03-06-2017 HRA MIN rty of
lk � Meeting of the Elk River
Ri ver Housing and Redevelopment Authority
Held at the Elk River City Hall
Monday, March 6, 2017
Members Present: Chair Toth,Commissioners Chuba,Kuester (6:05 p.m.) and Ovall
Members Absent: Commissioner Eder
Staff Present: Economic Development Director Amanda Othoudt,and Executive
Secretary/Deputy City Clerk Jessica Miller
I. 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 5:30 p.m.by Chair Toth.
2. Pledge of Allegiance
The Pledge of Allegiance was recited.
3. Consider 03/06/17 Agenda
Moved by Commissioner Chuba and seconded by Commissioner Ovall to approve
the March 6,2017,agenda. Motion carried 3-0.
4. Consent Agenda
Moved by Commissioner Ovall and seconded by Commissioner Chuba to approve
the consent agenda as follows:
4.1 Balance sheet as outlined in the staff report.
4.2 Revenue/expenditure report as outlined in the staff report.
4.3 Satisfaction Agreement for Jon W. and Ann K.Jungers.
Motion carried 3-0.
S. Open Forum
No one was present for open forum.
6. Public Hearings
There were no public hearings.
Housing and Redevelopment Minutes Page 2
March 6,2017
7.1 Rehabilitation Loan Program Update
Ms. Othoudt provided an update as outlined in her staff report.
8. Announcements
There were no announcements.
The HRA recessed at 5:37 p.m. and reconvened in work session at 5:41 p.m.
9.I HRA Rehab Loan Program —Targeted Area
Ms. Othoudt presented the staff report. She stated she received a call from the homeowner
at 18299 Boston Street inquiring about the rehabilitation loan program. She explained the
home is just outside of the targeted area. She indicated the HRA could expand the targeted
area or the program could be opened up to the entire city and funding could be limited
based on certain criteria.
The HRA discussed the benefits of maintaining the targeted area for now but expressed an
interest in reviewing the program again later this year.
Ms. Othoudt suggested waiting until this summer when people want to do home
improvement projects to see if any additional loan inquiries are received.
Commissioner Ovall concurred with Ms. Othoudt on waiting until June or July to discuss
again. He added the HRA earmarked funding for a specific area of the city and if the funding
is opened up alternative funding should be identified. He noted he would like to see the
program marketed to see if the program's response increases.
Commissioner Toth expressed concern with setting a precedent if the program is extended
outside of the targeted area.
Consensus of the HRA was to limit the rehabilitation loan program to within the targeted
area for now and to revisit later in the year.
Ms. Othoudt stated there may be alternative funding available through the Minnesota
Housing Finance Agency (MHFA) for homeowners outside of the targeted area. She
indicated she will contact the MHFA to do a presentation for the HRA on their funding
options.
9.2 Main Street Redevelopment Plan
Ms. Othoudt presented her staff report. She stated she has spoken to three out of four of
the property owners in the area and they are interested in selling their properties.
(Commissioner Kuester arrived at 6:05 p.m.)
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Housing and Redevelopment Minutes Page 3
March 6,2017
Discussion took place and members of the HRA expressed an interest in seeing building
overlays showing setbacks,utility easements,proposed traffic connections, etc. Ms. Othoudt
indicated she will work with the Planning Department and bring something back at a future
meeting.
I 0. Adjournment
Chair Toth adjourned the meeting at 6:26 p.m.
Minutes prepar- • Jessica Miller.
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Housing&Redevelopment Authority