 72 50.9% 85.4% 506.16$ *Leasing % and Budget % based on cumulative activity during calendar year Per Unit $ is rolling three month average *Portability Utility Reimbursement Portability Adjustments OTC Section 8 Housing Choice Voucher Rental Assistance Program Summary of Actions April 30, 2026 Program Total Financial Transaction Paid This Month* UML (Unit Months Leased or # of Households) *HAP & Utility Reimbursement Payments 5/34 &, OTTE:R 'TAIL ~, COUNTY -MINNESOTA 218-998-8730 ® HOUSINIG AND REDEVIEL.OPMENT AUTHORITY OTTER TAIL COUNTY IS AN EQUAL OPPORTUNITY EMPLOYER Go,v,etn men,t Services Center 500 Wes:t Fir Avenue Fergus Falls, MN 56537 @ ottertailcounty.gov HOUSING TRUST FUND PROGRAMS (HTF) BOARD REPORT April 2026 Program Applications Approved Applications Denied Inspections Conducted Proceed to Work Issued Projects Complete Goal Program End Date Housing Trust Fund Emergency Home Repair Program (EHRP) 0 0 0 0 0 On-Going Down Payment Assistance (DPA) 2 0 N/A N/A 2 On-Going Rent Rehab – RR 0 0 0 0 0 On-Going Affordable Rental Unit Construction - ARUC 1 0 1 1 0 On-Going Residential Owner- Occupied Leverage (ROHL) 0 0 0 0 0 PELICAN RAPIDS 09/30/2027 SCDP: Commercial 4 1 5 1 10 SCDP: Homeowner 14 1 14 7 2 17 6/34 218-998-8730 @ HOUSING AND REDEVELOPMENT AUTHORITY OTTER TAIL COUNTY IS AN EQUAL OPPORTUNITY EMPLOYER Government Services Center 500 West Fir Avenue Fergus Falls, MN 56537 (!) EOU/\L HOUSING OPPORTUNITY @ ottertailcounty.gov PUBLIC HOUSING BOARD REPORT April 2026 Rents Payable $ 5,526.00 Rents Collected $ 5,526.00 Total Negative Rents $ 0 Negative Rents Paid $ 0 Late Fees Charged $ 86.00 Late Fees Collected $ 86.00 Number of Units Paying Flat Rent 2 Fiscal Year ELI WAITING LIST as of 5/04/2026 Community 2 Bedroom 3 Bedroom 4 Bedroom Pelican Rapids 21 24 N/A Underwood 9 12 3 Henning 8 10 2 New York Mills 13 6 3 VACANCIES UNIT VACATED LEASE SIGNED *104 Smith Ave, NY Mills *lease term effective 3/31/26 non-payment of rent *new lease signed 5/1/26 7/34 218-998-8730 ® HOUSING AND REDEVELOPMENT AUTHORITY OTTER TAIL COUNTY IS AN EQUAL OPPORTUNITY EMPLOYER Government Services Center 500 West Fir Avenue Fergus Falls, MN 56537 G:r EOUJ\L HOUSING OPPORTUNITY @ ottertailcounty.gov AFFORDABLE SENIOR HOUSING BOARD REPORT April 2026 Rents Payable $ 5,300.00 Rents Collected $ 5,300.00 Late Fees $ 0.00 Late Fees Collected $ WAITING LIST as of 4/09/2026 Community 1 Bedroom 2 Bedroom Dalton 6 VACANCIES UNIT VACATED LEASE SIGNED 1 8/34 218-998-8730 ® HOUSING AND REDEVELOPMENT AUTHORITY OTTER TAIL COUNTY IS AN EQUAL OPPORTUNITY EMPLOYER Government Services Center 500 West Fir Avenue Fergus Falls, MN 56537 (!) EOUI\L HOUSING OPPORTUNITY @ ottertailcounty.gov Doc Num Voided Type 198 No DD 199 No DD 200 No DD 201 No DD 202 No DD 1705 No CHK 1706 No CHK 1707 No CHK 1708 No CHK 1709 Yes CHK 1709 No VD 1710 No CHK 1711 No CHK 1712 No CHK 1713 No CHK End of Report Total:15 $91,916.90 Vendor Accounting Void 1 ($11,400.00) Vendor Accounting Total 15 $91,916.90 Transaction Type Summary Transaction Type Count Amount Vendor Accounting - 14 $103,316.90 Total:15 $91,916.90 Check (CHK)9 $102,450.04 Void Payment (VD)1 ($11,400.00) Count Amount Direct Deposit (DD)5 $866.86 Project Summary Program - Project Payments Deposits General Revolving (GR) - $91,916.90 $0.00 Total:$91,916.90 $0.00 Document Type Summary Document Type Cleared: 11 $74,388.74 Uncleared: 4 $17,528.16 Total Payments: 15 $91,916.90 04/17/2026 Window Envelopes Yes $242.62 04/24/2026 Down Payment Assistance HTF-DPA-2026-02 No $12,600.00 04/17/2026 Recording fee Yes $50.00 04/17/2026 March 2026 Payroll Yes $73,042.26 04/13/2026 Down Payment Assistance No $11,400.00 04/17/2026 Wrong amount.No ($11,400.00) 04/13/2026 Assignments CDA to HRA Yes $46.00 04/13/2026 Assignments CDA to HTF Yes $46.00 04/13/2026 PRCom2025-01 Panel Wiring No $4,928.16 04/13/2026 SCDP O & E Reports Yes $95.00 04/13/2026 Per Diem/Mileage Yes $104.73 04/24/2026 Mar 9-Apr 17, 2026 Consulting Services Yes $526.25 04/13/2026 Per Diem/Mileage Yes $77.90 04/13/2026 Per Diem/Mileage Yes $75.00 Payment Date Document Description Cleared Amount 04/13/2026 Per Diem/Mileage Yes $82.98 Otter Tail County Housing Redevelopment Authority General Ledger Cash Payment/Receipt Register General Revolving (GR) Posted Payments www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 1 of 1 5/13/2026 9:02:11 AM Printed by: Aann Christopherson 9/34 33% Period YTD Annual Remaining Amount Amount Budget Budget INCOME 3610 Interest Income 3703/5353/3741/0054 139.96 4,251.51 8,000.00 (3,748.49)53% 3690.01 SCDP Administration (DEED) - All Communities 1,625.55 67,500.00 (65,874.45)2% 3690.02 SCDP City/Grant Funds - All Communities 10,837.00 450,000.00 (439,163.00)2% 3691 Levy Revenue 1,610,431.00 (1,610,431.00)0% 3693.05 CHIP Rental Rehab Revolving Loan Payments 705.00 4,522.21 9,800.00 (5,277.79)46% 3694 HTF Contributions 75,000.00 (75,000.00)0% 3697 Owner Match Revenue 411.00 3,000.00 (2,589.00)14% TOTAL INCOME 844.96 21,647.27 2,223,731.00 (2,202,083.73)1% EXPENSES 4130 Legal 733.50 20,000.00 19,266.50 4% 4140 Staff Training 943.28 6,000.00 5,056.72 16% 4150 Travel 76.45 500.00 423.55 15% 4170 Accounting 15,000.00 30,000.00 15,000.00 50% 4171 Audit 20,750.00 