04-03-2017 HRA MIN ity of `
Meeting of the Elk River
Ri ver Housing and Redevelopment Authority
Held at the Elk River City Hall
Monday, April 3, 2017
Members Present: Chair Toth, Commissioners Chuba, Eder,Kuester and Ovall
Members Absent: None
Staff Present: Economic Development Director Amanda Othoudt, and Sr.Administrative
Assistant/Recording Secretary Debbie Huebner
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 03/03/17 Agenda
Moved by Commissioner Ovall and seconded by Commissioner Chuba to approve
the March 6,2017, agenda with the following addition:
9.2—Discuss establishing a Housing& Redevelopment Authority Finance
Committee
Motion carried 5-0.
4. Consent Agenda
Moved by Commissioner Kuester and seconded by Commissioner Eder to approve
the consent agenda as follows:
4.1 HRA Minutes
• February 6,2017 Regular Meeting
• February 21,2017 Closed Meeting
• March 6,20170 Regular Meeting
• March 22,2017 Closed Meeting
4.2 Check Register
4.3 Balance Sheet
4.4 Revenues and Expenditures Report
Housing and Redevelopment Minutes Page 2
April 3,2017
Motion carried 5-0.
5. Open Forum
No one was present for open forum.
6. Public Hearings
There were no public hearings.
7.1 Rehabilitation Loan Program Update
Ms. Othoudt provided an update on the Rehabilitation Loan Program as outlined in her staff
report.
Commissioner Ovall asked if staff has any recommendation for refunding the program, since
the balance is getting down to approximately$75,000. Ms. Othoudt stated that refunding
the program will be reviewed in the budget discussions in June.
Moved by Commissioner Ovall and seconded by Commissioner Eder to approve the
mortgage and repayment agreements for the Hanson and Sandhoefer. Motion
carried 5-0.
7.2 Marketing Report
Ms. Othoudt reviewed her memo to the HRA.
Chair Toth asked if the Star News could do a follow-up article. Ms. Othoudt stated that she
felt they would have enough coverage with the mailings and quarter-page ads they are
planning to do.
8. Announcements
There were no announcements.
The HRA recessed at 5:42 p.m. and reconvened in work session at 5:44 p.m.
9.1 Main Street Property Redevelopment Plan
The HRA discussed Options A,B and C for a potential redevelopment project. The HRA
directed staff to find out the valuations of the two single family properties along 3th Street.
The consensus of the HRA was to proceed with Option A discussions at this time,with the
potential to expand to Option A at some point in the future.
Housing and Redevelopment Minutes Page 3
April 3,2017
9.2 Discuss Establishing Housing & Redevelopment Authority Finance
Committee
The HRA and staff discussed the idea of creating a Housing&Redevelopment Authority
Finance Committee.
After discussion,it was the consensus of the HRA that it made sense to have one Finance
Committee to review all EDA and HRA proposals. Staff will bring back an amendment to
the bylaws to establish this policy.
Discussion followed regarding review of financial policies. Ms. Othoudt stated that policies
will be reviewed on an annual basis.
I 0. Adjournment
Chair Toth adjourned the meeting at 6:26 p.m.
Minutes prepa,tettbr Debbie Huebner.
7,
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Tina Allard, City Clerk
Larry T , Chair
Housing&Redevelopment Authority