10-27-1997 HR MIN MEETING OF THE ELK RIVER
• HOUSING AND REDEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, OCTOBER 27, 1997
Members Present: Vice Chair Kropuenske, Commissioners Farber and Wilson
Members Absent: Chair Gene Schuldt, Commissioner Hinkle
Staff Present: Paul Steinman, Executive Director;Sandra Thackeray, City Clerk;
Pat Klaers, City Administrator
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 6:05 p.m. by Vice Chair
Kropuenske.
2. Consider 10/20/97 HRA Agenda
COMMISSIONER FARBER MOVED TO APPROVE THE 10/27/97 HRA AGENDA AS
PRESENTED. COMMISSIONER WILSON SECONDED THE MOTION. THE MOTION
CARRIED 3-0.
• 3. Consider Consent Agenda
COMMISSIONER WILSON MOVED TO APPROVE THE CONSENT AGENDA AS
FOLLOWS:
3.1. 8/25/97 HRA MINUTES-APPROVED
3.2. CHECK REGISTER-APPROVED
COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 3-0.
4. Open Mike
No one appeared for this item.
5.1. Update Activities Regarding the King and Main Site
Executive Director Paul Steinman updated the HRA on the progress of the King
and Main site. He indicated that the HRA and city staff have been working with
the developer regarding the development of this site for a period of
approximately eighteen months. He indicated that during that time the
developer has not brought forward any potential tenants for the site. Paul
explained that the cost for the lot is$6.94 per square foot or$225,000 for the
entire lot. He indicated that in discussion with potential tenants and developers it
has become apparent that lease rates in the downtown area are not able to
support this high of a land price. Paul Steinman stated that the city has the ability
• to be flexible on the land price with the up front sale cost because tax increment
financing can be used to recoup some of the city's investment. Paul indicated
Housing and Redevelopment Authority Page 2
October 27. 1997
• that he felt the price of the lot is affecting the city's ability to get tenants. He
further indicated that he did not feel it was realistic to ask the same dollars per
square foot for land downtown as for land located on Highway 169.
Vice Mayor Kropuenske indicated his concern that the site be opened up to
other developers who are interested in developing the area. After further
discussion it was the consensus of the HRA to allow Executive Director Paul
Steinman the flexibility to negotiate the cost of the land with potential tenants.
5.2. Update on Other Activities Downtown
Executive Director Paul Steinman updated the HRA on downtown activities
including the Olde Main Eatery, the former Snyder building, and the Star News
building.
5.3. Update on River's Edge Activities by Shelle Perleberg
Shelle Perleberg, president of River's Edge Downtown Development Corporation,
updated the HRA on upcoming activities of the Corporation. She indicated that
some of the main issues of the Corporation include sidewalk replacement,
painting of another mural in the downtown area, extensive Christmas lighting,
and revitalization of the downtown area. She indicated that the Corporation's
Mission Statement is "to try to preserve the historic value of the downtown area."
Discussion was held by the HRA indicating its interest in continuing to work with
the Downtown Development Corporation and the fact that the downtown is a
• part of the city's master plan and will continue to be discussed by the HRA,
Planning Commission, and city staff.
6. Other Business
There was no other business.
7. Adjournment
There being no further business, COMMISSIONER WILSON MOVED TO ADJOURN THE
MEETING. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED
3-0.
The meeting of the Elk River Housing and Redevelopment Authority was
adjourned at 5:45 p.m.
Respectfully submitted,
Sa ra Thackeray
City Clerk