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10-24-1985 HR MIN SPECIAL • MINUTES OF A SPECIAL MEETING OF THE ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY OCTOBER 24, 1985 1. The Housing and Redevelopment Authority meeting was called to order by Chairman Hinkle at 7 : 30 p.m. 2 . Roll Call Members Present: Dick Hinkle, Estelle Gunkel, Larry Toth, and Hank Duitsman. Also present at the meeting was City Administrator, Tom Bublitz . Commissioner Tralle was absent from the meeting. Appointment of Chairman THERE WAS A MOTION BY COMMISSIONER HINKLE AND SECONDED BY COMMISSIONER DUITSMAN TO APPOINT COMMISSIONER GUNKEL AS CHAIR OF THE ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY. THE MOTION PASSED UNANIMOUSLY. Appointment of Vice Chair iTHERE WAS A MOTION BY COMMISSIONER GUNKEL AND SECONDED BY COMMISSIONER DUITSMAN TO APPOINT COMMISSIONER HINKLE AS VICE CHAIR OF THE ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY. THE MOTION PASSED UNANIMOUSLY. Appointment of Secretary THERE WAS A MOTION BY COMMISSIONER DUITSMAN AND SECONDED BY COMMISSIONER HINKLE TO APPOINT CHAIRMAN TRALLE AS SECRETARY TO THE HOUSING AND REDEVELOPMENT AUTHORITY. THE MOTION PASSED UNANIMOUSLY. Status of Downtown Redevelopment Proposal for King and Main The City Administrator reviewed the status of the project proposed for the corner of King and Main. He noted that the Council authorized a fesibility study for the project which proposed a three story building for the corner of King and Main Street. He noted that the building would also include underground parking and would consist of retail commercial on the first floor and possible combinations of office and residential uses on the upper two floors. With regard to the status of the feasibility study, he noted that Zack Johnson had been authorized to conduct a study and • at this point was waiting to receive several items from the developers of the project, including a financial proforma, estimate of construction cost, and building plans and designs. He noted that, after submission of the required HRA Minutes October 24 , 1985 Page Two • information to Mr. Johnson, the preliminary feasibility could be completed within three to four weeks. 3 . Review of Downtown Redevelopment The commissioners discussed the Housing: Authority' s role with regard to overall development and redevelopment in the downtown area. The City Administrator discussed the role of the Housing Authority with regard to redevelopment and noted that the Elk River Housing and Redevelopment Authority has been established to plan for, encourage and implement housing and commercial development activities in the City. He noted that the City has already, as authorized by Chapter 462 of the State Statutes, created an HRA and adopted redevelopment and tax increment financing plans. The City Administrator also noted that in order to finance redevelopment activities, the HRA, may, within limits, accept grants, issue bonds, and levy taxes. He also pointed out the Authority may buy, sell, and condemn real property and participate in development projects. In the area of public housing he noted that as a public housing authority, the HRA may develop, own and/or operate housing projects for low and moderate income families. Additionally, he explained that as • a redevelopment authority, the HRA can review and approve downtown redevelopment proposals, assemble and resell land, and work with developers in a number of other ways including seeking specific proposals for redevelopment and responding to redevelopment proposals submitted from developers. The Housing Authority members continued to discuss the role of the HRA and the HRA' s authority in redevelopment including the condemnation of land, the methods of inviting proposals for redevelopment, and other issues including zoning and financing. Vice Chairman Hinkle suggested that the HRA look at conduct- ing a workshop session with the City Atorney and Mr. Zack Johnson to review and discuss in more detail what the Housing Authority' s role and authority is with regard to redevelop- ment issues. In further discussion, the Housing Authority members recommended that representatives from the various downtown groups including the Chamber of Commerce, the Retailers, Banks and the Downtown Development Group, be invited to the meeting. It was decided that the workshop session to be held with the City Attorney and Mr. Zack Johnson be held on November 21, at 7 : 30 p.m. in the public library and that • representatives from the downtown businesses should be invited to the meeting. HRA Minutes October 24 , 1985 • Page Three 4 . Consideration of HRA Budget Request for 1986 Housing Authority Members discussed the option of requesting funds for 1986 to provide the Housing Authority with financial means to fund any studies, legal expenses or other costs related to the Authority' s activities related to redevelopment issues. THERE WAS A MOTION BY COMMISSIONER TOTH AND SECONDED BY COMMISSIONER GUNKEL TO REQUEST THE CITY COUNCIL TO PROVIDE FUNDS FOR THE HOUSING AUTHORITY FOR 1986 , NOT TO EXCEED THE STATUTORY LIMIT OF 1/3 MILL. THE MOTION PASSED UNANIMOUSLY. 5 . Adjournment THERE WAS A MOTION BY COMMISSIONER TOTH AND SECONDED BY COMMISSIONER DUITSMAN TO ADJOURN THE MEETING. THE MOTION PASSED UNANIMOUSLY. The Elk River Housing and Redevelopment Authority adjourned at 8 : 55 p.m. • Tom Bublitz , City Administrator •