06-28-1999 HR MIN •
MEETING OF THE ELK RIVER
HOUSING AND REDEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, JUNE 28, 1999
Members Present: Chair Kropuenske, Commissioners Hinkle, Toth, Thompson, and
Wilson
Members Absent: None
Staff Present: Paul Steinman, Director of Economic Development, Marc
Nevinski, Assistant Director of Economic Development, Sandra
Peine, City Clerk
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 5:05 p.m.
2. Consider Agenda
COMMISSIONER TOTH MOVED TO APPROVE THE 6/28/99 HRA AGENDA.
COMMISSIONER HINKLE SECONDED THE MOTION. THE MOTION CARRIED 5-0.
• 3. Consider Consent Agenda
COMMISSIONER HINKLE MOVED TO APPROVE THE CONSENT AGENDA WITH THE
CONDITION THAT A BALANCE BE INCLUDED ON THE CHECK REGISTER NEXT MONTH.
3.1 CHECK REGISTER -APPROVED
3.2 3/22/99 MEETING MINUTES-APPROVED
3.3 4/12/99 SPECIAL MEETING MINUTES -APPROVED
3.4 6/14/99 JOINT STRATEGIC PLANNING MINUTES -APPROVED
COMMISSIONER TOTH SECONDED THE MOTION. THE MOTION CARRIED 5-0.
4. Open Mike
There was no one present for open mike.
5. Discussion: King and Main Proiect
Paul Steinman informed the HRA that staff and Chair Kropuenske have been
meeting with a prospect for a project on the King and Main site. Paul Steinman
reviewed financing options for the site. He explained that the best situation
would be for a business or developer to pay the appraised value for the lot up
front. Chair Kropuenske indicated that staff is trying to work out a financing
scenario that would attract tenants. He reviewed two possible financing
• scenarios which include a business or developer paying for the property up front,
or the HRA providing the land to the project at a minimum cost up front to the
developer and then taking back a mortgage on the property for the balance of
Elk River Housing and Redevelopment Authority Page 2 June 28, 1999
• the appraised value. He explained that the gap between this would be
recovered through tax-increments generated from the site in future years.
6. Discuss Post Office Relocation Issues
Paul Steinman informed the HRA that staff has met with post office officials
regarding their plans to relocate from their existing location to a site on Highway
169. He indicated that representatives of the post office have confirmed that
they are not interested in pursuing a Central Business District location for any
portion of their facility. Paul Steinman stated that he has invited the post office to
make a presentation to the EDA on August 9. Paul invited the HRA to attend.
COMMISSIONER HINKLE MOVED TO CALL A SPECIAL MEETING OF THE HRA ON
AUGUST 9 AT 6:00 P.M.TO HEAR A PRESENTATION FROM THE POSTAL SERVICE
REGARDING THE RELOCATION OF THE POST OFFICE. COMMISSIONER THOMPSON
SECONDED THE MOTION. THE MOTION CARRIED 5-0.
7. Central Business District Action Plan Updates
Marc Nevinski, Assistant Director of Economic Development, updated the HRA on
the Strategic Planning Process in regard to the Central Business District activities.
8. Other Business
Paul Steinman invited the HRA to attend a 4:00 meeting on July 12 to review the
•• Strategic Plan.
COMMISSIONER THOMPSON MOVED TO CALL A SPECIAL MEETING OF THE HRA ON
JULY 12, 1999, FROM 4:00-6:00 P.M., TO HOLD A WORK SESSION IN CONJUNCTION
WITH THE HRA, EDA,AND COUNCIL TO DISCUSS THE STRATEGIC PLANNING PROCESS.
COMMISSIONER WILSON SECONDED THE MOTION. THE MOTION CARRIED 5-0.
9. Adjournment
There being no further business, COMMISSIONER THOMPSON MOVED TO ADJOURN
THE MEETING. COMMISSIONER HINKLE SECONDED THE MOTION. THE MOTION
CARRIED 5-0.
The meeting of the Elk River Housing and Redevelopment Authority was
adjourned at 5:45 p.m.
Sandra Peine
City Clerk