05-06-1996 HR MIN MEETING OF THE ELK RIVER
HOUSING AND REDEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, MAY 6, 1996
Members Present: Chair Schuldt, Commissioners Kropuenske, Hinkle, Farber and
Wilson (arrived at 5:30 p.m.)
Members Absent: None
Staff Present: Pat Klaers, Executive Director; Lori Johnson, Assistant City
Administrator; and Sandra Thackeray, City Clerk
1. Call Meeting To Order
Pursuant to due call and notice thereof, the meeting of the Elk River HRA was
called to order at 5:15 p.m. by Chair Schuldt.
2. Consider Agenda
COMMISSIONER FARBER MOVED TO APPROVE THE HRA AGENDA. COMMISSIONER
KROPUENSKE SECONDED THE MOTION. THE MOTION CARRIED 4-0.
111 3. Consider April 17, HRA Minutes
It was noted that the 301 King Address is incorrect. The correct address is 307
King.
COMMISSIONER HINKLE MOVED TO APPROVE THE APRIL 17, 1996, HRA MINUTES AS
CORRECTED. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION
CARRIED 4-0.
4. King and Main Street Discussion
Executive Director Pat Klaers described the property which the HRA has agreed
to purchase. The property is located on the northwest corner of the King and
Main intersection. The site has three structures on it, is about 3/4 of an acres in size
and is listed for a total of$410,000. Pat Klaers indicated that the city could
recapture its investment through a redevelopment TIF district
Mark Kleckner of Century 21 was present representing the seller. Mark Kleckner
distributed and reviewed the purchase agreement for the property.
Assistant City Administrator Lori Johnson reviewed the financial ramifications of
purchasing the project immediately and doing a project as soon as possible
versus holding the property for one year. She further indicated that the penalty
under both scenarios is very similar.
Stewart Wilson arrived at this time (5:30 p.m.)
HRA Minutes
May 6, 1996
Page 2
Developer Dennis Chuba was present. A letter from Mr. Chuba was presented.
Mr. Chuba is proposing a multi-tennant zero lot-line building on the site.
Discussion was held regarding the possibility of the Elk River Municipal Utilities
relocating to the site. It was indicated that no decision has been made on this
issue because the Utilities may be able to remain in their existing building.
COMMISSIONER HINKLE MOVED TO AUTHORIZE THE EXECUTIVE DIRECTOR TO SIGN
THE PURCHASE AGREEMENT FOR THE PROPERTY LOCATED AT THE CORNER OF KING
AND MAIN STREET CONTINGENT UPON THE COUNTY CONSENTING TO THE TIF
TIMEFRAME CONCEPT AND SUBJECT TO THE FINAL VERSION OF THE DENNIS CHUBA
LETTER BEING ACCEPTABLE TO THE CITY ATTORNEY. COMMISSIONER FARBER
SECONDED THE MOTION. THE MOTION CARRIED 5-0.
5.1. Call May 22, 1996, Special HRA Meeting for Mississippi Riverfront Pathway Proiect
COMMISSIONER FARBER MOVED TO CALL A SPECIAL MEETING OF THE HRA FOR MAY
23, 1996,AT 6:00 P.M.TO DISCUSS THE RIVERFRONT CORRIDOR PROJECT AND TO
RECEIVE AN UPDATE ON THE KING AND MAIN PROJECT. COMMISSIONER
KROPUENSKE SECONDED THE MOTION. THE MOTION CARRIED 5-0.
5.2. Business Incubator Program
Executive Director Pat Klaers updated the HRA on the business incubator
program. He indicated that a building has not been found to locate the business
incubator program.
6. Check Register
COMMISSIONER HINKLE MOVED TO APPROVE THE CHECK REGISTER.
COMMISSIONER WILSON SECONDED THE MOTION. THE MOTION CARRIED 5-0.
7. Adiournment
There being no further business, COMMISSIONER FARBER MOVED TO ADJOURN THE
MEETING. COMMISSIONER HINKLE SECONDED THE MOTION. THE MOTION CARRIED
5-0.
The meeting of the Elk River HRA was adjourned at 5:58 p.m.
Respectfully submitted,
A1A't4464
Sandra Thackeray �"
City Clerk
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