20,750.00 0% 4190 Other Administrative Expenses 178.00 5,000.00 4,822.00 4% 4190.01 Manuals, Subscriptions 1,000.00 1,000.00 0% 4190.02 Office Supplies 391.25 1,700.00 1,308.75 23% 4190.03 Postage 717.20 2,500.00 1,782.80 29% 4190.05 Dues 993.48 1,500.00 506.52 66% 4190.06 Advertising 2,000.00 2,000.00 0% 4190.08 Consulting Fees 526.25 1,149.05 40,000.00 38,850.95 3% 4190.2 Management Fees-OTC Admin 136,914.91 643,985.00 507,070.09 21% 4210 Board Member Payments 1,274.78 5,000.00 3,725.22 25% 4420 Maintenance - Materials 394.52 (394.52) 4430.1 Misc Contracts - Software 7,756.00 12,500.00 4,744.00 62% 4510 Insurance 15,574.35 53,000.00 37,425.65 29% 4570 Housing Choice Voucher Payroll Operating Support 21,593.93 (21,593.93) 4570.1 Housing Choice Voucher Program Support 30,000.00 30,000.00 0% 4580.1 Public Housing Program Support 20,000.00 20,000.00 0% 4590.01 SCDP O & E Reports 190.00 1,425.00 1,235.00 13% 4590.02 SCDP Lead Based Paint Testing 700.00 10,000.00 9,300.00 7% 4590.03 SCDP Construction (DEED)70,433.54 439,310.00 368,876.46 16% 4590.04 SCDP Recording Fees 46.00 690.00 644.00 7% 4592.01 HOP Demolition/Site Clearance 45,000.00 45,000.00 0% 4593.02 CAP Property Acquisition 25,000.00 25,000.00 0% 4593.03 CAP Consulting Fees 5,000.00 5,000.00 0% 4593.04 CAP Architect/Engineering 5,000.00 5,000.00 0% 4593.05 CAP Legal Fees 5,000.00 5,000.00 0% 4597.01 County Assistance Repay Principal (BUDGET USE ONLY 35,326.00 35,326.00 0% 4597.02 County Assistance Repay Interest-N Fields Dalton (2,037.21) 15,128.00 17,165.21 -13% 4598 Owner Match Expense 10,970.65 3,000.00 (7,970.65)366% 4694 Housing Trust Fund 375,000.00 375,000.00 0% 4694.01 HTF Down Payment Assistance (DPA)1,200.00 23,700.00 (23,700.00) 4694.04 HTF Affordable Rental Unit Constr (ARUC) Repayment 165,046.00 (165,046.00) TOTAL EXPENSES 1,726.25 472,739.68 1,860,314.00 1,387,574.32 25% SURPLUS (881.29) (451,092.41) 363,417.00 (814,509.41)-124% Otter Tail County Housing Redevelopment Authority Operating Statement Four Months Ending 04/30/2026 Program: General Revolving (GR) Project: Consolidated Percent of Year www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 1 of 1 5/14/2026 8:15:22 AM Printed by: Aann Christopherson 10/34 Period Amount Balance ASSETS 1111 Cash (1,586.36) 2,576,210.27 1111.1 Certificates of Deposit 157,744.35 1111.4 Committed for Housing Trust Fund 769,935.00 1113 Cash Rental Rehab 705.07 9,537.23 1130.1 Loan Receivable-Rental Rehab 44,478.49 1130.2 Loan Receivable-Down Payment Assistance 124,920.00 1130.3 Loan Receivable-Tax Levy Rehab Provision 195,983.97 1130.4 Loan Receivable-Homeowner Rehab 25,577.19 1130.9 Loan Allowance (221,561.16) 1400.6 Land 26,400.00 TOTAL ASSETS (881.29) 3,709,225.34 LIABILITIES AND SURPLUS LIABILITIES 2130.1 OTC Long-Term Loan 756,412.33 TOTAL LIABILITIES 756,412.33 SURPLUS 2700 Income/Expense Clearing Account 360,032.25 2700 Income/Expense Clearing Account (Current Year) 2,037.21 2700 Income/Expense Clearing Account (Unclosed 2025) (30,544.26) 2806 Unrestricted Net Position 2,235,266.52 2806 Unrestricted Net Position (Current Year) (881.29)(453,129.62) 2806 Unrestricted Net Position (Unclosed 2025) 839,150.91 TOTAL SURPLUS (881.29) 2,952,813.01 TOTAL LIABILITIES AND SURPLUS (881.29) 3,709,225.34 Otter Tail County Housing Redevelopment Authority Balance Sheet April 2026 Program: General Revolving (GR) Project: Consolidated www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 1 of 1 5/13/2026 8:28:43 AM Printed by: Aann Christopherson 11/34 Doc Num Voided Type 1854 No DD 1855 No DD 1856 No DD 1857 No DD 1858 No DD 1859 No DD 1860 No DD 1861 No DD 1862 No DD 1863 No DD 1864 No DD 1865 No DD 1866 No DD 1867 No DD 1868 No DD 1869 No DD 1870 No DD 1871 No DD 1872 No DD 1873 No DD 1874 No DD 1875 No DD 1876 No DD 1877 No DD 1878 No DD 1879 No DD 1880 No DD 1881 No DD 1882 No DD 1883 No DD 1884 No DD 1885 No DD 1886 No DD 1887 No DD 1888 No DD 1889 No DD 6898 No CHK 6899 No CHK 6900 No CHK 6901 No CHK 6902 No CHK 6903 No CHK 6904 No CHK 6905 No CHK 6906 No CHK 6907 No CHK 6908 No CHK 6909 No CHK 6910 No CHK 6911 No CHK04/01/2026 Port Out Payment Apr 26 Yes $1,215.30 04/01/2026 HAP Util Payment Apr 26 Yes $34.00 04/01/2026 HAP Util Payment Apr 26 Yes $51.00 04/01/2026 HAP Util Payment Apr 26 Yes $58.00 04/01/2026 HAP Util Payment Apr 26 Yes $212.00 04/01/2026 HAP Util Payment Apr 26 No $12.00 04/01/2026 HAP Util Payment Apr 26 Yes $97.00 04/01/2026 HAP Payment Apr 26 Yes $1,427.00 04/01/2026 HAP Util Payment Apr 26 No $18.00 04/01/2026 HAP Payment Apr 26 Yes $700.00 04/01/2026 HAP Payment Apr 26 Yes $274.00 04/01/2026 HAP Payment Apr 26 Yes $396.00 04/01/2026 HAP Payment Apr 26 Yes $335.00 04/01/2026 Port Out Payment Apr 26 Yes $1,168.52 04/01/2026 HAP Payment Apr 26 Yes $305.00 04/01/2026 HAP Payment Apr 26 Yes $950.00 04/01/2026 HAP Payment Apr 26 Yes $359.00 04/01/2026 HAP Payment Apr 26 Yes $333.00 04/01/2026 HAP Payment Apr 26 Yes $268.00 04/01/2026 HAP Payment Apr 26 Yes $452.00 04/01/2026 HAP Payment Apr 26 Yes $460.00 04/01/2026 HAP Payment Apr 26 Yes $335.00 04/01/2026 HAP Payment Apr 26 Yes $496.00 04/01/2026 HAP Payment Apr 26 Yes $507.00 04/01/2026 HAP Payment Apr 26 Yes $463.00 04/01/2026 HAP Payment Apr 26 Yes $931.00 04/01/2026 