04-24-2000 HR MIN . MEETING OF THE ELK RIVER
HOUSING AND REDEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, APRIL 24, 2000
Members Present: Commissioners Kropuenske, Toth, Thompson, Huntington, and
Wilson
Staff Present: Marc Nevinski; Acting Director of Economic Development,
Executive Director; Pat Klaers, and 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 5:00 p.m. by Chairman
Kropuenske.
2. Consider April 24, 2000 HRA Agenda
The April 24, 2000 agenda was accepted as presented.
• 3. Consider Consent Agenda
COMMISSIONER TOTH MOVED TO APPROVE THE CONSENT AGENDA AS FOLLOWS:
3.1. JANUARY 18, 2000 SPECIAL WORKSESSION MEETING HRA MINUTES -
APPROVED
3.2. JANUARY 24, 2000 HRA MINUTES-APPROVED
3.3. CHECK REGISTER-APPROVED
COMMISSIONER THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 5-0.
4. Open Mike
There was no one present for Open Mike.
5. Introduction of Linda Huntington
Chairman Kropuenske welcomed Linda Huntington as the new HRA member.
6. Public Hearing - King and Main Purchase Agreement
Marc Nevinski explained that the First National Bank of Elk River has made an offer
to purchase the King and Main site for $175,000. He indicated that before the
sale can occur, the HRA and City Council must hold public hearings to consider
public input on the sale.
Chairman Kropuenske opened the public hearing.
HRA Minutes Page 2
April 24, 2000
• Dick Gongoll, CEO and president of the First National Bank was present. He
indicated that it is their intent to have the project serve as an anchor for the
downtown area. He further indicated that they are working with an architect and
expect to exceed their proposed timeframe.
Marc Nevinski reviewed the provisions in the purchase agreement. The HRA
discussed the rating system and suggested that staff consider using some type of
formula for penalties.
There being no one for or against the matter, Chairman Kropuenske closed the
public hearing.
COMMISSIONER WILSON MOVED TO APPROVE THE PURCHASE AGREEMENT FOR THE
KING AND MAIN SITE WITH THE FOLLOWING AMENDMENT:
1. THAT THE CLOSING TAKE PLACE ON JUNE 1, 2000.
COMMISSIONER TOTH SECONDED THE MOTION. THE MOTION CARRIED 5-0.
7. Public Hearing - Revised Tax Increment Financing Policy
Marc Nevinski explained that new legislation mandates that cities modify their
current incentive and subsidy policies to include provisions stipulated by the
• business subsidy law.
Chairman Kropuenske opened the public hearing. There being no one for or
against the matter, Chairman Kropuenske closed the public hearing.
COMMISSIONER TOTH MOVED TO APPROVE THE REVISED TAX INCREMENT
FINANCING POLICY. COMMISSOINER WILSON SECONDED THE MOTION.THE
MOTION CARRIED 5-0.
8. Tax Abatement Policy
Marc Nevinski reviewed the Tax Abatement Policy. He indicated that staff is
proposing to change the name to Tax Rebate Financing which more accurately
reflects how the policy works.
Marc noted that the EDA and City Council have reviewed the policy and held
public hearings on the policy.
It was the consensus of the HRA to approve the policy as drafted and that it is
interested in including special types of housing in the policy.
9. Other Business
There was no other business.
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HRA Minutes Page 3
April 24, 2000
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10. Adjournment
There being no other business, COMMISSIONER WILSON MOVED TO ADJOURN THE
MEETING. COMMISSIONER THOMPSON SECONDED THE MOTION. THE MOTION
CARRIED 5-0.
The meeting of the Elk River Housing and Redevelopment Authority adjourned at
5:27 p.m.
41111Piez, p
Sandra Peine
City Clerk
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