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4.1 HRSR 06-05-2017 DRAFT MINMeeting of the Elk River Housing and Redevelopment Authority Held at the Elk River City Hall Monday, May 1, 2017 Members Present: Chair Toth, Commissioners Chuba, Eder, Kuester Members Absent: None Staff Present: Economic Development Director Amanda Othoudt, and Sr. Administrative Assistant/Recording Secretary Debbie Huebner Also Present: Nicola Viana and Krissi Hoffmann, Minnesota Housing Finance Agency; EDA Attorney Jenny Boulton and EDA Financial Advisor Mikayla Huot 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 5:30 p.m. by Chair Toth. 2.Pledge of Allegiance The Pledge of Allegiance was recited. 3.Consider 05/01/17 Agenda Motion by Commissioner Eder and seconded by Commissioner Kuester to approve the May 1, 2017, agenda with the following addition: 7.8 Ï 426 Main Street Purchase Agreement Motion carried 5-0. 4.Consent Agenda Moved by Commissioner Ovall and seconded by Commissioner Eder to approve the consent agenda as follows: 4.1 HRA Minutes March 6, 2017 Regular Meeting 4.2 Check Register 4.3 Balance Sheet 4.4 Revenues and Expenditures Report Housing and Redevelopment Minutes Page 2 May 1, 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. Eddy provided an update on the Rehabilitation Loan Program as outlined in her staff report. She discussed current and completed projects, proposed i advertising. Commissioner Ovall noted that since their funding balance is getting low, was it a good idea to be marketing right now. Ms. Othoudt stated that they will be discussing this in the near future. Commissioner Ovall stated that sooner would be better, be able to take advantage of this yearÔs construction season. 7.2 Marketing Report Ms. Othoudt discussed the proposed planters, bike racks and benches for the downtown. After discussion, the Commissioners were in agreement to postpone this issue to a workshop meeting, to allow them more time to look at the overall before making a decision on these items. 7.3 Presentation by the Minnesota Housing Finance Agency Ms. Othoudt introduced Nicola Viana and Krissi Hoffmann. Ms. Viana provided information on the various Minnesota Housing programs. 7.4 Establishment of the Finance Committee Ï Bylaws Ms. Othoudt reviewed the proposed changes to the HRA Bylaws to c committee with the EDA. The HRA had no changes to the draft. 7.5 The Truck Shop Application Ms. Othoudt reviewed the loan application for The Truck Shop by Annie Deckert of Decklan Group representing the applicant stated that the applicant has since acquired the 620 Quinn and 633 Proctor properties, since t memo. Housing and Redevelopment Minutes Page 3 May 1, 2017 ----------------------------- Motion by Commissioner Chuba and seconded by Commissioner Ovall to approve Resolution 17-01, A Resolution of the Housing & Redevelopment Authority of the City of Elk River Elk River Approving Loan Agreement and Related Documents for The Truck Shop, Inc. Project. Motion carried 5-0. ------------------ Motion by Commissioner Chuba and seconded by Commissioner Kuester to authorize execution of the loan documents. Motion carried 5-0. 7.6 Electric Charging Station Downtown Ms. Othoudt explained that Elk River Municipal Utilities (ERMU) in partnership with the city received a grant to finance research, implementation, and education related to electric vehicles. She stated that a charging station is proposed to be installed in the HRA parking lot between Elk River Meats and Avalon Salon. A second station is proposed near RalphieÔs Victory gas station. Motion by Commissioner Chuba and seconded by Commissioner Eder to approve a license agreement with ERMU to provide for installation of a 240-volt Level 2 electric vehicle charger with access to two parking spaces designated Electric Vehicle Parking Only. Motion carried 5-0. 7.7 HRA Policy Annual Review Ms. Othoudt reviewed the revisions to the HRA Blighted Properties Commercial/Industrial and Residential Forgivable Loan Program documents. Commissioner Chuba asked how many loan applications for residential properties have been received. Ms. Othoudt stated none have been received. Commissioner Chuba stated he felt the $15,000 loan amount was too low, considering the high cost of any environmental remediation. He suggested $25,000 as a more realistic figure. Commissioner Eder agreed. Motion by Commissioner Kuester and seconded by Commissioner Eder to approve the revisions to the HRA Commercial/Industrial and the Residential Blighted Properties Forgivable Loan Programs, with the following change: Maximum Loan amount be changed from $15,000 to $25,000 for the Residential Blighted Properties Forgivable Loan Program Motion carried 5-0. 7.8 426 Main Street Purchase Agreement Ms. Othoudt stated that the HRA is asked to authorize a purchase property owner of 426 Main Street. She noted that the purchase will be funded from the HRA reserves. Housing and Redevelopment Minutes Page 4 May 1, 2017 ----------------------------- Commissioner Chuba stated that he will abstain from discussion and voting on this item due to a conflict of interest. Motion by Commissioner Eder and seconded by Commissioner Ovall to authorize staff to enter into a purchase agreement with the property owner of 426 Main Street, using HRA reserves to fund the purchase. Motion carried 4-0-1. Commissioner Chuba abstained. 8. Announcements There were no announcements. The HRA recessed at 6:45 p.m. and reconvened in work session at 6:46 m. 9.1 TIF Housing and Redevelopment Policy EDA Attorney Jenny Boulton and EDA Financial Advisor Mikayla Huo discuss proposed updates to the Tax Increment Financing Policies It was the consensus of HRA that they were in support of eliminating the scoring sheet. The HRA Commissioners were in agreement to continue to review the policies at a future workshop before making any official changes to the documents. 10. Adjournment Chair Toth adjourned the meeting at 7:58 p.m. Minutes prepared by Debbie Huebner. _____________________ Tina Allard, City Clerk _____________________ Larry Toth, Chair Housing & Redevelopment Authority