HAP Payment Apr 26 Yes $360.00 04/01/2026 HAP Payment Apr 26 Yes $427.00 04/01/2026 HAP Payment Apr 26 Yes $321.00 04/01/2026 HAP Payment Apr 26 Yes $2,076.00 04/01/2026 HAP Payment Apr 26 Yes $1,643.00 04/01/2026 HAP Payment Apr 26 Yes $650.00 04/01/2026 HAP Payment Apr 26 Yes $377.00 04/01/2026 HAP Payment Apr 26 Yes $1,988.00 04/01/2026 HAP Payment Apr 26 Yes $1,149.00 04/01/2026 HAP Payment Apr 26 Yes $430.00 04/01/2026 HAP Payment Apr 26 Yes $589.00 04/01/2026 HAP Payment Apr 26 Yes $399.00 04/01/2026 HAP Payment Apr 26 Yes $269.00 04/01/2026 HAP Payment Apr 26 Yes $4,151.00 04/01/2026 HAP Payment Apr 26 Yes $323.00 04/01/2026 HAP Payment Apr 26 Yes $350.00 04/01/2026 HAP Payment Apr 26 Yes $525.00 04/01/2026 HAP Payment Apr 26 Yes $494.00 04/01/2026 HAP Payment Apr 26 Yes $400.00 04/01/2026 HAP Payment Apr 26 Yes $700.00 04/01/2026 HAP Payment Apr 26 Yes $820.00 04/01/2026 HAP Payment Apr 26 Yes $1,080.00 04/01/2026 HAP Payment Apr 26 Yes $386.00 Payment Date Document Description Cleared Amount 04/01/2026 HAP Payment Apr 26 Yes $504.00 Otter Tail County Housing Redevelopment Authority General Ledger Cash Payment/Receipt Register Housing Choice Vouchers Posted Payments www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 1 of 2 5/13/2026 9:45:25 AM Printed by: Aann Christopherson 12/34 Otter Tail County Housing Redevelopment Authority General Ledger Cash Payment/Receipt Register Housing Choice Vouchers 6912 No CHK 6913 No CHK 6914 No CHK 6915 No CHK Doc Num Voided Type 28592 No CHK End of Report Total:55 $37,535.90 Tenant Accounts 1 $105.80 Tenant Accounting - 1 $105.80 Vendor Accounting - 1 $986.25 Vendor Accounting Total 1 $986.25 HAP Accounting Total 48 $29,884.00 HAP Accounting - 48 $29,884.00 Port/Sub Out - Payment 5 $6,559.85 Portability/Subsidy Out 5 $6,559.85 Transaction Type Summary Transaction Type Count Amount Check (CHK)19 $10,402.38 Total:55 $37,535.90 Count Amount Direct Deposit (DD)36 $27,133.52 Project Summary Program - Project Payments Deposits Housing Choice $37,430.10 $105.80 Total:$37,430.10 $105.80 Document Type Summary Document Type 04/01/2026 Payment - Check Yes $105.80 Cleared: 1 $105.80 Uncleared: 0 $0.00 Total Deposits: 1 $105.80 Posted Deposits Control Date Document Description Cleared Amount 04/17/2026 March 2026 HCV Payroll Yes $986.25 Cleared: 52 $37,400.10 Uncleared: 2 $30.00 Total Payments: 54 $37,430.10 04/01/2026 Port Out Payment Apr 26 Yes $955.81 04/01/2026 Port Out Payment Apr 26 Yes $1,823.54 04/01/2026 Port Out Payment Apr 26 Yes $1,396.68 www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 2 of 2 5/13/2026 9:45:25 AM Printed by: Aann Christopherson 13/34 33% Period YTD Annual Remaining Amount Amount Budget Budget INCOME 3110 Dwelling Rent HAP Repayment 4,713.00 4,713.00 3301 Admin Subsidy 5,934.00 11,431.00 65,000.00 (53,569.00)18% 3301.1 HAP Subsidy 36,132.00 147,729.00 515,000.00 (367,271.00)29% 3450.2 Revenue Recapture 3,552.48 3,552.48 3610 Investment Income (0062)5.39 20.55 20.55 3690.1 Other Revenue HAP 30,000.00 (30,000.00)0% TOTAL INCOME 42,071.39 167,446.03 610,000.00 (442,553.97)27% EXPENSES 4140 Staff Training 4,400.00 4,400.00 0% 4150 Travel 22.48 250.00 227.52 9% 4190 Other Admin Expenses (Apps, Service Charges)146.93 179.93 400.00 220.07 45% 4190.01 Manuals, Subscriptions 478.00 8,500.00 8,022.00 6% 4190.08 Consulting Fees 847.50 1,500.00 652.50 57% 4190.2 Management Fees-OTC 4,355.02 47,000.00 42,644.98 9% 4715.1 HAP Occupied Units 29,884.00 124,205.00 455,000.00 330,795.00 27% 4715.P HAP-Portability Out 6,306.00 22,479.00 60,000.00 37,521.00 37% 4716.P Port Out Admin Fee 253.85 904.04 2,400.00 1,495.96 38% TOTAL EXPENSES 36,590.78 153,470.97 579,450.00 425,979.03 26% SURPLUS 5,480.61 13,975.06 30,550.00 (16,574.94)46% Otter Tail County Housing Redevelopment Authority Operating Statement Four Months Ending 04/30/2026 Program: Housing Choice Vouchers Project: Consolidated Percent of Year www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 1 of 1 5/14/2026 8:35:54 AM Printed by: Aann Christopherson 14/34 Period Amount Balance ASSETS 1111 Cash Unrestricted 5,586.41 126,877.45 1121 Fraud A/R (105.80)3,703.20 TOTAL ASSETS 5,480.61 130,580.65 LIABILITIES AND SURPLUS LIABILITIES 2112 A/P HAP 1,638.00 TOTAL LIABILITIES 1,638.00 SURPLUS 2700 Inc & Exp Clearing 4,078.69 2700 Inc & Exp Clearing (Current Year) 3,552.48 2700 Inc & Exp Clearing (Unclosed 2025) (20,236.00) 2805 Restricted Net Position 26,005.74 2805 Restricted Net Position (Current Year) (58.00)1,045.00 2805 Restricted Net Position (Unclosed 2025) 37,136.00 2806 Unrestricted Position 38,696.49 2806 Unrestricted Position (Current Year) 5,538.61 9,377.58 2806 Unrestricted Position (Unclosed 2025) 29,286.67 TOTAL SURPLUS 5,480.61 128,942.65 TOTAL LIABILITIES AND SURPLUS 5,480.61 130,580.65 Otter Tail County Housing Redevelopment Authority Balance Sheet April 2026 Program: Housing Choice Vouchers Project: Consolidated www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 1 of 1 5/13/2026 9:28:31 AM Printed by: Aann Christopherson 15/34 Doc Num Voided Type 7586 No CHK 7587 No CHK 7588 No CHK 7589 No CHK 7590 No CHK 7591 No CHK 7592 No CHK 7593 No CHK 7594 No CHK 01-00000621-00-0 Mar 26 No INV 01-00041004-006 No INV 