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04-17-1996 HR MIN MEETING OF THE ELK RIVER • HOUSING AND REDEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL WEDNESDAY,APRIL 17, 1996 Members Present: Chair Schuldt, Commissioners Kropuenske, Farber, Hinkle, and Wilson Members Absent: None Staff Present: Pat Klaers, City Administrator; Lori Johnson, Assistant City Administrator, Michelle Dwyer, Recording Secretary Others Present: Mayor Hank Duitsman 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 6:01 by Chair Schuldt. 2. Consider Agenda COMMISSIONER KROPUENSKE MOVED TO APPROVE THE HRA AGENDA AS AMENDED: 5.5 MINNESOTA HOUSING FINANCE UPDATE COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0. 3. Consider Minutes COMMISSIONER FARBER MOVED TO APPROVE THE APRIL 3, 1996 HRA MINUTES. COMMISSIONER HINKLE SECONDED THE MOTION. THE MOTION CARRIED 5-0. 4. Discussion on the Kino/Main Redevelopment Site Pat Klaers, City Administrator, introduced the King/Main Redevelopment project. Mark Kleckner, Century 21 Realty stated in September 1994 the City had an appraisal done on the three properties. The property located at 307 King was appraised at$172,000 with a current asking price of$175,000, the property located at 812 Main was appraised at$74,000 with a current asking price of $130,000, and the property located at 317 King was appraised at$100,000 with a current asking price of$105,000. Mark Kleckner has been in contact with all the owners and all are agreeable with the price. Also, Mark stated that he is certain the 307 King owners do not have a problem deferring the purchase payments. Lori Johnson, Assistant City Administrator, explained the tax ramifications for purchasing the properties by June 30, or after July 1, 1996 for a TIF plan. Elk River HRA Meeting Page 2 April 17, 1996 • Mayor Hank Duitsman stated his support for the HRA purchasing of the three properties. Denny Chuba, Chuba Co., handed out concept plans for a proposed professional building. COMMISSIONER HINKLE MOVED TO FINALIZE A PURCHASE PROPOSAL FOR HRA CONSIDERATION. COMMISSIONER KROPUENSKE SECONDED THE MOTION. THE MOTION CARRIED 5-0. COMMISSIONER KROPUENSKE MOVED TO HAVE A SPECIAL MEETING OF THE HOUSING AND REDEVELOPMENT AUTHORITY ON MONDAY, MAY 6, 1996 AT 5:15 P.M. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5- 0. 5. Other Business (Verbal Updates) 5.1 Business Incubator Program Pat Klaers, City Administrator, updated the HRA on the Business Incubator Program. Pat Klaers stated the School District 728 has made an offer on the County Administration Building. The School District would like to move their Administrative offices to this location. 5.2 Roma Tool Loan Pat Klaers, City Administrator, stated he and Lori Johnson had a conference call with the owner of Roma Tool. Roma Tool stated they are not leaving but only downsizing for the time being. 5.3 Proposal for an Economic Development Strateaic Plan and its Relationship to the Central Business District Focus Area Study Pat Klaers, City Administrator, informed the HRA that he has spoke with the Economic Development Authority and the EDA will wait to make any decisions until a Director of Economic Development is hired. 5.4 Mississippi Riverfront Pathway Project Pat Klaers, City Administrator, handed out a letter from Michael Schroeder, Hoisington Koegler Group Inc., for review. Pat Klaers will send out a memo to the Riverfront Pathway Committee for a meeting on May 22, 1996. 5.5 Minnesota Housina Finance Update Pat Klaers, City Administrator, handed out a news alert from the Minnesota Housing Finance Agency. Pat Klaers stated this first time home owner program would help 3 or 4 families to own a home. • Ell: River HRA Meeting Page 3 April 17, 1996 6. Adjournment There being no further business, COMMISSIONER HINKLE MOVED TO ADJOURN THE HRA MEETING. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0. The meeting of the Elk River Housing and Redevelopment Authority was adjourned at 7:45 p.m. Respectfully submitted, ,AVittPa. DUAlagt(2 Michelle Dwyer Recording Secretary • •