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01-18-2000 HR MIN SPECIAL WORKSESSION . SPECIAL WORKSESSION MEETING OF THE ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL TUESDAY, JANUARY 18, 2000 Members Present: Chair Kropuenske, Commissioners Thompson, Wilson, and Toth (4:50 p.m.) Members Absent: Commissioner Hinkle Staff Present: Paul Steinman, Director of Economic Development; Marc Nevinski, Assistant Director of Economic Development; Pat Klaers, City Administrator; Sandy Peine, City Clerk; Michele McPherson, Director of Planning; Scott Harlicker, Senior Planning; Peter Beck, City Attorney; Bryan Adams, Utilities General Manager 1. Call Worksession Meeting To Order Pursuant to due call and notice thereof, the special worksession meeting of the Elk River Housing and Redevelopment Authority was called to order at 4:06 p.m. by Chair Kropuenske. 2. Consider Agenda COMMISSIONER THOMPSON MOVED TO APPROVE THE 1/18/00 HRA AGENDA. COMMISSIONER WILSON SECONDED THE MOTION. THE MOTION CARRIED 3-0. Executive Director Paul Steinman explained that the purpose of the worksession is to allow the HRA to listen to four proposals for the development of the HRA King and Main Street site. He further stated that after reviewing the information presented by the four developers the HRA would be requested to come to a consensus of the proposal with which they intend to proceed. The four proposal presentations consisted of: 1. First National Bank- First National Bank proposes to build a professional office type of building with construction to be completed some time in 2001. The size of the building will be dependent upon what the city will allow according to parking regulations. First National Bank is proposing to pay $175,000 cash to the city for the property upon closing. First National Bank has requested that the $175,000 be used for rehabilitation in the downtown area. 2. KMR Partners- KMR Partners stated they are withdrawing their offer because they are unable to pay for the property. KMR Partners noted that they would be in favor of First National Bank's proposal. 3. John Weicht&Associates/Track of the Wolf-John Weicht &Associates is • proposing to construct a professional building with a value in excess of$3 million. It is proposed that the building will be completed in the year 2000. Housing and Redevelopment Authority Meeting Page 2 January 18, 2000 • The size of the building proposed is a minimum of 15,000 square feet to a maximum of 40,000 square feet. John Weicht&Associates have tenants that will occupy one half of a 40 square foot building. John Weicht indicated that they are willing to pay approximately $100,000 for the property. Track of the Wolf gave a presentation indicating that they would be an occupant of the building proposed by John Weicht &Associates. 4. Municipal Utilities- Municipal Utilities indicated that they would withdraw their proposal because the First National Bank has offered to pay more than Municipal Utilities for the land, and because the Utilities plan for building is a 2-5 year timeframe which is a longer time frame than proposed by First National and because the Utilities building would be a tax exempt project. Issues discussed by the HRA following the presentation included the number of parking and the fact that a parking study would have to be done by the city. Also discussed was the timeframe for completion of the building and the amount of money the developers are willing to pay for the property. It was the consensus of the HRA to review the information presented and to make a decision on which proposal would be chosen at the regular meeting on the HRA to be held January 24. 3. Other Business • Executive Director Paul Steinman informed the HRA of his intent to resign as Director of Economic Development for the City of Elk River. COMMISSIONER WILSON MOVED TO COMMEND PAUL STEINMAN ON HIS SERVICES PROVIDED TO THE HOUSING AND REDEVELOPMENT AUTHORITY. COMMISSIONER TOTH SECONDED THE MOTION.THE MOTION CARRIED 4-0. 4. Adiournment There being no further business, COMMISSIONER THOMPSON MOVED TO ADJOURN THE MEETING. COMMISSIONER WILSON SECONDED THE MOTION. THE MOTION CARRIED 4-0. The meeting of the Elk River Housing and Redevelopment Authority was adjourned at 5:41 p.m. andra Peine City Clerk •