01-00041101-00-0 Mar 26 No INV 01-00041152-00-6 Mar 26 No INV 28057930688 Mar 26 No INV 99172153944 Mar 26 No INV Doc Num Voided Type No OP No OP No OP No OP No OP No OP No OP No OP 0120 No CHK 0121 No CHK 174 No CHK 178 No CHK 1094 No CHK 1376 No CHK 1377 No CHK 5035 No CHK 18728-GNH No CHK 18827-GNH No CHK 18852-GNH No CHK 18853-GNH No CHK 2-1216711031 No MO 2024-Jodi No CHK 5239864379 No MO 55097782743 No MO 55097783.34 No CHK 6228-Jodi No CHK GNH18884 No CHK04/06/2026 Payment - Check Yes $105.57 04/30/2026 Payment - Check Yes $613.28 04/16/2026 Payment - Check Yes $117.64 04/27/2026 Payment - Money Order Yes $26.76 04/06/2026 Payment - Money Order Yes $590.00 04/06/2026 Payment - Money Order Yes $160.43 04/16/2026 Payment - Check Yes $221.00 04/06/2026 Payment - Check Yes $55.42 04/06/2026 Payment - Check Yes $55.43 04/06/2026 Payment - Check Yes $119.00 04/06/2026 Payment - Check Yes $119.00 04/16/2026 Payment - Check Yes $192.95 04/30/2026 Payment - Check Yes $1,166.70 04/06/2026 Payment - Check Yes $50.60 04/06/2026 Payment - Check Yes $85.71 04/06/2026 Payment - Check Yes $590.00 04/30/2026 Payment - Check Yes $615.00 04/27/2026 Payment - Check Yes $231.67 04/27/2026 Payment - Check Yes $167.00 04/18/2026 Payment - Online Payment Yes $1,000.00 04/23/2026 Payment - Online Payment Yes $250.23 04/11/2026 Payment - Online Payment Yes $509.03 04/16/2026 Payment - Online Payment Yes $216.92 04/06/2026 Payment - Online Payment Yes $600.00 04/11/2026 Payment - Online Payment Yes $45.00 04/03/2026 Payment - Online Payment Yes $40.00 04/03/2026 Payment - Online Payment Yes $474.00 Posted Deposits Control Date Document Description Cleared Amount Cleared: 12 $16,024.12 Uncleared: 3 $171.66 Total Payments: 15 $16,195.78 04/10/2026 Gas No $26.69 04/10/2026 Gas No $73.37 04/24/2026 Water, Electric, Gas, Sewer Yes $231.67 04/24/2026 Water, Electric, Gas, Sewer Yes $266.70 04/24/2026 Water, Electric, Gas, Sewer Yes $250.23 04/24/2026 Water, Electric, Gas, Sewer Yes $234.52 04/17/2026 MAR 26 Payroll, Air Filter, Yes $5,359.46 04/17/2026 Paint Supplies No $71.60 04/17/2026 Service broken cable Yes $261.50 04/17/2026 Water-Gas-Sewer Yes $798.13 04/13/2026 Replace radon fan Yes $575.00 04/17/2026 Solar Salt Yes $45.40 04/13/2026 Install Gas Water Heater - 506 Yes $2,425.75 04/13/2026 Install outlet - 106 Smith Ave Yes $5,464.76 Payment Date Document Description Cleared Amount 04/13/2026 Serviced Furnace - 216 Foss St Yes $111.00 Otter Tail County Housing Redevelopment Authority General Ledger Cash Payment/Receipt Register Public Housing Posted Payments www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 1 of 2 5/13/2026 10:30:05 AM Printed by: Aann Christopherson 16/34 Otter Tail County Housing Redevelopment Authority General Ledger Cash Payment/Receipt Register Public Housing GNH18885 No CHK Rev Recapture No CHK End of Report Total:44 $29,832.68 Tenant Accounting - 29 $13,636.90 Tenant Accounts 29 $13,636.90 Vendor Accounting Total 15 $16,195.78 Vendor Accounting - 6 $1,083.18 Vendor Accounting - 9 $15,112.60 Transaction Type Summary Transaction Type Count Amount Money Order (MO)3 $777.19 Total:44 $29,832.68 Check (CHK)27 $24,837.13 Invoice (INV)6 $1,083.18 Count Amount Online Payment (OP)8 $3,135.18 Project Summary Program - Project Payments Deposits Public Housing - Family $16,195.78 $13,636.90 Total:$16,195.78 $13,636.90 Document Type Summary Document Type 04/30/2026 Payment - Check Yes $5,113.00 Cleared: 29 $13,636.90 Uncleared: 0 $0.00 Total Deposits: 29 $13,636.90 04/06/2026 Payment - Check Yes $105.56 www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 2 of 2 5/13/2026 10:30:05 AM Printed by: Aann Christopherson 17/34 33% Period YTD Annual Remaining Amount Amount Budget Budget INCOME 3110 Dwelling Rental 6,243.00 25,565.00 42,000.00 (16,435.00)61% 3401.1 HUD Operating Subsidy 8,278.20 43,000.00 (34,721.80)19% 3401.2 HUD Capital Funds-Operations/Admin 7,000.00 (7,000.00)0% 3401.3 HUD Capital Funds-Project 8,126.00 35,000.00 (26,874.00)23% 3450.1 Revenue Recapture 5,113.00 12,520.10 12,520.10 3610 Interest Income (5673/0070)5.01 19.16 19.16 3690 Other Income (NSF, Late Fee, GR Support) 86.00 5,086.20 21,000.00 (15,913.80)24% 3690.1 Water Charge Income 482.79 2,551.32 7,500.00 (4,948.68)34% 3690.2 Electric Charge Income 997.16 4,233.45 13,000.00 (8,766.55)33% 3690.3 Gas Charge Income 1,352.29 6,644.50 10,800.00 (4,155.50)62% 3690.31 Sewer Charge Income 598.74 2,944.59 7,500.00 (4,555.41)39% 3690.4 Other Tenant Charges (Maint)1,070.43 1,170.43 1,500.00 (329.57)78% TOTAL INCOME 15,948.42 77,138.95 188,300.00 (111,161.05)41% EXPENSES 4130 Legal 2,000.00 2,000.00 0% 4140 Staff Training 5,000.00 5,000.00 0% 4150 Travel 25.38 300.00 274.62 8% 4171 Audit 2,400.00 2,400.00 0% 4190 Other Admin Expenses (Reports, Apps)600.00 600.00 0% 4190.01 Manuals, Subscriptions 1,300.00 1,300.00 0% 4190.06 Advertising 200.00 200.00 0% 4190.08 Consulting Fees 2,400.00 2,400.00 0% 4190.2 Management Fees-OTC 17,838.95 20,000.00 2,161.05 89% 4310 Water 219.98 2,054.49 7,500.00 5,445.51 27% 4320 Electric 224.37 2,432.32 13,000.00 10,567.68 19% 4330 Gas 318.05 4,879.08 10,800.00 5,920.92 45% 4331 Sewer 220.72 2,326.52 7,500.00 5,173.48 31% 4400 Maintenance - Tools & Equip 