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03-03-2014 HRA MIN City ElkMeeting of the Elk River River Housing and Redevelopment Authority Held at the Elk River City Hall Monday, March 3, 2014 Members Present: Chair Wilson, Commissioners,Kuester, Chuba,and Motin. Commissioner Toth arrived at 5:34 p.m. Members Absent: None Staff Present: Economic Development Director Brian Beeman, Community Operations and Development Deputy Director Jeremy Barnhart, and Sr.Administrative Assistant/Recording Secretary Debbie Huebner Also Present: Tony Schertler, Senior Vice President of Springsted, Inc. I. Call Meeting to Order Pursuant to due call and notice thereof, the meeting of the Elk River Housing and Redevelopment Authority was called to order at 5:30 p.m. by Chair Wilson. 2. Pledge of Allegiance • The Pledge of Allegiance was recited. 3. Consider 03/03/2014 Agenda Moved by Commissioner Chuba and seconded by Commissioner Kuester to approve the March 3,2014 agenda. Motion carried 4-0. 4. Consent Agenda Moved by Councilmember Motin and seconded by Councilmember Chuba to approve the following consent agenda: 4.1 Minutes • February 3,2014,Regular Meeting 4.2 Check Register 4.3 Balance Sheet 4.4 Revenue/Expenditure Report Motion carried 4-0. 5. Open Forum • No one appeared for Open Forum. Housing and Redevelopment Minutes Page 2 March 3,2014 6. Public Hearings III There were no public hearings. 7.1 Black Hawk Woods TIF Application Brian Beeman reviewed the staff report to the HRA. Commissioner Toth arrived at this time. Discussion followed regarding the scoring of the Black Hawk Woods TIF application. Commissioner Motin had concerns regarding job creation and wage levels. Mr. Shertler stated that the numbers were provided by the applicant and have not been audited. Commissioner Chuba stated that he could support recommending a public hearing,but he also had concerns whether or not tax credits should be considered for this project. Mr. Shertler explained the challenge to fit housing projects into the scoring. He stated that once the public hearing is held, the next step is to do "but for test" or "needs analysis" on the development projected return. Commissioner Toth stated he agreed with Commissioner Motin regarding the scoring. More discussion followed regarding job creation. Chair Wilson stated that he understood the HRA's concerns but feels the project has merit. Commissioner Kuester stated that she feels the Council will need to resolve the III technical issues,unless they maybe just don't want TIF housing projects. Commissioner Motin stated that other types of housing may be better fit, such as a senior housing care facility,where there would be more employees. He stated he could support recommending a public hearing but he was not sure where the project will be going. Commissioner Chuba felt 84 units was a lot of units to fill. He questioned what might happen to the taxes if the project failed. Discussion followed regarding the proposed 25-year term, and whether or not a shorter term would be better. Mr. Shertler stated that other communities are struggling with affordable housing where wages do not support the housing that is available. He stated that if the City Council proceeds with the public hearing,they can begin negotiations. Commissioner Toth asked if the HRA's comments will go to the City Council. Commissioner Motin stated that he will request the item be taken off the Consent Agenda and he will express the HRA's concerns. Commissioner Toth stated that he feels there is a need for this type of facility,but he is not sure if TIF is the method of III financing to be used for the project. P"OWEREB BY NATURE Housing and Redevelopment Minutes Page 3 March 3,2014 IIIMotion by Commissioner Kuester and seconded by Commissioner Toth to recommend the City Council set a public hearing for Black Hawk Housing Tax Increment Financing project (TIF District No. 24),for Monday,April 21, 2014. Motion carried 5-0. 8.1 Economic Development Specialist (Verbal Update) Mr. Beeman stated that 13 applications were received and 5 candidates were interviewed. Colleen Eddy was selected to fill the Economic Development Specialist position, contingent upon City Council approval at tonight's meeting. If approved, Ms. Eddy will start work March 24, 2014. 9. Adjournment There being no further business, Chair Wilson adjourned the meeting of the Elk River Housing and Redevelopment Authority at 5:58 p.m. Minutes prepared by Debbie Huebner. A f, ( r Stewart Wilson, Chair IIIIHousing&Redevelopment Authority , (:______IC Tina Allard, City Clerk III P-ewIEREB BY NATURE