08-05-2019 HRA MIN SPECIALOf
Special Meeting of the Elk River
Ver Housing and Redevelopment Authority
Held at the Elk River City Hall
Monday, August 5, 2019
Members Present: Vice Chair Dennis Chuba, Commissioners Louise Kuester and Nate Ovall
Members Absent: Chair Larry Toth and Commissioner Michelle Eder
Staff Present: Economic Development Director Amanda Othoudt, Economic
Development Specialist Colleen Eddy, and Deputy 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 4:33 p.m. by Vice Chair Chuba.
2. Consider Agenda
Moved by Commissioner Ovall and seconded by Commissioner Kuester to approve
the August 5, 2019, special meeting agenda.
Motion carried 3-0.
3. HRA 2020 Budget and Budget Goals
Ms. Othoudt presented the staff report.
She reviewed the performance measures. She noted the projected number of HRA
rehabilitation loans for 2020 is 11, which is the number necessary to recover costs associated
with plan administration.
Ms. Othoudt reviewed the HRA goals:
■ Promote preservation of HRA housing stock
■ Promote a vital downtown
■ Enhance redevelopment opportunities for commercial/industrial properties
Commissioner Ovall indicated he does not recall how the amount of loan interest necessary
to recover plan administration costs was arrived at. Ms. Othoudt explained the HRA pays an
upfront fee for CEE to administer the loan program and it was discussed the HRA would
need interest from 11 rehabilitation loans to recoup the fee paid to the plan administrator.
She stated she will pull the minutes from this discussion late last year and provide to the
HRA.
Housing and Redevelopment Minutes
August 5, 2019 Special
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Page 2
Ms. Othoudt presented the budget. She indicated $5,000 is included for downtown planters
but she is waiting to hear back from the Parks Department to see if they have an employee
available to water and maintain the planters. She noted the actual cost of the planters may be
closer to $8,000 - $9,000.
Commissioner Ovall suggested budgeting $5,000 for the planters and if more is necessary
pulling from the General Fund.
Commissioner Ovall questioned if money has been allocated for additional property
acquisitions. Ms. Othoudt stated historically money for property acquisition has come from
reserves but money can be set aside if the HRA desires.
Ms. Othoudt explained the HRA can levy the previous rate, balanced rate, or maximum rate.
Commissioner Ovall questioned what the levy would be at the current expenditure level. Ms.
Othoudt explained she will not know until Sherburne County provides the estimated market
value in a few weeks.
Vice Chair Chuba questioned if staff is anticipating a need for additional funding. Ms.
Othoudt stated not that she is aware of.
Ms. Othoudt indicated she will have the estimated market value by the September 3 meeting
and will be able to provide levy options at that time.
HRA Consensus was to move forward with this budget.
4. Adjournment
Vice Chair Chuba adjourned the meeting at 4:56 p.m.
Minutes prepared by Jessica Miller.
Tina Allard, City Clerk
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Housing & Redevelopment Authority