56.24 100.00 43.76 56% 4410 Maintenance - Labor 8,371.00 (8,371.00) 4420 Maintenance - Materials 8,196.54 10,000.00 1,803.46 82% 4430 Maintenance - Contracts 145.80 22,000.00 21,854.20 1% 4431 Garbage and Trash Removal Contracts 500.00 500.00 0% 4510 Insurance 28,850.00 35,000.00 6,150.00 82% 4520 PILOT 6,034.00 6,034.00 0% 4521 Assessments 1,050.00 1,050.00 0% 4570 Collection Loss 500.00 500.00 0% 4580 Interest Expense (on Security Deposits)75.00 75.00 0% 4600 Capital Fund Projects 8,126.00 35,000.00 26,874.00 23% TOTAL EXPENSES 983.12 83,302.32 183,259.00 99,956.68 45% SURPLUS 14,965.30 (6,163.37) 5,041.00 (11,204.37)-122% Otter Tail County Housing Redevelopment Authority Operating Statement Four Months Ending 04/30/2026 Program: Public Housing Project: Consolidated Percent of Year www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 1 of 1 5/13/2026 10:12:21 AM Printed by: Aann Christopherson 18/34 Period Amount Balance ASSETS 1111 Cash 12,658.79 107,358.18 1114 Tenant Security Deposit Cash 10,925.02 1122 A/R Tenants 1,736.31 3,295.20 1122.1 Allowance for Doubtful Accts (200.00) 1129 A/R Other 0.83 1400.5 Accumulated Depreciation (1,196,522.77) 1400.6 Land 32,990.31 1400.7 Buildings 1,687,791.45 TOTAL ASSETS 14,395.10 645,638.22 LIABILITIES AND SURPLUS LIABILITIES 2114 Tenant Security Deposits 10,925.02 2119 Accounts Payable (418.66) 2119.1 A/P Admin 418.66 2240 Tenants Prepaid Rent (570.20)1,825.48 TOTAL LIABILITIES (570.20)12,750.50 SURPLUS 2700 Income/Expense Clearing Account (98,087.27) 2700 Income/Expense Clearing Account (Current Year) 14,965.30 (6,163.37) 2700 Income/Expense Clearing Account (Unclosed 2025) (35,914.51) 2802 Invested in Capital Assets, Net of Related Debt 679,466.94 2806 Unrestricted Net Position 93,585.93 TOTAL SURPLUS 14,965.30 632,887.72 TOTAL LIABILITIES AND SURPLUS 14,395.10 645,638.22 Otter Tail County Housing Redevelopment Authority Balance Sheet April 2026 Program: Public Housing Project: Consolidated www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 1 of 1 5/13/2026 10:12:20 AM Printed by: Aann Christopherson 19/34 Doc Num Voided Type 1064 No CHK 1065 No CHK 0200002351007 MAR 26 No INV 0200002371003 MAR 26 No INV 20118158 MAR 26 No INV 20118160 MAR 26 No INV 20118161 MAR 26 No INV 20118164 MAR 26 No INV 20118165 MAR 26 No INV Doc Num Voided Type 1005 No CHK 1202 No CHK 1264 No CHK 1266 No CHK 2468 No CHK 4551 No CHK 5108 No CHK 5598 No CHK 6107 No CHK 12629 No CHK 12630 No CHK 6899-HCV No CHK Tenant Accounting - 12 $6,274.01 Vendor Accounting Total 9 $1,318.86 Vendor Accounting - 7 $955.84 Vendor Accounting - 2 $363.02 Transaction Type Summary Transaction Type Count Amount Invoice (INV)7 $955.84 Total:21 $7,592.87 Count Amount Check (CHK)14 $6,637.03 Project Summary Program - Project Payments Deposits Finding Home I LLC - $1,318.86 $6,274.01 Total:$1,318.86 $6,274.01 Document Type Summary Document Type Cleared: 12 $6,274.01 Uncleared: 0 $0.00 Total Deposits: 12 $6,274.01 04/27/2026 Payment - Check Yes $750.00 04/02/2026 Payment - Check Yes $396.00 04/02/2026 Payment - Check Yes $950.00 04/27/2026 Payment - Check Yes $117.98 04/02/2026 Payment - Check Yes $246.87 04/02/2026 Payment - Check Yes $444.50 04/20/2026 Payment - Check Yes $39.33 04/20/2026 Payment - Check Yes $965.91 04/02/2026 Payment - Check Yes $354.00 04/27/2026 Payment - Check Yes $109.42 04/30/2026 Payment - Check Yes $950.00 04/02/2026 Payment - Check Yes $950.00 Posted Deposits Control Date Document Description Cleared Amount Cleared: 4 $771.17 Uncleared: 5 $547.69 Total Payments: 9 $1,318.86 04/08/2026 Electric No $109.42 04/08/2026 Electric No $124.21 04/08/2026 Electric No $117.98 04/08/2026 Electric No $79.56 04/07/2026 Water-Sewer Yes $202.21 04/08/2026 Electric No $116.52 04/13/2026 Appliance parts Yes $159.98 04/07/2026 Water-Sewer Yes $205.94 Payment Date Document Description Cleared Amount 04/13/2026 Garbage Yes $203.04 Otter Tail County Housing Redevelopment Authority General Ledger Cash Payment/Receipt Register Finding Home I LLC Posted Payments www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 1 of 2 5/13/2026 10:55:25 AM Printed by: Aann Christopherson 20/34 Otter Tail County Housing Redevelopment Authority General Ledger Cash Payment/Receipt Register Finding Home I LLC End of Report Total:21 $7,592.87 Tenant Accounts 12 $6,274.01 www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 2 of 2 5/13/2026 10:55:25 AM Printed by: Aann Christopherson 21/34 33% Period YTD Annual Remaining Amount Amount Budget Budget INCOME 3110 Rent Revenue 5,300.00 16,434.00 55,450.00 (39,016.00)30% 3210 Replacement Reserves (Emergency/Updating)2,100.00 (2,100.00)0% 3610 Interest Income 0.38 4.21 10.00 (5.79)42% 3690 Other Income (NSF, Late Fees)(76.00) 100.00 (176.00)-76% 3690.4 Other Tenant Charges (Maint)360.00 360.00 TOTAL INCOME 5,300.38 16,722.21 57,660.00 (40,937.79)29% EXPENSES 4130 Legal 1,500.00 1,500.00 0% 4171 Audit 3,000.00 3,000.00 0% 4190 Administrative Expense 45.30 (45.30) 4190.06 Advertising/Marketing/Printing 633.78 750.00 116.22 85% 4310 Water 632.23 2,750.00 2,117.77 23% 4320 Electric (290.09) 113.35 750.00 636.65 15% 4331 Sewer 564.00 2,500.00 1,936.00 23% 4410 Maintenance-Labor 2,000.00 2,000.00 0% 4420 