7.3 HRSR 02-03-2014 Elk Request for Action
River
To Item Number
Housing and Redevelopment Authority 7.3
Agenda Section Meeting Date Prepared by
General Business February 3, 2014 Brian Beeman,Director of Economic
Development
Item Description Reviewed by
Reading of Status of Existing Projects-Annual End- Jeremy Barnhart,Deputy Director, CODD
of-Year Report Reviewed by
Action Requested
N/A
Background/Discussion
The HRA Bylaws require that the Housing and Redevelopment Authority review all existing projects. The
Annual End-of-Year Report lists all projects completed and on-going. That report is attached. (2013
Annual End-of-Year Report). Staff will review the report with the HRA at the Annual Meeting.
Financial Impact
N/A
Attachments
• 2013 Annual End-of-year Report
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REDEVELOPMENT
IL AUT lOPffY
The Economic Development Department is
committed to assisting the community in increasing
home values, strengthening neighborhoods through Elk
reinvestment and encouraging energy efficiency. River
YEAR-END ACT fifY SUMMARY 2013
• The HRA began the implementation of the Mississippi
Connections plan with D I I r ecto is Message g •
the installation of elec-
trical system upgrades
along Main street and
the downtown park.
The HRA also upgraded ' As the year comes to a close I look back to a year of
to LED decorative transition. Since coming to the City in April,I've been
downtown tree lights,which were placed on trees and impressed with the level of energy and excitement
light poles downtown and along highway 10. within the community and among the HRA board
• HRA contracted with Central Minnesota Housing Part- members. The HRA has set high goals and with the
nership to write a prequalifying grant application. The development of a new Economic development
money received from this grant would be used for the specialist we will continue to be working on
rehabilitation of single family homeowners based on in- accomplishing them,including goals related to preser-
come and other criteria. vation of existing housing options,the development
• HRA is developing a housing Tax Increment Financing of additional affordable and workforce housing.
score sheet. This will establish funding priorities and al- In 2014,I am looking forward to a year of progress in
low future housing projects applying of Tax Increment the promotion of housing options and redevelopment
Financing(TIF) to be scored appropriately. opportunities in Elk River through goal setting,policy
• The HRA is currently reviewing Blackhawk Woods, a 84 update, and plan implementation. Working with the
unit affordable independent senior housing project pro- committed Housing and Redevelopment Authority,
posed for the west side of town, for TIF. This project,if the energy and excitement in Elk River will only
approved,will be the largest single residential project in increase toward a bright future.
over 5 years.
Brian Beeman, MPA
�. •t�yp� Economic Development Director- , .
Val" bbeeman @ElkRiverMN.gov
#s 13065 Orono Parkway
Elk River, MN 55330
763-635-1000
www.E1kRiverMN.gov