07-06-2015 HRA MINMeeting of the Elk River
Ver Housing and Redevelopment Authority
Held at the Elk River City Hall
Monday, July 6, 2015
Members Present: Chair Wilson, Commissioners Burandt, Chuba, Kuester, and Toth
Members Absent: None
Staff Present: Economic Development Director Amanda Othoudt, Economic
Development Specialist Colleen Eddy, Finance Director Tim Simon, and
Recording Secretary /Sr. Administrative Assistant Debbie Huebner
1. 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 5:45 p.m. by Chair Wilson.
2. Pledge of Allegiance
The Pledge of Allegiance was recited.
3. Consider 7/6/15 Agenda
Moved by Commissioner Toth and seconded by Commissioner Chuba to approve
the July 6, 2015, agenda. Motion carried 5 -0.
4. Consent Agenda
Moved by Commissioner Kuester and seconded by Commissioner Toth to approve
the following consent agenda:
4.1 June 1, 2015 Regular Meeting Minutes
4.2 Check Register
4.3 Balance Sheet
4.4 Revenue/ Expenditure Report
Motion carried 5 -0.
S. Open Forum - No one appeared for Open Forum.
6.1 Public Hearings - None
7.1 Rehabilitation Loan Program Update
Housing and Redevelopment Minutes
July 6, 2015
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Colleen Eddy presented an update on the Rehabilitation Loan Program. Ms. Eddy reported
that there are 9 projects listed; 5 under construction, 3 applications in progress, and 1 in
process. She noted that the CMHP monthly report have been revised to include the
addresses of the properties.
The HRA adjourned to a workshop in Upper Town at this time (5:55 p.m.)
7.2 HRA Budget and Goals
Ms. Othoudt presented the staff report.
Commissioner Chuba asked if there were any plans for a first time homebuyer program. Ms.
Othoudt stated she would need to research funding sources for that type of program.
Commissioner Toth asked what the total of the 2016 HRA budget was. Tim Simon, Finance
Director, stated that proposed budget total is $304,050. Mr. Simon explained the three
options the three HRA levy: 1) previous rate (01440 %); 2) balanced rate of .01512 0/6); or
maximum rate (.01850 0/6).
The HRA discussed Option 1 and Option 2. Chair Wilson stated that Option 2 would
almost completely cover the HRA's proposed budget. He also asked what the increase is
project to be in valuations at the County.
Mr. Simon stated they expect an overall 5% increase. Mr. Simon stated that based on
projected valuations, the tax impact of Option 2 on a $200,000 house amounted to
approximately $1.44 a year. He noted that if the HRA proposes to put in $100,000 over 3
years for a forgivable loan fund, which would draw on their cash reserves if they did not
increase the levy.
Discussion followed regarding the proposed blighted properties forgivable loans. Ms.
Othoudt suggested a fund of $200,000 for residential properties and $200,000 for
commercial /industrial properties over a 3 -year period, similar to the CMHP program.
Mr. Simon stated that after the HRA establishes a blighted properties loan policy, the budget
could be amended.
Ms. Othoudt stated that the HRA will be looking at the blighted properties draft policies in
August.
Chair Wilson asked what the amount of the SCDP grant request was and what contingencies
go with it. Ms. Othoudt stated that the city's contribution was $50,000. She will research
the details on this item.
8. Adjournment
There being no further business, Chair Wilson adjourned the meeting. The meeting
adjourned at 6:17 p.m.
Housing and Redevelopment Minutes
July 6, 2015
Minutes prepared by Debbie Huebner.
Tina Allard, City Clerk
`Stewart Wilson Chair
Housing & Redevelopment Authority
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