Maintenance-Materials 670.98 3,000.00 2,329.02 22% 4430 Maintenance-Contracts 211.60 16,500.00 16,288.40 1% 4431 Garbage/Trash Removal 710.64 2,550.00 1,839.36 28% 4510 Insurance 5,460.47 6,000.00 539.53 91% 4520 PILOT (Payment in Lieu of Taxes)3,705.00 3,705.00 0% 4521 Property Taxes/Assessments 250.00 250.00 0% 4580 Interest Expense (on Security Deposits)35.00 35.00 0% TOTAL EXPENSES (290.09) 9,042.35 45,290.00 36,247.65 20% SURPLUS 5,590.47 7,679.86 12,370.00 (4,690.14)62% Otter Tail County Housing Redevelopment Authority Operating Statement Four Months Ending 04/30/2026 Program: Finding Home I LLC Project: Consolidated Percent of Year www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 1 of 1 5/13/2026 10:45:07 AM Printed by: Aann Christopherson 22/34 Period Amount Balance ASSETS 1111 Cash 6,207.63 42,392.80 1114 Tenant Security Deposit Cash 6,964.70 1122 A/R Tenants (172.66)74.21 1400.5 Accumulated Depreciation (29,229.94) 1400.6 Land 13,500.00 1400.7 Buildings 1,456,410.28 TOTAL ASSETS 6,034.97 1,490,112.05 LIABILITIES AND SURPLUS LIABILITIES 2114 Tenant Security Deposit 6,030.45 2240 Tenant Prepaid Rents 444.50 2,808.09 TOTAL LIABILITIES 444.50 8,838.54 SURPLUS 2700 Income/Expense Clearing Account 1,487,913.10 2700 Income/Expense Clearing Account (Current Year) 5,590.47 7,679.86 2700 Income/Expense Clearing Account (Unclosed 2025) (14,319.45) TOTAL SURPLUS 5,590.47 1,481,273.51 TOTAL LIABILITIES AND SURPLUS 6,034.97 1,490,112.05 Otter Tail County Housing Redevelopment Authority Balance Sheet April 2026 Program: Finding Home I LLC Project: Consolidated www.pha-web.com © 2026 Management Computer Services, Inc. (MCS) Page 1 of 1 5/13/2026 10:45:07 AM Printed by: Aann Christopherson 23/34 OTTER TAIL COUNTY HOUSING AND REDEVELOPMENT AUTHORITY REQUEST FOR BOARD ACTION June 3, 2026 BOARD MEETING DATE AGENDA ITEM #4A Amy Baldwin May 28, 2026 REQUESTOR’S SIGNATURE/DATE BOARD ACTION REQUESTED Call for Public Hearing for sale of HRA Owned Property in Vergas, Minnesota PROPOSED REQUEST/JUSTIFICATION The HRA has owned three residential parcels in Vergas since 2023. These lots had been tax forfeited and were obtained through the affordable housing provision of the tax forfeit statute. Timing of the acquisition was aligned with a funding application to MN Housing for affordable senior rental housing. Funding was not awarded, and there does not appear to be a near-term path to securing funding for the initially planned project. As discussed with the board previously, there has recently been expressed interest in the lots. The parties were invited to submit an application and necessary documents for review in alignment with the HRA’s Tax Forfeited Land Development Policy. Two responses were received. Prospective Buyer #1 is interested in constructing a small single-family dwelling for himself at 205 Eva Street. He is anticipating completion within 12 months. Because his household must meet income requirements, staff will begin to verify income information so it is complete prior to any public hearing to ensure it is within the current 115% of state area median income. Prospective Buyer #2 is interested in combining the remaining two lots, 225 and 235 Eva Street, and constructing a single family home that would be sold to an income qualified buyer. A condition of the sale would be that the buyer’s household meets income qualifications Staff recommends proceeding with the sale of the property to the two proposed buyers. Minnesota statue requires that a public hearing be conducted prior to the sale of HRA owned property. PREVIOUS ACTION ON REQUEST/OTHER PARTIES ADVISED: HRA staff has discussed the potential sale with City of Vergas staff. EXECUTIVE DIRECTOR DATE: Amy Baldwin 05/28/2026 ATTACHMENT LIST: Exhibit A: JN – Application, Project Pro Forma, Site Plan Exhibit B JH – Application, Project Pro Forma, Site Plan FINANCIAL IMPLICATIONS: realize sale proceeds of HRA owned property BUDGETED: YES X NO FUNDING: N/A 24/34 Cell: Mailing Address: (Street, City, State, Zip)Work: Email: Parcel ID# : Who will be responsible for improvements and maintenance after acquisition of parcel? Name: Phone:Email: Please Include: * Building and site plans - New Construction * MF Projects: Proof of funding sources 0 BR $1,226 1 BR $1,314 1-2 $116,900 3 BR $1,822 3+$134,435 4 BR $2,033 * If proposed project eliminates blight, please explain how the blight will be addressed, include pictures. * If proposed project includes construction of affordable "For Sale" housing, include estimated sale price and how you will ensure that the home is sold to a household that does not exceed 115% state median income. * If proposed project includes creation of affordable rental housing, please include proposed rent amounts. Developer's Name Application to Acquire Tax-Forfeited Parcel Josef Nemec 218-8504995 2148 Brookridge Drive, Detroit Lakes, MN 56501 Jnemec05@gmail.com Josef Nemec 218-8504995 Jnemec05@gmail.com Rent Limits Homeownership Income Limits 5/2025 Exhibit A 25/34 218-998-8730 @ COMMUNITY DEVELOPMENT & HOUSING OTTER TAIL COUNTY IS AN EQUAL OPPORTUNITY EMPLOYER Government Services Center 500 West Fir Avenue Fergus Falls, MN 56537 @ ottertailcounty.gov Project Plan: Describe the proposed