01-11-1994 HR MIN • ANNUAL MEETING OF THE ELK RIVER
HOUSING AND REDEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
TUESDAY, JANUARY 11, 1994
Members Present: Chair Hinkle, Commissioners Duitsman, Schuldt and Toth(arrived
late)
Members Absent: Commissioner Kropuenske
Staff Present: Patrick Klaers, Executive Director; Bill Rubin, Economic
Development Coordinator
1. Call Meeting To Order
Pursuant to due call and notice thereof, the annual meeting of the Elk River
Housing and Redevelopment Authority was called to order at 7:00 by Chair Dick
Hinkle.
2. Consider January 11, 1994 HRA Agenda
COMMISSIONER DUITSMAN MOVED TO APPROVE THE JANUARY 11, 1994, HRA
AGENDA. COMMISSIONER SCHULDT SECONDED THE MOTION. THE MOTION
. CARRIED 3-0.
3. Consider November 22, 1993 HRA Minutes
COMMISSIONER SCHULDT MOVED TO APPROVE THE NOVEMBER 22, 1993 HRA
MINUTES AS PRESENTED. COMMISSIONER DUITSMAN SECONDED THE MOTION. THE
MOTION CARRIED 3-0.
4. Open Mike
No one appeared for this item.
5. HRA Annual Meeting Items
5.a. Election of Officers
At this time, Chair Hinkle announced that he did not wish to seek
reelection for the position of Chair. However, pursuant to the HRA's by-
laws, it was in order to elect a Chair, Vice-Chair, and Secretary.
CHAIR HINKLE MOVED TO NOMINATE GENE SCHULDT AS HRA CHAIR FOR
1994. COMMISSIONER DUITSMAN SECONDED THE MOTION. THE MOTION
CARRIED 3-0.
COMMISSIONER DUITSMAN MOVED TO NOMINATE COMMISSIONER
• KROPUENSKE AS HRA VICE CHAIR FOR 1994. CHAIR HINKLE SECONDED THE
MOTION. THE MOTION CARRIED 3-0.
COMMISSIONER SCHULDT MOVED TO NOMINATE COMMISSIONER TOTH AS
HRA SECRETARY FOR 1994. COMMISSIONER DUITSMAN SECONDED THE
MOTION. THE MOTION CARRIED 3-0.
5.b. Official Newspaper
411
COMMISSIONER DUITSMAN MOVED TO DESIGNATE THE ELK RIVER STAR NEWS
AS THE OFFICIAL NEWSPAPER FOR THE ELK RIVER HRA FOR 1994.
COMMISSIONER SCHULDT SECONDED THE MOTION. THE MOTION CARRIED
3-0.
5.c. Official Depositories
COMMISSIONER DUITSMAN MOVED TO APPROVE THE SAME DEPOSITORIES
USED BY THE CITY OF ELK RIVER AND THE ECONOMIC DEVELOPMENT
AUTHORITY AS THE OFFICIAL DEPOSITORIES FOR HRA FUNDS IN 1994.
COMMISSIONER SCHULDT SECONDED THE MOTION. THE MOTION CARRIED
3-0.
At this time, Commissioner Toth arrived for the meeting.
6. Financial Update
The HRA Commissioners reviewed a memo from Finance Director Lori Johnson.
According to the memo, the HRA had a cash balance as of December 31, 1993,
in excess of $116,000.00 Revenues for 1993 were approximately $54,780.00
(excluding December, 1993 interest). Expenditures for 1993 totaled $32,049.28 for
the two parking lot improvements in the Central Business District.
Lastly, the Finance Director indicated that it was in order to approve payment in
the amount of $1,000.00 to the City of Elk River for administrative expenses during
1993.
COMMISSIONER SCHULDT MOVED TO AUTHORIZE THE $1,000.00 PAYMENT TO THE
CITY OF ELK RIVER. COMMISSIONER TOTH SECONDED THE MOTION. THE MOTION
CARRIED 4-0.
7. Other Business
There was no other business discussed at this time.
8. Adjournment
There being no further business, COMMISSIONER DUITSMAN MOVED TO ADJOURN
THE HRA MEETING. COMMISSIONER SCHULDT SECONDED THE MOTION. THE
MOTION CARRIED 4-0.
The meeting of the Elk River Housing and Redevelopment Authority adjourned at 7:09
p.m.
Respectfully submitted,
44/1"—` v4k
Wi iam Rubin •
Economic Development Coordinator