10-14-1996 HR MIN MEETING OF THE ELK RIVER HOUSING AND
REDEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, OCTOBER 14, 1996
Members Present: Chair Schuldt, Commissioners Kropuenske, Hinkle, Wilson, and
Farber (5:21 p.m.)
Members Absent: None
Staff Present: Paul Steinman, Executive Director; Pat Klaers, City Administrator;
Michelle Dwyer, Recording Secretary
Others Present: Mayor 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 5:01 p.m. by Chair Schuldt.
2. Consider Agenda
• COMMISSIONER WILSON MOVED TO APPROVE THE OCTOBER 14, 1996 HRA
AGENDA. COMMISSIONER KROPUENSKE SECONDED THE MOTION. THE MOTION
CARRIED 4-0.
3. Consider Consent Agenda
COMMISSIONER WILSON MOVED TO APPROVE THE CONSENT AGENDA AS
FOLLOWS:
3.1 CONSIDER AUGUST 12, 1996 HRA MINUTES - APPROVED
3.2 CHECK REGISTER - APPROVED
COMMISSIONER KROPUENSKE SECONDED THE MOTION. THE MOTION CARRIED
4-0.
4. Discuss Modifications to HRA Bylaws
Paul Steinman, Executive Director, discussed with the Commission the
modifications to the HRA bylaws.
5. Discuss Repayment Schedule and Project Timing - Kina and Main Project
Paul Steinman, Executive Director, discussed with the Commission the approval
of the loan repayment schedule. The loan was made from the liquor store fund
to the HRA in the amount of$401,482.48. The HRA spent$24,185.26 to pay
• closing expenses for the properties. The HRA will incur an additional amount for
demolition. Paul Steinman stated the HRA cannot make the$225,000 payment
Elk River HRA Meeting Page 2
October 14, 1996
• due on July 1, 1997 unless the HRA closes on the sale of the properties to the
developer at that same time.
Denny Chuba Co. has indicated in his letter of intent that he will construct an
$800,000 to $1,000.000 building and pay a minimum of$225,000 for the property.
Mayor Duitsman stated it would be a benefit for the City to incorporate energy
efficient technology in the new building since Elk River is now designated as an
Energy City.
Commissioner Farber arrived at this time (5:21 p.m.).
COMMISSIONER KROPUENSKE MOVED TO APPROVE THE KING AND MAIN LOAN
REPAYMENT SCHEDULE. COMMISSIONER HINKLE SECONDED THE MOTION. THE
MOTION CARRIED 5-0.
6. Request City Council to Call Public Hearing for Creation of TIF District No. 16
COMMISSIONER HINKLED MOVED TO HAVE CITY COUNCIL CALL A PUBLIC
HEARING FOR CREATION OF TIF DISTRICT NO. 16. COMMISSIONER FARBER
SECONDED THE MOTION. THE MOTION CARRIED 5-0.
7. Other Business
• Paul Steinman, Executive Director, received a phone call from Realtor Nancy
Bischoff regarding the house for sale on Jackson Avenue and 6th Street. The
HRA discussed the purchase of the home and will have Paul Steinman look into
possibly bonding for the purchase of the home.
Chair Schuldt stated a reserve fund for the HRA should be created for
downtown re-development for sidewalks, etc. and should be discussed each
• year during budget time.
Mayor Duitsman would like to see King Avenue possibly closed and the creation
of angle parking to help ease the shortage of parking downtown.
8. Adjournment
There being no further business, COMMISSIONER HINKLE MOVED TO ADJOURN
THE MEETING. COMMISSIONER KROPUENSKE SECONDED THE MOTION. THE
MOTION CARRIED 5-0
The meeting of the Elk River Housing and Redevelopment Authority was
adjourned at 5:48 p.m.
Respectfully submitted,
• Michelle Dwyer
Recording Secretary