project, scope summary, timeline and address the applicable above items. Developer's Signature Date Co-Developer's Signature Date Signature: Continue on the next page if needed The proposed project is the construction of a modern single-family residential home on the property 225 Eva St, Vergas, MN 56587 identified as Otter Tail County Parcel #82000990254000. The home design selected is based on the 1,422 square foot modern house plan featuring 2 bedrooms, 1.5 bathrooms, a two-car garage, and a two-story layout. The selected floor plan has an overall footprint of approximately 24 feet wide by 50 feet deep and includes an open-concept living area, kitchen island, office space, mud room, rear porch, and second-floor laundry. The project scope includes site preparation, excavation, foundation installation, utility connections, framing, roofing, exterior finishes, interior construction, mechanical/electrical/plumbing systems, and final landscaping. The structure will be built to comply with applicable Otter Tail County zoning requirements, building codes, and environmental regulations. The proposed foundation type is a slab or monolithic slab foundation depending on final site conditions and engineering review. The project timeline is anticipated to take approximately 9–12 months from permitting to final completion. The preliminary schedule includes: Site evaluation and permitting: 1–2 months Site preparation and foundation work: 1 month Framing and exterior construction: 2–3 months Mechanical, electrical, and plumbing installation: 1–2 months Interior finishes and inspections: 2–3 months Final grading and landscaping: 1 month The proposed project address is 225 Eva St, Vergas, MN 56587 the property associated with Otter Tail County Parcel #82000990254000 in Otter Tail County, Minnesota. The project is intended for residential use and will improve the property through the addition of a modern, energy-efficient home compatible with surrounding development patterns. 26/34 Developer's Name Josef Nemec Co-Developer: Grey Cells are User Input White Cells are Automatically Calculated Values Uses Acquisition Costs: Acquisition: Land 6,375$ Acquisition: Buildings -$ Total Acquisition:6,375$ Site Improvement & Construction: -$ 3,000$ Rehabilitation Construction Costs -$ New construction Costs 275,000$ Construction Contingency 27,000$ Total Construction:305,000$ Soft Costs: Building Permit, License & Fees 3,000$ Architect or Rehab Specialist - Specs/Estimates 3,000$ Engineering 4,500$ Acquisiton Closing - Legal and Recording Fees 2,000$ Title Search & Title Insurance 1,200$ Survey 2,000$ Appraisal 550$ Builder's Risk and/or Casualty Insurance Carrying Costs - Real Estate Taxes Carrying Costs - Utilities 2,000$ Carrying Costs - Grounds Maintenance Carrying Costs - Other Seller Closing Costs Other Other Soft Cost Contingency 2,100$ Total Soft Costs:20,350$ Total Development Cost:331,725$ Estimated Sale Price (excluding closing costs) Net Project Total (331,725)$ Sources Source of Development Funds: Construction Loan or 2nd Mortgage 320,000$ Project Pro Forma (Single Family Rehab of Existing & New Construction) Demolition Site Improvement 27/34 Owner/Investor Equity (Cash)20,350$ Other Other Total Development Sources:340,350$ Gap/(Or Excess Sources):8,625$ 28/34 29/34 --,----------------------------,--20 Covered Patio Office 0 0 16 X 14 Gar. 4 0 23 X 23 ■ I --L------U!!!!!!!!!~----::~~~~~~~~~~~~-----"~!!!!!!I~ [I 'iveway I - - - - -L. - -25 I I Exhibit B 30/34 Ottertail County HRA/CDA 500 Fir Ave Fergus Falls MN. 56537 To whom it may concern: JRMH Holdings would like to purchase lots 205,225 and 235 off of Eva Street in Vergas. These three lots are to be combined to make one buildable and usable lot. We will use fill from a lot that we own off of Diane street and place a 52x28 house along with a 26x26 attached garage on the new lot that currently encompasses Lot 205,225 and 235. The estimated sale price of the home will be 325,000 and we will follow current gu ideline income threshold limits when marketing the house and ensure the qualified buyer will meet these criteria. We will work with Minnesota Housing to facilitate the final sale. Time frame to begin constructi.on will be between fall of 2026 and fall of 2027 or otherwise negotiated. Market Value of the home will be determined by the appraisal value and local market comparisons of like homes. Feel free to reach out if you have additional questions or concerns. We appreciate your consideration when selecting your buyer. Sincerely Josh R.M. Hanson P.O Box 9 Vergas MN. 56587 218-234-1685 . spankysstonehearth@gmaif.com 31/34 Project Plan: Describe the proposed project, scope summary, timeline and address the applicable above items. Application to Acquire Tax-Forfeited Parcel Developer's Name JRMH Holdings Mailing Address: (Street, City, State, Zip) P.O. Box 9 Vergas MN 56587 Cell: 218-234-1685 Work: ____________ _ Email: spankysstonehearth@gmail.com Parcel ID#: 82000990253000, 82000990254000, 82000990255000 Who will be responsible for improvements and maintenance after acquisition of parcel? Name: Josh Hanson Phone: 218-234-1685 Email: spankysstonehearth@gmail.com Please Include: * Building and site plans -New Construction * MF Projects: Proof of funding sources * If proposed project eliminates blight, please explain how the blight will be addressed, include pictures. * If proposed project includes construction of affordable "For Sale" housing, include estimated sale price and how you will ensure that the home is sold to a household that does not exceed 115% state median income. * If proposed project includes creation of affordable rental housing, please include proposed rent amounts. Rent Limits Homeownership 0 BR $1 ,226 Income Limits 5/2025 1 BR $1 ,314 1-2 I $116,900 3 BR $1,822 3+ I $134,435 4 BR $2,033 32/34 t-'rOJeCt t-'ro t-orma (Single Family Rehab of Existing & New Construction) Developer's Name IJRMH Holdings/ Josh Hanson I I Co-Developer: .