09-08-1992 HR MIN • MEETING OF THE ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
TUESDAY, SEPTEMBER 8, 1992
Members Present: Chairman Hinkle, Commissioners Kropuenske, Toth, Schuldt
and Duitsman and Executive Director, Pat Klaers
Members Absent: None
Staff Present: Sandra Thackeray, City Clerk; Bill Rubin, Economic
Development Coordinator
1. Call Meeting To Order
Pursuant to due call and notice thereof, the meeting of the HRA was
called to order by Chairman Hinkle at 7:48 p.m.
2. Consider HRA Agenda
There being no amendments to the agenda, it was the consensus to
approve the agenda.
3. Open Mike
• Brad Larson of Elk Terrace informed the EDA that September 17 has been
scheduled as the closing date for the property.
4. Consider Development Agreement by and between the Elk River Housing
and Redevelopment Authority and Elk Terrace Ltd. Partnership
Bill Rubin reviewed the Contract for Private Development by and between
the HRA, the City of Elk River and Elk Terrace Ltd. Partnership. He
stated that all references to land write down have been eliminated.
The Partnership will still realize $92,000 in TIF assistance and the
assistance will be used for two broad categories consisting of City
installation of public improvements and developer installed public
improvements. Bill Rubin stated that there have been two minor
amendments to the assessment agreement.
COMMISSIONER TOTH MOVED TO APPROVE THE CONTRACT FOR PRIVATE DEVELOPMENT
BY AND BETWEEN THE ELK RIVER HRA, THE CITY OF ELK RIVER AND ELK TERRACE
LTD. PARTNERSHIP. COMMISSIONER DUITSMAN SECONDED THE MOTION. THE
MOTION CARRIED 5-0.
5. Other Business
Executive Director, Pat Klaers, distributed a letter to the HRA which
was addressed to the Federal Housing Administration. The letter was
• written by the Chairman of the HRA. He stated that the letter
discussed the Federal Housing Administration's policy of refusing to
process mortgage refinancings in certain residential subdivisions in
Elk River. The Executive Director informed the HRA that the Finance
• Director has tried to contact the FHA but has had no response. He
stated that the Finance Director would continue to pursue the matter.
6. Adjournment
There being no further business, COMMISSIONER KROPUENSKE MOVED TO
ADJOURN THE MEETING. COMMISSIONER DUITSMAN SECONDED THE MOTION. THE
MOTION CARRIED 5-0.
The meeting of the HRA adjourned at 7:00 p.m.
Respectfully submitted,
Sandra Thackeray
City Clerk
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