__ ____________ _,Grey Cells are User Input uses Acquisition Costs: Acquisition: Land Acquisition: Buildings Total Acquisition: Site Improvement & Construction: Demolition Site Improvement Rehabilitation Construction Costs New construction Costs Construction Contingency Total Construction: Soft Costs: Building Permit, License & Fees Architect or Rehab Specialist -Specs/Estimates Engineering Acqu isiton Closing -Legal and Recording Fees Title Search & Title Insurance Survey Appraisal Builder's Risk and/or Casualty Insurance Carrying Costs -Real Estate Taxes Carrying Costs -Utilities Carrying Costs -Grounds Maintenance Carrying Costs -Other Seller Closing Costs Other Other Soft Cost Contingency Total Soft Costs: - I Total Development Cost: Estimated Sale Price (excluding closing costs) ,ver ,-,ro1ecr , ora, :sources Source of Development Funds: Construction Loan or 2nd Mortgage Owner/Investor Equity (Cash) Other Other White Cells are Automatically Calculated Values 6,600 - 6,600 - 15,000 - 303,665 10,000 328,665 1,200 - - 2,000 1,000 - 750 1,500 10,000 2,000 2,000 20,000 23,000 I 63,450 398,715 (3YlJ,715) 405.000 I 33/34..... I .cJ ' '° ~ ~ t,,> N <: I --s:i 'x 'I) ~ ... N vJ ½ "' _,... ~ 0 ~ :r: ~ - - / -,._ , .-------· 218-998-8730 ottertailcounty.gov housing@ottertailcounty.gov OTTER TAIL COUNTY HOUSING AND REDEVELOPMENT AUTHORITY 2026 ANNUAL PLAN I. Key components to the 2026 Annual Plan. a. Proposed changes to the Housing Choice Voucher Program Administrative Policy. b. Proposed changes to the Public Housing Admissions and Continued Occupancy Policy. c. Proposed activity for the Public Housing Program Capital Fund. In 2026, capital improvements will include continued replacements of decks and light fixtures. Replacement of cabinetry, countertop and flooring as needed will take place at time of unit turn. II. Goals and Objectives The HRA Board adopted two strategic initiatives beginning in 2023: 1) Housing Stability Initiative – “Keep People In Their Homes”; and 2) Strengthening Communities Initiative – “Create New Homes”. The goals for the Housing Stability Initiative include the following: a. Maintain High Performer Status for the Scattered Site Public Housing Program. b. Complete necessary capital improvements to the properties to maintain and improve the condition of housing units. c. Adopt an updated Administrative and Continued Occupancy Policy for the Public Housing Program. d. Partner with area agencies to offer all rental assistance participants programs and information on budgeting, caring for rental property and homeownership. e. Maintain Standard Performer status for the Housing Choice Voucher Program, while strengthening procedures and accuracy to obtain High Performer status with 2026 file actions. f. Adopt an updated Administrative Plan aimed at utilizing all federal funds as efficiently as possible. g. Seek funding for additional rental assistance programs to serve target special populations including but not limited to foster youth, veterans, people without a home, and others as identified by the county. h. Administer the Otter Tail County Housing Trust Fund to rehabilitate existing owner occupied and rental properties. i. Administer the Small Cities Development Program Grant to complete owner occupied and commercial rehabilitation in Pelican Rapids. j. Apply to MN DEED on behalf of the City of New York Mills for the Small Cities Development Program Grant for owner occupied, rental and/or commercial rehabilitation. k. Continue programs to enable homeownership including down payment assistance and first-time home buyer programs. l. Own, operate and manage six affordable senior housing units in Dalton. The goals for the Strengthening Communities Initiative – “Create New Homes” a. Administer the Otter Tail County Housing Trust Fund for activities such as rental assistance, down payment assistance, rehabilitation, and/or new construction. b. If adequate funding is secured, begin construction of six affordable senior housing units in New York Mills. c. If awarded funding through MN Housing, construct and sell single family homes in Pelican Rapids, Parkers Prairie and New York Mills. d. Formalize a program to acquire, rehabilitate/demolish existing homes or rental buildings and to identify vacant lots to facilitate the construction of new housing. 34/34 HOUSING AND REDEVELOPMENT AUTHORITY ti) EQUAL HOUSING OPPORTUNITY Government Services Center 500 West Fir Avenue Fergus Falls, MN 56537